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Included in the $ 44.13 billion as of December 31, 2024 were $ 6.68 billion of resale agreements and $ 37.45 billion of collateral provided related to securities borrowing. Included in the $ 29.82 billion as of December 31, 2023 were $ 6.69 billion of resale agreements and $ 23.13 billion of collateral provided related to securities borrowing. Resale agreements and collateral provided related to securities borrowing were recorded in securities purchased under resale agreements and other assets, respectively, in our consolidated statement of condition. Refer to Note 12 for additional information with respect to principal securities finance transactions. | text | 6.69 | monetaryItemType | text: <entity> 6.69 </entity> <entity type> monetaryItemType </entity type> <context> Included in the $ 44.13 billion as of December 31, 2024 were $ 6.68 billion of resale agreements and $ 37.45 billion of collateral provided related to securities borrowing. Included in the $ 29.82 billion as of December 31, 2023 were $ 6.69 billion of resale agreements and $ 23.13 billion of collateral provided related to securities borrowing. Resale agreements and collateral provided related to securities borrowing were recorded in securities purchased under resale agreements and other assets, respectively, in our consolidated statement of condition. Refer to Note 12 for additional information with respect to principal securities finance transactions. </context> | us-gaap:SecuritiesPurchasedUnderAgreementsToResell |
Included in the $ 44.13 billion as of December 31, 2024 were $ 6.68 billion of resale agreements and $ 37.45 billion of collateral provided related to securities borrowing. Included in the $ 29.82 billion as of December 31, 2023 were $ 6.69 billion of resale agreements and $ 23.13 billion of collateral provided related to securities borrowing. Resale agreements and collateral provided related to securities borrowing were recorded in securities purchased under resale agreements and other assets, respectively, in our consolidated statement of condition. Refer to Note 12 for additional information with respect to principal securities finance transactions. | text | 23.13 | monetaryItemType | text: <entity> 23.13 </entity> <entity type> monetaryItemType </entity type> <context> Included in the $ 44.13 billion as of December 31, 2024 were $ 6.68 billion of resale agreements and $ 37.45 billion of collateral provided related to securities borrowing. Included in the $ 29.82 billion as of December 31, 2023 were $ 6.69 billion of resale agreements and $ 23.13 billion of collateral provided related to securities borrowing. Resale agreements and collateral provided related to securities borrowing were recorded in securities purchased under resale agreements and other assets, respectively, in our consolidated statement of condition. Refer to Note 12 for additional information with respect to principal securities finance transactions. </context> | us-gaap:CashCollateralForBorrowedSecurities |
Included in the $ 18.01 billion as of December 31, 2024 were $ 3.68 billion of repurchase agreements and $ 14.33 billion of collateral received related to securities lending transactions. Included in the $ 13.80 billion as of December 31, 2023 were $ 1.87 billion of repurchase agreements and $ 11.93 billion of collateral received related to securities lending transactions. Repurchase agreements and collateral received related to securities lending were recorded in securities sold under repurchase agreements and accrued expenses and other liabilities, respectively, in our consolidated statement of condition. Refer to Note 12 for additional information with respect to principal securities finance transactions. | text | 3.68 | monetaryItemType | text: <entity> 3.68 </entity> <entity type> monetaryItemType </entity type> <context> Included in the $ 18.01 billion as of December 31, 2024 were $ 3.68 billion of repurchase agreements and $ 14.33 billion of collateral received related to securities lending transactions. Included in the $ 13.80 billion as of December 31, 2023 were $ 1.87 billion of repurchase agreements and $ 11.93 billion of collateral received related to securities lending transactions. Repurchase agreements and collateral received related to securities lending were recorded in securities sold under repurchase agreements and accrued expenses and other liabilities, respectively, in our consolidated statement of condition. Refer to Note 12 for additional information with respect to principal securities finance transactions. </context> | us-gaap:SecuritiesSoldUnderAgreementsToRepurchase |
Included in the $ 18.01 billion as of December 31, 2024 were $ 3.68 billion of repurchase agreements and $ 14.33 billion of collateral received related to securities lending transactions. Included in the $ 13.80 billion as of December 31, 2023 were $ 1.87 billion of repurchase agreements and $ 11.93 billion of collateral received related to securities lending transactions. Repurchase agreements and collateral received related to securities lending were recorded in securities sold under repurchase agreements and accrued expenses and other liabilities, respectively, in our consolidated statement of condition. Refer to Note 12 for additional information with respect to principal securities finance transactions. | text | 1.87 | monetaryItemType | text: <entity> 1.87 </entity> <entity type> monetaryItemType </entity type> <context> Included in the $ 18.01 billion as of December 31, 2024 were $ 3.68 billion of repurchase agreements and $ 14.33 billion of collateral received related to securities lending transactions. Included in the $ 13.80 billion as of December 31, 2023 were $ 1.87 billion of repurchase agreements and $ 11.93 billion of collateral received related to securities lending transactions. Repurchase agreements and collateral received related to securities lending were recorded in securities sold under repurchase agreements and accrued expenses and other liabilities, respectively, in our consolidated statement of condition. Refer to Note 12 for additional information with respect to principal securities finance transactions. </context> | us-gaap:SecuritiesSoldUnderAgreementsToRepurchase |
In certain cases, we participate in securities finance transactions as a principal. As a principal, we borrow securities from the lending client and then lend such securities to the subsequent borrower, either our client or a broker/dealer. Our right to receive and obligation to return collateral in connection with our securities lending transactions are recorded in other assets and other liabilities, respectively, in our consolidated statement of condition. As of December 31, 2024 and 2023, we had approximately $ 37.45 billion and $ 23.13 billion, respectively, of collateral provided and approximately $ 14.33 billion and $ 11.93 billion, respectively, of collateral received from clients in connection with our participation in principal securities finance transactions. | text | 37.45 | monetaryItemType | text: <entity> 37.45 </entity> <entity type> monetaryItemType </entity type> <context> In certain cases, we participate in securities finance transactions as a principal. As a principal, we borrow securities from the lending client and then lend such securities to the subsequent borrower, either our client or a broker/dealer. Our right to receive and obligation to return collateral in connection with our securities lending transactions are recorded in other assets and other liabilities, respectively, in our consolidated statement of condition. As of December 31, 2024 and 2023, we had approximately $ 37.45 billion and $ 23.13 billion, respectively, of collateral provided and approximately $ 14.33 billion and $ 11.93 billion, respectively, of collateral received from clients in connection with our participation in principal securities finance transactions. </context> | us-gaap:CashCollateralForBorrowedSecurities |
In certain cases, we participate in securities finance transactions as a principal. As a principal, we borrow securities from the lending client and then lend such securities to the subsequent borrower, either our client or a broker/dealer. Our right to receive and obligation to return collateral in connection with our securities lending transactions are recorded in other assets and other liabilities, respectively, in our consolidated statement of condition. As of December 31, 2024 and 2023, we had approximately $ 37.45 billion and $ 23.13 billion, respectively, of collateral provided and approximately $ 14.33 billion and $ 11.93 billion, respectively, of collateral received from clients in connection with our participation in principal securities finance transactions. | text | 23.13 | monetaryItemType | text: <entity> 23.13 </entity> <entity type> monetaryItemType </entity type> <context> In certain cases, we participate in securities finance transactions as a principal. As a principal, we borrow securities from the lending client and then lend such securities to the subsequent borrower, either our client or a broker/dealer. Our right to receive and obligation to return collateral in connection with our securities lending transactions are recorded in other assets and other liabilities, respectively, in our consolidated statement of condition. As of December 31, 2024 and 2023, we had approximately $ 37.45 billion and $ 23.13 billion, respectively, of collateral provided and approximately $ 14.33 billion and $ 11.93 billion, respectively, of collateral received from clients in connection with our participation in principal securities finance transactions. </context> | us-gaap:CashCollateralForBorrowedSecurities |
Eight participants in our Salary Savings Program filed a purported class action complaint in May 2021 on behalf of participants and beneficiaries who participated in the program and invested in our proprietary investment fund options between May 2015 and April 3, 2024. The complaint named the plan sponsor as well as the committees overseeing the plan and their respective members as defendants, and alleged breach of fiduciary duty and violations of other duties owed to retirement plan participants under ERISA. We resolved this matter at a cost that was within our established accruals for loss contingencies. | text | Eight | integerItemType | text: <entity> Eight </entity> <entity type> integerItemType </entity type> <context> Eight participants in our Salary Savings Program filed a purported class action complaint in May 2021 on behalf of participants and beneficiaries who participated in the program and invested in our proprietary investment fund options between May 2015 and April 3, 2024. The complaint named the plan sponsor as well as the committees overseeing the plan and their respective members as defendants, and alleged breach of fiduciary duty and violations of other duties owed to retirement plan participants under ERISA. We resolved this matter at a cost that was within our established accruals for loss contingencies. </context> | us-gaap:LossContingencyNumberOfPlaintiffs |
In August 2021, two former Currenex clients filed a putative civil class action lawsuit in the Southern District of New York alleging antitrust violations, fraud and a civil Racketeer Influenced and Corrupt Organization Act violation against Currenex, State Street and others. | text | two | integerItemType | text: <entity> two </entity> <entity type> integerItemType </entity type> <context> In August 2021, two former Currenex clients filed a putative civil class action lawsuit in the Southern District of New York alleging antitrust violations, fraud and a civil Racketeer Influenced and Corrupt Organization Act violation against Currenex, State Street and others. </context> | us-gaap:LossContingencyNumberOfPlaintiffs |
In June 2024, State Street entered into a settlement agreement with the U.S. Department of Treasury’s OFAC to resolve its investigation into apparent violations of OFAC’s Ukraine-/Russia-Related Sanctions Regulations. In connection with the settlement, we paid a civil monetary penalty of $ 7.45 million and made certain compliance commitments. | text | 7.45 | monetaryItemType | text: <entity> 7.45 </entity> <entity type> monetaryItemType </entity type> <context> In June 2024, State Street entered into a settlement agreement with the U.S. Department of Treasury’s OFAC to resolve its investigation into apparent violations of OFAC’s Ukraine-/Russia-Related Sanctions Regulations. In connection with the settlement, we paid a civil monetary penalty of $ 7.45 million and made certain compliance commitments. </context> | us-gaap:PaymentsForLegalSettlements |
In November 2024, eleven state Attorneys General filed a complaint in Federal Court in the Eastern District of Texas against State Street, BlackRock and Vanguard, alleging antitrust violations on the theory that the three companies conspired to artificially suppress coal supply, resulting in harm to American consumers in the form of higher electricity costs. | text | eleven | integerItemType | text: <entity> eleven </entity> <entity type> integerItemType </entity type> <context> In November 2024, eleven state Attorneys General filed a complaint in Federal Court in the Eastern District of Texas against State Street, BlackRock and Vanguard, alleging antitrust violations on the theory that the three companies conspired to artificially suppress coal supply, resulting in harm to American consumers in the form of higher electricity costs. </context> | us-gaap:LossContingencyNumberOfPlaintiffs |
In November 2024, eleven state Attorneys General filed a complaint in Federal Court in the Eastern District of Texas against State Street, BlackRock and Vanguard, alleging antitrust violations on the theory that the three companies conspired to artificially suppress coal supply, resulting in harm to American consumers in the form of higher electricity costs. | text | three | integerItemType | text: <entity> three </entity> <entity type> integerItemType </entity type> <context> In November 2024, eleven state Attorneys General filed a complaint in Federal Court in the Eastern District of Texas against State Street, BlackRock and Vanguard, alleging antitrust violations on the theory that the three companies conspired to artificially suppress coal supply, resulting in harm to American consumers in the form of higher electricity costs. </context> | us-gaap:LossContingencyNumberOfDefendants |
and $ 18 million as of December 31, 2024 and 2023, respectively, and represented the carrying value of our investments, which are recorded in other assets in our consolidated statement of condition. The amount of loss we may recognize during any period is limited to the carrying amount of our investments in the unconsolidated funds. | text | 18 | monetaryItemType | text: <entity> 18 </entity> <entity type> monetaryItemType </entity type> <context> and $ 18 million as of December 31, 2024 and 2023, respectively, and represented the carrying value of our investments, which are recorded in other assets in our consolidated statement of condition. The amount of loss we may recognize during any period is limited to the carrying amount of our investments in the unconsolidated funds. </context> | us-gaap:VariableInterestEntityEntityMaximumLossExposureAmount |
and $ 1.33 billion, respectively, most of which represented the carrying value of our investments, which are recorded in other assets in our consolidated statement of condition. | text | 1.33 | monetaryItemType | text: <entity> 1.33 </entity> <entity type> monetaryItemType </entity type> <context> and $ 1.33 billion, respectively, most of which represented the carrying value of our investments, which are recorded in other assets in our consolidated statement of condition. </context> | us-gaap:VariableInterestEntityEntityMaximumLossExposureAmount |
