The Charles Schwab Corporation (SCHW) 10-K 23 Feb 24 2023 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2023	Jan. 31, 2024	Jun. 30, 2023
Entity Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	1-9700
Entity Registrant Name	SCHWAB CHARLES CORP
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	94-3025021
Entity Address, Address Line One	3000 Schwab Way
Entity Address, City or Town	Westlake
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	76262
City Area Code	817
Local Phone Number	859-5000
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 94.1
Documents Incorporated by Reference	Part III of this Form 10-K incorporates certain information contained in the registrant’s definitive proxy statement for its annual meeting of stockholders, to be held May 23, 2024, by reference to that document.
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Entity Central Index Key	0000316709
Common Stock – $.01 par value per share
Entity Information [Line Items]
Title of 12(b) Security	Common Stock – $.01 par value per share
Trading Symbol	SCHW
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding (shares)		1,773,475,323
Depositary Shares, each representing a 1/40th ownership interest in a share of 5.95% Non-Cumulative Preferred Stock, Series D
Entity Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/40th ownership interest in a share of 5.95% Non-Cumulative Preferred Stock, Series D
Trading Symbol	SCHW PrD
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/40th ownership interest in a share of 4.450% Non-Cumulative Preferred Stock, Series J
Entity Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/40th ownership interest in a share of 4.450% Non-Cumulative Preferred Stock, Series J
Trading Symbol	SCHW PrJ
Security Exchange Name	NYSE
Nonvoting Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding (shares)		50,893,695

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2023
Auditor Information [Abstract]
Auditor Firm ID	34
Auditor Name	DELOITTE & TOUCHE LLP
Auditor Location	Dallas, TX

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Net Revenues
Interest revenue		$ 16,111	$ 12,227	$ 8,506
Interest expense		(6,684)	(1,545)	(476)
Net interest revenue		9,427	10,682	8,030
Total net revenues		18,837	20,762	18,520
Expenses Excluding Interest
Compensation and benefits		6,315	5,936	5,450
Professional services		1,058	1,032	994
Occupancy and equipment		1,254	1,175	976
Advertising and market development		397	419	485
Communications		629	588	587
Depreciation and amortization	[1]	804	652	549
Amortization of acquired intangible assets	[1]	534	596	615
Regulatory fees and assessments		547	262	275
Other		921	714	876
Total expenses excluding interest		12,459	11,374	10,807
Income before taxes on income		6,378	9,388	7,713
Taxes on income		1,311	2,205	1,858
Net Income	[1]	5,067	7,183	5,855
Preferred stock dividends and other		418	548	495
Net Income Available to Common Stockholders		$ 4,649	$ 6,635	$ 5,360
Weighted-Average Common Shares Outstanding:
Basic (in shares)		1,824	1,885	1,887
Diluted (in shares)		1,831	1,894	1,897
Earnings Per Common Shares Outstanding
Basic (in USD per share)	[2]	$ 2.55	$ 3.52	$ 2.84
Diluted (in USD per share)	[2]	$ 2.54	$ 3.50	$ 2.83
Asset management and administration fees
Net Revenues
Revenues from contracts with customers	[3]	$ 4,756	$ 4,216	$ 4,274
Trading revenue
Net Revenues
Revenues from contracts with customers		3,230	3,673	4,152
Bank deposit account fees
Net Revenues
Revenues from contracts with customers		705	1,409	1,315
Other
Net Revenues
Revenues from contracts with customers		$ 719	$ 782	$ 749
[1] Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information. The Company has voting and nonvoting common stock outstanding. As the participation rights, including dividend and liquidation rights, are identical between the voting and nonvoting stock classes, basic and diluted earnings per share are the same for each class. See Notes 19 and 25 for additional information. No fee waivers were recognized for the year ended December 31, 2023. Includes fee waivers of $57 million and $326 million for the years ended December 31, 2022 and 2021, respectively.

Consolidated Statements of In_2

Consolidated Statements of Income (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Fee waivers	$ 0	$ 57	$ 326

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income	[1]	$ 5,067	$ 7,183	$ 5,855
Change in net unrealized gain (loss) on available for sale securities:
Net unrealized gain (loss) excluding transfers to held to maturity		3,539	(29,100)	(8,521)
Reclassification of net unrealized loss transferred to held to maturity		0	18,228	0
Other reclassifications included in other revenue		61	9	(4)
Change in net unrealized gain (loss) on held to maturity securities:
Reclassification of net unrealized loss transferred from available for sale		0	(18,228)	0
Amortization of amounts previously recorded upon transfer to held to maturity from available for sale		2,474	707	0
Other		(35)	60	(11)
Other comprehensive income (loss), before tax		6,039	(28,324)	(8,536)
Income tax effect		(1,549)	6,812	2,033
Other comprehensive income (loss), net of tax		4,490	(21,512)	(6,503)
Comprehensive Income (Loss)		$ 9,557	$ (14,329)	$ (648)
[1] Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information.

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions		Dec. 31, 2023	Dec. 31, 2022
Assets
Cash and cash equivalents	[1],[2]	$ 43,337	$ 40,195
Cash and investments segregated and on deposit for regulatory purposes (including resale agreements of $8,844 and $12,159 at December 31, 2023 and 2022, respectively)	[3]	31,836	42,983
Receivables from brokerage clients — net	[3]	68,667	66,591
Available for sale securities	[3]	107,646	147,871
Held to maturity securities (including assets pledged of $3,703 and $4,522 at December 31, 2023 and 2022, respectively)	[3]	159,452	173,074
Bank loans — net	[3]	40,439	40,505
Equipment, office facilities, and property — net	[3]	3,690	3,714
Goodwill	[3]	11,951	11,951
Acquired intangible assets — net	[3]	8,260	8,789
Other assets	[3]	17,900	16,099
Total assets	[3]	493,178	551,772
Liabilities and Stockholders’ Equity
Bank deposits	[3]	289,953	366,724
Payables to brokerage clients	[3]	84,786	97,438
Accrued expenses and other liabilities	[3]	18,400	13,124
Other short-term borrowings	[3]	6,553	4,650
Federal Home Loan Bank borrowings	[3]	26,400	12,400
Long-term debt	[3]	26,128	20,828
Total liabilities	[3]	452,220	515,164
Stockholders’ equity:
Preferred stock — $.01 par value per share; aggregate liquidation preference of $9,329 and $9,850 at December 31, 2023 and 2022, respectively	[3]	9,191	9,706
Additional paid-in capital	[3]	27,330	27,075
Retained earnings	[3]	33,901	31,066
Treasury stock, at cost — 250,678,452 and 221,033,042 shares at December 31, 2023 and 2022, respectively	[3]	(11,354)	(8,639)
Accumulated other comprehensive income (loss)	[3]	(18,131)	(22,621)
Total stockholders’ equity	[3]	40,958	36,608
Total liabilities and stockholders’ equity	[3]	493,178	551,772
Common Stock
Stockholders’ equity:
Common stock	[3]	20	20
Nonvoting Common Stock
Stockholders’ equity:
Common stock	[3]	$ 1	$ 1
[1] Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information. For more information on the nature of restrictions on restricted cash and cash equivalents, see Note 23. Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions		Dec. 31, 2023	Dec. 31, 2022
Cash and investments segregated and on deposit for regulatory purposes, resale agreements	[1]	$ 8,844	$ 12,159
Amortized cost of available for sale securities	[1]	116,336	160,162
Held to maturity securities, fair value		147,091	158,936
Available for sale securities, assets pledged	[1]	107,646	147,871
Held to maturity securities, assets pledged	[1]	$ 159,452	$ 173,074
Preferred stock, par value (in USD per share)	[1]	$ 0.01	$ 0.01
Preferred stock, aggregate liquidation preference	[1]	$ 9,329	$ 9,850
Treasury stock (in shares)	[1]	250,678,452	221,033,042
Asset Pledged as Collateral
Available for sale securities, assets pledged	[1]	$ 1,733	$ 41
Held to maturity securities, assets pledged		$ 3,703	$ 4,522
Common Stock
Common stock, shares authorized (in shares)	[1]	3,000,000,000	3,000,000,000
Common stock, par value (in USD per share)	[1]	$ 0.01	$ 0.01
Common stock, shares issued (in shares)		2,023,295,180	2,023,295,180	[1]
Nonvoting Common Stock
Common stock, shares authorized (in shares)	[1]	300,000,000	300,000,000
Common stock, par value (in USD per share)	[1]	$ 0.01	$ 0.01
Common stock, shares issued (in shares)		50,893,695	50,893,695	[1]
[1] Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information.

