Offsetting Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2021

Schedule of gross and net information about assets subject to master netting arrangements


	September 30, 2021
	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Consolidated Balance Sheets		Amounts of Assets Presented in the Consolidated Balance Sheets		Gross Amounts Not Offset in the Consolidated Balance Sheets						Net Amount
							Financial Instruments (1)		Cash Collateral		Securities Collateral
	(in millions)
Derivatives:
OTC	$	5,310	$	—	$	5,310	$	(3,479)	$	(1,369)	$	(404)	$	58
OTC cleared	25		—		25		(15)		—		—		10
Exchange-traded	352		—		352		(110)		(213)		—		29
Total derivatives	5,687		—		5,687		(3,604)		(1,582)		(404)		97
Securities borrowed	63		—		63		(16)		—		(45)		2
Total	$	5,750	$	—	$	5,750	$	(3,620)	$	(1,582)	$	(449)	$	99


	December 31, 2020
	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Consolidated Balance Sheets		Amounts of Assets Presented in the Consolidated Balance Sheets		Gross Amounts Not Offset in the Consolidated Balance Sheets						Net Amount
							Financial Instruments (1)		Cash Collateral		Securities Collateral
	(in millions)
Derivatives:
OTC	$	5,501	$	—	$	5,501	$	(3,862)	$	(1,287)	$	(315)	$	37
OTC cleared	58		—		58		(25)		—		—		33
Exchange-traded	311		—		311		(91)		(165)		—		55
Total derivatives	5,870		—		5,870		(3,978)		(1,452)		(315)		125
Securities borrowed	147		—		147		(43)		—		(103)		1
Total	$	6,017	$	—	$	6,017	$	(4,021)	$	(1,452)	$	(418)	$	126

(1) Represents the amount of assets that could be offset by liabilities with the same counterparty under master netting or similar arrangements that management elects not to offset on the Consolidated Balance Sheets.

Schedule of gross and net information about liabilities subject to master netting arrangements


	September 30, 2021
	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Consolidated Balance Sheets		Amounts of Liabilities Presented in the Consolidated Balance Sheets		Gross Amounts Not Offset in the Consolidated Balance Sheets						Net Amount
							Financial Instruments (1)		Cash Collateral		Securities Collateral
	(in millions)
Derivatives:
OTC	$	3,987	$	—	$	3,987	$	(3,479)	$	(195)	$	(293)	$	20
OTC cleared	15		—		15		(15)		—		—		—
Exchange-traded	112		—		112		(110)		—		—		2
Total derivatives	4,114		—		4,114		(3,604)		(195)		(293)		22
Securities loaned	111		—		111		(16)		—		(91)		4
Total	$	4,225	$	—	$	4,225	$	(3,620)	$	(195)	$	(384)	$	26


	December 31, 2020
	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Consolidated Balance Sheets		Amounts of Liabilities Presented in the Consolidated Balance Sheets		Gross Amounts Not Offset in the Consolidated Balance Sheets						Net Amount
							Financial Instruments (1)		Cash Collateral		Securities Collateral
	(in millions)
Derivatives:
OTC	$	4,192	$	—	$	4,192	$	(3,862)	$	(1)	$	(327)	$	2
OTC cleared	25		—		25		(25)		—		—		—
Exchange-traded	95		—		95		(91)		—		—		4
Total derivatives	4,312		—		4,312		(3,978)		(1)		(327)		6
Securities loaned	205		—		205		(43)		—		(157)		5
Total	$	4,517	$	—	$	4,517	$	(4,021)	$	(1)	$	(484)	$	11

(1) Represents the amount of liabilities that could be offset by assets with the same counterparty under master netting or similar arrangements that management elects not to offset on the Consolidated Balance Sheets.