On January 31, 2024, we issued 1.5 million depositary shares, each representing a 1/100th ownership interest in a share of fixed rate reset, non-cumulative perpetual preferred stock, Series I, without par value per share, with a liquidation preference of $ 100,000 per share (equivalent to $ 1,000 per depositary share), in a public offering. The aggregate proceeds, net of underwriting discounts, commissions and other issuance costs, were approximately $ 1.5 billion. | text | 1.5 | sharesItemType | text: <entity> 1.5 </entity> <entity type> sharesItemType </entity type> <context> On January 31, 2024, we issued 1.5 million depositary shares, each representing a 1/100th ownership interest in a share of fixed rate reset, non-cumulative perpetual preferred stock, Series I, without par value per share, with a liquidation preference of $ 100,000 per share (equivalent to $ 1,000 per depositary share), in a public offering. The aggregate proceeds, net of underwriting discounts, commissions and other issuance costs, were approximately $ 1.5 billion. </context> | us-gaap:StockIssuedDuringPeriodSharesNewIssues |
On January 31, 2024, we issued 1.5 million depositary shares, each representing a 1/100th ownership interest in a share of fixed rate reset, non-cumulative perpetual preferred stock, Series I, without par value per share, with a liquidation preference of $ 100,000 per share (equivalent to $ 1,000 per depositary share), in a public offering. The aggregate proceeds, net of underwriting discounts, commissions and other issuance costs, were approximately $ 1.5 billion. | text | 100000 | perShareItemType | text: <entity> 100000 </entity> <entity type> perShareItemType </entity type> <context> On January 31, 2024, we issued 1.5 million depositary shares, each representing a 1/100th ownership interest in a share of fixed rate reset, non-cumulative perpetual preferred stock, Series I, without par value per share, with a liquidation preference of $ 100,000 per share (equivalent to $ 1,000 per depositary share), in a public offering. The aggregate proceeds, net of underwriting discounts, commissions and other issuance costs, were approximately $ 1.5 billion. </context> | us-gaap:PreferredStockLiquidationPreference |
On January 31, 2024, we issued 1.5 million depositary shares, each representing a 1/100th ownership interest in a share of fixed rate reset, non-cumulative perpetual preferred stock, Series I, without par value per share, with a liquidation preference of $ 100,000 per share (equivalent to $ 1,000 per depositary share), in a public offering. The aggregate proceeds, net of underwriting discounts, commissions and other issuance costs, were approximately $ 1.5 billion. | text | 1000 | perShareItemType | text: <entity> 1000 </entity> <entity type> perShareItemType </entity type> <context> On January 31, 2024, we issued 1.5 million depositary shares, each representing a 1/100th ownership interest in a share of fixed rate reset, non-cumulative perpetual preferred stock, Series I, without par value per share, with a liquidation preference of $ 100,000 per share (equivalent to $ 1,000 per depositary share), in a public offering. The aggregate proceeds, net of underwriting discounts, commissions and other issuance costs, were approximately $ 1.5 billion. </context> | us-gaap:PreferredStockLiquidationPreference |
On January 31, 2024, we issued 1.5 million depositary shares, each representing a 1/100th ownership interest in a share of fixed rate reset, non-cumulative perpetual preferred stock, Series I, without par value per share, with a liquidation preference of $ 100,000 per share (equivalent to $ 1,000 per depositary share), in a public offering. The aggregate proceeds, net of underwriting discounts, commissions and other issuance costs, were approximately $ 1.5 billion. | text | 1.5 | monetaryItemType | text: <entity> 1.5 </entity> <entity type> monetaryItemType </entity type> <context> On January 31, 2024, we issued 1.5 million depositary shares, each representing a 1/100th ownership interest in a share of fixed rate reset, non-cumulative perpetual preferred stock, Series I, without par value per share, with a liquidation preference of $ 100,000 per share (equivalent to $ 1,000 per depositary share), in a public offering. The aggregate proceeds, net of underwriting discounts, commissions and other issuance costs, were approximately $ 1.5 billion. </context> | us-gaap:ProceedsFromIssuanceOfPreferredStockAndPreferenceStock |
On March 15, 2024, we redeemed an aggregate $ 1.0 billion, or all 7,500 outstanding shares, of our non-cumulative perpetual preferred stock, Series D (represented by 30,000,000 depository shares), for a cash redemption price of $ 100,000 per share (equivalent to $ 25 per depository share), plus all declared and unpaid dividends and all 2,500 of the outstanding shares of our noncumulative perpetual preferred stock, Series F (represented by 250,000 depository shares), for a cash redemption price of $ 100,000 per share (equivalent to $ 1,000 per depositary share) plus all declared and unpaid dividends. | text | 1.0 | monetaryItemType | text: <entity> 1.0 </entity> <entity type> monetaryItemType </entity type> <context> On March 15, 2024, we redeemed an aggregate $ 1.0 billion, or all 7,500 outstanding shares, of our non-cumulative perpetual preferred stock, Series D (represented by 30,000,000 depository shares), for a cash redemption price of $ 100,000 per share (equivalent to $ 25 per depository share), plus all declared and unpaid dividends and all 2,500 of the outstanding shares of our noncumulative perpetual preferred stock, Series F (represented by 250,000 depository shares), for a cash redemption price of $ 100,000 per share (equivalent to $ 1,000 per depositary share) plus all declared and unpaid dividends. </context> | us-gaap:PreferredStockRedemptionAmount |
On March 15, 2024, we redeemed an aggregate $ 1.0 billion, or all 7,500 outstanding shares, of our non-cumulative perpetual preferred stock, Series D (represented by 30,000,000 depository shares), for a cash redemption price of $ 100,000 per share (equivalent to $ 25 per depository share), plus all declared and unpaid dividends and all 2,500 of the outstanding shares of our noncumulative perpetual preferred stock, Series F (represented by 250,000 depository shares), for a cash redemption price of $ 100,000 per share (equivalent to $ 1,000 per depositary share) plus all declared and unpaid dividends. | text | 7500 | sharesItemType | text: <entity> 7500 </entity> <entity type> sharesItemType </entity type> <context> On March 15, 2024, we redeemed an aggregate $ 1.0 billion, or all 7,500 outstanding shares, of our non-cumulative perpetual preferred stock, Series D (represented by 30,000,000 depository shares), for a cash redemption price of $ 100,000 per share (equivalent to $ 25 per depository share), plus all declared and unpaid dividends and all 2,500 of the outstanding shares of our noncumulative perpetual preferred stock, Series F (represented by 250,000 depository shares), for a cash redemption price of $ 100,000 per share (equivalent to $ 1,000 per depositary share) plus all declared and unpaid dividends. </context> | us-gaap:PreferredStockSharesOutstanding |
On March 15, 2024, we redeemed an aggregate $ 1.0 billion, or all 7,500 outstanding shares, of our non-cumulative perpetual preferred stock, Series D (represented by 30,000,000 depository shares), for a cash redemption price of $ 100,000 per share (equivalent to $ 25 per depository share), plus all declared and unpaid dividends and all 2,500 of the outstanding shares of our noncumulative perpetual preferred stock, Series F (represented by 250,000 depository shares), for a cash redemption price of $ 100,000 per share (equivalent to $ 1,000 per depositary share) plus all declared and unpaid dividends. | text | 30000000 | sharesItemType | text: <entity> 30000000 </entity> <entity type> sharesItemType </entity type> <context> On March 15, 2024, we redeemed an aggregate $ 1.0 billion, or all 7,500 outstanding shares, of our non-cumulative perpetual preferred stock, Series D (represented by 30,000,000 depository shares), for a cash redemption price of $ 100,000 per share (equivalent to $ 25 per depository share), plus all declared and unpaid dividends and all 2,500 of the outstanding shares of our noncumulative perpetual preferred stock, Series F (represented by 250,000 depository shares), for a cash redemption price of $ 100,000 per share (equivalent to $ 1,000 per depositary share) plus all declared and unpaid dividends. </context> | us-gaap:PreferredStockSharesOutstanding |
On March 15, 2024, we redeemed an aggregate $ 1.0 billion, or all 7,500 outstanding shares, of our non-cumulative perpetual preferred stock, Series D (represented by 30,000,000 depository shares), for a cash redemption price of $ 100,000 per share (equivalent to $ 25 per depository share), plus all declared and unpaid dividends and all 2,500 of the outstanding shares of our noncumulative perpetual preferred stock, Series F (represented by 250,000 depository shares), for a cash redemption price of $ 100,000 per share (equivalent to $ 1,000 per depositary share) plus all declared and unpaid dividends. | text | 100000 | perShareItemType | text: <entity> 100000 </entity> <entity type> perShareItemType </entity type> <context> On March 15, 2024, we redeemed an aggregate $ 1.0 billion, or all 7,500 outstanding shares, of our non-cumulative perpetual preferred stock, Series D (represented by 30,000,000 depository shares), for a cash redemption price of $ 100,000 per share (equivalent to $ 25 per depository share), plus all declared and unpaid dividends and all 2,500 of the outstanding shares of our noncumulative perpetual preferred stock, Series F (represented by 250,000 depository shares), for a cash redemption price of $ 100,000 per share (equivalent to $ 1,000 per depositary share) plus all declared and unpaid dividends. </context> | us-gaap:PreferredStockLiquidationPreference |
On March 15, 2024, we redeemed an aggregate $ 1.0 billion, or all 7,500 outstanding shares, of our non-cumulative perpetual preferred stock, Series D (represented by 30,000,000 depository shares), for a cash redemption price of $ 100,000 per share (equivalent to $ 25 per depository share), plus all declared and unpaid dividends and all 2,500 of the outstanding shares of our noncumulative perpetual preferred stock, Series F (represented by 250,000 depository shares), for a cash redemption price of $ 100,000 per share (equivalent to $ 1,000 per depositary share) plus all declared and unpaid dividends. | text | 25 | perShareItemType | text: <entity> 25 </entity> <entity type> perShareItemType </entity type> <context> On March 15, 2024, we redeemed an aggregate $ 1.0 billion, or all 7,500 outstanding shares, of our non-cumulative perpetual preferred stock, Series D (represented by 30,000,000 depository shares), for a cash redemption price of $ 100,000 per share (equivalent to $ 25 per depository share), plus all declared and unpaid dividends and all 2,500 of the outstanding shares of our noncumulative perpetual preferred stock, Series F (represented by 250,000 depository shares), for a cash redemption price of $ 100,000 per share (equivalent to $ 1,000 per depositary share) plus all declared and unpaid dividends. </context> | us-gaap:PreferredStockLiquidationPreference |
On March 15, 2024, we redeemed an aggregate $ 1.0 billion, or all 7,500 outstanding shares, of our non-cumulative perpetual preferred stock, Series D (represented by 30,000,000 depository shares), for a cash redemption price of $ 100,000 per share (equivalent to $ 25 per depository share), plus all declared and unpaid dividends and all 2,500 of the outstanding shares of our noncumulative perpetual preferred stock, Series F (represented by 250,000 depository shares), for a cash redemption price of $ 100,000 per share (equivalent to $ 1,000 per depositary share) plus all declared and unpaid dividends. | text | 2500 | sharesItemType | text: <entity> 2500 </entity> <entity type> sharesItemType </entity type> <context> On March 15, 2024, we redeemed an aggregate $ 1.0 billion, or all 7,500 outstanding shares, of our non-cumulative perpetual preferred stock, Series D (represented by 30,000,000 depository shares), for a cash redemption price of $ 100,000 per share (equivalent to $ 25 per depository share), plus all declared and unpaid dividends and all 2,500 of the outstanding shares of our noncumulative perpetual preferred stock, Series F (represented by 250,000 depository shares), for a cash redemption price of $ 100,000 per share (equivalent to $ 1,000 per depositary share) plus all declared and unpaid dividends. </context> | us-gaap:PreferredStockSharesOutstanding |
On March 15, 2024, we redeemed an aggregate $ 1.0 billion, or all 7,500 outstanding shares, of our non-cumulative perpetual preferred stock, Series D (represented by 30,000,000 depository shares), for a cash redemption price of $ 100,000 per share (equivalent to $ 25 per depository share), plus all declared and unpaid dividends and all 2,500 of the outstanding shares of our noncumulative perpetual preferred stock, Series F (represented by 250,000 depository shares), for a cash redemption price of $ 100,000 per share (equivalent to $ 1,000 per depositary share) plus all declared and unpaid dividends. | text | 250000 | sharesItemType | text: <entity> 250000 </entity> <entity type> sharesItemType </entity type> <context> On March 15, 2024, we redeemed an aggregate $ 1.0 billion, or all 7,500 outstanding shares, of our non-cumulative perpetual preferred stock, Series D (represented by 30,000,000 depository shares), for a cash redemption price of $ 100,000 per share (equivalent to $ 25 per depository share), plus all declared and unpaid dividends and all 2,500 of the outstanding shares of our noncumulative perpetual preferred stock, Series F (represented by 250,000 depository shares), for a cash redemption price of $ 100,000 per share (equivalent to $ 1,000 per depositary share) plus all declared and unpaid dividends. </context> | us-gaap:PreferredStockSharesOutstanding |
On March 15, 2024, we redeemed an aggregate $ 1.0 billion, or all 7,500 outstanding shares, of our non-cumulative perpetual preferred stock, Series D (represented by 30,000,000 depository shares), for a cash redemption price of $ 100,000 per share (equivalent to $ 25 per depository share), plus all declared and unpaid dividends and all 2,500 of the outstanding shares of our noncumulative perpetual preferred stock, Series F (represented by 250,000 depository shares), for a cash redemption price of $ 100,000 per share (equivalent to $ 1,000 per depositary share) plus all declared and unpaid dividends. | text | 1000 | perShareItemType | text: <entity> 1000 </entity> <entity type> perShareItemType </entity type> <context> On March 15, 2024, we redeemed an aggregate $ 1.0 billion, or all 7,500 outstanding shares, of our non-cumulative perpetual preferred stock, Series D (represented by 30,000,000 depository shares), for a cash redemption price of $ 100,000 per share (equivalent to $ 25 per depository share), plus all declared and unpaid dividends and all 2,500 of the outstanding shares of our noncumulative perpetual preferred stock, Series F (represented by 250,000 depository shares), for a cash redemption price of $ 100,000 per share (equivalent to $ 1,000 per depositary share) plus all declared and unpaid dividends. </context> | us-gaap:PreferredStockLiquidationPreference |