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) shares in Millions, $ in Millions	Total		Common Stock	Nonvoting Common Stock	Preferred Stock	Common Stock	Common Stock Common Stock	Common Stock Nonvoting Common Stock	Additional Paid-In Capital	Retained Earnings	Treasury Stock, at cost	Treasury Stock, at cost Common Stock	Treasury Stock, at cost Nonvoting Common Stock	Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period at Dec. 31, 2020	$ 56,060				$ 7,733		$ 20	$ 1	$ 26,515	$ 21,975	$ (5,578)			$ 5,394
Beginning balance (in shares) at Dec. 31, 2020							1,995	79
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	5,855	[1]	$ 5,610	$ 245						5,855
Other comprehensive income (loss), net of tax	(6,503)													(6,503)
Issuance of preferred stock, net	2,806				2,806
Redemption of preferred stock	(600)				(585)					(15)
Dividends declared on preferred stock	(456.1)									(456)
Dividends declared on common stock	(1,367)									(1,367)
Stock option exercises and other	221								(84)		305
Share-based compensation	229								229
Other	16								81		(65)
Balance at end of period at Dec. 31, 2021	56,261				9,954		$ 20	$ 1	26,741	25,992	(5,338)			(1,109)
Ending balance (in shares) at Dec. 31, 2021							1,995	79
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	7,183	[1]	6,926	257						7,183
Other comprehensive income (loss), net of tax	(21,512)													(21,512)
Issuance of preferred stock, net	740				740
Redemption of preferred stock	(1,000)				(988)					(12)
Dividends declared on preferred stock	(504.6)									(505)
Dividends declared on common stock	(1,592)									(1,592)
Repurchase of stock (in shares)						32	15	15
Repurchase of stock			(2,435)	(1,000)		$ (2,400)						$ (2,435)	$ (1,000)
Conversion of nonvoting common stock to common stock (in shares)							13	(13)
Stock option exercises and other	64								(124)		188
Share-based compensation	348								348
Other	56								110		(54)
Balance at end of period at Dec. 31, 2022	36,608	[2]			9,706		$ 20	$ 1	27,075	31,066	(8,639)			(22,621)
Ending balance (in shares) at Dec. 31, 2022							2,023	51
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	5,067	[1]	$ 4,925	$ 142						5,067
Other comprehensive income (loss), net of tax	4,490													4,490
Redemption and repurchase of preferred stock, inclusive of tax	(471)				(515)					44
Dividends declared on preferred stock	(438.4)									(438)
Dividends declared on common stock	(1,838)									(1,838)
Repurchase of stock (in shares)						37
Repurchase of stock	(2,866)					$ (2,800)					(2,866)
Stock option exercises and other	49								(145)		194
Share-based compensation	294								294
Other	63								106		(43)
Balance at end of period at Dec. 31, 2023	$ 40,958	[2]			$ 9,191		$ 20	$ 1	$ 27,330	$ 33,901	$ (11,354)			$ (18,131)
Ending balance (in shares) at Dec. 31, 2023							2,023	51
[1] Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information. Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information.

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Stockholders' Equity [Abstract]
Dividends declared on common stock (in USD per share)	$ 1	$ 0.84	$ 0.72

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Cash Flows from Operating Activities
Net income	[1]	$ 5,067		$ 7,183		$ 5,855
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Share-based compensation	[1]	320		366		254
Depreciation and amortization	[1]	804		652		549
Amortization of acquired intangible assets	[1]	534		596		615
Provision (benefit) for deferred income taxes	[1]	(478)		(18)		53
Premium amortization, net, on available for sale and held to maturity securities	[1]	830		1,375		2,346
Other	[1]	702		490		372
Net change in:
Investments segregated and on deposit for regulatory purposes	[1]	23,759		(874)		(3,398)
Receivables from brokerage clients	[1]	(2,135)		23,947		(26,168)
Other assets	[1]	(2,020)		99		(1,152)
Payables to brokerage clients	[1]	(12,652)		(28,233)		21,470
Accrued expenses and other liabilities	[1]	4,856		(3,526)		1,322
Net cash provided by (used for) operating activities	[1]	19,587		2,057		2,118
Cash Flows from Investing Activities
Purchases of available for sale securities	[1]	(1,487)		(51,009)		(171,732)
Proceeds from sales of available for sale securities	[1]	8,465		24,704		13,306
Principal payments on available for sale securities	[1]	36,508		49,944		94,912
Principal payments on held to maturity securities	[1]	15,461		15,712		0
Net change in bank loans	[1]	99		(5,788)		(10,845)
Purchases of equipment, office facilities, and property	[1]	(700)		(971)		(916)
Purchases of FHLB stock	[1]	(1,869)		(518)		0
Proceeds from sales of FHLB stock	[1]	1,344		19		0
Purchases of Federal Reserve stock	[1]	(221)		(106)		(245)
Proceeds from sales of Federal Reserve stock	[1]	98		197		0
Other investing activities	[1]	(287)		(136)		(143)
Net cash provided by (used for) investing activities	[1]	57,411		32,048		(75,663)
Cash Flows from Financing Activities
Net change in bank deposits	[1]	(76,771)		(77,054)		85,756
Proceeds from FHLB borrowings	[1]	49,200		12,504		0
Repayments of FHLB borrowings	[1]	(35,200)		(104)		0
Proceeds from other short-term borrowings	[1]	17,000		20,891		11,107
Repayments of other short-term borrowings	[1]	(15,104)		(21,100)		(6,255)
Issuances of long-term debt	[1]	6,097		2,971		7,036
Repayments of long-term debt	[1]	(831)		(1,036)		(1,822)
Repurchases of common stock and nonvoting common stock	[1]	(2,842)		(3,395)		0
Issuance of preferred stock, net	[1]	0		740		2,806
Redemption and repurchase of preferred stock	[1]	(467)		(1,000)		(600)
Dividends paid	[1]	(2,276)		(2,110)		(1,822)
Proceeds from stock options exercised	[1]	49		64		221
Other financing activities	[1]	(100)		(94)		(104)
Net cash provided by (used for) financing activities	[1]	(61,245)		(68,723)		96,323
Increase (Decrease) in Cash and Cash Equivalents, including Amounts Restricted	[1]	15,753		(34,618)		22,778
Cash and Cash Equivalents, including Amounts Restricted at Beginning of Year	[1]	58,720	[2]	93,338	[2]	70,560
Cash and Cash Equivalents, including Amounts Restricted at End of Year	[1],[2]	74,473		58,720		93,338
Non-cash investing activity:
Securities transferred from available for sale to held to maturity, at fair value	[1]	0		188,555		0
Changes in accrued equipment, office facilities, and property purchases	[1]	104		(19)		125
Non-cash financing activity:
Common stock repurchased during the period but settled after period end	[1]	0		40		0
Cash paid during the period for:
Interest	[1]	5,623		1,355		501
Income taxes	[1]	1,620		2,130		2,053
Amounts included in the measurement of lease liabilities	[1]	255		228		212
Leased assets obtained in exchange for new operating lease liabilities	[1]	118		274		89
Leased assets obtained in exchange for new finance lease liabilities	[1]	$ 48		$ 4		$ 109
[1] Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information. For more information on the nature of restrictions on restricted cash and cash equivalents, see Note 23.

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Millions		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Reconciliation of cash, cash equivalents and amounts reported within the balance sheet
Cash and cash equivalents	[1],[2]	$ 43,337	$ 40,195	$ 62,975
Restricted cash and cash equivalents amounts included in cash and investments segregated and on deposit for regulatory purposes	[1],[2]	31,136	18,525	30,363
Total cash and cash equivalents, including amounts restricted shown in the statement of cash flows	[1],[2]	$ 74,473	$ 58,720	$ 93,338
[1] Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information. For more information on the nature of restrictions on restricted cash and cash equivalents, see Note 23.

