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Derivatives and Hedging Activities - Effect of Fair Value and Cash Flow Hedges on Income (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Derivative Instruments, Gain (Loss) [Line Items]        
Interest expense — Long-term debt $ (54) $ (71) $ (114) $ (161)
Interest income — Loans 888 980 1,777 2,006
Interest Income - securities 133 121 263 250
Investment banking and debt placement fees 217 156 379 272
Deposits (16) (96) (37) (265)
Other income [1] 13 33 64 (55)
Net gain (loss) on cash flow hedging relationships        
Net Gains (Losses) Reclassified From OCI Into Income 83 (89) 172 122
Interest rate | Interest expense – long-term debt | Fair Value Hedging        
Net gains (losses) on fair value hedging relationships        
Recognized on hedged items (31) (5) 173 (299)
Recognized on derivatives designated as hedging instruments 62 39 (104) 350
Net income (expense) recognized on fair value hedges 31 34 69 51
Interest rate | Interest expense – long-term debt | Cash Flow Hedging        
Net gain (loss) on cash flow hedging relationships        
Realized gains (losses) (pre-tax) reclassified from AOCI into net income (1) (1) (2) (2)
Net income (expense) recognized on cash flow hedges (1) (1) (2)  
Interest rate | Interest income – loans | Fair Value Hedging        
Net gains (losses) on fair value hedging relationships        
Recognized on hedged items 0 0 0 0
Recognized on derivatives designated as hedging instruments 0 0 0 0
Net income (expense) recognized on fair value hedges 0 0 0 0
Interest rate | Interest income – loans | Cash Flow Hedging        
Net gain (loss) on cash flow hedging relationships        
Realized gains (losses) (pre-tax) reclassified from AOCI into net income 85 90 173 124
Net Gains (Losses) Reclassified From OCI Into Income 85 90 173 124
Net income (expense) recognized on cash flow hedges 85 90 173  
Interest rate | Interest Income - securities | Fair Value Hedging        
Net gains (losses) on fair value hedging relationships        
Recognized on hedged items 158 0 (107) 0
Recognized on derivatives designated as hedging instruments (159) 0 108 0
Net income (expense) recognized on fair value hedges (1) 0 1 0
Interest rate | Interest Income - securities | Cash Flow Hedging        
Net gain (loss) on cash flow hedging relationships        
Realized gains (losses) (pre-tax) reclassified from AOCI into net income 0 0 0 0
Net income (expense) recognized on cash flow hedges 0 0 0  
Interest rate | Investment banking and debt placement fees | Fair Value Hedging        
Net gains (losses) on fair value hedging relationships        
Recognized on hedged items 0 0 0 0
Recognized on derivatives designated as hedging instruments 0 0 0 0
Net income (expense) recognized on fair value hedges 0 0 0 0
Interest rate | Investment banking and debt placement fees | Cash Flow Hedging        
Net gain (loss) on cash flow hedging relationships        
Realized gains (losses) (pre-tax) reclassified from AOCI into net income       0
Net income (expense) recognized on cash flow hedges (1) 0 1  
Interest rate | Interest expense - deposits | Fair Value Hedging        
Net gains (losses) on fair value hedging relationships        
Recognized on hedged items   0 0 0
Recognized on derivatives designated as hedging instruments   0 0 0
Net income (expense) recognized on fair value hedges   0 0 0
Interest rate | Interest expense - deposits | Cash Flow Hedging        
Net gain (loss) on cash flow hedging relationships        
Realized gains (losses) (pre-tax) reclassified from AOCI into net income 0 0 0 0
Net income (expense) recognized on cash flow hedges 0 0 0  
Interest rate | Other income | Fair Value Hedging        
Net gains (losses) on fair value hedging relationships        
Recognized on hedged items 0 0 0 0
Recognized on derivatives designated as hedging instruments 0 0 0 0
Net income (expense) recognized on fair value hedges 0 0 0 0
Interest rate | Other income | Cash Flow Hedging        
Net gain (loss) on cash flow hedging relationships        
Realized gains (losses) (pre-tax) reclassified from AOCI into net income 0 0 0 0
Net income (expense) recognized on cash flow hedges 0 0 0  
Interest rate | Investment banking and debt placement fees | Cash Flow Hedging        
Net gain (loss) on cash flow hedging relationships        
Net Gains (Losses) Reclassified From OCI Into Income $ (1) $ 0 $ 1 $ 0
[1] For the three and six months ended June 30, 2021, net securities gains (losses) totaled less than $1 million. For the three months ended June 30, 2021 and June 30, 2020, we did not have any impairment losses related to securities. For the three months ended June 30, 2020, we had no net securities gains (losses). For the six months ended June 30, 2020, net securities gains (losses) totaled $4 million.