On July 24, 2024, we issued 850,000 depositary shares, each representing 1/100th ownership interest in shares of fixed rate reset, non-cumulative perpetual preferred stock, Series J, without par value per share, with a liquidation preference of $ 100,000 per share (equivalent to $ 1,000 per depositary share), in a public offering. The aggregate proceeds, net of underwriting discounts, commissions and other issuance costs, were approximately $ 842 million. | text | 850000 | sharesItemType | text: <entity> 850000 </entity> <entity type> sharesItemType </entity type> <context> On July 24, 2024, we issued 850,000 depositary shares, each representing 1/100th ownership interest in shares of fixed rate reset, non-cumulative perpetual preferred stock, Series J, without par value per share, with a liquidation preference of $ 100,000 per share (equivalent to $ 1,000 per depositary share), in a public offering. The aggregate proceeds, net of underwriting discounts, commissions and other issuance costs, were approximately $ 842 million. </context> | us-gaap:StockIssuedDuringPeriodSharesNewIssues |
On July 24, 2024, we issued 850,000 depositary shares, each representing 1/100th ownership interest in shares of fixed rate reset, non-cumulative perpetual preferred stock, Series J, without par value per share, with a liquidation preference of $ 100,000 per share (equivalent to $ 1,000 per depositary share), in a public offering. The aggregate proceeds, net of underwriting discounts, commissions and other issuance costs, were approximately $ 842 million. | text | 100000 | perShareItemType | text: <entity> 100000 </entity> <entity type> perShareItemType </entity type> <context> On July 24, 2024, we issued 850,000 depositary shares, each representing 1/100th ownership interest in shares of fixed rate reset, non-cumulative perpetual preferred stock, Series J, without par value per share, with a liquidation preference of $ 100,000 per share (equivalent to $ 1,000 per depositary share), in a public offering. The aggregate proceeds, net of underwriting discounts, commissions and other issuance costs, were approximately $ 842 million. </context> | us-gaap:PreferredStockLiquidationPreference |
On July 24, 2024, we issued 850,000 depositary shares, each representing 1/100th ownership interest in shares of fixed rate reset, non-cumulative perpetual preferred stock, Series J, without par value per share, with a liquidation preference of $ 100,000 per share (equivalent to $ 1,000 per depositary share), in a public offering. The aggregate proceeds, net of underwriting discounts, commissions and other issuance costs, were approximately $ 842 million. | text | 1000 | perShareItemType | text: <entity> 1000 </entity> <entity type> perShareItemType </entity type> <context> On July 24, 2024, we issued 850,000 depositary shares, each representing 1/100th ownership interest in shares of fixed rate reset, non-cumulative perpetual preferred stock, Series J, without par value per share, with a liquidation preference of $ 100,000 per share (equivalent to $ 1,000 per depositary share), in a public offering. The aggregate proceeds, net of underwriting discounts, commissions and other issuance costs, were approximately $ 842 million. </context> | us-gaap:PreferredStockLiquidationPreference |
On July 24, 2024, we issued 850,000 depositary shares, each representing 1/100th ownership interest in shares of fixed rate reset, non-cumulative perpetual preferred stock, Series J, without par value per share, with a liquidation preference of $ 100,000 per share (equivalent to $ 1,000 per depositary share), in a public offering. The aggregate proceeds, net of underwriting discounts, commissions and other issuance costs, were approximately $ 842 million. | text | 842 | monetaryItemType | text: <entity> 842 </entity> <entity type> monetaryItemType </entity type> <context> On July 24, 2024, we issued 850,000 depositary shares, each representing 1/100th ownership interest in shares of fixed rate reset, non-cumulative perpetual preferred stock, Series J, without par value per share, with a liquidation preference of $ 100,000 per share (equivalent to $ 1,000 per depositary share), in a public offering. The aggregate proceeds, net of underwriting discounts, commissions and other issuance costs, were approximately $ 842 million. </context> | us-gaap:ProceedsFromIssuanceOfPreferredStockAndPreferenceStock |
On September 16, 2024, we redeemed an aggregate $ 500 million, or all 5,000 outstanding shares, of our non-cumulative perpetual preferred stock, Series H (represented by 500,000 depository shares), for a cash redemption price of $ 100,000 per share (equivalent to $ 1,000 per depository share), plus all declared and unpaid dividends. | text | 500 | monetaryItemType | text: <entity> 500 </entity> <entity type> monetaryItemType </entity type> <context> On September 16, 2024, we redeemed an aggregate $ 500 million, or all 5,000 outstanding shares, of our non-cumulative perpetual preferred stock, Series H (represented by 500,000 depository shares), for a cash redemption price of $ 100,000 per share (equivalent to $ 1,000 per depository share), plus all declared and unpaid dividends. </context> | us-gaap:PreferredStockRedemptionAmount |
On September 16, 2024, we redeemed an aggregate $ 500 million, or all 5,000 outstanding shares, of our non-cumulative perpetual preferred stock, Series H (represented by 500,000 depository shares), for a cash redemption price of $ 100,000 per share (equivalent to $ 1,000 per depository share), plus all declared and unpaid dividends. | text | 5000 | sharesItemType | text: <entity> 5000 </entity> <entity type> sharesItemType </entity type> <context> On September 16, 2024, we redeemed an aggregate $ 500 million, or all 5,000 outstanding shares, of our non-cumulative perpetual preferred stock, Series H (represented by 500,000 depository shares), for a cash redemption price of $ 100,000 per share (equivalent to $ 1,000 per depository share), plus all declared and unpaid dividends. </context> | us-gaap:PreferredStockSharesOutstanding |
On September 16, 2024, we redeemed an aggregate $ 500 million, or all 5,000 outstanding shares, of our non-cumulative perpetual preferred stock, Series H (represented by 500,000 depository shares), for a cash redemption price of $ 100,000 per share (equivalent to $ 1,000 per depository share), plus all declared and unpaid dividends. | text | 500000 | sharesItemType | text: <entity> 500000 </entity> <entity type> sharesItemType </entity type> <context> On September 16, 2024, we redeemed an aggregate $ 500 million, or all 5,000 outstanding shares, of our non-cumulative perpetual preferred stock, Series H (represented by 500,000 depository shares), for a cash redemption price of $ 100,000 per share (equivalent to $ 1,000 per depository share), plus all declared and unpaid dividends. </context> | us-gaap:PreferredStockSharesOutstanding |
On September 16, 2024, we redeemed an aggregate $ 500 million, or all 5,000 outstanding shares, of our non-cumulative perpetual preferred stock, Series H (represented by 500,000 depository shares), for a cash redemption price of $ 100,000 per share (equivalent to $ 1,000 per depository share), plus all declared and unpaid dividends. | text | 100000 | perShareItemType | text: <entity> 100000 </entity> <entity type> perShareItemType </entity type> <context> On September 16, 2024, we redeemed an aggregate $ 500 million, or all 5,000 outstanding shares, of our non-cumulative perpetual preferred stock, Series H (represented by 500,000 depository shares), for a cash redemption price of $ 100,000 per share (equivalent to $ 1,000 per depository share), plus all declared and unpaid dividends. </context> | us-gaap:PreferredStockLiquidationPreference |
On September 16, 2024, we redeemed an aggregate $ 500 million, or all 5,000 outstanding shares, of our non-cumulative perpetual preferred stock, Series H (represented by 500,000 depository shares), for a cash redemption price of $ 100,000 per share (equivalent to $ 1,000 per depository share), plus all declared and unpaid dividends. | text | 1000 | perShareItemType | text: <entity> 1000 </entity> <entity type> perShareItemType </entity type> <context> On September 16, 2024, we redeemed an aggregate $ 500 million, or all 5,000 outstanding shares, of our non-cumulative perpetual preferred stock, Series H (represented by 500,000 depository shares), for a cash redemption price of $ 100,000 per share (equivalent to $ 1,000 per depository share), plus all declared and unpaid dividends. </context> | us-gaap:PreferredStockLiquidationPreference |
On February 6, 2025, we issued 750,000 depositary shares, each representing a 1/100th ownership interest in a share of fixed rate reset, non-cumulative perpetual preferred stock, Series K, without par value per share, with a liquidation preference of $ 100,000 per share (equivalent to $ 1,000 per depositary share), in a public offering. The aggregate proceeds, net of underwriting discounts, commissions and other issuance costs, were approximately $ 743 million. Dividends on the Series K Preferred Stock will be payable quarterly at an initial rate of 6.450 % per annum commencing on June 15, 2025, with the first dividend payable on a pro-rata basis. Our preferred stock dividends, including the declaration, timing and amount thereof, are subject to consideration and approval by the Board at the relevant times. | text | 750000 | sharesItemType | text: <entity> 750000 </entity> <entity type> sharesItemType </entity type> <context> On February 6, 2025, we issued 750,000 depositary shares, each representing a 1/100th ownership interest in a share of fixed rate reset, non-cumulative perpetual preferred stock, Series K, without par value per share, with a liquidation preference of $ 100,000 per share (equivalent to $ 1,000 per depositary share), in a public offering. The aggregate proceeds, net of underwriting discounts, commissions and other issuance costs, were approximately $ 743 million. Dividends on the Series K Preferred Stock will be payable quarterly at an initial rate of 6.450 % per annum commencing on June 15, 2025, with the first dividend payable on a pro-rata basis. Our preferred stock dividends, including the declaration, timing and amount thereof, are subject to consideration and approval by the Board at the relevant times. </context> | us-gaap:StockIssuedDuringPeriodSharesNewIssues |
On February 6, 2025, we issued 750,000 depositary shares, each representing a 1/100th ownership interest in a share of fixed rate reset, non-cumulative perpetual preferred stock, Series K, without par value per share, with a liquidation preference of $ 100,000 per share (equivalent to $ 1,000 per depositary share), in a public offering. The aggregate proceeds, net of underwriting discounts, commissions and other issuance costs, were approximately $ 743 million. Dividends on the Series K Preferred Stock will be payable quarterly at an initial rate of 6.450 % per annum commencing on June 15, 2025, with the first dividend payable on a pro-rata basis. Our preferred stock dividends, including the declaration, timing and amount thereof, are subject to consideration and approval by the Board at the relevant times. | text | 100000 | perShareItemType | text: <entity> 100000 </entity> <entity type> perShareItemType </entity type> <context> On February 6, 2025, we issued 750,000 depositary shares, each representing a 1/100th ownership interest in a share of fixed rate reset, non-cumulative perpetual preferred stock, Series K, without par value per share, with a liquidation preference of $ 100,000 per share (equivalent to $ 1,000 per depositary share), in a public offering. The aggregate proceeds, net of underwriting discounts, commissions and other issuance costs, were approximately $ 743 million. Dividends on the Series K Preferred Stock will be payable quarterly at an initial rate of 6.450 % per annum commencing on June 15, 2025, with the first dividend payable on a pro-rata basis. Our preferred stock dividends, including the declaration, timing and amount thereof, are subject to consideration and approval by the Board at the relevant times. </context> | us-gaap:PreferredStockLiquidationPreference |
On February 6, 2025, we issued 750,000 depositary shares, each representing a 1/100th ownership interest in a share of fixed rate reset, non-cumulative perpetual preferred stock, Series K, without par value per share, with a liquidation preference of $ 100,000 per share (equivalent to $ 1,000 per depositary share), in a public offering. The aggregate proceeds, net of underwriting discounts, commissions and other issuance costs, were approximately $ 743 million. Dividends on the Series K Preferred Stock will be payable quarterly at an initial rate of 6.450 % per annum commencing on June 15, 2025, with the first dividend payable on a pro-rata basis. Our preferred stock dividends, including the declaration, timing and amount thereof, are subject to consideration and approval by the Board at the relevant times. | text | 1000 | perShareItemType | text: <entity> 1000 </entity> <entity type> perShareItemType </entity type> <context> On February 6, 2025, we issued 750,000 depositary shares, each representing a 1/100th ownership interest in a share of fixed rate reset, non-cumulative perpetual preferred stock, Series K, without par value per share, with a liquidation preference of $ 100,000 per share (equivalent to $ 1,000 per depositary share), in a public offering. The aggregate proceeds, net of underwriting discounts, commissions and other issuance costs, were approximately $ 743 million. Dividends on the Series K Preferred Stock will be payable quarterly at an initial rate of 6.450 % per annum commencing on June 15, 2025, with the first dividend payable on a pro-rata basis. Our preferred stock dividends, including the declaration, timing and amount thereof, are subject to consideration and approval by the Board at the relevant times. </context> | us-gaap:PreferredStockLiquidationPreference |
On February 6, 2025, we issued 750,000 depositary shares, each representing a 1/100th ownership interest in a share of fixed rate reset, non-cumulative perpetual preferred stock, Series K, without par value per share, with a liquidation preference of $ 100,000 per share (equivalent to $ 1,000 per depositary share), in a public offering. The aggregate proceeds, net of underwriting discounts, commissions and other issuance costs, were approximately $ 743 million. Dividends on the Series K Preferred Stock will be payable quarterly at an initial rate of 6.450 % per annum commencing on June 15, 2025, with the first dividend payable on a pro-rata basis. Our preferred stock dividends, including the declaration, timing and amount thereof, are subject to consideration and approval by the Board at the relevant times. | text | 743 | monetaryItemType | text: <entity> 743 </entity> <entity type> monetaryItemType </entity type> <context> On February 6, 2025, we issued 750,000 depositary shares, each representing a 1/100th ownership interest in a share of fixed rate reset, non-cumulative perpetual preferred stock, Series K, without par value per share, with a liquidation preference of $ 100,000 per share (equivalent to $ 1,000 per depositary share), in a public offering. The aggregate proceeds, net of underwriting discounts, commissions and other issuance costs, were approximately $ 743 million. Dividends on the Series K Preferred Stock will be payable quarterly at an initial rate of 6.450 % per annum commencing on June 15, 2025, with the first dividend payable on a pro-rata basis. Our preferred stock dividends, including the declaration, timing and amount thereof, are subject to consideration and approval by the Board at the relevant times. </context> | us-gaap:ProceedsFromIssuanceOfPreferredStockAndPreferenceStock |