Introduction and Basis of Prese

Introduction and Basis of Presentation	12 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Introduction and Basis of Presentation	Introduction and Basis of Presentation The Charles Schwab Corporation (CSC) is a savings and loan holding company. CSC engages, through its subsidiaries (collectively referred to as Schwab or the Company), in wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. Principal business subsidiaries of CSC include the following: • Charles Schwab & Co., Inc. (CS&Co), incorporated in 1971, a securities broker-dealer; • TD Ameritrade, Inc., an introducing securities broker-dealer; • TD Ameritrade Clearing, Inc. (TDAC), a securities broker-dealer that provides trade execution and clearing services to TD Ameritrade, Inc.; • Charles Schwab Bank, SSB (CSB), our principal banking entity; and • Charles Schwab Investment Management, Inc. (CSIM), the investment advisor for Schwab’s proprietary mutual funds (Schwab Funds ® ) and for Schwab’s exchange-traded funds (Schwab ETFs ™ ). Schwab’s securities broker-dealers have over 380 domestic branch offices in 48 states and the District of Columbia, as well as locations in Puerto Rico, the United Kingdom, Hong Kong, and Singapore. Unless otherwise indicated, the terms “Schwab,” “the Company,” “we,” “us,” or “our” mean CSC together with its consolidated subsidiaries. The accompanying consolidated financial statements include CSC and its subsidiaries. Intercompany balances and transactions have been eliminated. These consolidated financial statements have been prepared in conformity with GAAP, which require management to make certain estimates and assumptions that affect the reported amounts in the accompanying financial statements and in the related disclosures. These estimates are based on information available as of the date of the consolidated financial statements. While management makes its best judgment, actual amounts or results could differ from these estimates. Certain estimates relate to taxes on income and legal and regulatory reserves. Reclassifications: Certain prior period amounts have been reclassified to conform to the current period presentation. Beginning in 2023, Federal Home Loan Bank borrowings are presented separately from other short-term borrowings in the consolidated balance sheets. Prior period amounts have been reclassified to reflect these changes. Corresponding presentation changes have been made to the consolidated statements of cash flows and related notes also impacted. Principles of Consolidation Schwab evaluates all entities in which it has financial interests for consolidation, except for money market funds, which are specifically excluded from consolidation guidance. When an entity is evaluated for consolidation, Schwab determines whether its interest in the entity constitutes a controlling financial interest under either the variable interest entity (VIE) model or the voting interest entity (VOE) model. In evaluating whether Schwab’s interest in a VIE is a controlling financial interest, we consider whether our involvement in the context of the design, purpose, and risks of the VIE, as well as any involvement of related parties, provides us with (i) the power to direct the most significant activities of the VIE, and (ii) the obligation to absorb losses or receive benefits that are significant to the VIE. If both of these conditions exist, then Schwab would be the primary beneficiary of that VIE and consolidate it. Based upon the assessments for all of our interests in VIEs, there are no cases where the Company is the primary beneficiary; therefore, we are not required to consolidate any VIEs. See Note 10 for further information about VIEs. Schwab consolidates all VOEs in which it has majority-voting interests. Investments in entities in which Schwab does not have a controlling financial interest are accounted for under the equity method of accounting when we have the ability to exercise significant influence over operating and financing decisions of the entity or by accounting policy for investments in certain types of limited liability entities. Investments in entities for which Schwab does not apply the equity method are generally carried at cost and adjusted for impairment and observable price changes of the identical or similar investments of the same issuer (adjusted cost method), except for certain investments in qualified affordable housing projects which are accounted for under the proportional amortization method. All equity method, adjusted cost method, and proportional amortization method investments are included in other assets on the consolidated balance sheets.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Revenue recognition Net interest revenue Net interest revenue is not within the scope of Accounting Standards Codification (ASC) 606 Revenue From Contracts With Customers (ASC 606), because it is generated from financial instruments covered by various other areas of GAAP. Net interest revenue is the difference between interest generated on interest-earning assets and interest paid on funding sources. Our primary interest-earning assets include cash and cash equivalents; segregated cash and investments; margin loans; investment securities; and bank loans. Fees earned and incurred on securities borrowing and lending activities, which are conducted by the Company’s broker-dealer subsidiaries on assets held in client brokerage accounts, are also included in interest revenue and expense. Asset management and administration fees The majority of asset management and administration fees are generated through our proprietary and third-party mutual fund and ETF offerings, as well as fee-based advisory solutions. Mutual fund and ETF service fees are charged for investment management, shareholder, and administration services provided to Schwab Funds ® and Schwab ETFs ™ , as well as recordkeeping, shareholder, and administration services provided to third-party funds. Advice solutions fees are charged for brokerage and asset management services provided to advice solutions clients. Both mutual fund and ETF service fees and advice solutions fees are earned and recognized over time. Fees are generally based on a percentage of the daily value of assets under management and are collected on a monthly or quarterly basis. Trading revenue Trading revenue is primarily generated through commissions earned for executing trades for clients in individual equities, options, fixed income securities, and certain third-party mutual funds and ETFs, as well as order flow revenue. Commissions revenue is earned when the trades are executed and collected when the trades are settled. Order flow revenue is comprised of payments received from trade execution venues to which our broker-dealer subsidiaries send equity and option orders. Order flow revenue is recognized when the trades are executed and is collected on a monthly or quarterly basis. Bank deposit account fees Bank deposit account fees consist of revenues resulting from sweep programs offered to certain clients whereby uninvested client cash is swept off-balance sheet to FDIC-insured (up to specified limits) accounts at the TD Depository Institutions. The Company provides marketing, recordkeeping, and support services related to these sweep programs to the TD Depository Institutions in exchange for bank deposit account fees. These revenues are based on floating and fixed yields as elected by the Company subject to certain requirements, less interest paid to clients and other applicable fees. Bank deposit account fees are earned and recognized over time and collected on a monthly basis. Other revenue Other revenue includes exchange processing fees, service fees, and other gains and losses from the sale of assets. Generally, the most significant portion of other revenue is exchange processing fees, which are comprised of fees the Company’s broker-dealer subsidiaries charge clients to offset the exchange processing fees imposed on us by third-parties. Exchange processing fees are earned and collected when the trade is executed and are recognized gross of amounts remitted to the third-parties, which are included in other expenses. Unsatisfied performance obligations We do not have any unsatisfied performance obligations other than those that are subject to an elective practical expedient under ASC 606. The practical expedient applies to and is elected for contracts where we recognize revenue at the amount to which we have the right to invoice for services performed. Cash and cash equivalents Schwab considers all highly liquid investments that mature in three months or less from the time of acquisition and that are not segregated and on deposit for regulatory purposes to be cash and cash equivalents. Cash and cash equivalents include money market funds, deposits with banks, certificates of deposit, commercial paper, and U.S. Treasury securities. Cash and cash equivalents also include balances that our banking subsidiaries maintain at the Federal Reserve. Cash and investments segregated and on deposit for regulatory purposes Pursuant to the Customer Protection Rule and other applicable regulations, Schwab maintains cash or qualified securities in segregated reserve accounts for the exclusive benefit of clients. Cash and investments segregated and on deposit for regulatory purposes include resale agreements, certificates of deposit, and U.S. Government securities. See Resale and repurchase agreements below in this Note 2 for further information on the resale agreements. Certificates of deposit and U.S. Government securities are recorded at fair value and unrealized gains and losses are included in earnings. Receivables from brokerage clients Receivables from brokerage clients include margin loans and other trading receivables from brokerage clients. Margin loans are collateralized by client securities and are carried at the amount receivable, net of an allowance for credit losses. Collateral is required to be maintained at specified minimum levels at all times. The Company monitors margin levels and requires clients to provide additional collateral, or reduce margin positions, to meet minimum collateral requirements if the fair value of the collateral changes. Schwab applies the practical expedient based on collateral maintenance provisions under ASC 326 Financial Instruments – Credit Losses (ASC 326), in estimating an allowance for credit losses for margin loans. This practical expedient can be applied for financial assets with collateral maintenance provisions requiring the borrower to continually adjust the amount of the collateral securing the financial assets as a result of fair value changes in the collateral. In accordance with the practical expedient, when the Company reasonably expects that borrowers (or counterparties, as applicable) will replenish the collateral as required, there is no expectation of credit losses when the collateral’s fair value is greater than the amortized cost of the financial asset. If the amortized cost exceeds the fair value of collateral, then credit losses are estimated only on the unsecured portion. An allowance for credit losses on unsecured or partially secured receivables from brokerage clients is estimated based on the aging of those receivables. Unsecured balances due to confirmed fraud are reserved immediately. The Company’s policy is to charge off any unsecured margin loans, including the accrued interest on such loans, no later than at 90 days past due. Accrued interest charged off is recognized as credit loss expense and is included in other expenses in the consolidated statements of income. Clients with margin loans have agreed to allow Schwab to pledge collateralized securities in accordance with federal regulations. The collateral is not reflected in the consolidated financial statements. Other securities owned and securities sold but not yet purchased Other securities owned and securities sold but not yet purchased are included in other assets and accrued expenses and other liabilities, respectively, on the consolidated balance sheets and recorded at fair value based on quoted market prices or other observable market data. Unrealized gains and losses are included in