v3.24.2.u1
Derivative Instruments (Tables)
 6 Months Ended
Jun. 30, 2024
Summary of Gross Fair Values of Individual Derivative Instruments
The following tables summarize the gross fair values of individual derivative instruments and the impact of legal rights of offset as reported in the Consolidated Balance Sheets as of June 30, 2024 and December 31, 2023:
June 30, 2024December 31, 2023
Gross
Amounts of
Recognized
Assets /
Liabilities		Gross
Amounts
Offset in the
Consolidated
Balance Sheet		Net Amounts
of Assets/
Liabilities
Presented
in the Consolidated
Balance Sheet		Gross Amount
of Collateral
Received /
Pledged Not
Offset in the
Consolidated
Balance 
Sheet		Net
Amount		Gross
Amounts of
Recognized
Assets /
Liabilities		Gross
Amounts
Offset in the
Consolidated
Balance Sheet		Net Amounts
of Assets/
Liabilities
Presented
in the Consolidated
Balance Sheet		Gross Amount
of Collateral
Received /
Pledged Not
Offset in the
Consolidated
Balance 
Sheet		Net
Amount
Other assets:
Interest rate swaps$18 $— $18 $— $18 $25 $— $25 $— $25 
Warrants1 — 1 — 1 1 — 1 — 1 
Total non-VIE derivative assets$18 $— $18 $— $18 $26 $— $26 $— $26 
Other liabilities:
Interest rate swaps$25 $— $25 $25 $— $35 $— $35 $35 $— 
FX forward— — — — — — — — — — 
Total non-VIE derivative liabilities$26 $— $26 $25 $— $35 $— $35 $35 $— 
Variable interest entities assets: Derivative and other assets:
Interest rate swaps$174 $— $174 $174 $— $190 $— $190 $190 $— 
Currency swaps34 — 34 34 — 36 — 36 36 — 
Total VIE derivative assets$208 $— $208 $208 $— $226 $— $226 $226 $— 
Variable Interest Entities Derivative Liabilities:
Interest rate swaps$1,136 $— $1,136 $— $1,136 $1,197 $— $1,197 $— $1,197 
Total VIE derivative liabilities$1,136 $— $1,136 $— $1,136 $1,197 $— $1,197 $— $1,197 
Summary of Location and Amount of Gains and Losses of Derivative Contracts
The following tables summarize the location and amount of gains and losses of derivative contracts in the Unaudited Consolidated Statements of Total Comprehensive Income (Loss) for the three and six months ended June 30, 2024 and 2023:
Location of Gain (Loss)
Recognized in
Consolidated Statements of Total
Comprehensive Income (Loss)		Amount of Gain (Loss) Recognized in Consolidated Statement of Total Comprehensive Income (Loss)
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Non-VIE derivatives:
Interest rate swapsNet gains (losses) on derivative contracts1 1 2 (3)
WarrantsNet gains (losses) on derivative contracts— — — — 
FX ForwardNet gains (losses) on derivative contracts— — — — 
Total Non-VIE derivatives$— $— 2 (3)
Variable Interest Entities:
Currency swapsIncome (loss) on variable interest entities$— $(1)2 (3)
Interest rate swapsIncome (loss) on variable interest entities43 97 57 (2)
Total Variable Interest Entities44 96 59 (5)
Total derivative contracts$44 $97 $61 $(8)
Summary of Notional Amounts of AFS's Trading Derivative Products As of June 30, 2024 and
December 31, 2023, the notional amounts of AFS’s derivatives are as follows:
Notional
Type of DerivativeJune 30,
2024		December 31,
2023
Interest rate swaps—pay-fixed/receive-variable$140 $141 
Interest rate swaps—receive-fixed/pay-variable159 167 
Variable Interest Entity, Primary Beneficiary [Member]  
Summary of Notional Amounts of AFS's Trading Derivative Products The notional amounts for VIE derivatives outstanding as of June 30, 2024 and December 31, 2023, were as follows:
Notional
Type of VIE DerivativeJune 30,
2024		December 31,
2023
Interest rate swaps—receive-fixed/pay-variable$1,648 $1,662 
Interest rate swaps—pay-fixed/receive-variable820 864 
Currency swaps136 149