Business Segments (Tables)

3 Months Ended

Mar. 31, 2022

Summary of Impacts of Changes to Internal Management Reporting

The following table summarizes the impact of this change on reported segment profit (loss) before tax, total assets and total deposits as of and for the three months ended March 31, 2021:

As Previously Reported

After Reporting Changes

(in millions)

Segment profit (loss) before tax during the three months ended March 31, 2021:

GBM

191

NSR

144

MSS

NSR

GBM Other

NSR

(1)

Segment total assets at March 31, 2021:

GBM

110,524

NSR

11,284

MSS

NSR

55,433

GBM Other(1)

NSR

43,807

Segment total deposits at March 31, 2021:

GBM

48,687

NSR

44,768

MSS

NSR

2,220

GBM Other

NSR

1,699

NSR Not Separately Reported

(1)Includes assets allocated from Markets Treasury.

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
					GBM
	WPB		CMB		GB		MSS		GBM Other		CC		Total		Group Reporting Basis Adjust- ments(1)		Group Reporting Basis Reclassi- fications(2)		U.S. GAAP Consolidated Totals
	(in millions)


















Three Months Ended March 31, 2022
Net interest income (expense)	$	169	$	185	$	78	$	16	$	(2)	$	(1)	$	445	$	1	$	31	$	477
Other operating income	163		83		124		142		24		(8)		528		(20)		(22)		486
Total operating income (expense)	332		268		202		158		22		(9)		973		(19)		9		963
Expected credit losses / provision for credit losses	4		(27)		(2)		—		—		—		(25)		36		—		11
	328		295		204		158		22		(9)		998		(55)		9		952
Operating expenses	242		147		117		69		24		66		665		12		9		686
Profit (loss) before income tax	$	86	$	148	$	87	$	89	$	(2)	$	(75)	$	333	$	(67)	$	—	$	266
Balances at end of period:
Total assets	$	46,143	$	52,519	$	10,988	$	39,648	$	44,165	$	2,030	$	195,493	$	(18,477)	$	—	$	177,016
Total loans, net	21,675		23,484		10,533		194		1,219		—		57,105		(1,566)		2,604		58,143
Goodwill	—		358		—		—		—		—		358		100		—		458
Total deposits	40,217		40,746		43,355		1,358		743		—		126,419		(2,821)		7,577		131,175

Three Months Ended March 31, 2021
Net interest income (expense)	$	209	$	190	$	83	$	13	$	(1)	$	(1)	$	493	$	4	$	34	$	531
Other operating income	87		66		105		116		25		11		410		5		(31)		384
Total operating income	296		256		188		129		24		10		903		9		3		915
Expected credit losses / provision for credit losses	(2)		(38)		(50)		—		(1)		—		(91)		(136)		—		(227)
	298		294		238		129		25		10		994		145		3		1,142
Operating expenses	287		150		94		81		26		31		669		10		3		682
Profit (loss) before income tax	$	11	$	144	$	144	$	48	$	(1)	$	(21)	$	325	$	135	$	—	$	460
Balances at end of period:
Total assets	$	63,747	$	44,170	$	11,284	$	55,433	$	43,807	$	1,508	$	219,949	$	(25,093)	$	—	$	194,856
Total loans, net	24,513		22,785		10,869		149		658		—		58,974		(1,367)		3,066		60,673
Goodwill	—		358		—		—		—		—		358		100		—		458
Total deposits	49,578		42,874		44,768		2,220		1,699		—		141,139		(4,472)		11,915		148,582

(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.