earnings. Client-held fractional shares are included in other securities owned for client positions where off-balance sheet treatment pursuant to ASC 940 Financial Services – Brokers and Dealers is not applicable and the derecognition criteria in ASC 860 Transfers and Servicing, are not met. These client-held fractional shares have related repurchase liabilities that are accounted for at fair value with unrealized gains and losses included in earnings. See Fair values of assets and liabilities below in this Note 2 for further information on these repurchase liabilities. Investment securities AFS investment securities are recorded at fair value and unrealized gains and losses, other than losses related to credit factors, are reported, net of taxes, in AOCI included in stockholders’ equity. HTM investment securities are recorded at amortized cost, net of any allowance for credit losses, based on the Company’s positive intent and ability to hold these securities to maturity. Realized gains and losses from sales of AFS investment securities are determined using the specific-identification method and are included in other revenue. Interest income on investment securities is recognized using the effective interest method based on the contractual terms of the security. Where applicable, prepayments are accounted for as they occur (i.e., prepayments are not estimated). Accrued interest receivable for AFS and HTM investment securities is included in other assets in the Company’s consolidated balance sheets. An AFS investment security is impaired if the fair value of the security is less than its amortized cost basis. Management evaluates AFS investment securities with unrealized losses to determine whether the security’s impairment has resulted from a credit loss or other factors. This evaluation is performed quarterly on an individual security basis. The evaluation of whether the AFS security impairment has resulted from a credit loss is inherently judgmental. This evaluation considers multiple factors including: the financial condition of the issuer; the payment structure of the security; external credit ratings; our internal credit ratings; the security’s market implied credit spread; for asset-backed securities, the amount of credit support provided by the structure of the security to absorb credit losses on the underlying collateral; recent events specific to the issuer and the issuer’s industry; and whether all scheduled principal and interest payments have been received. If management determines that the impairment of an AFS investment security (or a portion of the impairment) is related to credit losses, an allowance for credit losses is recorded for that security through a charge to earnings. The allowance for credit losses on AFS investment securities is measured as the difference between the amortized cost and the present value of expected cash flows and is limited to the difference between amortized cost and the fair value of the security. The Company estimates credit losses on a discounted cash flow basis using the security’s effective interest rate. If it is determined that the Company intends to sell the impaired security or if it is more likely than not that the Company will be required to sell the security before any anticipated recovery of the amortized cost basis, any allowance for credit losses of that security will be written off and the amortized cost basis of the security will be written down to fair value with any incremental impairment recorded through earnings. The Company separately evaluates its HTM investment securities for any expected credit losses. If HTM investment securities share risk characteristics, management evaluates those securities on a collective basis. An allowance for credit losses is recorded through a charge to earnings based on an estimate of current expected credit losses over the remaining expected lives of the HTM investment securities. Management reviews the allowance for credit losses quarterly, taking into consideration current conditions, reasonable and supportable forecasts, past events, and historical experience that affect the expected collectability of the reported amounts. For the purposes of identifying and measuring impairment of AFS investment securities and for the purposes of estimating the allowance for credit losses on all investment securities, the Company excludes accrued interest from the amortized cost basis and when applicable, the fair value, of investment securities. Changes in the allowance for credit losses on investment securities are recorded through earnings in the period of the change. For some of the AFS and HTM investment securities the Company has an expectation that nonpayment of the amortized cost basis is zero based on a long history with no credit losses and considering current conditions and reasonable and supportable forecasts. This applies to a limited set of securities that are guaranteed by the U.S. Treasury, U.S. government agencies, and sovereign entities of high credit quality. The expectation that nonpayment of the amortized cost basis is zero is continually reevaluated. AFS and HTM investment securities are placed on nonaccrual status on a timely basis and any accrued interest receivable is reversed through interest income. Resale and repurchase agreements Resale and repurchase agreements are accounted for as collateralized financing transactions with a receivable or payable recorded at their contractual amounts plus accrued interest. Schwab’s resale agreements are typically collateralized by U.S. Government and agency securities and the receivable is included in cash and investments segregated and on deposit for regulatory purposes in the consolidated balance sheets. Securities received under resale agreements are not recorded on the consolidated balance sheets. Securities transferred to counterparties under repurchase agreements continue to be recognized on the Company’s consolidated balance sheets in the respective financial statement line item and at the respective measurement basis. Payables for repurchase agreements are included in short-term borrowings on the consolidated balance sheets. The Company monitors its collateral requirements under these agreements daily and collateral is adjusted to ensure full collateralization. Interest received or paid is recorded in interest revenue or interest expense, respectively. Schwab applies the practical expedient based on collateral maintenance provisions in estimating an allowance for credit losses for resale agreements. Securities borrowed and securities loaned Securities borrowing and lending transactions are accounted for as collateralized financing transactions. Securities borrowed transactions require Schwab to deliver cash to the lender in exchange for securities; the receivables from these transactions are included in other assets on the consolidated balance sheets. For securities loaned, Schwab receives collateral in the form of cash in an amount equal to or greater than the market value of securities loaned; the payables from these transactions are included in accrued expenses and other liabilities on the consolidated balance sheets. The market value of securities borrowed and loaned is monitored and collateral is adjusted to ensure full collateralization. Fees received or paid are recorded in interest revenue or interest expense. Schwab applies the practical expedient based on collateral maintenance provisions in estimating an allowance for credit losses for securities borrowed receivables. Bank loans and related allowance for loan losses Bank loans held for investments are recorded at amortized cost, which is comprised of the contractual principal amounts adjusted for unamortized direct origination costs or net purchase discounts or premiums. Direct origination costs and premiums and discounts are recognized in interest revenue using the effective interest method over the contractual life of the loan and are adjusted for actual prepayments. Additionally, management estimates an allowance for credit losses, which is deducted from the amortized cost basis of loans to arrive at the amount expected to be collected. The bank loan portfolio includes three portfolio segments: residential real estate, PALs, and other loans. We use these segments when developing and documenting our methodology for determining the allowance for credit losses. The residential real estate portfolio segment is divided into two classes of financing receivables for purposes of monitoring and assessing credit risk: First Mortgages and HELOCs. Schwab records an allowance for credit losses through a charge to earnings based on our estimate of current expected credit losses for the existing portfolio. We review the allowance for credit losses quarterly, taking into consideration current economic conditions, reasonable and supportable forecasts, the composition of the existing loan portfolio, past loss experience, and any other risks inherent in the portfolio to ensure that the allowance for credit losses is maintained at an appropriate level. PALs are collateralized by marketable securities with liquid markets. Credit lines are over-collateralized and borrowers are required to maintain collateral at specified levels at all times. The required collateral levels are determined based on the type of security pledged. Additionally, collateral market value is monitored on a daily basis and a borrower’s credit line may be reduced or collateral may be liquidated if the collateral is in danger of falling below specified levels. As such, the credit loss inherent within this portfolio is limited. Schwab applies the practical expedient based on collateral maintenance provisions in estimating an allowance for credit losses for PALs. The methodology to establish an allowance for credit losses for the residential real estate portfolio segment utilizes statistical models that estimate prepayments, defaults, and expected losses for this portfolio segment based on predicted behavior of individual loans within the segment. The methodology also evaluates concentrations in the classes of financing receivables, including loan products within those classes, year of origination, and geographical distribution of collateral. Expected credit losses are estimated using a loan-level model that projects each loan’s behavior over its term based on forecasted voluntary housing turnover, the rates of refinancing, delinquency transition rates, and severity of loss. The model takes into account the current relevant risk indicators, including each loan’s term and structure, current delinquency status, and the estimated current LTV ratio, as well as borrower FICO scores and current key interest rates including U.S. Treasury, SOFR, Prime, and mortgage rates. The more significant variables in the model include delinquency roll rates, housing prices, interest rates, and the unemployment rate. Delinquency roll rates (i.e., the rates at which loans transition through delinquency stages and ultimately result in a loss) are estimated from our historical loss experience over a full economic cycle. Loss severity (i.e., loss given default) estimates are based on forecasted net equity associated with each loan and property, as well as loss experience and market trends, both current and forecasted. Housing price trends are derived from historical home price indices and econometric forecasts of future home values. Factors affecting the home price index include housing inventory, unemployment, interest rates, and inflation expectations. Mortgage rates are estimated based on forecasted spread, while the rest of the interest rates used by the model are projected based on the forward rates. The unemployment rate forecast is typically based on the recent consensus of regularly published economic surveys. Linear interpolation is applied to revert to long-term trends after the reasonable and supportable forecast period. The methodology described above results in loss factors that are applied to the amortized cost basis of loans, exclusive of accrued interest receivable, to determine the allowance for credit losses for First Mortgages and HELOCs. Management also estimates a liability for expected credit losses on the Company’s commitments to extend