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Financial Statements of HSBC USA Inc. (Parent) Balance Sheet (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Investment in subsidiaries:      
Other assets [1] $ 6,490 $ 6,754  
Total assets 168,238 [1] 164,655 [1] $ 189,232
Liabilities:      
Interest, taxes and other liabilities (includes $10 million and $325 million designated under fair value option at December 31, 2023 and 2022, respectively) [1] 3,256 2,980  
Total liabilities [1] 156,599 152,542  
Total equity 11,639 12,113 $ 17,040
Total liabilities and equity 168,238 164,655  
HSBC USA      
Assets:      
Securities held-to-maturity (fair value of $1 million at both December 31, 2023 and 2022) 1 1  
Receivables and balances due from subsidiaries 14,437 13,605  
Receivables and balances due from other HSBC affiliates 2,663 3,519  
Investment in subsidiaries:      
Banking 15,527 15,941  
Other 99 62  
Other assets 257 175  
Total assets 32,984 33,303  
Liabilities:      
Interest, taxes and other liabilities (includes $10 million and $325 million designated under fair value option at December 31, 2023 and 2022, respectively) 83 58  
Payables due to subsidiaries 7 23  
Payables due to other HSBC affiliates 76 44  
Short-term borrowings 5,440 4,818  
Short-term borrowings due to subsidiaries 0 1,500  
Long-term debt 9,240 8,748  
Long-term debt due to other HSBC affiliates 6,499 5,999  
Total liabilities 21,345 21,190  
Total equity 11,639 12,113  
Total liabilities and equity $ 32,984 $ 33,303  
[1] The following table summarizes assets and liabilities related to our consolidated variable interest entities ("VIEs") at December 31, 2023 and 2022. Assets and liabilities exclude intercompany balances that eliminate in consolidation. See Note 27, "Variable Interest Entities," for additional information.
At December 31,20232022
(in millions)
Assets
Loans, net$ $162 
Other assets23 44 
Total assets$23 $206 
Liabilities
Interest, taxes and other liabilities$17 $22 
Total liabilities$17 $22