On February 6, 2025, we issued 750,000 depositary shares, each representing a 1/100th ownership interest in a share of fixed rate reset, non-cumulative perpetual preferred stock, Series K, without par value per share, with a liquidation preference of $ 100,000 per share (equivalent to $ 1,000 per depositary share), in a public offering. The aggregate proceeds, net of underwriting discounts, commissions and other issuance costs, were approximately $ 743 million. Dividends on the Series K Preferred Stock will be payable quarterly at an initial rate of 6.450 % per annum commencing on June 15, 2025, with the first dividend payable on a pro-rata basis. Our preferred stock dividends, including the declaration, timing and amount thereof, are subject to consideration and approval by the Board at the relevant times. | text | 6.450 | percentItemType | text: <entity> 6.450 </entity> <entity type> percentItemType </entity type> <context> On February 6, 2025, we issued 750,000 depositary shares, each representing a 1/100th ownership interest in a share of fixed rate reset, non-cumulative perpetual preferred stock, Series K, without par value per share, with a liquidation preference of $ 100,000 per share (equivalent to $ 1,000 per depositary share), in a public offering. The aggregate proceeds, net of underwriting discounts, commissions and other issuance costs, were approximately $ 743 million. Dividends on the Series K Preferred Stock will be payable quarterly at an initial rate of 6.450 % per annum commencing on June 15, 2025, with the first dividend payable on a pro-rata basis. Our preferred stock dividends, including the declaration, timing and amount thereof, are subject to consideration and approval by the Board at the relevant times. </context> | us-gaap:PreferredStockDividendRatePercentage |
On January 19, 2024, we announced a new common share repurchase program, approved by our Board and superseding all prior programs, authorizing the purchase of up to $ 5.0 billion of our common stock beginning in the first quarter of 2024 with no set expiration date the “2024 Program”). During 2024, we repurchased $ 1.3 billion of our common stock under the 2024 Program and expect common share repurchases to continue under this program during 2025. | text | 1.3 | monetaryItemType | text: <entity> 1.3 </entity> <entity type> monetaryItemType </entity type> <context> On January 19, 2024, we announced a new common share repurchase program, approved by our Board and superseding all prior programs, authorizing the purchase of up to $ 5.0 billion of our common stock beginning in the first quarter of 2024 with no set expiration date the “2024 Program”). During 2024, we repurchased $ 1.3 billion of our common stock under the 2024 Program and expect common share repurchases to continue under this program during 2025. </context> | us-gaap:StockRepurchasedDuringPeriodValue |
In 2023, we repurchased $ 3.8 billion of our common stock under the previously approved common share repurchase program authorizing the purchase of up to $ 4.5 billion of our common stock through December 31, 2023 (the “2023 Program”). | text | 3.8 | monetaryItemType | text: <entity> 3.8 </entity> <entity type> monetaryItemType </entity type> <context> In 2023, we repurchased $ 3.8 billion of our common stock under the previously approved common share repurchase program authorizing the purchase of up to $ 4.5 billion of our common stock through December 31, 2023 (the “2023 Program”). </context> | us-gaap:StockRepurchasedDuringPeriodValue |
Includes after-tax net unamortized unrealized gains (losses) of ($ 374 ) million, ($ 530 ) million and ($ 749 ) million as of December 31, 2024, 2023 and 2022, respectively, related to AFS investment securities previously transferred to HTM. | text | 374 | monetaryItemType | text: <entity> 374 </entity> <entity type> monetaryItemType </entity type> <context> Includes after-tax net unamortized unrealized gains (losses) of ($ 374 ) million, ($ 530 ) million and ($ 749 ) million as of December 31, 2024, 2023 and 2022, respectively, related to AFS investment securities previously transferred to HTM. </context> | us-gaap:OtherComprehensiveIncomeLossTransfersFromHeldToMaturityToAvailableForSaleSecuritiesNetOfTax |
Includes after-tax net unamortized unrealized gains (losses) of ($ 374 ) million, ($ 530 ) million and ($ 749 ) million as of December 31, 2024, 2023 and 2022, respectively, related to AFS investment securities previously transferred to HTM. | text | 530 | monetaryItemType | text: <entity> 530 </entity> <entity type> monetaryItemType </entity type> <context> Includes after-tax net unamortized unrealized gains (losses) of ($ 374 ) million, ($ 530 ) million and ($ 749 ) million as of December 31, 2024, 2023 and 2022, respectively, related to AFS investment securities previously transferred to HTM. </context> | us-gaap:OtherComprehensiveIncomeLossTransfersFromHeldToMaturityToAvailableForSaleSecuritiesNetOfTax |
Includes after-tax net unamortized unrealized gains (losses) of ($ 374 ) million, ($ 530 ) million and ($ 749 ) million as of December 31, 2024, 2023 and 2022, respectively, related to AFS investment securities previously transferred to HTM. | text | 749 | monetaryItemType | text: <entity> 749 </entity> <entity type> monetaryItemType </entity type> <context> Includes after-tax net unamortized unrealized gains (losses) of ($ 374 ) million, ($ 530 ) million and ($ 749 ) million as of December 31, 2024, 2023 and 2022, respectively, related to AFS investment securities previously transferred to HTM. </context> | us-gaap:OtherComprehensiveIncomeLossTransfersFromHeldToMaturityToAvailableForSaleSecuritiesNetOfTax |
The 2017 Stock Incentive Plan, or 2017 Plan, was amended and restated and approved by shareholders in May 2023 for issuance of stock and stock based awards. Awards may be made under the 2017 Plan for (i) up to 15.1 million shares of common stock plus (ii) up to an additional 28.5 million shares that were available to be issued under the 2006 Equity Incentive Plan, or 2006 Plan, or may become available for issuance under the 2006 Plan due to expiration, termination, cancellation, forfeiture or repurchase of awards granted under the 2006 Plan. As of December 31, 2024, a total of 20.8 million shares from the 2006 Plan have been added to and may be issued from the 2017 Plan. As of December 31, 2024, a cumulative total of 24.7 million shares have been awarded under the 2017 Plan, compared to cumulative totals of 21.7 million shares and 18.7 million shares as of December 31, 2023 and 2022, respectively. | text | 15.1 | sharesItemType | text: <entity> 15.1 </entity> <entity type> sharesItemType </entity type> <context> The 2017 Stock Incentive Plan, or 2017 Plan, was amended and restated and approved by shareholders in May 2023 for issuance of stock and stock based awards. Awards may be made under the 2017 Plan for (i) up to 15.1 million shares of common stock plus (ii) up to an additional 28.5 million shares that were available to be issued under the 2006 Equity Incentive Plan, or 2006 Plan, or may become available for issuance under the 2006 Plan due to expiration, termination, cancellation, forfeiture or repurchase of awards granted under the 2006 Plan. As of December 31, 2024, a total of 20.8 million shares from the 2006 Plan have been added to and may be issued from the 2017 Plan. As of December 31, 2024, a cumulative total of 24.7 million shares have been awarded under the 2017 Plan, compared to cumulative totals of 21.7 million shares and 18.7 million shares as of December 31, 2023 and 2022, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized |
The 2017 Stock Incentive Plan, or 2017 Plan, was amended and restated and approved by shareholders in May 2023 for issuance of stock and stock based awards. Awards may be made under the 2017 Plan for (i) up to 15.1 million shares of common stock plus (ii) up to an additional 28.5 million shares that were available to be issued under the 2006 Equity Incentive Plan, or 2006 Plan, or may become available for issuance under the 2006 Plan due to expiration, termination, cancellation, forfeiture or repurchase of awards granted under the 2006 Plan. As of December 31, 2024, a total of 20.8 million shares from the 2006 Plan have been added to and may be issued from the 2017 Plan. As of December 31, 2024, a cumulative total of 24.7 million shares have been awarded under the 2017 Plan, compared to cumulative totals of 21.7 million shares and 18.7 million shares as of December 31, 2023 and 2022, respectively. | text | 28.5 | sharesItemType | text: <entity> 28.5 </entity> <entity type> sharesItemType </entity type> <context> The 2017 Stock Incentive Plan, or 2017 Plan, was amended and restated and approved by shareholders in May 2023 for issuance of stock and stock based awards. Awards may be made under the 2017 Plan for (i) up to 15.1 million shares of common stock plus (ii) up to an additional 28.5 million shares that were available to be issued under the 2006 Equity Incentive Plan, or 2006 Plan, or may become available for issuance under the 2006 Plan due to expiration, termination, cancellation, forfeiture or repurchase of awards granted under the 2006 Plan. As of December 31, 2024, a total of 20.8 million shares from the 2006 Plan have been added to and may be issued from the 2017 Plan. As of December 31, 2024, a cumulative total of 24.7 million shares have been awarded under the 2017 Plan, compared to cumulative totals of 21.7 million shares and 18.7 million shares as of December 31, 2023 and 2022, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized |
The 2017 Stock Incentive Plan, or 2017 Plan, was amended and restated and approved by shareholders in May 2023 for issuance of stock and stock based awards. Awards may be made under the 2017 Plan for (i) up to 15.1 million shares of common stock plus (ii) up to an additional 28.5 million shares that were available to be issued under the 2006 Equity Incentive Plan, or 2006 Plan, or may become available for issuance under the 2006 Plan due to expiration, termination, cancellation, forfeiture or repurchase of awards granted under the 2006 Plan. As of December 31, 2024, a total of 20.8 million shares from the 2006 Plan have been added to and may be issued from the 2017 Plan. As of December 31, 2024, a cumulative total of 24.7 million shares have been awarded under the 2017 Plan, compared to cumulative totals of 21.7 million shares and 18.7 million shares as of December 31, 2023 and 2022, respectively. | text | 20.8 | sharesItemType | text: <entity> 20.8 </entity> <entity type> sharesItemType </entity type> <context> The 2017 Stock Incentive Plan, or 2017 Plan, was amended and restated and approved by shareholders in May 2023 for issuance of stock and stock based awards. Awards may be made under the 2017 Plan for (i) up to 15.1 million shares of common stock plus (ii) up to an additional 28.5 million shares that were available to be issued under the 2006 Equity Incentive Plan, or 2006 Plan, or may become available for issuance under the 2006 Plan due to expiration, termination, cancellation, forfeiture or repurchase of awards granted under the 2006 Plan. As of December 31, 2024, a total of 20.8 million shares from the 2006 Plan have been added to and may be issued from the 2017 Plan. As of December 31, 2024, a cumulative total of 24.7 million shares have been awarded under the 2017 Plan, compared to cumulative totals of 21.7 million shares and 18.7 million shares as of December 31, 2023 and 2022, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized |
The 2017 Plan allows for shares withheld in payment of the exercise price of an award or in satisfaction of tax withholding requirements, shares forfeited due to employee termination, shares expired under option awards, or shares not delivered when performance conditions have not been met, to be added back to the pool of shares available for issuance under the 2017 Plan. From inception to December 31, 2024, 7.0 million shares had been awarded under the 2017 Plan but not delivered, and have become available for re-issue. As of December 31, 2024, a total of 18.3 million shares were available for future issuance under the 2017 Plan. | text | 18.3 | sharesItemType | text: <entity> 18.3 </entity> <entity type> sharesItemType </entity type> <context> The 2017 Plan allows for shares withheld in payment of the exercise price of an award or in satisfaction of tax withholding requirements, shares forfeited due to employee termination, shares expired under option awards, or shares not delivered when performance conditions have not been met, to be added back to the pool of shares available for issuance under the 2017 Plan. From inception to December 31, 2024, 7.0 million shares had been awarded under the 2017 Plan but not delivered, and have become available for re-issue. As of December 31, 2024, a total of 18.3 million shares were available for future issuance under the 2017 Plan. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant |
Compensation expense related to deferred stock awards and performance awards, which we record as a component of compensation and employee benefits expense in our consolidated statement of income, was $ 223 million, $ 208 million and $ 240 million for the years ended December 31, 2024, 2023 and 2022, respectively. Such expense for 2024, 2023 and 2022 excluded an expense of $ 3 million, $ 12 million and $ 21 million, respectively, associated with acceleration of expense in connection with targeted staff reductions. This expense was included in the severance-related portion of the associated restructuring or repositioning charges recorded in each respective year. | text | 223 | monetaryItemType | text: <entity> 223 </entity> <entity type> monetaryItemType </entity type> <context> Compensation expense related to deferred stock awards and performance awards, which we record as a component of compensation and employee benefits expense in our consolidated statement of income, was $ 223 million, $ 208 million and $ 240 million for the years ended December 31, 2024, 2023 and 2022, respectively. Such expense for 2024, 2023 and 2022 excluded an expense of $ 3 million, $ 12 million and $ 21 million, respectively, associated with acceleration of expense in connection with targeted staff reductions. This expense was included in the severance-related portion of the associated restructuring or repositioning charges recorded in each respective year. </context> | us-gaap:AllocatedShareBasedCompensationExpense |
Compensation expense related to deferred stock awards and performance awards, which we record as a component of compensation and employee benefits expense in our consolidated statement of income, was $ 223 million, $ 208 million and $ 240 million for the years ended December 31, 2024, 2023 and 2022, respectively. Such expense for 2024, 2023 and 2022 excluded an expense of $ 3 million, $ 12 million and $ 21 million, respectively, associated with acceleration of expense in connection with targeted staff reductions. This expense was included in the severance-related portion of the associated restructuring or repositioning charges recorded in each respective year. | text | 208 | monetaryItemType | text: <entity> 208 </entity> <entity type> monetaryItemType </entity type> <context> Compensation expense related to deferred stock awards and performance awards, which we record as a component of compensation and employee benefits expense in our consolidated statement of income, was $ 223 million, $ 208 million and $ 240 million for the years ended December 31, 2024, 2023 and 2022, respectively. Such expense for 2024, 2023 and 2022 excluded an expense of $ 3 million, $ 12 million and $ 21 million, respectively, associated with acceleration of expense in connection with targeted staff reductions. This expense was included in the severance-related portion of the associated restructuring or repositioning charges recorded in each respective year. </context> | us-gaap:AllocatedShareBasedCompensationExpense |