credit related to unused HELOCs and commitments to purchase First Mortgages. See Note 14 for additional information on these commitments. The liability is calculated by applying the loss factors described above to the commitments expected to be funded and is included in accrued expenses and other liabilities on the consolidated balance sheets. The liability for expected credit losses on these commitments and related activity were immaterial for all periods presented. Nonaccrual, nonperforming and impaired loans First Mortgages, HELOCs, PALs, and other loans are placed on nonaccrual status upon becoming 90 days past due as to interest or principal (unless the loans are well-secured and in the process of collection), or when the full timely collection of interest or principal becomes uncertain, including loans to borrowers who have filed for bankruptcy. HELOC loans secured by a second lien are placed on non-accrual status if the associated first lien is 90 days or more delinquent, regardless of the payment status of the HELOC. When a loan is placed on nonaccrual status, the accrued and unpaid interest receivable is reversed and the loan is accounted for on the cash or cost recovery method until qualifying for return to accrual status. Generally, a nonaccrual loan may be returned to accrual status when all delinquent interest and principal is repaid and the borrower demonstrates a sustained period of performance, or when the loan is both well-secured and in the process of collection and collectability is no longer doubtful. Loans on nonaccrual status and other real estate owned are considered nonperforming assets. Loan charge-offs The Company charges off a loan in the period that it is deemed uncollectible and records a reduction in the allowance for credit losses and the loan balance. Our charge-off policy for First Mortgage and HELOC loans is to assess the value of the property when the loan has been delinquent for 180 days or has been discharged in bankruptcy proceedings, regardless of whether the property is in foreclosure, and charge off the amount of the loan balance in excess of the estimated current value of the underlying property less estimated costs to sell. The Company’s policy for PALs is to charge off any unsecured balances no later than at 90 days past due. Equipment, office facilities, and property Equipment, office facilities, and property are recorded at cost net of accumulated depreciation and amortization, except for land, which is recorded at cost. Equipment, office facilities, and property include certain capitalized costs of acquired or internally developed software. Costs for internally developed software are capitalized when the costs relate to development of approved projects for our internal needs that result in additional functionality. Costs related to preliminary project and post-project activities are expensed as incurred. Equipment, office facilities, and property (other than land) are depreciated on a straight-line basis over their estimated useful lives. Estimated useful lives are as follows: All equipment types and furniture 3 to 10 years Buildings 40 years Building and land improvements 20 years Software 3 to 10 years (1) Leasehold improvements Lesser of useful life or lease term (1) Amortized over contractual term if shorter than the estimated useful life. Equipment, office facilities, and property are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset group related to such assets may not be recoverable. Impairment charges are recorded in other expenses. Goodwill Goodwill is not amortized but is tested for impairment annually or whenever indications of impairment exist. Impairment exists when the carrying amount of a reporting unit exceeds its estimated fair value, resulting in an impairment charge for this excess, with the maximum charge limited to the carrying value of goodwill allocated to that reporting unit. Our annual impairment testing date is April 1 st . Schwab can elect to qualitatively assess goodwill for impairment if it is more likely than not that the fair value of a reporting unit exceeds its carrying value. A qualitative assessment considers macroeconomic and other industry-specific factors, such as trends in short-term and long-term interest rates and the ability to access capital, and Company specific factors such as market capitalization in excess of net assets, trends in revenue generating activities, and merger or acquisition activity. If the Company elects to bypass qualitatively assessing goodwill, or it is not more likely than not that the fair value of a reporting unit exceeds its carrying value, management estimates the fair values of each of the Company’s reporting units (defined as the Company’s businesses for which financial information is available and reviewed regularly by management) and compares it to their carrying values. The estimated fair values of the reporting units are established using an income approach based on a discounted cash flow model that includes significant assumptions about the future operating results and cash flows of each reporting unit, a market approach which compares each reporting unit to comparable companies in their respective industries, as well as a market capitalization analysis. Intangible assets Finite-lived intangible assets are amortized over their useful lives in a manner that best reflects their economic benefit. All intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. Low-income housing tax credit (LIHTC) investments We account for investments in qualified affordable housing projects using the proportional amortization method if the applicable requirements are met. The proportional amortization method amortizes the cost of the investment over the period in which the investor expects to receive tax credits and other tax benefits, and the resulting amortization is recognized as a component of taxes on income. The carrying value of LIHTC investments is included in other assets on the consolidated balance sheets. Unfunded commitments related to LIHTC investments are included in accrued expenses and other liabilities on the consolidated balance sheets. Leases Leases primarily consist of operating leases for corporate offices, branch locations, and server equipment. We determine if an arrangement is a lease at inception. Leases with an initial term of 12 months or less are not recorded on the balance sheet; we recognize lease expense for these leases on a straight-line basis over the lease term. The Company has also elected to not record leases acquired in a business combination on the balance sheet if the remaining term as of the acquisition date is 12 months or less. Right-of-use (ROU) assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. At the commencement date, we determine classification as either an operating lease or finance lease, and the ROU asset and lease liability are recognized based on the present value of lease payments over the lease term. The lease liability may include payments that depend on a rate or index (such as the Consumer Price Index), measured using the rate or index at the commencement date. Payments that vary because of changes in facts or circumstances occurring after the commencement date are considered variable. These payments are not recognized as part of the lease liability and are expensed in the period incurred. Lease expense for operating leases is recognized on a straight-line basis over the lease term. The amortization of finance lease ROU assets and the interest expense on finance lease liabilities are recognized over the lease term as depreciation and interest expense, respectively. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. We have lease agreements with lease and non-lease components. For the majority of our leases (real estate leases), the Company has elected the practical expedient to account for the lease and non-lease components as a single lease component. We have not elected the practical expedient for equipment leases and account for lease and non-lease components separately for that class of leases. As the rates implicit in our leases are not readily determinable, we use our incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. Our lease terms may include periods covered by options to extend when it is reasonably certain that we will exercise those options. The lease terms may also include periods covered by options to terminate when it is reasonably certain that we will not exercise that option. The ROU assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset group related to such assets may not be recoverable. Impairment charges are recorded in other expense. In certain situations, the Company may also abandon a lease prior to the end of its lease term. Once the Company has committed to a plan to abandon the lease, the amortization period of the ROU asset is shortened to the abandonment date. Advertising and market development Advertising and market development activities include the cost to produce and distribute marketing campaigns as well as client incentives and discounts. Where it applies to these costs, the Company’s accounting policy is to expense when incurred. Income taxes Schwab provides for income taxes on all transactions that have been recognized in the consolidated financial statements. Accordingly, deferred tax assets are adjusted to reflect the tax rates at which future taxable amounts will likely be settled or realized. The effects of tax rate changes on future deferred tax assets and deferred tax liabilities, as well as other changes in income tax laws, are recorded in earnings in the period such changes are enacted. Uncertain tax positions are evaluated to determine whether they are more likely than not to be sustained upon examination. When tax positions are more likely than not to be sustained upon examination the difference between positions taken on tax return filings and estimated potential tax settlement outcomes are recognized in accrued expenses and other liabilities. If a position is not more likely than not to be sustained, then none of the tax benefit is recognized in Schwab’s financial statements. Accrued interest and penalties relating to unrecognized tax benefits are recorded in taxes on income. Schwab records amounts within AOCI net of taxes. Income tax effects are released from AOCI using the specific-identification method. Share-based compensation Share-based compensation includes employee and board of director stock options and restricted stock units. Schwab measures compensation expense for these share-based payment arrangements based on their estimated fair values as of the grant date. The grant date fair value is amortized to compensation expense on a straight-line basis over the requisite service period. Share-based compensation expense is based on options or units expected to vest and therefore is reduced for estimated forfeitures. Per the Company’s accounting policy election, forfeitures are estimated at the time of grant and reviewed annually based on the Company’s historical forfeiture experience. Share-based compensation expense is adjusted in subsequent periods if actual forfeitures differ from estimated forfeitures. For share-based payment awards with performance conditions, management assesses and estimates their expected level of achievement. Share-based compensation expense is recognized based on the level of achievement deemed probable and changes in the estimated outcome are reflected as a cumulative adjustment to expense in the period of the change in estimate. The excess tax benefits or deficiencies from the exercise of stock options and the vesting of restricted stock units are recorded in taxes on income. Derivative instruments and hedging activities As discussed further in Note 16, beginning in 2023, the Company utilizes derivative instruments as part of its interest rate risk management. The Company records all derivatives on the balance sheet at fair value. Accounting for the changes in the fair values of derivatives depends on whether we qualify for and elect to apply hedge accounting and the type of hedging accounting relationship applied. Hedge accounting generally matches the timing of gain or loss recognition on the derivatives with the recogni

