Business Segments (Tables)

6 Months Ended

Jun. 30, 2023

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 June 30, 2023
Net interest income (expense)	$	194	$	288	$	123	$	15	$	(12)	$	(106)	$	502	$	2	$	(70)	$	434
Other operating income	52		79		92		50		25		106		404		(42)		86		448
Total operating income	246		367		215		65		13		—		906		(40)		16		882
Expected credit losses / provision for credit losses	(8)		14		27		—		—		—		33		3		—		36
	254		353		188		65		13		—		873		(43)		16		846
Operating expenses	51		159		141		71		14		36		472		159		16		647
Profit (loss) before income tax	$	203	$	194	$	47	$	(6)	$	(1)	$	(36)	$	401	$	(202)	$	—	$	199

Three Months Ended June 30, 2022
Net interest income (expense)	$	185	$	220	$	106	$	8	$	1	$	(20)	$	500	$	—	$	32	$	532
Other operating income	32		73		130		92		26		24		377		(11)		(23)		343
Total operating income	217		293		236		100		27		4		877		(11)		9		875
Expected credit losses / provision for credit losses	(6)		54		(3)		—		1		—		46		23		—		69
	223		239		239		100		26		4		831		(34)		9		806
Operating expenses	197		143		115		80		21		115		671		13		9		693
Profit (loss) before income tax	$	26	$	96	$	124	$	20	$	5	$	(111)	$	160	$	(47)	$	—	$	113


	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)
Six Months Ended June 30, 2023
Net interest income (expense)	$	407	$	573	$	262	$	28	$	(12)	$	(213)	$	1,045	$	3	$	(131)	$	917
Other operating income	104		151		146		146		46		197		790		(49)		160		901
Total operating income (expense)	511		724		408		174		34		(16)		1,835		(46)		29		1,818
Expected credit losses / provision for credit losses	2		30		30		—		—		—		62		(6)		—		56
	509		694		378		174		34		(16)		1,773		(40)		29		1,762
Operating expenses	226		309		276		140		32		68		1,051		196		29		1,276
Profit (loss) before income tax	$	283	$	385	$	102	$	34	$	2	$	(84)	$	722	$	(236)	$	—	$	486
Balances at end of period:
Total assets	$	42,727	$	53,983	$	9,898	$	38,003	$	37,603	$	3,115	$	185,329	$	(18,401)	$	—	$	166,928
Total loans, net	22,654		23,739		9,234		215		305		—		56,147		(144)		1,337		57,340
Goodwill	—		358		—		—		—		—		358		100		—		458
Total deposits	30,085		45,836		38,689		862		2,633		—		118,105		(2,575)		6,106		121,636

Six Months Ended June 30, 2022
Net interest income (expense)	$	354	$	405	$	184	$	17	$	(1)	$	(14)	$	945	$	1	$	63	$	1,009
Other operating income	195		156		254		241		50		9		905		(31)		(45)		829
Total operating income (expense)	549		561		438		258		49		(5)		1,850		(30)		18		1,838
Expected credit losses / provision for credit losses	(2)		27		(5)		—		1		—		21		59		—		80
	551		534		443		258		48		(5)		1,829		(89)		18		1,758
Operating expenses	439		290		232		149		45		181		1,336		25		18		1,379
Profit (loss) before income tax	$	112	$	244	$	211	$	109	$	3	$	(186)	$	493	$	(114)	$	—	$	379
Balances at end of period:
Total assets	$	43,510	$	52,351	$	12,385	$	40,413	$	41,225	$	2,314	$	192,198	$	(20,966)	$	—	$	171,232
Total loans, net	21,994		25,454		11,780		131		528		—		59,887		(890)		2,267		61,264
Goodwill	—		358		—		—		—		—		358		100		—		458
Total deposits	37,395		40,170		41,995		1,193		1,409		—		122,162		(3,434)		8,535		127,263

(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.