Compensation expense related to deferred stock awards and performance awards, which we record as a component of compensation and employee benefits expense in our consolidated statement of income, was $ 223 million, $ 208 million and $ 240 million for the years ended December 31, 2024, 2023 and 2022, respectively. Such expense for 2024, 2023 and 2022 excluded an expense of $ 3 million, $ 12 million and $ 21 million, respectively, associated with acceleration of expense in connection with targeted staff reductions. This expense was included in the severance-related portion of the associated restructuring or repositioning charges recorded in each respective year. | text | 240 | monetaryItemType | text: <entity> 240 </entity> <entity type> monetaryItemType </entity type> <context> Compensation expense related to deferred stock awards and performance awards, which we record as a component of compensation and employee benefits expense in our consolidated statement of income, was $ 223 million, $ 208 million and $ 240 million for the years ended December 31, 2024, 2023 and 2022, respectively. Such expense for 2024, 2023 and 2022 excluded an expense of $ 3 million, $ 12 million and $ 21 million, respectively, associated with acceleration of expense in connection with targeted staff reductions. This expense was included in the severance-related portion of the associated restructuring or repositioning charges recorded in each respective year. </context> | us-gaap:AllocatedShareBasedCompensationExpense |
For the years ended December 31, 2024, 2023 and 2022, no stock appreciation rights were exercised. As of December 31, 2024, there was no unrecognized compensation cost related to stock appreciation rights. | text | no | monetaryItemType | text: <entity> no </entity> <entity type> monetaryItemType </entity type> <context> For the years ended December 31, 2024, 2023 and 2022, no stock appreciation rights were exercised. As of December 31, 2024, there was no unrecognized compensation cost related to stock appreciation rights. </context> | us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized |
The total fair value of deferred stock awards vested for the years ended December 31, 2024, 2023 and 2022, based on the weighted average grant date fair value in each respective year, was $ 185 million, $ 185 million and $ 217 million, respectively. As of December 31, 2024, total unrecognized compensation cost related to deferred stock awards, net of estimated forfeitures, was $ 169 million, which is expected to be recognized over a weighted-average period of 2.2 years. | text | 185 | monetaryItemType | text: <entity> 185 </entity> <entity type> monetaryItemType </entity type> <context> The total fair value of deferred stock awards vested for the years ended December 31, 2024, 2023 and 2022, based on the weighted average grant date fair value in each respective year, was $ 185 million, $ 185 million and $ 217 million, respectively. As of December 31, 2024, total unrecognized compensation cost related to deferred stock awards, net of estimated forfeitures, was $ 169 million, which is expected to be recognized over a weighted-average period of 2.2 years. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
The total fair value of deferred stock awards vested for the years ended December 31, 2024, 2023 and 2022, based on the weighted average grant date fair value in each respective year, was $ 185 million, $ 185 million and $ 217 million, respectively. As of December 31, 2024, total unrecognized compensation cost related to deferred stock awards, net of estimated forfeitures, was $ 169 million, which is expected to be recognized over a weighted-average period of 2.2 years. | text | 217 | monetaryItemType | text: <entity> 217 </entity> <entity type> monetaryItemType </entity type> <context> The total fair value of deferred stock awards vested for the years ended December 31, 2024, 2023 and 2022, based on the weighted average grant date fair value in each respective year, was $ 185 million, $ 185 million and $ 217 million, respectively. As of December 31, 2024, total unrecognized compensation cost related to deferred stock awards, net of estimated forfeitures, was $ 169 million, which is expected to be recognized over a weighted-average period of 2.2 years. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
The total fair value of deferred stock awards vested for the years ended December 31, 2024, 2023 and 2022, based on the weighted average grant date fair value in each respective year, was $ 185 million, $ 185 million and $ 217 million, respectively. As of December 31, 2024, total unrecognized compensation cost related to deferred stock awards, net of estimated forfeitures, was $ 169 million, which is expected to be recognized over a weighted-average period of 2.2 years. | text | 169 | monetaryItemType | text: <entity> 169 </entity> <entity type> monetaryItemType </entity type> <context> The total fair value of deferred stock awards vested for the years ended December 31, 2024, 2023 and 2022, based on the weighted average grant date fair value in each respective year, was $ 185 million, $ 185 million and $ 217 million, respectively. As of December 31, 2024, total unrecognized compensation cost related to deferred stock awards, net of estimated forfeitures, was $ 169 million, which is expected to be recognized over a weighted-average period of 2.2 years. </context> | us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized |
The total fair value of performance awards vested for the years ended December 31, 2024, 2023 and 2022, based on the weighted average grant date fair value in each respective year, was $ 33 million, $ 43 million and $ 60 million, respectively. As of December 31, 2024, total unrecognized compensation cost related to performance awards, net of estimated forfeitures, was $ 15 million, which is expected to be recognized over a weighted-average period of 1.8 years. | text | 33 | monetaryItemType | text: <entity> 33 </entity> <entity type> monetaryItemType </entity type> <context> The total fair value of performance awards vested for the years ended December 31, 2024, 2023 and 2022, based on the weighted average grant date fair value in each respective year, was $ 33 million, $ 43 million and $ 60 million, respectively. As of December 31, 2024, total unrecognized compensation cost related to performance awards, net of estimated forfeitures, was $ 15 million, which is expected to be recognized over a weighted-average period of 1.8 years. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
The total fair value of performance awards vested for the years ended December 31, 2024, 2023 and 2022, based on the weighted average grant date fair value in each respective year, was $ 33 million, $ 43 million and $ 60 million, respectively. As of December 31, 2024, total unrecognized compensation cost related to performance awards, net of estimated forfeitures, was $ 15 million, which is expected to be recognized over a weighted-average period of 1.8 years. | text | 43 | monetaryItemType | text: <entity> 43 </entity> <entity type> monetaryItemType </entity type> <context> The total fair value of performance awards vested for the years ended December 31, 2024, 2023 and 2022, based on the weighted average grant date fair value in each respective year, was $ 33 million, $ 43 million and $ 60 million, respectively. As of December 31, 2024, total unrecognized compensation cost related to performance awards, net of estimated forfeitures, was $ 15 million, which is expected to be recognized over a weighted-average period of 1.8 years. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
The total fair value of performance awards vested for the years ended December 31, 2024, 2023 and 2022, based on the weighted average grant date fair value in each respective year, was $ 33 million, $ 43 million and $ 60 million, respectively. As of December 31, 2024, total unrecognized compensation cost related to performance awards, net of estimated forfeitures, was $ 15 million, which is expected to be recognized over a weighted-average period of 1.8 years. | text | 60 | monetaryItemType | text: <entity> 60 </entity> <entity type> monetaryItemType </entity type> <context> The total fair value of performance awards vested for the years ended December 31, 2024, 2023 and 2022, based on the weighted average grant date fair value in each respective year, was $ 33 million, $ 43 million and $ 60 million, respectively. As of December 31, 2024, total unrecognized compensation cost related to performance awards, net of estimated forfeitures, was $ 15 million, which is expected to be recognized over a weighted-average period of 1.8 years. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
The total fair value of performance awards vested for the years ended December 31, 2024, 2023 and 2022, based on the weighted average grant date fair value in each respective year, was $ 33 million, $ 43 million and $ 60 million, respectively. As of December 31, 2024, total unrecognized compensation cost related to performance awards, net of estimated forfeitures, was $ 15 million, which is expected to be recognized over a weighted-average period of 1.8 years. | text | 15 | monetaryItemType | text: <entity> 15 </entity> <entity type> monetaryItemType </entity type> <context> The total fair value of performance awards vested for the years ended December 31, 2024, 2023 and 2022, based on the weighted average grant date fair value in each respective year, was $ 33 million, $ 43 million and $ 60 million, respectively. As of December 31, 2024, total unrecognized compensation cost related to performance awards, net of estimated forfeitures, was $ 15 million, which is expected to be recognized over a weighted-average period of 1.8 years. </context> | us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized |
The total fair value of cash-settled restricted stock awards vested during both the years ended December 31, 2024 and 2023, based on the weighted average grant date fair value, was $ 3 million. As of December 31, 2024, there was no unrecognized compensation cost related to cash-settled restricted stock awards. | text | no | monetaryItemType | text: <entity> no </entity> <entity type> monetaryItemType </entity type> <context> The total fair value of cash-settled restricted stock awards vested during both the years ended December 31, 2024 and 2023, based on the weighted average grant date fair value, was $ 3 million. As of December 31, 2024, there was no unrecognized compensation cost related to cash-settled restricted stock awards. </context> | us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized |
State Street Bank and certain of its U.S. subsidiaries participate in a non-contributory, tax-qualified defined benefit pension plan. The U.S. defined benefit pension plan was frozen as of December 31, 2007 and no new employees were eligible to participate after that date. We have agreed to contribute sufficient amounts as necessary to meet the benefits paid to plan participants and to fund the plan’s service cost, plus interest. U.S. employee account balances earn annual interest credits until the employee begins receiving benefits. Non-U.S. employees participate in local defined benefit plans which are funded as required in each local jurisdiction. In addition to the defined benefit pension plans, we have non-qualified unfunded SERPs that provide certain officers with defined pension benefits in excess of allowable qualified plan limits. State Street Bank and certain of its U.S. subsidiaries also participate in a post-retirement plan that provides health care benefits for certain retired employees. The total expense for these tax-qualified and non-qualified plans was $ 17 million, $ 16 million and $ 21 million in 2024, 2023 and 2022, respectively. | text | 17 | monetaryItemType | text: <entity> 17 </entity> <entity type> monetaryItemType </entity type> <context> State Street Bank and certain of its U.S. subsidiaries participate in a non-contributory, tax-qualified defined benefit pension plan. The U.S. defined benefit pension plan was frozen as of December 31, 2007 and no new employees were eligible to participate after that date. We have agreed to contribute sufficient amounts as necessary to meet the benefits paid to plan participants and to fund the plan’s service cost, plus interest. U.S. employee account balances earn annual interest credits until the employee begins receiving benefits. Non-U.S. employees participate in local defined benefit plans which are funded as required in each local jurisdiction. In addition to the defined benefit pension plans, we have non-qualified unfunded SERPs that provide certain officers with defined pension benefits in excess of allowable qualified plan limits. State Street Bank and certain of its U.S. subsidiaries also participate in a post-retirement plan that provides health care benefits for certain retired employees. The total expense for these tax-qualified and non-qualified plans was $ 17 million, $ 16 million and $ 21 million in 2024, 2023 and 2022, respectively. </context> | us-gaap:PensionAndOtherPostretirementBenefitExpense |
State Street Bank and certain of its U.S. subsidiaries participate in a non-contributory, tax-qualified defined benefit pension plan. The U.S. defined benefit pension plan was frozen as of December 31, 2007 and no new employees were eligible to participate after that date. We have agreed to contribute sufficient amounts as necessary to meet the benefits paid to plan participants and to fund the plan’s service cost, plus interest. U.S. employee account balances earn annual interest credits until the employee begins receiving benefits. Non-U.S. employees participate in local defined benefit plans which are funded as required in each local jurisdiction. In addition to the defined benefit pension plans, we have non-qualified unfunded SERPs that provide certain officers with defined pension benefits in excess of allowable qualified plan limits. State Street Bank and certain of its U.S. subsidiaries also participate in a post-retirement plan that provides health care benefits for certain retired employees. The total expense for these tax-qualified and non-qualified plans was $ 17 million, $ 16 million and $ 21 million in 2024, 2023 and 2022, respectively. | text | 16 | monetaryItemType | text: <entity> 16 </entity> <entity type> monetaryItemType </entity type> <context> State Street Bank and certain of its U.S. subsidiaries participate in a non-contributory, tax-qualified defined benefit pension plan. The U.S. defined benefit pension plan was frozen as of December 31, 2007 and no new employees were eligible to participate after that date. We have agreed to contribute sufficient amounts as necessary to meet the benefits paid to plan participants and to fund the plan’s service cost, plus interest. U.S. employee account balances earn annual interest credits until the employee begins receiving benefits. Non-U.S. employees participate in local defined benefit plans which are funded as required in each local jurisdiction. In addition to the defined benefit pension plans, we have non-qualified unfunded SERPs that provide certain officers with defined pension benefits in excess of allowable qualified plan limits. State Street Bank and certain of its U.S. subsidiaries also participate in a post-retirement plan that provides health care benefits for certain retired employees. The total expense for these tax-qualified and non-qualified plans was $ 17 million, $ 16 million and $ 21 million in 2024, 2023 and 2022, respectively. </context> | us-gaap:PensionAndOtherPostretirementBenefitExpense |