Revenue Recognition

Revenue Recognition	12 Months Ended
	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Disaggregated Revenue Disaggregation of Schwab’s revenue by major source is as follows: Year Ended December 31, 2023 2022 2021 Net interest revenue Cash and cash equivalents $ 1,894 $ 812 $ 40 Cash and investments segregated 1,355 691 24 Receivables from brokerage clients 4,793 3,321 2,455 Available for sale securities 2,987 4,139 4,641 Held to maturity securities 2,872 1,688 — Bank loans 1,664 1,083 620 Securities lending revenue 419 471 720 Other interest revenue 127 22 6 Interest revenue 16,111 12,227 8,506 Bank deposits (3,363) (723) (54) Payables to brokerage clients (271) (123) (9) Other short-term borrowings (1) (375) (48) (9) Federal Home Loan Bank borrowings (1) (1,810) (106) — Long-term debt (715) (498) (384) Securities lending expense (147) (48) (24) Other interest expense (3) 1 4 Interest expense (6,684) (1,545) (476) Net interest revenue 9,427 10,682 8,030 Asset management and administration fees Mutual funds, ETFs, and CTFs 2,563 2,055 1,961 Advice solutions 1,868 1,854 1,993 Other 325 307 320 Asset management and administration fees 4,756 4,216 4,274 Trading revenue Commissions 1,601 1,787 2,050 Order flow revenue 1,404 1,738 2,053 Principal transactions 225 148 49 Trading revenue 3,230 3,673 4,152 Bank deposit account fees 705 1,409 1,315 Other 719 782 749 Total net revenues $ 18,837 $ 20,762 $ 18,520 (1) Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information. For additional discussion of contract balances, see Note 9. For a summary of revenue provided by our reportable segments, see Note 24. The recognition of revenue is not impacted by the operating segment in which revenue is generated.

