Pension and Other Postretirement Employee Benefit Plans (Tables)

3 Months Ended

Mar. 31, 2019

Retirement Benefits [Abstract]

Components of net periodic benefit costs reported in the Consolidated Statements of Income

The following table presents the components of net periodic benefit costs reported in the Consolidated statements of income for the Firm’s U.S. and non-U.S. defined benefit pension, defined contribution and OPEB plans.

(in millions)	Three months ended March 31,
	2019			2018			2019			2018
	Pension plans						OPEB plans
Components of net periodic benefit cost
Benefits earned during the period	$	89		$	90		$	—		$	—
Interest cost on benefit obligations	150			139			6			6
Expected return on plan assets	(230		)	(248		)	(28		)	(26		)
Amortization:
Net (gain)/loss	42			26			—			—
Prior service (credit)/cost	1			(6		)	—			—
Net periodic defined benefit cost	52			1			(22		)	(20		)
Other defined benefit pension plans(a)	6			6			NA			NA
Total defined benefit plans	58			7			(22		)	(20		)
Total defined contribution plans	220			210			NA			NA
Total pension and OPEB cost included in noninterest expense	$	278		$	217		$	(22	)	$	(20	)

(a)

Includes various defined benefit pension plans which are individually immaterial.

Schedule of Fair Values of Plan Assets

The following table presents the fair values of plan assets for the U.S. defined benefit pension and OPEB plans and for the material non-U.S. defined benefit pension plans.

(in billions)	March 31, 2019		December 31, 2018
Fair value of plan assets
Defined benefit pension plans	$	19.2	$	18.1
OPEB plans	2.8		2.6