State Street Bank and certain of its U.S. subsidiaries participate in a non-contributory, tax-qualified defined benefit pension plan. The U.S. defined benefit pension plan was frozen as of December 31, 2007 and no new employees were eligible to participate after that date. We have agreed to contribute sufficient amounts as necessary to meet the benefits paid to plan participants and to fund the plan’s service cost, plus interest. U.S. employee account balances earn annual interest credits until the employee begins receiving benefits. Non-U.S. employees participate in local defined benefit plans which are funded as required in each local jurisdiction. In addition to the defined benefit pension plans, we have non-qualified unfunded SERPs that provide certain officers with defined pension benefits in excess of allowable qualified plan limits. State Street Bank and certain of its U.S. subsidiaries also participate in a post-retirement plan that provides health care benefits for certain retired employees. The total expense for these tax-qualified and non-qualified plans was $ 17 million, $ 16 million and $ 21 million in 2024, 2023 and 2022, respectively. | text | 21 | monetaryItemType | text: <entity> 21 </entity> <entity type> monetaryItemType </entity type> <context> State Street Bank and certain of its U.S. subsidiaries participate in a non-contributory, tax-qualified defined benefit pension plan. The U.S. defined benefit pension plan was frozen as of December 31, 2007 and no new employees were eligible to participate after that date. We have agreed to contribute sufficient amounts as necessary to meet the benefits paid to plan participants and to fund the plan’s service cost, plus interest. U.S. employee account balances earn annual interest credits until the employee begins receiving benefits. Non-U.S. employees participate in local defined benefit plans which are funded as required in each local jurisdiction. In addition to the defined benefit pension plans, we have non-qualified unfunded SERPs that provide certain officers with defined pension benefits in excess of allowable qualified plan limits. State Street Bank and certain of its U.S. subsidiaries also participate in a post-retirement plan that provides health care benefits for certain retired employees. The total expense for these tax-qualified and non-qualified plans was $ 17 million, $ 16 million and $ 21 million in 2024, 2023 and 2022, respectively. </context> | us-gaap:PensionAndOtherPostretirementBenefitExpense |
We recognize the funded status of our defined benefit pension plans and other post-retirement benefit plans, measured as the difference between the fair value of the plan assets and the projected benefit obligation, in the consolidated statement of position. The assets held by the defined benefit pension plans are largely made up of common, collective funds that are liquid and invest principally in U.S. equities and high-quality fixed-income investments. The majority of these assets fall within Level 2 of the fair value hierarchy. The benefit obligations associated with our primary U.S. and non-U.S. defined benefit plans, non-qualified unfunded supplemental retirement plans and post-retirement plans were $ 1.10 billion, $ 19 million and less than $ 1 million, respectively, as of December 31, 2024 and $ 1.16 billion, $ 25 million and $ 1 million, respectively, as of December 31, 2023. As the primary defined benefit plans are frozen, the benefit obligation will only vary over time as a result of changes in market interest rates, the life expectancy of the plan participants and payments made from the plans. The primary U.S. and non-U.S. defined benefit pension plans were overfunded by $ 26 million and $ 10 million | text | 1.10 | monetaryItemType | text: <entity> 1.10 </entity> <entity type> monetaryItemType </entity type> <context> We recognize the funded status of our defined benefit pension plans and other post-retirement benefit plans, measured as the difference between the fair value of the plan assets and the projected benefit obligation, in the consolidated statement of position. The assets held by the defined benefit pension plans are largely made up of common, collective funds that are liquid and invest principally in U.S. equities and high-quality fixed-income investments. The majority of these assets fall within Level 2 of the fair value hierarchy. The benefit obligations associated with our primary U.S. and non-U.S. defined benefit plans, non-qualified unfunded supplemental retirement plans and post-retirement plans were $ 1.10 billion, $ 19 million and less than $ 1 million, respectively, as of December 31, 2024 and $ 1.16 billion, $ 25 million and $ 1 million, respectively, as of December 31, 2023. As the primary defined benefit plans are frozen, the benefit obligation will only vary over time as a result of changes in market interest rates, the life expectancy of the plan participants and payments made from the plans. The primary U.S. and non-U.S. defined benefit pension plans were overfunded by $ 26 million and $ 10 million </context> | us-gaap:DefinedBenefitPlanBenefitObligation |
We recognize the funded status of our defined benefit pension plans and other post-retirement benefit plans, measured as the difference between the fair value of the plan assets and the projected benefit obligation, in the consolidated statement of position. The assets held by the defined benefit pension plans are largely made up of common, collective funds that are liquid and invest principally in U.S. equities and high-quality fixed-income investments. The majority of these assets fall within Level 2 of the fair value hierarchy. The benefit obligations associated with our primary U.S. and non-U.S. defined benefit plans, non-qualified unfunded supplemental retirement plans and post-retirement plans were $ 1.10 billion, $ 19 million and less than $ 1 million, respectively, as of December 31, 2024 and $ 1.16 billion, $ 25 million and $ 1 million, respectively, as of December 31, 2023. As the primary defined benefit plans are frozen, the benefit obligation will only vary over time as a result of changes in market interest rates, the life expectancy of the plan participants and payments made from the plans. The primary U.S. and non-U.S. defined benefit pension plans were overfunded by $ 26 million and $ 10 million | text | 19 | monetaryItemType | text: <entity> 19 </entity> <entity type> monetaryItemType </entity type> <context> We recognize the funded status of our defined benefit pension plans and other post-retirement benefit plans, measured as the difference between the fair value of the plan assets and the projected benefit obligation, in the consolidated statement of position. The assets held by the defined benefit pension plans are largely made up of common, collective funds that are liquid and invest principally in U.S. equities and high-quality fixed-income investments. The majority of these assets fall within Level 2 of the fair value hierarchy. The benefit obligations associated with our primary U.S. and non-U.S. defined benefit plans, non-qualified unfunded supplemental retirement plans and post-retirement plans were $ 1.10 billion, $ 19 million and less than $ 1 million, respectively, as of December 31, 2024 and $ 1.16 billion, $ 25 million and $ 1 million, respectively, as of December 31, 2023. As the primary defined benefit plans are frozen, the benefit obligation will only vary over time as a result of changes in market interest rates, the life expectancy of the plan participants and payments made from the plans. The primary U.S. and non-U.S. defined benefit pension plans were overfunded by $ 26 million and $ 10 million </context> | us-gaap:DefinedBenefitPlanBenefitObligation |
We recognize the funded status of our defined benefit pension plans and other post-retirement benefit plans, measured as the difference between the fair value of the plan assets and the projected benefit obligation, in the consolidated statement of position. The assets held by the defined benefit pension plans are largely made up of common, collective funds that are liquid and invest principally in U.S. equities and high-quality fixed-income investments. The majority of these assets fall within Level 2 of the fair value hierarchy. The benefit obligations associated with our primary U.S. and non-U.S. defined benefit plans, non-qualified unfunded supplemental retirement plans and post-retirement plans were $ 1.10 billion, $ 19 million and less than $ 1 million, respectively, as of December 31, 2024 and $ 1.16 billion, $ 25 million and $ 1 million, respectively, as of December 31, 2023. As the primary defined benefit plans are frozen, the benefit obligation will only vary over time as a result of changes in market interest rates, the life expectancy of the plan participants and payments made from the plans. The primary U.S. and non-U.S. defined benefit pension plans were overfunded by $ 26 million and $ 10 million | text | 1 | monetaryItemType | text: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> We recognize the funded status of our defined benefit pension plans and other post-retirement benefit plans, measured as the difference between the fair value of the plan assets and the projected benefit obligation, in the consolidated statement of position. The assets held by the defined benefit pension plans are largely made up of common, collective funds that are liquid and invest principally in U.S. equities and high-quality fixed-income investments. The majority of these assets fall within Level 2 of the fair value hierarchy. The benefit obligations associated with our primary U.S. and non-U.S. defined benefit plans, non-qualified unfunded supplemental retirement plans and post-retirement plans were $ 1.10 billion, $ 19 million and less than $ 1 million, respectively, as of December 31, 2024 and $ 1.16 billion, $ 25 million and $ 1 million, respectively, as of December 31, 2023. As the primary defined benefit plans are frozen, the benefit obligation will only vary over time as a result of changes in market interest rates, the life expectancy of the plan participants and payments made from the plans. The primary U.S. and non-U.S. defined benefit pension plans were overfunded by $ 26 million and $ 10 million </context> | us-gaap:DefinedBenefitPlanBenefitObligation |
We recognize the funded status of our defined benefit pension plans and other post-retirement benefit plans, measured as the difference between the fair value of the plan assets and the projected benefit obligation, in the consolidated statement of position. The assets held by the defined benefit pension plans are largely made up of common, collective funds that are liquid and invest principally in U.S. equities and high-quality fixed-income investments. The majority of these assets fall within Level 2 of the fair value hierarchy. The benefit obligations associated with our primary U.S. and non-U.S. defined benefit plans, non-qualified unfunded supplemental retirement plans and post-retirement plans were $ 1.10 billion, $ 19 million and less than $ 1 million, respectively, as of December 31, 2024 and $ 1.16 billion, $ 25 million and $ 1 million, respectively, as of December 31, 2023. As the primary defined benefit plans are frozen, the benefit obligation will only vary over time as a result of changes in market interest rates, the life expectancy of the plan participants and payments made from the plans. The primary U.S. and non-U.S. defined benefit pension plans were overfunded by $ 26 million and $ 10 million | text | 1.16 | monetaryItemType | text: <entity> 1.16 </entity> <entity type> monetaryItemType </entity type> <context> We recognize the funded status of our defined benefit pension plans and other post-retirement benefit plans, measured as the difference between the fair value of the plan assets and the projected benefit obligation, in the consolidated statement of position. The assets held by the defined benefit pension plans are largely made up of common, collective funds that are liquid and invest principally in U.S. equities and high-quality fixed-income investments. The majority of these assets fall within Level 2 of the fair value hierarchy. The benefit obligations associated with our primary U.S. and non-U.S. defined benefit plans, non-qualified unfunded supplemental retirement plans and post-retirement plans were $ 1.10 billion, $ 19 million and less than $ 1 million, respectively, as of December 31, 2024 and $ 1.16 billion, $ 25 million and $ 1 million, respectively, as of December 31, 2023. As the primary defined benefit plans are frozen, the benefit obligation will only vary over time as a result of changes in market interest rates, the life expectancy of the plan participants and payments made from the plans. The primary U.S. and non-U.S. defined benefit pension plans were overfunded by $ 26 million and $ 10 million </context> | us-gaap:DefinedBenefitPlanBenefitObligation |
We recognize the funded status of our defined benefit pension plans and other post-retirement benefit plans, measured as the difference between the fair value of the plan assets and the projected benefit obligation, in the consolidated statement of position. The assets held by the defined benefit pension plans are largely made up of common, collective funds that are liquid and invest principally in U.S. equities and high-quality fixed-income investments. The majority of these assets fall within Level 2 of the fair value hierarchy. The benefit obligations associated with our primary U.S. and non-U.S. defined benefit plans, non-qualified unfunded supplemental retirement plans and post-retirement plans were $ 1.10 billion, $ 19 million and less than $ 1 million, respectively, as of December 31, 2024 and $ 1.16 billion, $ 25 million and $ 1 million, respectively, as of December 31, 2023. As the primary defined benefit plans are frozen, the benefit obligation will only vary over time as a result of changes in market interest rates, the life expectancy of the plan participants and payments made from the plans. The primary U.S. and non-U.S. defined benefit pension plans were overfunded by $ 26 million and $ 10 million | text | 25 | monetaryItemType | text: <entity> 25 </entity> <entity type> monetaryItemType </entity type> <context> We recognize the funded status of our defined benefit pension plans and other post-retirement benefit plans, measured as the difference between the fair value of the plan assets and the projected benefit obligation, in the consolidated statement of position. The assets held by the defined benefit pension plans are largely made up of common, collective funds that are liquid and invest principally in U.S. equities and high-quality fixed-income investments. The majority of these assets fall within Level 2 of the fair value hierarchy. The benefit obligations associated with our primary U.S. and non-U.S. defined benefit plans, non-qualified unfunded supplemental retirement plans and post-retirement plans were $ 1.10 billion, $ 19 million and less than $ 1 million, respectively, as of December 31, 2024 and $ 1.16 billion, $ 25 million and $ 1 million, respectively, as of December 31, 2023. As the primary defined benefit plans are frozen, the benefit obligation will only vary over time as a result of changes in market interest rates, the life expectancy of the plan participants and payments made from the plans. The primary U.S. and non-U.S. defined benefit pension plans were overfunded by $ 26 million and $ 10 million </context> | us-gaap:DefinedBenefitPlanBenefitObligation |