Receivables from and Payables t

Receivables from and Payables to Brokerage Clients	12 Months Ended
	Dec. 31, 2023
Brokerage Receivables and Payables [Abstract]
Receivables from and Payables to Brokerage Clients	Receivables from and Payables to Brokerage Clients Receivables from and payables to brokerage clients are detailed below: December 31, 2023 2022 Receivables Margin loans $ 62,582 $ 63,065 Other brokerage receivables 6,085 3,526 Receivables from brokerage clients — net (1) $ 68,667 $ 66,591 Payables Interest-bearing payables $ 67,675 $ 81,583 Non-interest-bearing payables 17,111 15,855 Payables to brokerage clients $ 84,786 $ 97,438 (1) The allowance for credit losses for receivables from brokerage clients and related activity was immaterial for all periods presented. At December 31, 2023 and 2022, approximately 17% of total CS&Co and TD Ameritrade, Inc. client accounts were located in California.

Investment Securities

Investment Securities	12 Months Ended
	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Investment Securities The amortized cost, gross unrealized gains and losses, and fair value of the Company’s AFS and HTM investment securities are as follows: December 31, 2023 Amortized Gross Unrealized Gross Unrealized Fair Available for sale securities U.S. agency mortgage-backed securities $ 69,173 $ — $ 6,378 $ 62,795 U.S. Treasury securities 22,459 1 989 21,471 Corporate debt securities (1) 13,344 — 860 12,484 Asset-backed securities (2) 9,465 — 378 9,087 Foreign government agency securities 1,035 — 33 1,002 U.S. state and municipal securities 634 — 55 579 Non-agency commercial mortgage-backed securities 123 — 14 109 Certificates of deposit 100 — — 100 Other 22 — 3 19 Unallocated portfolio layer method fair value basis adjustments (3) (19) — (19) — Total available for sale securities (4) $ 116,336 $ 1 $ 8,691 $ 107,646 Held to maturity securities U.S. agency mortgage-backed securities $ 159,452 $ 1,435 $ 13,796 $ 147,091 Total held to maturity securities $ 159,452 $ 1,435 $ 13,796 $ 147,091 December 31, 2022 Available for sale securities U.S. agency mortgage-backed securities $ 85,994 $ — $ 8,306 $ 77,688 U.S. Treasury securities 41,879 — 1,877 40,002 Asset-backed securities (2) 13,672 — 649 13,023 Corporate debt securities (1) 13,830 — 1,275 12,555 Certificates of deposit 2,245 — 14 2,231 Foreign government agency securities 1,033 — 64 969 U.S. state and municipal securities 713 — 75 638 Non-agency commercial mortgage-backed securities 473 — 23 450 Other 323 — 8 315 Total available for sale securities (4) $ 160,162 $ — $ 12,291 $ 147,871 Held to maturity securities U.S. agency mortgage-backed securities $ 173,074 $ 1,442 $ 15,580 $ 158,936 Total held to maturity securities $ 173,074 $ 1,442 $ 15,580 $ 158,936 (1) As of December 31, 2023 and 2022, approximately 36% and 37%, respectively, of the total AFS corporate debt securities were issued by institutions in the financial services industry. (2) Approximately 61% and 57% of asset-backed securities held as of December 31, 2023 and 2022, respectively, were Federal Family Education Loan Program Asset-Backed Securities. Asset-backed securities collateralized by credit card receivables represented approximately 24% and 18% of the asset-backed securities held as of December 31, 2023 and 2022, respectively. (3) This represents the amount of PLM basis adjustments related to AFS securities hedged in a closed portfolio. See Notes 2 and 16 for more information on PLM hedge accounting. (4) Included in cash and cash equivalents on the consolidated balance sheets, but excluded from this table, is $48 million of AFS commercial paper as of December 31, 2022 (none as of December 31, 2023). These holdings have maturities of three months or less at the time of acquisition, and an aggregate market value equal to amortized cost. During 2022, the Company transferred a total of $188.6 billion of U.S. agency mortgage-backed securities with a total net pre-tax unrealized loss at the times of transfer of $18.2 billion from the AFS category to the HTM category. The transfer of these securities to the HTM category reduces the Company’s exposure to fluctuations in AOCI that can result from unrealized losses on AFS securities due to changes in market interest rates. The unrealized loss at the time of transfer is amortized over the remaining life of the security, offsetting the amortization of the security’s premium or discount, and resulting in no impact to net income. As of December 31, 2023, the total remaining unamortized loss on these securities transferred to HTM included in AOCI was $11.5 billion net of tax effect ($15.0 billion pre-tax). At December 31, 2023, our banking subsidiaries had pledged investment securities with a value of $70.1 billion as collateral to secure borrowing capacity on secured credit facilities with the FHLB (see Note 12). Our banking subsidiaries also pledge investment securities as collateral to secure borrowing capacity at the Federal Reserve discount window, and had pledged securities with a value of $6.2 billion as collateral for this facility at December 31, 2023. Beginning in 2023, our banking subsidiaries pledge investment securities as collateral to secure borrowing capacity at the Federal Reserve through the Bank Term Funding Program, and had pledged securities with a par value of $39.2 billion as collateral for this facility at December 31, 2023 . The Company also pledges investment securities issued by federal agencies to secure certain trust deposits. The value of these pledged securities was $1.6 billion at December 31, 2023. At December 31, 2023, our banking subsidiaries had pledged HTM and AFS securities as collateral under repurchase agreements with external financial institutions. HTM securities pledged were U.S. agency mortgage-backed securities with an aggregate amortized cost of $3.7 billion, and AFS securities pledged were U.S. agency mortgage-backed securities with an aggregate fair value of $1.5 billion. Securities pledged as collateral under these repurchase agreements may be sold, repledged, or otherwise used by the counterparties. See Notes 2, 12, and 17 for additional information on these repurchase agreements. At December 31, 2023, our banking subsidiaries had pledged AFS securities consisting of U.S. Treasury securities with an aggregate fair value of $195 million as initial margin on interest rate swaps (see Notes 16 and 17). All of Schwab’s interest rate swaps are cleared through CCPs which require the Company to post initial margin as collateral against potential losses. Initial margin is posted through futures commission merchants (FCM) which serve as the intermediary between CCPs and Schwab. The FCM agreements governing our swaps allow for securities pledged as initial margin to be sold, repledged, or otherwise used by the FCM. AFS investment securities with unrealized losses, aggregated by category and period of continuous unrealized loss, are as follows: Less than 12 months Total December 31, 2023 Fair Unrealized Fair Unrealized Fair Unrealized Available for sale securities U.S. agency mortgage-backed securities (1) $ 1 $ — $ 62,794 $ 6,378 $ 62,795 $ 6,378 U.S. Treasury securities — — 19,450 989 19,450 989 Corporate debt securities — — 12,484 860 12,484 860 Asset-backed securities (1) 29 — 9,058 378 9,087 378 Foreign government agency securities — — 1,002 33 1,002 33 U.S. state and municipal securities — — 579 55 579 55 Non-agency commercial mortgage-backed securities — — 109 14 109 14 Other — — 19 3 19 3 Total (2) $ 30 $ — $ 105,495 $ 8,710 $ 105,525 $ 8,710 December 31, 2022 Available for sale securities U.S. agency mortgage-backed securities $ 34,938 $ 2,025 $ 42,558 $ 6,281 $ 77,496 $ 8,306 U.S. Treasury securities 27,063 716 12,519 1,161 39,582 1,877 Asset-backed securities 6,717 217 6,299 432 13,016 649 Corporate debt securities 8,552 542 3,998 733 12,550 1,275 Certificates of deposit 2,033 10 196 4 2,229 14 Foreign government agency securities 756 50 214 14 970 64 U.S. state and municipal securities 482 31 157 44 639 75 Non-agency commercial mortgage-backed securities 443 23 — — 443 23 Other 315 8 — — 315 8 Total $ 81,299 $ 3,622 $ 65,941 $ 8,669 $ 147,240 $ 12,291 (1) Unrealized losses less than 12 months amounts were less than $500 thousand. (2) For purposes of this table, unrealized losses on AFS securities excludes the unallocated PLM fair value hedge basis adjustments of $19 million at December 31, 2023. At December 31, 2023, substantially all rated securities in the investment portfolios were investment grade. U.S. agency mortgage-backed securities do not have explicit credit ratings; however, management considers these to be of the highest credit quality and rating given the guarantee of principal and interest by the U.S. government or U.S. government-sponsored enterprises. For a description of management’s quarterly evaluation of AFS securities in unrealized loss positions, see Note 2. No amounts were recognized as credit loss expense and no securities were written down to fair value through earnings for the years ended December 31, 2023 and 2022. None of the Company’s AFS securities held as of December 31, 2023 and 2022 had an allowance for credit losses. All HTM securities as of December 31, 2023 and 2022 were U.S. agency mortgage-backed securities and therefore had no allowance for credit losses because expected nonpayment of the amortized cost basis is zero. The Company had $565 million and $685 million of accrued interest receivable for AFS and HTM securities as of December 31, 2023 and 2022, respectively. These amounts are excluded from the amortized cost basis and fair market value of AFS and HTM securities and included in other assets on the consolidated balance sheets. There were no write-offs of accrued interest receivable on AFS and HTM securities during the years ended December 31, 2023 or 2022. In the table below, mortgage-backed securities and other asset-backed securities have been allocated to maturity groupings based on final contractual maturities. As borrowers may have the right to call or prepay certain obligations underlying our investment securities, actual maturities may differ from the scheduled contractual maturities presented below. As of December 31, 2023, the estimated effective duration, which reflects anticipated future payments, of our total AFS and HTM investment securities portfolio is approximately 4.0 years. The estimated effective duration of our AFS investment securities portfolio is approximately 2.5 years as of December 31, 2023. Including the impact of the Company’s use of derivative instruments to manage changes in the fair values of our AFS investment portfolio, the effective duration of our total AFS and HTM investments securities as of December 31, 2023 is approximately 3.9 years and for our AFS investment securities is approximately 2.2 years (see Note 16). The maturities of AFS and HTM investment securities are as follows: December 31, 2023 Within After 1 year through After 5 years through After Total Available for sale securities U.S. agency mortgage-backed securities $ 798 $ 11,126 $ 10,650 $ 40,221 $ 62,795 U.S. Treasury securities 9,142 12,329 — — 21,471 Corporate debt securities 2,708 8,306 1,470 — 12,484 Asset-backed securities — 2,443 1,290 5,354 9,087 Foreign government agency securities 495 507 — — 1,002 U.S. state and municipal securities — 71 396 112 579 Non-agency commercial mortgage-backed securities — — — 109 109 Certificates of deposit 100 — — — 100 Other — — — 19 19 Total fair value $ 13,243 $ 34,782 $ 13,806 $ 45,815 $ 107,646 Total amortized cost (1) $ 13,427 $ 36,943 $ 15,345 $ 50,640 $ 116,355 Weighted-average yield (2) 1.82 % 1.84 % 1.87 % 2.62 % 2.18 % Held to maturity securities U.S. agency mortgage-backed securities $ 1,217 $ 7,765 $ 37,584 $ 100,525 $ 147,091 Total fair value $ 1,217 $ 7,765 $ 37,584 $ 100,525 $ 147,091 Total amortized cost $ 1,248 $ 8,198 $ 40,139 $ 109,867 $ 159,452 Weighted-average yield (2) 2.61 % 1.98 % 1.76 % 1.73 % 1.75 % (1) For purposes of this table, the amortized cost of AFS securities excludes the unallocated PLM fair value hedge basis adjustments of $19 million at December 31, 2023. (2) The weighted-average yield is computed using the amortized cost at December 31, 2023. Proceeds and gross realized gains and losses from sales of AFS investment securities are as follows: Year Ended December 31, 2023 2022 2021 Proceeds $ 8,465 $ 24,704 $ 13,306 Gross realized gains 1 157 40 Gross realized losses 62 166 36

