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Derivative Financial Instruments and Hedging Activities (Tables)
 6 Months Ended
Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]
The gains/(losses), by hedge designation, reported in income for the periods ended June 30 were as follows (in millions):
Second QuarterFirst Half
2023202420232024
Fair value hedges
Interest rate contracts
Net interest settlements and accruals on hedging instruments$(130)$(106)$(270)$(202)
Fair value changes on hedging instruments(316)(26)(66)(269)
Fair value changes on hedged debt 292 17 13 237 
Cross-currency interest rate swap contracts
Net interest settlements and accruals on hedging instruments(19)(35)(33)(64)
Fair value changes on hedging instruments(24)(47)(2)(111)
Fair value changes on hedged debt22 40 3 102 
Derivatives not designated as hedging instruments
Interest rate contracts109 3 97 51 
Foreign currency exchange contracts (a)(7)45 (29)137 
Cross-currency interest rate swap contracts(60)(30)25 (196)
Total$(133)$(139)$(262)$(315)
__________
(a)Reflects forward contracts between us and an affiliated company.
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
The fair value of our derivative instruments and the associated notional amounts were as follows (in millions):
December 31, 2023June 30, 2024
NotionalFair Value of AssetsFair Value of LiabilitiesNotionalFair Value of AssetsFair Value of Liabilities
Fair value hedges
Interest rate contracts$12,119 $106 $633 $17,311 $81 $807 
Cross-currency interest rate swap contracts2,078 69 104 3,802 16 139 
Derivatives not designated as hedging instruments
Interest rate contracts73,134 465 1,036 72,746 397 860 
Foreign currency exchange contracts (a)10,276 59 116 12,280 113 37 
Cross-currency interest rate swap contracts7,100 119 252 5,301 82 234 
Total derivative financial instruments, gross (b) (c) $104,707 $818 $2,141 $111,440 $689 $2,077 
__________
(a)Includes forward contracts between us and an affiliated company, including offsetting forward contracts with our consolidated entities, totaling $8.4 billion in notional amounts and $36 million in both assets and liabilities at June 30, 2024.
(b)At December 31, 2023 and June 30, 2024, we held collateral of $40 million and $22 million, respectively, and we posted collateral of $126 million and $119 million, respectively.
(c)At December 31, 2023 and June 30, 2024, the fair value of assets and liabilities available for counterparty netting was $516 million and $355 million, respectively. All derivatives are categorized within Level 2 of the fair value hierarchy.