We recognize the funded status of our defined benefit pension plans and other post-retirement benefit plans, measured as the difference between the fair value of the plan assets and the projected benefit obligation, in the consolidated statement of position. The assets held by the defined benefit pension plans are largely made up of common, collective funds that are liquid and invest principally in U.S. equities and high-quality fixed-income investments. The majority of these assets fall within Level 2 of the fair value hierarchy. The benefit obligations associated with our primary U.S. and non-U.S. defined benefit plans, non-qualified unfunded supplemental retirement plans and post-retirement plans were $ 1.10 billion, $ 19 million and less than $ 1 million, respectively, as of December 31, 2024 and $ 1.16 billion, $ 25 million and $ 1 million, respectively, as of December 31, 2023. As the primary defined benefit plans are frozen, the benefit obligation will only vary over time as a result of changes in market interest rates, the life expectancy of the plan participants and payments made from the plans. The primary U.S. and non-U.S. defined benefit pension plans were overfunded by $ 26 million and $ 10 million | text | 26 | monetaryItemType | text: <entity> 26 </entity> <entity type> monetaryItemType </entity type> <context> We recognize the funded status of our defined benefit pension plans and other post-retirement benefit plans, measured as the difference between the fair value of the plan assets and the projected benefit obligation, in the consolidated statement of position. The assets held by the defined benefit pension plans are largely made up of common, collective funds that are liquid and invest principally in U.S. equities and high-quality fixed-income investments. The majority of these assets fall within Level 2 of the fair value hierarchy. The benefit obligations associated with our primary U.S. and non-U.S. defined benefit plans, non-qualified unfunded supplemental retirement plans and post-retirement plans were $ 1.10 billion, $ 19 million and less than $ 1 million, respectively, as of December 31, 2024 and $ 1.16 billion, $ 25 million and $ 1 million, respectively, as of December 31, 2023. As the primary defined benefit plans are frozen, the benefit obligation will only vary over time as a result of changes in market interest rates, the life expectancy of the plan participants and payments made from the plans. The primary U.S. and non-U.S. defined benefit pension plans were overfunded by $ 26 million and $ 10 million </context> | us-gaap:DefinedBenefitPlanFundedStatusOfPlan |
We recognize the funded status of our defined benefit pension plans and other post-retirement benefit plans, measured as the difference between the fair value of the plan assets and the projected benefit obligation, in the consolidated statement of position. The assets held by the defined benefit pension plans are largely made up of common, collective funds that are liquid and invest principally in U.S. equities and high-quality fixed-income investments. The majority of these assets fall within Level 2 of the fair value hierarchy. The benefit obligations associated with our primary U.S. and non-U.S. defined benefit plans, non-qualified unfunded supplemental retirement plans and post-retirement plans were $ 1.10 billion, $ 19 million and less than $ 1 million, respectively, as of December 31, 2024 and $ 1.16 billion, $ 25 million and $ 1 million, respectively, as of December 31, 2023. As the primary defined benefit plans are frozen, the benefit obligation will only vary over time as a result of changes in market interest rates, the life expectancy of the plan participants and payments made from the plans. The primary U.S. and non-U.S. defined benefit pension plans were overfunded by $ 26 million and $ 10 million | text | 10 | monetaryItemType | text: <entity> 10 </entity> <entity type> monetaryItemType </entity type> <context> We recognize the funded status of our defined benefit pension plans and other post-retirement benefit plans, measured as the difference between the fair value of the plan assets and the projected benefit obligation, in the consolidated statement of position. The assets held by the defined benefit pension plans are largely made up of common, collective funds that are liquid and invest principally in U.S. equities and high-quality fixed-income investments. The majority of these assets fall within Level 2 of the fair value hierarchy. The benefit obligations associated with our primary U.S. and non-U.S. defined benefit plans, non-qualified unfunded supplemental retirement plans and post-retirement plans were $ 1.10 billion, $ 19 million and less than $ 1 million, respectively, as of December 31, 2024 and $ 1.16 billion, $ 25 million and $ 1 million, respectively, as of December 31, 2023. As the primary defined benefit plans are frozen, the benefit obligation will only vary over time as a result of changes in market interest rates, the life expectancy of the plan participants and payments made from the plans. The primary U.S. and non-U.S. defined benefit pension plans were overfunded by $ 26 million and $ 10 million </context> | us-gaap:DefinedBenefitPlanFundedStatusOfPlan |
as of December 31, 2024 and 2023, respectively. The non-qualified supplemental retirement plans were underfunded by $ 19 million and $ 25 million as of December 31, 2024 and 2023, respectively. The other post-retirement benefit plans were underfunded by less than $ 1 million and $ 1 million as of December 31, 2024 and 2023, respectively. The underfunded status is included in other liabilities. | text | 19 | monetaryItemType | text: <entity> 19 </entity> <entity type> monetaryItemType </entity type> <context> as of December 31, 2024 and 2023, respectively. The non-qualified supplemental retirement plans were underfunded by $ 19 million and $ 25 million as of December 31, 2024 and 2023, respectively. The other post-retirement benefit plans were underfunded by less than $ 1 million and $ 1 million as of December 31, 2024 and 2023, respectively. The underfunded status is included in other liabilities. </context> | us-gaap:DefinedBenefitPlanFundedStatusOfPlan |
as of December 31, 2024 and 2023, respectively. The non-qualified supplemental retirement plans were underfunded by $ 19 million and $ 25 million as of December 31, 2024 and 2023, respectively. The other post-retirement benefit plans were underfunded by less than $ 1 million and $ 1 million as of December 31, 2024 and 2023, respectively. The underfunded status is included in other liabilities. | text | 25 | monetaryItemType | text: <entity> 25 </entity> <entity type> monetaryItemType </entity type> <context> as of December 31, 2024 and 2023, respectively. The non-qualified supplemental retirement plans were underfunded by $ 19 million and $ 25 million as of December 31, 2024 and 2023, respectively. The other post-retirement benefit plans were underfunded by less than $ 1 million and $ 1 million as of December 31, 2024 and 2023, respectively. The underfunded status is included in other liabilities. </context> | us-gaap:DefinedBenefitPlanFundedStatusOfPlan |
as of December 31, 2024 and 2023, respectively. The non-qualified supplemental retirement plans were underfunded by $ 19 million and $ 25 million as of December 31, 2024 and 2023, respectively. The other post-retirement benefit plans were underfunded by less than $ 1 million and $ 1 million as of December 31, 2024 and 2023, respectively. The underfunded status is included in other liabilities. | text | 1 | monetaryItemType | text: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> as of December 31, 2024 and 2023, respectively. The non-qualified supplemental retirement plans were underfunded by $ 19 million and $ 25 million as of December 31, 2024 and 2023, respectively. The other post-retirement benefit plans were underfunded by less than $ 1 million and $ 1 million as of December 31, 2024 and 2023, respectively. The underfunded status is included in other liabilities. </context> | us-gaap:DefinedBenefitPlanFundedStatusOfPlan |
We contribute to employer-sponsored U.S. and non-U.S. defined contribution plans. Our contribution to these plans was $ 212 million, $ 194 million and $ 171 million in 2024, 2023 and 2022, respectively. | text | 212 | monetaryItemType | text: <entity> 212 </entity> <entity type> monetaryItemType </entity type> <context> We contribute to employer-sponsored U.S. and non-U.S. defined contribution plans. Our contribution to these plans was $ 212 million, $ 194 million and $ 171 million in 2024, 2023 and 2022, respectively. </context> | us-gaap:DefinedContributionPlanCostRecognized |
We contribute to employer-sponsored U.S. and non-U.S. defined contribution plans. Our contribution to these plans was $ 212 million, $ 194 million and $ 171 million in 2024, 2023 and 2022, respectively. | text | 194 | monetaryItemType | text: <entity> 194 </entity> <entity type> monetaryItemType </entity type> <context> We contribute to employer-sponsored U.S. and non-U.S. defined contribution plans. Our contribution to these plans was $ 212 million, $ 194 million and $ 171 million in 2024, 2023 and 2022, respectively. </context> | us-gaap:DefinedContributionPlanCostRecognized |
We contribute to employer-sponsored U.S. and non-U.S. defined contribution plans. Our contribution to these plans was $ 212 million, $ 194 million and $ 171 million in 2024, 2023 and 2022, respectively. | text | 171 | monetaryItemType | text: <entity> 171 </entity> <entity type> monetaryItemType </entity type> <context> We contribute to employer-sponsored U.S. and non-U.S. defined contribution plans. Our contribution to these plans was $ 212 million, $ 194 million and $ 171 million in 2024, 2023 and 2022, respectively. </context> | us-gaap:DefinedContributionPlanCostRecognized |
As of December 31, 2024 and 2023, we had finance leases for information technology equipment of $ 67 million and $ 119 million, respectively, recorded in premises and equipment, with the related liability of $ 79 million and $ 130 million, respectively, recorded in long-term debt, in our consolidated statement of condition. | text | 67 | monetaryItemType | text: <entity> 67 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, we had finance leases for information technology equipment of $ 67 million and $ 119 million, respectively, recorded in premises and equipment, with the related liability of $ 79 million and $ 130 million, respectively, recorded in long-term debt, in our consolidated statement of condition. </context> | us-gaap:FinanceLeaseRightOfUseAsset |
As of December 31, 2024 and 2023, we had finance leases for information technology equipment of $ 67 million and $ 119 million, respectively, recorded in premises and equipment, with the related liability of $ 79 million and $ 130 million, respectively, recorded in long-term debt, in our consolidated statement of condition. | text | 119 | monetaryItemType | text: <entity> 119 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, we had finance leases for information technology equipment of $ 67 million and $ 119 million, respectively, recorded in premises and equipment, with the related liability of $ 79 million and $ 130 million, respectively, recorded in long-term debt, in our consolidated statement of condition. </context> | us-gaap:FinanceLeaseRightOfUseAsset |
As of December 31, 2024 and 2023, we had finance leases for information technology equipment of $ 67 million and $ 119 million, respectively, recorded in premises and equipment, with the related liability of $ 79 million and $ 130 million, respectively, recorded in long-term debt, in our consolidated statement of condition. | text | 79 | monetaryItemType | text: <entity> 79 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, we had finance leases for information technology equipment of $ 67 million and $ 119 million, respectively, recorded in premises and equipment, with the related liability of $ 79 million and $ 130 million, respectively, recorded in long-term debt, in our consolidated statement of condition. </context> | us-gaap:FinanceLeaseLiability |
As of December 31, 2024 and 2023, we had finance leases for information technology equipment of $ 67 million and $ 119 million, respectively, recorded in premises and equipment, with the related liability of $ 79 million and $ 130 million, respectively, recorded in long-term debt, in our consolidated statement of condition. | text | 130 | monetaryItemType | text: <entity> 130 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, we had finance leases for information technology equipment of $ 67 million and $ 119 million, respectively, recorded in premises and equipment, with the related liability of $ 79 million and $ 130 million, respectively, recorded in long-term debt, in our consolidated statement of condition. </context> | us-gaap:FinanceLeaseLiability |
Finance lease right-of-use asset amortization is recorded in information systems and communications expense on a straight-line basis in our consolidated statement of income over the respective lease term. Lease payments are recorded as a reduction of the liability, with a portion recorded as imputed interest expense. Accumulated amortization of the finance lease right-of-use assets was $ 135 million as of December 31, 2024. Interest expense related to the finance lease obligation reflected in NII was $ 3 million and $ 5 million in 2024 and 2023, respectively. | text | 135 | monetaryItemType | text: <entity> 135 </entity> <entity type> monetaryItemType </entity type> <context> Finance lease right-of-use asset amortization is recorded in information systems and communications expense on a straight-line basis in our consolidated statement of income over the respective lease term. Lease payments are recorded as a reduction of the liability, with a portion recorded as imputed interest expense. Accumulated amortization of the finance lease right-of-use assets was $ 135 million as of December 31, 2024. Interest expense related to the finance lease obligation reflected in NII was $ 3 million and $ 5 million in 2024 and 2023, respectively. </context> | us-gaap:FinanceLeaseRightOfUseAssetAccumulatedAmortization |
Finance lease right-of-use asset amortization is recorded in information systems and communications expense on a straight-line basis in our consolidated statement of income over the respective lease term. Lease payments are recorded as a reduction of the liability, with a portion recorded as imputed interest expense. Accumulated amortization of the finance lease right-of-use assets was $ 135 million as of December 31, 2024. Interest expense related to the finance lease obligation reflected in NII was $ 3 million and $ 5 million in 2024 and 2023, respectively. | text | 3 | monetaryItemType | text: <entity> 3 </entity> <entity type> monetaryItemType </entity type> <context> Finance lease right-of-use asset amortization is recorded in information systems and communications expense on a straight-line basis in our consolidated statement of income over the respective lease term. Lease payments are recorded as a reduction of the liability, with a portion recorded as imputed interest expense. Accumulated amortization of the finance lease right-of-use assets was $ 135 million as of December 31, 2024. Interest expense related to the finance lease obligation reflected in NII was $ 3 million and $ 5 million in 2024 and 2023, respectively. </context> | us-gaap:FinanceLeaseInterestExpense |
Finance lease right-of-use asset amortization is recorded in information systems and communications expense on a straight-line basis in our consolidated statement of income over the respective lease term. Lease payments are recorded as a reduction of the liability, with a portion recorded as imputed interest expense. Accumulated amortization of the finance lease right-of-use assets was $ 135 million as of December 31, 2024. Interest expense related to the finance lease obligation reflected in NII was $ 3 million and $ 5 million in 2024 and 2023, respectively. | text | 5 | monetaryItemType | text: <entity> 5 </entity> <entity type> monetaryItemType </entity type> <context> Finance lease right-of-use asset amortization is recorded in information systems and communications expense on a straight-line basis in our consolidated statement of income over the respective lease term. Lease payments are recorded as a reduction of the liability, with a portion recorded as imputed interest expense. Accumulated amortization of the finance lease right-of-use assets was $ 135 million as of December 31, 2024. Interest expense related to the finance lease obligation reflected in NII was $ 3 million and $ 5 million in 2024 and 2023, respectively. </context> | us-gaap:FinanceLeaseInterestExpense |
