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Business Segments (Tables)
12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Summary on Reconciliation of Results under Group Reporting Basis to US GAAP The following table summarizes the impact of this change on reported segment net interest income (expense) and other operating income (expense) for the years ended December 31, 2022 and 2021:
Year Ended
December 31, 2022
Year Ended
December 31, 2021
As Previously ReportedAfter Reporting ChangesAs Previously ReportedAfter Reporting Changes
(in millions)
Segment net interest income (expense):
MSS$(108)$41 $47 $31 
CC(29)(178)(6)10 
Total HUSI Consolidated2,060 2,060 1,904 1,904 
Segment other operating income (expense):
MSS$567 $418 $318 $334 
CC33 182 (13)
Total HUSI Consolidated1,610 1,610 1,430 1,430 
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
WPBCMBGBMSSGBM OtherCCTotal
Group Reporting Basis
Adjust-
ments(1)
Group Reporting Basis
Reclassi-
fications(2)
U.S. GAAP
Consolidated
Totals
 (in millions)
Year Ended December 31, 2023
Net interest income (expense)$757 $1,144 $497 $44 $(14)$(506)$1,922 $9 $(226)$1,705 
Other operating income (expense)118 184 282 336 (24)503 1,399 (25)278 1,652 
Total operating income (expense)875 1,328 779 380 (38)(3)3,321 (16)52 3,357 
Expected credit losses / provision for credit losses3 63 29  (1) 94 (49) 45 
872 1,265 750 380 (37)(3)3,227 33 52 3,312 
Operating expenses602 675 574 280 74 364 2,569 203 52 2,824 
Profit (loss) before income tax$270 $590 $176 $100 $(111)$(367)$658 $(170)$ $488 
Balances at end of period:
Total assets$44,031 $52,484 $10,231 $38,811 $37,158 $2,863 $185,578 $(17,340)$ $168,238 
Total loans, net23,894 23,076 9,796 64 130  56,960 (1,056)2,492 58,396 
Goodwill 358     358 100  458 
Total deposits29,611 43,667 40,166 767 2,681  116,892 (1,799)6,190 121,283 
Year Ended December 31, 2022
Net interest income (expense)$782 $941 $467 $41 $$(178)$2,060 $$$2,069 
Other operating income298 287 339 418 86 182 1,610 (56)41 1,595 
Total operating income1,080 1,228 806 459 93 3,670 (52)46 3,664 
Expected credit losses / provision for credit losses(35)22 31 — — 20 134 — 154 
1,115 1,206 775 459 91 3,650 (186)46 3,510 
Operating expenses863 586 483 286 111 396 2,725 14 46 2,785 
Profit (loss) before income tax$252 $620 $292 $173 $(20)$(392)$925 $(200)$— $725 
Balances at end of period:
Total assets$42,141 $49,020 $10,102 $43,410 $37,170 $2,628 $184,471 $(19,816)$— $164,655 
Total loans, net22,647 24,565 9,498 203 278 — 57,191 (1,059)2,664 58,796 
Goodwill— 358 — — — — 358 100 — 458 
Total deposits32,542 41,268 40,865 1,131 1,627 — 117,433 (2,665)8,455 123,223 
Year Ended December 31, 2021
Net interest income (expense)$801 $771 $315 $31 $(24)$10 $1,904 $19 $160 $2,083 
Other operating income (expense)303 297 409 334 100 (13)1,430 (51)(142)1,237 
Total operating income (expense)1,104 1,068 724 365 76 (3)3,334 (32)18 3,320 
Expected credit losses / provision for credit losses(21)(26)(157)— (1)— (205)(365)— (570)
1,125 1,094 881 365 77 (3)3,539 333 18 3,890 
Operating expenses1,221 581 407 275 98 316 2,898 62 18 2,978 
Profit (loss) before income tax$(96)$513 $474 $90 $(21)$(319)$641 $271 $— $912 
Balances at end of period:
Total assets$62,904 $43,052 $10,486 $43,007 $44,151 $1,746 $205,346 $(16,114)$— $189,232 
Total loans, net22,285 21,971 9,930 178 881 — 55,245 (1,991)2,163 55,417 
Goodwill— 358 — — — — 358 100 — 458 
Total deposits40,232 45,082 41,343 1,298 981 — 128,936 (2,889)16,985 143,032 
(1)Represents adjustments associated with differences between U.S. GAAP and the Group Reporting Basis. These adjustments, which are more fully described above, consist of the following:
Net
Interest
Income
Other
Revenues
Provision
for Credit
Losses
Operating
Expenses
Profit Before 
Income Tax
Total
Assets
(in millions)
December 31, 2023
Deposit incentives$6 $ $ $ $6 $2 
Derivatives     (17,485)
Expected credit losses  (45) 45 (224)
Gain on transfer of precious metals trading client relationships to an affiliate (10)  (10) 
Goodwill     100 
Leases5   8 (3)8 
Loan origination(7)  (10)3 24 
Loans held for sale4 (3)(4) 5 26 
Other long-lived assets   202 (202)(15)
Renewable energy tax credit investments (12)  (12) 
Other1   3 (2)(17)
Total adjustments$9 $(25)$(49)$203 $(170)$(17,581)
December 31, 2022
Deposit incentives$$— $— $$$
Derivatives— — — — — (19,842)
Expected credit losses— — 153 — (153)(258)
Goodwill— — — — — 100 
Leases— — (4)10 
Loan origination(14)— — (12)(2)22 
Loans held for sale(40)(19)(25)35 
Other long-lived assets— — — (8)131 
Pension and other postretirement benefit costs— — — (6)— 
Renewable energy tax credit investments— (25)— — (25)— 
Other— (17)
Total adjustments$$(56)$134 $14 $(200)$(19,816)
December 31, 2021
Deposit incentives$13 $— $— $$$(25)
Derivatives— — — — — (16,172)
Expected credit losses— — (272)— 272 (148)
Goodwill— — — — — 100 
Leases16 — — 22 (6)13 
Loan origination(11)— — (20)23 
Loans held for sale— (31)(93)— 62 (31)
Other long-lived assets— — — 61 (61)152 
Pension and other postretirement benefit costs— — — (10)10 — 
Renewable energy tax credit investments— (21)— — (21)
Other— — (29)
Total adjustments$19 $(51)$(365)$62 $271 $(16,114)
(2)Represents differences in financial statement presentation between U.S. GAAP and the Group Reporting Basis.