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FAIR VALUE ELECTIONS (Tables)
 6 Months Ended
Jun. 30, 2023
Fair Value, Option, Aggregate Differences [Abstract]  
Schedule of financial instruments selected for changes in fair value gains and losses
The following table presents the changes in fair value of those items for which the fair value option has been elected:

Changes in fair value—gains (losses)
 
Three Months Ended June 30,
Six Months Ended June 30,
In millions of dollars2023202220232022
Assets  
Securities borrowed and purchased under agreements to resell$(95)$(21)$(10)$(83)
Trading account assets18 (177)79 (238)
Loans
Certain corporate loans635 (1,523)326 (1,855)
Certain consumer loans(4)— 1 (1)
Total loans$631 $(1,523)$327 $(1,856)
Other assets 
MSRs$22 $60 $19 $158 
Certain mortgage loans HFS(1)
(18)(144)(10)(330)
Total other assets$4 $(84)$9 $(172)
Total assets$558 $(1,805)$405 $(2,349)
Liabilities 
Interest-bearing deposits$82 $(168)$(52)$(123)
Securities loaned and sold under agreements to repurchase49 19 (19)96 
Trading account liabilities77 191 152 (449)
Short-term borrowings(2)
230 1,064 88 1,196 
Long-term debt(2)
(2,147)9,642 (6,496)15,713 
Total liabilities$(1,709)$10,748 $(6,327)$16,433 

(1)Includes gains (losses) associated with interest rate lock commitments for originated loans for which the Company has elected the fair value option.
(2)Includes DVA that is included in AOCI. See Notes 18 and 22.
Schedule of fair value of loans and other disclosures for certain credit related products
The following table provides information about certain credit products carried at fair value:

 June 30, 2023December 31, 2022
In millions of dollarsTrading assetsLoansTrading assetsLoans
Carrying amount reported on the Consolidated Balance Sheet$4,482 $5,766 $6,011 $5,360 
Aggregate unpaid principal balance in excess of (less than) fair value161 156 167 51 
Balance of non-accrual loans or loans more than 90 days past due— 2 — 2 
Aggregate unpaid principal balance in excess of (less than) fair value for non-accrual loans or loans more than 90 days past due— 1 — — 
Schedule of fair value of loans and other disclosures for certain mortgage loans
The following table provides information about certain mortgage loans HFS carried at fair value:

In millions of dollarsJune 30,
2023		December 31, 2022
Carrying amount reported on the Consolidated Balance Sheet$1,069 $793 
Aggregate fair value in excess of (less than) unpaid principal balance(7)(10)
Balance of non-accrual loans or loans more than 90 days past due3 1 
Aggregate unpaid principal balance in excess of fair value for non-accrual loans
or loans more than 90 days past due		— — 
Schedule of carrying value of structured notes, disaggregated by type of embedded derivative instrument
The following table provides information about the carrying value of notes carried at fair value, disaggregated by type of risk:

In billions of dollarsJune 30, 2023December 31, 2022
Interest rate linked$57.3 $53.4 
Foreign exchange linked0.1 0.1 
Equity linked48.9 42.5 
Commodity linked4.8 5.0 
Credit linked4.8 5.0 
Total$115.9 $106.0 
Schedule of long-term debt carried at fair value, excluding debt issued by consolidated VIEs
The following table provides information about long-term debt carried at fair value:

In millions of dollarsJune 30, 2023December 31, 2022
Carrying amount reported on the Consolidated Balance Sheet$115,937 $105,995 
Aggregate unpaid principal balance in excess of (less than) fair value(1,922)(2,944)
Schedule of short-term borrowings carried at fair value
The following table provides information about short-term borrowings carried at fair value:

In millions of dollarsJune 30, 2023December 31, 2022
Carrying amount reported on the Consolidated Balance Sheet$5,622 $6,222 
Aggregate unpaid principal balance in excess of (less than) fair value(14)(9)