Other assets (Tables)

9 Months Ended

Sep. 30, 2022

Other Assets [Abstract]

Summary of Other Assets Presented on the Consolidated Balance Sheet

The following table provides the components of other assets presented on the consolidated balance sheet.

Other assets	Sept. 30, 2022		Dec. 31, 2021
(in millions)
Corporate/bank-owned life insurance	$	5,391	$	5,359
Accounts receivable	4,838		4,178
Fails to deliver	4,622		1,561
Software	2,190		2,096
Prepaid pension assets	2,012		1,946
Cash collateral receivable on derivative transactions	1,423		304
Qualified affordable housing project investments	1,255		1,153
Renewable energy investments	907		1,027
Fair value of hedging derivatives	875		206
Prepaid expense	804		476
Equity method investments	781		939
Other equity investments (a)	642		449
Income taxes receivable	577		538
Federal Reserve Bank stock	477		472
Seed capital (b)	342		357
Assets of consolidated investment management funds	214		462
Other (c)	1,252		886
Total other assets	$	28,602	$	22,409

(a)     Includes strategic equity, private equity and other investments.

(b)    Includes investments in BNY Mellon funds which hedge deferred incentive awards.

(c)    At Sept. 30, 2022 and Dec. 31, 2021, other assets include $6 million and $7 million, respectively, of Federal Home Loan Bank stock, at cost.

Equity Securities without Readily Determinable Fair Value

The following table presents the adjustments on the non-readily marketable equity securities.

Adjustments on non-readily marketable equity securities											Life-to-date
(in millions)	3Q22		2Q22		3Q21		YTD22		YTD21
Upward adjustments	$	3	$	76	$	55	$	125	$	61	$	283
Downward adjustments	—		(7)		—		(7)		—		(11)
Net adjustments	$	3	$	69	$	55	$	118	$	61	$	272

Summary of Investments Valued Using NAV

The table below presents information on our investments valued using NAV.

Investments valued using NAV	Sept. 30, 2022					Dec. 31, 2021
(in millions)	Fair value		Unfunded  commitments			Fair value		Unfunded commitments
Seed capital (a)(b)	$	84		$	16	$	101		$	21
Private equity investments (c)	128			58		113			61
Other	4			—		4			—
Total	$	216		$	74	$	218		$	82

(a)    Primarily includes leveraged loans and structured credit funds, which are generally not redeemable. Distributions from such investments will be received as the underlying investments in the funds, which have lives of three to 11 years at both Sept. 30, 2022 and Dec. 31, 2021, are liquidated.

(b)    Includes investments in funds that relate to deferred compensation arrangements with employees.

(c)    Private equity investments primarily include Volcker Rule-compliant investments in SBICs that invest in various sectors of the economy. Private equity investments do not have redemption rights. Distributions from such investments will be received as the underlying investments in the private equity investments, which have a life of 10 years, are liquidated.