As of December 31, 2024, aggregate net book value of the operating lease right-of-use assets recorded in other assets was $ 818 million, with the related lease liability recorded in accrued expenses and other liabilities in our consolidated statement of condition. | text | 818 | monetaryItemType | text: <entity> 818 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, aggregate net book value of the operating lease right-of-use assets recorded in other assets was $ 818 million, with the related lease liability recorded in accrued expenses and other liabilities in our consolidated statement of condition. </context> | us-gaap:OperatingLeaseRightOfUseAsset |
As of December 31, 2024, we have additional operating and finance leases, primarily for office space and equipment, that have not yet commenced with approximately $ 207 million of undiscounted future minimum lease payments. These leases will commence in fiscal year 2025 with lease terms ranging from 3 to 11 years. | text | 207 | monetaryItemType | text: <entity> 207 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, we have additional operating and finance leases, primarily for office space and equipment, that have not yet commenced with approximately $ 207 million of undiscounted future minimum lease payments. These leases will commence in fiscal year 2025 with lease terms ranging from 3 to 11 years. </context> | us-gaap:UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount |
In 2024, we recorded a net repositioning release of $ 2 million, including a $ 15 million release reflected in compensation and employee benefits expenses, partially offset by $ 13 million of occupancy charges related to footprint optimization. | text | 2 | monetaryItemType | text: <entity> 2 </entity> <entity type> monetaryItemType </entity type> <context> In 2024, we recorded a net repositioning release of $ 2 million, including a $ 15 million release reflected in compensation and employee benefits expenses, partially offset by $ 13 million of occupancy charges related to footprint optimization. </context> | us-gaap:RestructuringCharges |
In 2024, we recorded a net repositioning release of $ 2 million, including a $ 15 million release reflected in compensation and employee benefits expenses, partially offset by $ 13 million of occupancy charges related to footprint optimization. | text | 15 | monetaryItemType | text: <entity> 15 </entity> <entity type> monetaryItemType </entity type> <context> In 2024, we recorded a net repositioning release of $ 2 million, including a $ 15 million release reflected in compensation and employee benefits expenses, partially offset by $ 13 million of occupancy charges related to footprint optimization. </context> | us-gaap:RestructuringCharges |
In 2024, we recorded a net repositioning release of $ 2 million, including a $ 15 million release reflected in compensation and employee benefits expenses, partially offset by $ 13 million of occupancy charges related to footprint optimization. | text | 13 | monetaryItemType | text: <entity> 13 </entity> <entity type> monetaryItemType </entity type> <context> In 2024, we recorded a net repositioning release of $ 2 million, including a $ 15 million release reflected in compensation and employee benefits expenses, partially offset by $ 13 million of occupancy charges related to footprint optimization. </context> | us-gaap:RestructuringCharges |
In 2023, we recorded net repositioning charges of approximately $ 203 million to enable the next phase of our productivity efforts to streamline operations and technology, and improve efficiency. Expenses for 2023 included $ 182 million of compensation and employee benefits expenses related to workforce rationalization and $ 21 million of occupancy costs related to real estate footprint optimization. | text | 203 | monetaryItemType | text: <entity> 203 </entity> <entity type> monetaryItemType </entity type> <context> In 2023, we recorded net repositioning charges of approximately $ 203 million to enable the next phase of our productivity efforts to streamline operations and technology, and improve efficiency. Expenses for 2023 included $ 182 million of compensation and employee benefits expenses related to workforce rationalization and $ 21 million of occupancy costs related to real estate footprint optimization. </context> | us-gaap:RestructuringCharges |
In 2023, we recorded net repositioning charges of approximately $ 203 million to enable the next phase of our productivity efforts to streamline operations and technology, and improve efficiency. Expenses for 2023 included $ 182 million of compensation and employee benefits expenses related to workforce rationalization and $ 21 million of occupancy costs related to real estate footprint optimization. | text | 182 | monetaryItemType | text: <entity> 182 </entity> <entity type> monetaryItemType </entity type> <context> In 2023, we recorded net repositioning charges of approximately $ 203 million to enable the next phase of our productivity efforts to streamline operations and technology, and improve efficiency. Expenses for 2023 included $ 182 million of compensation and employee benefits expenses related to workforce rationalization and $ 21 million of occupancy costs related to real estate footprint optimization. </context> | us-gaap:RestructuringCharges |
In 2023, we recorded net repositioning charges of approximately $ 203 million to enable the next phase of our productivity efforts to streamline operations and technology, and improve efficiency. Expenses for 2023 included $ 182 million of compensation and employee benefits expenses related to workforce rationalization and $ 21 million of occupancy costs related to real estate footprint optimization. | text | 21 | monetaryItemType | text: <entity> 21 </entity> <entity type> monetaryItemType </entity type> <context> In 2023, we recorded net repositioning charges of approximately $ 203 million to enable the next phase of our productivity efforts to streamline operations and technology, and improve efficiency. Expenses for 2023 included $ 182 million of compensation and employee benefits expenses related to workforce rationalization and $ 21 million of occupancy costs related to real estate footprint optimization. </context> | us-gaap:RestructuringCharges |
Undistributed indefinitely reinvested earnings of certain foreign subsidiaries amounted to approximately $ 8.38 billion at December 31, 2024. As a result, no provision has been recorded for state and local or foreign withholding income taxes. If a distribution were to occur, we would be subject to state, local and to foreign withholding tax. It is expected that any distribution will be exempt from federal income tax. Although the foreign withholding tax is generally creditable against U.S. federal income tax, certain credit utilization limitations may result in a net cost. | text | 8.38 | monetaryItemType | text: <entity> 8.38 </entity> <entity type> monetaryItemType </entity type> <context> Undistributed indefinitely reinvested earnings of certain foreign subsidiaries amounted to approximately $ 8.38 billion at December 31, 2024. As a result, no provision has been recorded for state and local or foreign withholding income taxes. If a distribution were to occur, we would be subject to state, local and to foreign withholding tax. It is expected that any distribution will be exempt from federal income tax. Although the foreign withholding tax is generally creditable against U.S. federal income tax, certain credit utilization limitations may result in a net cost. </context> | us-gaap:UndistributedEarningsOfForeignSubsidiaries |
At December 31, 2024, 2023 and 2022, the gross unrecognized tax benefits, excluding interest, were $ 237 million, $ 237 million and $ 285 million, respectively. Of this, the amounts that would reduce the effective tax rate, if recognized, are $ 220 million, $ 197 million and $ 272 million, respectively. The reduction in the effective tax rate includes the federal benefit for unrecognized state tax benefits. | text | 237 | monetaryItemType | text: <entity> 237 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, 2023 and 2022, the gross unrecognized tax benefits, excluding interest, were $ 237 million, $ 237 million and $ 285 million, respectively. Of this, the amounts that would reduce the effective tax rate, if recognized, are $ 220 million, $ 197 million and $ 272 million, respectively. The reduction in the effective tax rate includes the federal benefit for unrecognized state tax benefits. </context> | us-gaap:UnrecognizedTaxBenefits |
At December 31, 2024, 2023 and 2022, the gross unrecognized tax benefits, excluding interest, were $ 237 million, $ 237 million and $ 285 million, respectively. Of this, the amounts that would reduce the effective tax rate, if recognized, are $ 220 million, $ 197 million and $ 272 million, respectively. The reduction in the effective tax rate includes the federal benefit for unrecognized state tax benefits. | text | 285 | monetaryItemType | text: <entity> 285 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, 2023 and 2022, the gross unrecognized tax benefits, excluding interest, were $ 237 million, $ 237 million and $ 285 million, respectively. Of this, the amounts that would reduce the effective tax rate, if recognized, are $ 220 million, $ 197 million and $ 272 million, respectively. The reduction in the effective tax rate includes the federal benefit for unrecognized state tax benefits. </context> | us-gaap:UnrecognizedTaxBenefits |
At December 31, 2024, 2023 and 2022, the gross unrecognized tax benefits, excluding interest, were $ 237 million, $ 237 million and $ 285 million, respectively. Of this, the amounts that would reduce the effective tax rate, if recognized, are $ 220 million, $ 197 million and $ 272 million, respectively. The reduction in the effective tax rate includes the federal benefit for unrecognized state tax benefits. | text | 220 | monetaryItemType | text: <entity> 220 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, 2023 and 2022, the gross unrecognized tax benefits, excluding interest, were $ 237 million, $ 237 million and $ 285 million, respectively. Of this, the amounts that would reduce the effective tax rate, if recognized, are $ 220 million, $ 197 million and $ 272 million, respectively. The reduction in the effective tax rate includes the federal benefit for unrecognized state tax benefits. </context> | us-gaap:UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate |
At December 31, 2024, 2023 and 2022, the gross unrecognized tax benefits, excluding interest, were $ 237 million, $ 237 million and $ 285 million, respectively. Of this, the amounts that would reduce the effective tax rate, if recognized, are $ 220 million, $ 197 million and $ 272 million, respectively. The reduction in the effective tax rate includes the federal benefit for unrecognized state tax benefits. | text | 197 | monetaryItemType | text: <entity> 197 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, 2023 and 2022, the gross unrecognized tax benefits, excluding interest, were $ 237 million, $ 237 million and $ 285 million, respectively. Of this, the amounts that would reduce the effective tax rate, if recognized, are $ 220 million, $ 197 million and $ 272 million, respectively. The reduction in the effective tax rate includes the federal benefit for unrecognized state tax benefits. </context> | us-gaap:UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate |
At December 31, 2024, 2023 and 2022, the gross unrecognized tax benefits, excluding interest, were $ 237 million, $ 237 million and $ 285 million, respectively. Of this, the amounts that would reduce the effective tax rate, if recognized, are $ 220 million, $ 197 million and $ 272 million, respectively. The reduction in the effective tax rate includes the federal benefit for unrecognized state tax benefits. | text | 272 | monetaryItemType | text: <entity> 272 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, 2023 and 2022, the gross unrecognized tax benefits, excluding interest, were $ 237 million, $ 237 million and $ 285 million, respectively. Of this, the amounts that would reduce the effective tax rate, if recognized, are $ 220 million, $ 197 million and $ 272 million, respectively. The reduction in the effective tax rate includes the federal benefit for unrecognized state tax benefits. </context> | us-gaap:UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate |
It is reasonably possible that of the $ 237 million of unrecognized tax benefits as of December 31, 2024, up to $ 37 million could decrease within the next 12 months due to agreements with tax authorities and the expiration of statutes of limitations. Management believes that we have sufficient accrued liabilities as of December 31, 2024 for tax exposures and related interest expense. | text | 237 | monetaryItemType | text: <entity> 237 </entity> <entity type> monetaryItemType </entity type> <context> It is reasonably possible that of the $ 237 million of unrecognized tax benefits as of December 31, 2024, up to $ 37 million could decrease within the next 12 months due to agreements with tax authorities and the expiration of statutes of limitations. Management believes that we have sufficient accrued liabilities as of December 31, 2024 for tax exposures and related interest expense. </context> | us-gaap:UnrecognizedTaxBenefits |
It is reasonably possible that of the $ 237 million of unrecognized tax benefits as of December 31, 2024, up to $ 37 million could decrease within the next 12 months due to agreements with tax authorities and the expiration of statutes of limitations. Management believes that we have sufficient accrued liabilities as of December 31, 2024 for tax exposures and related interest expense. | text | 37 | monetaryItemType | text: <entity> 37 </entity> <entity type> monetaryItemType </entity type> <context> It is reasonably possible that of the $ 237 million of unrecognized tax benefits as of December 31, 2024, up to $ 37 million could decrease within the next 12 months due to agreements with tax authorities and the expiration of statutes of limitations. Management believes that we have sufficient accrued liabilities as of December 31, 2024 for tax exposures and related interest expense. </context> | us-gaap:DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible |
Income tax expense included related interest and penalties of approximately $ 8 million, $ 7 million and $ 8 million in 2024, 2023 and 2022, respectively. Total accrued interest and penalties were approximately $ 21 million as of both December 31, 2024 and 2023, and $ 15 million as of December 31, 2022. | text | 8 | monetaryItemType | text: <entity> 8 </entity> <entity type> monetaryItemType </entity type> <context> Income tax expense included related interest and penalties of approximately $ 8 million, $ 7 million and $ 8 million in 2024, 2023 and 2022, respectively. Total accrued interest and penalties were approximately $ 21 million as of both December 31, 2024 and 2023, and $ 15 million as of December 31, 2022. </context> | us-gaap:IncomeTaxExaminationInterestExpense |
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