Business Segments (Tables)

3 Months Ended

Mar. 31, 2021

Summary of Impacts of Changes to Internal Management Reporting

The following tables summarize the impact of these changes on reported segment profit (loss) before tax, total assets and total deposits as of and for the three months ended March 31, 2020:



	As Previously Reported		After Reporting Changes
	(in millions)
Segment profit (loss) before tax during the three months ended March 31, 2020:
RBWM	$	(546)	NR
WPB	NR		$	(869)
CMB	(3)		(2)
GBM	43		45
PB	(323)		NR
CC	(169)		(172)









Segment total assets at March 31, 2020:
RBWM	$	18,954	NR
WPB	NR		$	58,246
CMB	31,540		42,882
GBM	114,802		165,838
PB	7,159		NR
CC	97,154		2,643

Segment total deposits at March 31, 2020:
RBWM	$	39,083	NR
WPB	NR		$	48,800
CMB	32,309		32,844
GBM	40,417		42,671
PB	8,201		NR
CC	4,305		—

NR Not Reported

Summary on Reconciliation of Results under Group Reporting Basis to US GAAP

The following table summarizes the results for each segment on a Group Reporting Basis, as well as provides a reconciliation of total results under the Group Reporting Basis to U.S. GAAP consolidated totals:


	Group Reporting Basis Consolidated Amounts
	WPB		CMB		GBM		CC		Total		Group Reporting Basis Adjustments(1)		Group Reporting Basis Reclassi- fications(2)		U.S. GAAP Consolidated Totals
	(in millions)


















Three Months Ended March 31, 2021
Net interest income (expense)	$	209	$	190	$	95	$	(1)	$	493	$	4	$	34	$	531
Other operating income	87		66		246		11		410		5		(31)		384
Total operating income	296		256		341		10		903		9		3		915
Expected credit losses / provision for credit losses	(2)		(38)		(51)		—		(91)		(136)		—		(227)
	298		294		392		10		994		145		3		1,142
Operating expenses	287		150		201		31		669		10		3		682
Profit (loss) before income tax	$	11	$	144	$	191	$	(21)	$	325	$	135	$	—	$	460
Balances at end of period:
Total assets	$	63,747	$	44,170	$	110,524	$	1,508	$	219,949	$	(25,093)	$	—	$	194,856
Total loans, net	24,513		22,785		11,676		—		58,974		(1,367)		3,066		60,673
Goodwill	—		358		—		—		358		100		—		458
Total deposits	49,578		42,874		48,687		—		141,139		(4,472)		11,915		148,582

Three Months Ended March 31, 2020
Net interest income (expense)	$	232	$	210	$	90	$	(13)	$	519	$	3	$	(18)	$	504
Other operating income (expense)	74		58		263		(24)		371		(4)		20		387
Total operating income (expense)	306		268		353		(37)		890		(1)		2		891
Expected credit losses / provision for credit losses	140		123		116		—		379		347		—		726
	166		145		237		(37)		511		(348)		2		165
Operating expenses	1,035		147		192		135		1,509		94		2		1,605
Profit (loss) before income tax	$	(869)	$	(2)	$	45	$	(172)	$	(998)	$	(442)	$	—	$	(1,440)
Balances at end of period:
Total assets	$	58,246	$	42,882	$	165,838	$	2,643	$	269,609	$	(64,532)	$	—	$	205,077
Total loans, net	24,478		30,615		23,562		—		78,655		(4,596)		6,738		80,797
Goodwill	—		358		—		—		358		100		—		458
Total deposits	48,800		32,844		42,671		—		124,315		(7,066)		19,474		136,723

(1)Represents adjustments associated with differences between U.S. GAAP and the Group Reporting Basis.

(2)Represents differences in financial statement presentation between U.S. GAAP and the Group Reporting Basis.