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Parent Company (Tables)
 12 Months Ended
Dec. 31, 2018
Condensed Financial Information Disclosure [Abstract]  
Schedule of condensed financial information of Parent Company-only The following tables present Parent Company-only financial statements. Effective January 1, 2018, the Parent Company adopted several new accounting standards. Certain of the new accounting standards were applied retrospectively and, accordingly, prior period amounts were revised. For additional information, refer to Note 1.
Statements of income and comprehensive income(a)
Year ended December 31,
(in millions)
 
2018

 
2017

 
2016

Income
 
 
 
 
 
 
Dividends from subsidiaries and affiliates:
 
 
 
 
 
 
Bank and bank holding company
 
$
32,501

 
$
13,000

 
$
10,000

Non-bank(b)
 
2

 
540

 
3,873

Interest income from subsidiaries
 
216

 
72

 
794

Other interest income
 
—

 
41

 
207

Other income from subsidiaries:
 
 
 
 
 
 
Bank and bank holding company
 
515

 
1,553

 
852

Non-bank
 
(444
)
 
(88
)
 
1,165

Other income
 
888

 
(623
)
 
(846
)
Total income
 
33,678

 
14,495

 
16,045

Expense
 
 
 
 
 
 
Interest expense to subsidiaries and affiliates(b)
 
2,291

 
400

 
105

Other interest expense
 
4,581

 
5,202

 
4,413

Noninterest expense
 
1,793

 
(1,897
)
 
1,643

Total expense
 
8,665

 
3,705

 
6,161

Income before income tax benefit and undistributed net income of subsidiaries
 
25,013

 
10,790

 
9,884

Income tax benefit
 
1,838

 
1,007

 
876

Equity in undistributed net income of subsidiaries
 
5,623

 
12,644

 
13,973

Net income
 
$
32,474

 
$
24,441

 
$
24,733

Other comprehensive income, net
 
(1,476
)
 
1,056

 
(1,521
)
Comprehensive income
 
$
30,998

 
$
25,497

 
$
23,212

Balance sheets(a)
 
 
 
 
December 31, (in millions)
 
2018

 
2017

Assets
 
 
 
 
Cash and due from banks
 
$
55

 
$
163

Deposits with banking subsidiaries
 
5,315

 
5,338

Trading assets
 
3,304

 
4,773

Advances to, and receivables from, subsidiaries:
 
 
 
 
Bank and bank holding company
 
3,334

 
2,106

Non-bank
 
74

 
82

Investments (at equity) in subsidiaries and affiliates:
 
 
 
 
Bank and bank holding company
 
449,628

 
451,713

Non-bank(b)
 
1,077

 
422

Other assets
 
10,478

 
10,426

Total assets
 
$
473,265

 
$
475,023

Liabilities and stockholders’ equity
 
 
 
 
Borrowings from, and payables to, subsidiaries and affiliates(b)
 
$
20,017

 
$
23,426

Short-term borrowings
 
2,672

 
3,350

Other liabilities
 
8,821

 
8,302

Long-term debt(c)(d)
 
185,240

 
184,252

Total liabilities(d)
 
216,750

 
219,330

Total stockholders’ equity
 
256,515

 
255,693

Total liabilities and stockholders’ equity
 
$
473,265

 
$
475,023

Statements of cash flows(a)
 
 
Year ended December 31,
(in millions)
 
2018

 
2017

 
2016

Operating activities
 
 
 
 
 
 
Net income
 
$
32,474

 
$
24,441

 
$
24,733

Less: Net income of subsidiaries and affiliates(b)
 
38,125

 
26,185

 
27,846

Parent company net loss
 
(5,651
)
 
(1,744
)
 
(3,113
)
Cash dividends from subsidiaries and affiliates(b)
 
32,501

 
13,540

 
13,873

Other operating adjustments
 
(4,400
)
 
4,635

 
(18,166
)
Net cash provided by/(used in) operating activities
 
22,450

 
16,431

 
(7,406
)
Investing activities
 
 
 
 
 
 
Net change in:
 
 
 
 
 
 
Proceeds from paydowns and maturities from available-for-sale securities
 Securities
 
—

 
—

 
353

Other changes in loans, net
 
—

 
78

 
1,793

Advances to and investments in subsidiaries and affiliates, net
 
8,036

 
(280
)
 
(51,967
)
All other investing activities, net
 
63

 
49

 
114

Net cash provided by/(used in) investing activities
 
8,099

 
(153
)
 
(49,707
)
Financing activities
 
 
 
 
 
 
Net change in:
 
 
 
 
 
 
Borrowings from subsidiaries and affiliates(b)
 
(2,273
)
 
13,862

 
2,957

Short-term borrowings
 
(678
)
 
(481
)
 
109

Proceeds from long-term borrowings
 
25,845

 
25,855

 
41,498

Payments of long-term borrowings
 
(21,956
)
 
(29,812
)
 
(29,298
)
Proceeds from issuance of preferred stock
 
1,696

 
1,258

 
—

Redemption of preferred stock
 
(1,696
)
 
(1,258
)
 
—

Treasury stock repurchased
 
(19,983
)
 
(15,410
)
 
(9,082
)
Dividends paid
 
(10,109
)
 
(8,993
)
 
(8,476
)
All other financing activities, net
 
(1,526
)
 
(1,361
)
 
(905
)
Net cash used in financing activities
 
(30,680
)
 
(16,340
)
 
(3,197
)
Net decrease in cash and due from banks and deposits with banking subsidiaries
 
(131
)
 
(62
)
 
(60,310
)
Cash and due from banks and deposits with banking subsidiaries at the beginning of the year
 
5,501

 
5,563

 
65,873

Cash and due from banks and deposits with banking subsidiaries at the end of the year
 
$
5,370

 
$
5,501

 
$
5,563

Cash interest paid
 
$
6,911

 
$
5,426

 
$
4,550

Cash income taxes paid, net(e)
 
1,782

 
1,775

 
1,053

(a)
In 2016, in connection with the Firm’s 2016 Resolution Submission, the Parent Company established the IHC, and contributed substantially all of its direct subsidiaries (totaling $55.4 billion) other than JPMorgan Chase Bank, N.A., as well as most of its other assets (totaling $160.5 billion) and intercompany indebtedness to the IHC. Total noncash assets contributed were $62.3 billion. In 2017, the Parent Company transferred $16.2 billion of noncash assets to the IHC to complete the contributions to the IHC.
(b)
Affiliates include trusts that issued guaranteed capital debt securities (“issuer trusts”). For further discussion on these issuer trusts, refer to Note 19.
(c)
At December 31, 2018, long-term debt that contractually matures in 2019 through 2023 totaled 13.1 billion, $22.1 billion, $20.3 billion, $12.8 billion, and $16.2 billion, respectively.
(d)
For information regarding the Parent Company’s guarantees of its subsidiaries’ obligations, refer to Notes 19 and 27.
(e)
Represents payments, net of refunds, made by the Parent Company to various taxing authorities and includes taxes paid on behalf of certain of its subsidiaries that are subsequently reimbursed. The reimbursements were $1.2 billion, $4.1 billion, and $3.0 billion for the years ended December 31, 2018, 2017, and 2016, respectively.