v3.23.1
SECURITIES BORROWING AND LENDING (Tables)
 3 Months Ended
Mar. 31, 2023
Offsetting [Abstract]  
Schedule of Assets Subject to Master Netting Arrangement
The following tables set forth certain balances related to our securities borrowing and lending activities as of December 31, 2022 and March 31, 2023:
December 31,March 31,
(in millions)20222023
AssetsSecurities borrowed
Gross amount of securities borrowed$517 $844 
Gross amount offset on the consolidated balance sheets— — 
Amounts of assets presented on the consolidated balance sheets517 844 
Gross amount of securities borrowed not offset on the consolidated balance sheets:
Securities borrowed517 844 
Security collateral received(509)(846)
Net amount$8 $(2)
LiabilitiesSecurities loaned
Gross amount of securities loaned$1,834 $2,609 
Gross amount of securities loaned offset on the consolidated balance sheets— — 
Amounts of liabilities presented on the consolidated balance sheets1,834 2,609 
Gross amount of securities loaned not offset on the consolidated balance sheets:
Securities loaned1,834 2,609 
Security collateral pledged(1,629)(2,368)
Net amount$205 $241 
Schedule of liabilities Subject to Master Netting Arrangement
The following tables set forth certain balances related to our securities borrowing and lending activities as of December 31, 2022 and March 31, 2023:
December 31,March 31,
(in millions)20222023
AssetsSecurities borrowed
Gross amount of securities borrowed$517 $844 
Gross amount offset on the consolidated balance sheets— — 
Amounts of assets presented on the consolidated balance sheets517 844 
Gross amount of securities borrowed not offset on the consolidated balance sheets:
Securities borrowed517 844 
Security collateral received(509)(846)
Net amount$8 $(2)
LiabilitiesSecurities loaned
Gross amount of securities loaned$1,834 $2,609 
Gross amount of securities loaned offset on the consolidated balance sheets— — 
Amounts of liabilities presented on the consolidated balance sheets1,834 2,609 
Gross amount of securities loaned not offset on the consolidated balance sheets:
Securities loaned1,834 2,609 
Security collateral pledged(1,629)(2,368)
Net amount$205 $241