CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions		Dec. 31, 2018		Dec. 31, 2017
Assets:
Cash and due from banks		$ 1,514		$ 1,115
Interest bearing deposits with banks		15,700		11,157
Federal funds sold and securities purchased under agreements to resell (includes nil and $80 million designated under fair value option at December 31, 2018 and 2017, respectively)		10,168		32,618
Trading assets (includes $2.5 billion and $3.2 billion of assets pledged to creditors at December 31, 2018 and 2017, respectively)		21,978		16,150
Securities available-for-sale (includes $822 million and $524 million of assets pledged to creditors at December 31, 2018 and 2017, respectively)		31,379		30,700
Securities held-to-maturity (fair value of $14.4 billion and $13.9 billion at December 31, 2018 and 2017, respectively)		14,670		13,977
Loans		68,978		72,563
Less – allowance for credit losses		541		681
Loans, net		68,437	[1]	71,882
Loans held for sale (includes $109 million and $471 million designated under fair value option at December 31, 2018 and 2017, respectively)		512		715
Properties and equipment, net		158		185
Goodwill		1,607		1,607
Other assets		6,325		7,129
Total assets	[2]	172,448		187,235
Domestic deposits:
Noninterest bearing		25,639		28,153
Interest bearing (includes $8.2 billion and $7.7 billion designated under fair value option at December 31, 2018 and 2017, respectively)		78,830		84,223
Foreign deposits:
Noninterest bearing		202		322
Interest bearing		6,274		5,331
Deposits held for sale		10		673
Total deposits		110,955	[1]	118,702
Short-term borrowings (includes $560 million and $2.0 billion designated under fair value option at December 31, 2018 and 2017, respectively)		4,180		4,650
Long-term debt (includes $11.2 billion and $12.9 billion designated under fair value option at December 31, 2018 and 2017, respectively)		30,628		34,966
Total debt		145,763		158,318
Trading liabilities		3,643		4,879
Interest, taxes and other liabilities		2,536		3,944
Total liabilities	[2]	151,942		167,141
Equity
Preferred stock (no par value; 40,999,000 shares authorized; 1,265 shares issued and outstanding at both December 31, 2018 and 2017)		1,265		1,265
Common equity:
Common stock ($5 par; 150,000,000 shares authorized; 714 shares issued and outstanding at both December 31, 2018 and 2017)		0		0
Additional paid-in capital		18,136		18,130
Retained earnings		1,471		1,130
Accumulated other comprehensive loss		(366)		(431)
Total common equity		19,241		18,829
Total equity		20,506		20,094
Total liabilities and equity		$ 172,448		$ 187,235

[1] In addition to the changes discussed above, in conjunction with HSBC's adoption of the requirements of IFRS 9 HUSI also adopted changes in presentation under the Group Reporting Basis related to affiliate loans and deposits as well as cash collateral posted and received. Beginning January 1, 2018, affiliate loans have been reclassified from other assets to loans, affiliate deposits have been reclassified from other liabilities to deposits, cash collateral posted has been reclassified from loans to other assets and cash collateral received has been reclassified from deposits to other liabilities. As a result of these changes, total loans, net and total deposits in the GB&M segment decreased $0.1 billion and increased $8.3 billion, respectively, and total loans, net and total deposits in the CC segment decreased $2.2 billion and increased $0.3 billion, respectively, at December 31, 2018.

[2] The following table summarizes assets and liabilities related to our consolidated variable interest entities ("VIEs") at December 31, 2018 and December 31, 2017 which are consolidated on our balance sheet. Assets and liabilities exclude intercompany balances that eliminate in consolidation. See Note 25, "Variable Interest Entities," for additional information. Assets: Other assets $112 million and $154 million. Total assets $112 million and $154 million respectively. Liabilities: Long-term debt $66 million and $73 million, Interest, taxes and other liabilities $37 million and $59 million. Total liabilities $103 million and $132 million, respectively.