Bank Loans and Related Allowanc

Bank Loans and Related Allowance for Credit Losses	12 Months Ended
	Dec. 31, 2023
Receivables [Abstract]
Bank Loans and Related Allowance for Credit Losses	Bank Loans and Related Allowance for Credit Losses The composition of bank loans and delinquency analysis by portfolio segment and class of financing receivable is as follows: December 31, 2023 Current 30-59 days 60-89 days >90 days past due and other nonaccrual loans (3) Total past due and other Total Allowance for credit Total Residential real estate: First Mortgages (1,2) $ 26,111 $ 33 $ 2 $ 7 $ 42 $ 26,153 $ 32 $ 26,121 HELOCs (1,2) 473 1 1 4 6 479 2 477 Total residential real estate 26,584 34 3 11 48 26,632 34 26,598 Pledged asset lines 13,533 11 — 4 15 13,548 — 13,548 Other 297 — — — — 297 4 293 Total bank loans $ 40,414 $ 45 $ 3 $ 15 $ 63 $ 40,477 $ 38 $ 40,439 December 31, 2022 Residential real estate: First Mortgages (1,2) $ 25,157 $ 25 $ 2 $ 14 $ 41 $ 25,198 $ 66 $ 25,132 HELOCs (1,2) 590 2 — 5 7 597 4 593 Total residential real estate 25,747 27 2 19 48 25,795 70 25,725 Pledged asset lines 14,584 4 — 4 8 14,592 — 14,592 Other 191 — — — — 191 3 188 Total bank loans $ 40,522 $ 31 $ 2 $ 23 $ 56 $ 40,578 $ 73 $ 40,505 (1) First Mortgages and HELOCs include unamortized premiums and discounts and direct origination costs of $100 million and $98 million at December 31, 2023 and 2022, respectively. (2) At both December 31, 2023 and 2022, 43% of the First Mortgage and HELOC portfolios were concentrated in California. These loans have performed in a manner consistent with the portfolio as a whole. (3) There were no loans accruing interest that were contractually 90 days or more past due at December 31, 2023 or 2022. At December 31, 2023, CSB had pledged the full balance of First Mortgages and HELOCs pursuant to a blanket lien status collateral arrangement to secure borrowing capacity on a secured credit facility with the FHLB (see Note 12). Changes in the allowance for credit losses on bank loans were as follows: December 31, 2023 First Mortgages HELOCs Total residential real estate Pledged asset lines Other Total Balance at beginning of year $ 66 $ 4 $ 70 $ — $ 3 $ 73 Charge-offs — — — — — — Recoveries — — — — — — Provision for credit losses (34) (2) (36) — 1 (35) Balance at end of year $ 32 $ 2 $ 34 $ — $ 4 $ 38 December 31, 2022 Balance at beginning of year $ 13 $ 2 $ 15 $ — $ 3 $ 18 Charge-offs — — — (4) — (4) Recoveries — 1 1 — — 1 Provision for credit losses 53 1 54 4 — 58 Balance at end of year $ 66 $ 4 $ 70 $ — $ 3 $ 73 December 31, 2021 Balance at beginning of year $ 22 $ 5 $ 27 $ — $ 3 $ 30 Charge-offs — — — — (1) (1) Recoveries — 1 1 — — 1 Provision for credit losses (9) (4) (13) — 1 (12) Balance at end of year $ 13 $ 2 $ 15 $ — $ 3 $ 18 As discussed in Note 2, the Company charges off any unsecured PAL balances no later than 90-days past due. PALs are also subject to the collateral maintenance practical expedient under ASC 326 Financial Instruments — Credit Losses . All PALs were fully collateralized by securities with fair values in excess of borrowings as of December 31, 2023 and 2022, respectively. Therefore, no allowance for credit losses for PALs as of those dates was required. During 2023, the U.S. economy continued to be challenged by elevated inflation, tightening monetary policy, and geopolitical unrest. However, amid sustained economic growth, supply and demand moved to a more balanced state, as inflation began to abate. While the Federal Reserve held the policy rate steady during the last quarter of the year, our allowance assumes a near term continuation of elevated interest rates with only a slight increase in unemployment and modest home price depreciation. Though higher mortgage rates are softening demand and reducing borrower affordability, we expect constrained housing supply to keep home prices relatively stable. Furthermore, credit quality metrics in the Company’s bank loans portfolio have improved in recent years and remain very strong. As a result of these factors, we decreased projected loss rates at December 31, 2023, as compared to December 31, 2022. A summary of bank loan-related nonperforming assets is as follows: December 31, 2023 2022 Nonaccrual loans (1) $ 15 $ 23 Other real estate owned (2) — 2 Total nonperforming assets $ 15 $ 25 (1) Nonaccrual loans include nonaccrual troubled debt restructurings recorded prior to the adoption of ASU 2022-02. (2) Included in other assets on the consolidated balance sheets. Credit Quality In addition to monitoring delinquency, Schwab monitors the credit quality of First Mortgages and HELOCs by stratifying the portfolios by the following: • Year of origination; • Borrower FICO scores at origination (Origination FICO); • Updated borrower FICO scores (Updated FICO); • Loan-to-value (LTV) ratios at origination (Origination LTV); and • Estimated Current LTV ratios (Estimated Current LTV). Borrowers’ FICO scores are provided by an independent third-party credit reporting service and generally updated quarterly. The Origination LTV and Estimated Current LTV for a HELOC include any first lien mortgage outstanding on the same property at the time of the HELOC’s origination. The Estimated Current LTV for each loan is updated on a monthly basis by reference to a home price appreciation index. The credit quality indicators of the Company’s First Mortgages and HELOCs are detailed below: First Mortgages Amortized Cost Basis by Origination Year December 31, 2023 2023 2022 2021 2020 2019 pre-2019 Total First Mortgages Revolving HELOCs amortized cost basis HELOCs converted to term loans Total HELOCs Origination FICO <620 $ — $ 2 $ 1 $ 1 $ — $ 1 $ 5 $ — $ — $ — 620 – 679 4 27 30 20 2 13 96 — 1 1 680 – 739 299 782 1,160 395 106 188 2,930 50 38 88 ≥740 2,391 5,258 10,439 3,558 743 733 23,122 261 129 390 Total $ 2,694 $ 6,069 $ 11,630 $ 3,974 $ 851 $ 935 $ 26,153 $ 311 $ 168 $ 479 Origination LTV ≤70% $ 1,818 $ 4,492 $ 10,078 $ 3,306 $ 687 $ 695 $ 21,076 $ 279 $ 117 $ 396 >70% – ≤90% 876 1,577 1,552 668 164 238 5,075 32 50 82 >90% – ≤100% — — — — — 2 2 — 1 1 Total $ 2,694 $ 6,069 $ 11,630 $ 3,974 $ 851 $ 935 $ 26,153 $ 311 $ 168 $ 479 Updated FICO <620 $ 4 $ 15 $ 19 $ 8 $ 2 $ 15 $ 63 $ 2 $ 5 $ 7 620 – 679 46 77 87 38 11 39 298 6 10 16 680 – 739 265 575 984 316 61 108 2,309 48 26 74 ≥740 2,379 5,402 10,540 3,612 777 773 23,483 255 127 382 Total $ 2,694 $ 6,069 $ 11,630 $ 3,974 $ 851 $ 935 $ 26,153 $ 311 $ 168 $ 479 Estimated Current LTV (1) ≤70% $ 1,853 $ 4,855 $ 11,341 $ 3,960 $ 850 $ 931 $ 23,790 $ 308 $ 167 $ 475 >70% – ≤90% 841 1,185 289 14 1 4 2,334 3 1 4 >90% – ≤100% — 28 — — — — 28 — — — >100% — 1 — — — — 1 — — — Total $ 2,694 $ 6,069 $ 11,630 $ 3,974 $ 851 $ 935 $ 26,153 $ 311 $ 168 $ 479 Gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — $ — Percent of Loans on 0.01 % 0.02 % 0.01 % 0.01 % 0.01 % 0.36 % 0.03 % 0.07 % 2.40 % 0.84 % (1) Represents the LTV for the full line of credit (drawn and undrawn) for revolving HELOCs. First Mortgages Amortized Cost Basis by Origination Year December 31, 2022 2022 2021 2020 2019 pre-2019 Total First Mortgages Revolving HELOCs amortized cost basis HELOCs converted to term loans Total HELOCs Origination FICO <620 $ 3 $ 1 $ — $ — $ 1 $ 5 $ — $ — $ — 620 – 679 28 31 21 2 15 97 — 2 2 680 – 739 820 1,224 430 116 243 2,833 59 47 106 ≥740 5,593 11,037 3,819 811 1,003 22,263 323 166 489 Total $ 6,444 $ 12,293 $ 4,270 $ 929 $ 1,262 $ 25,198 $ 382 $ 215 $ 597 Origination LTV ≤70% $ 4,771 $ 10,641 $ 3,549 $ 749 $ 940 $ 20,650 $ 332 $ 153 $ 485 >70% – ≤90% 1,673 1,652 721 180 320 4,546 50 61 111 >90% – ≤100% — — — — 2 2 — 1 1 Total $ 6,444 $ 12,293 $ 4,270 $ 929 $ 1,262 $ 25,198 $ 382 $ 215 $ 597 Updated FICO <620 $ 11 $ 12 $ 7 $ 2 $ 13 $ 45 $ 2 $ 5 $ 7 620 – 679 87 127 42 10 43 309 6 10 16 680 – 739 711 1,079 378 89 161 2,418 52 35 87 ≥740 5,635 11,075 3,843 828 1,045 22,426 322 165 487 Total $ 6,444 $ 12,293 $ 4,270 $ 929 $ 1,262 $ 25,198 $ 382 $ 215 $ 597 Estimated Current LTV (1) ≤70% $ 4,574 $ 11,751 $ 4,255 $ 928 $ 1,257 $ 22,765 $ 380 $ 214 $ 594 >70% – ≤90% 1,845 542 15 1 5 2,408 2 1 3 >90% – ≤100% 25 — — — — 25 — — — >100% — — — — — — — — — Total $ 6,444 $ 12,293 $ 4,270 $ 929 $ 1,262 $ 25,198 $ 382 $ 215 $ 597 Percent of Loans on 0.02 % 0.03 % 0.09 % 0.02 % 0.43 % 0.06 % 0.34 % 1.90 % 0.84 % (1) Represents the LTV for the full line of credit (drawn and undrawn) for revolving HELOCs. At December 31, 2023, First Mortgage loans of $21.5 billion had adjustable interest rates. Substantially all of these mortgages have initial fixed interest rates for three three At December 31, 2023 and 2022, Schwab had $157 million and $134 million, respectively, of accrued interest on bank loans, which is excluded from the amortized cost basis of bank loans and is included in other assets on the consolidated balance sheets. The HELOC product has a 30-year loan term with an initial draw period of ten years from the date of origination. After the initial draw period, the balance outstanding at such time is converted to a 20-year amortizing loan. The interest rate during the initial draw period and the 20-year amortizing period is a floating rate based on the prime rate plus a margin. The following table presents when current outstanding HELOCs will convert to amortizing loans: December 31, 2023 Balance Converted to an amortizing loan by period end (1) $ 168 Within 1 year 18 > 1 year – 3 years 41 > 3 years – 5 years 47 > 5 years 205 Total $ 479 (1) Includes $21 million of HELOCs converted to amortizing loans during the year ended December 31, 2023. At December 31, 2023, $379 million of the HELOC portfolio was secured by second liens on the associated properties. Second lien mortgage loans typically possess a higher degree of credit risk given the subordination to the first lien holder in the event of default. In addition to the credit monitoring activities described previously, Schwab also monitors credit risk by reviewing the delinquency status of the first lien loan on the associated property. At December 31, 2023, the borrowers on approximately 60% of HELOC loan balances outstanding only paid the minimum amount due.

Equipment, Office Facilities, a

Equipment, Office Facilities, and Property	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Equipment, Office Facilities, and Property	Equipment, Office Facilities, and Property Equipment, office facilities, and property are detailed below: December 31, 2023 2022 Software $ 3,375 $ 2,940 Buildings 1,720 1,693 Information technology and telecommunications equipment 1,133 1,008 Leasehold improvements 411 472 Land 214 209 Construction in progress 213 274 Other 380 351 Total equipment, office facilities, and property 7,446 6,947 Accumulated depreciation and amortization (3,756) (3,233) Total equipment, office facilities, and property — net $ 3,690 $ 3,714 As a result of its TDA integration and restructuring efforts, the Company recognized impairment losses on fixed assets of $47 million during the year ended December 31, 2023. These losses are included in other expense

Goodwill and Acquired Intangibl

Goodwill and Acquired Intangible Assets	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Acquired Intangible Assets	Goodwill and Acquired Intangible Assets The changes in the carrying amount of goodwill, as allocated to our reportable segments, are presented in the following table: Investor Advisor Total December 31, 2021 $ 7,970 $ 3,982 $ 11,952 Goodwill acquired and other changes during the period (1) — (1) December 31, 2022 $ 7,969 $ 3,982 $ 11,951 Goodwill acquired and other changes during the period — — — December 31, 2023 $ 7,969 $ 3,982 $ 11,951 We performed an assessment of each of the Company’s reporting units as of our annual testing date. Based on this analysis, we concluded that goodwill was not impaired. There were no indicators that goodwill was impaired after our annual testing date. Schwab did not recognize any goodwill impairment in any of the years presented. Acquired intangible assets are detailed below: December 31, 2023 December 31, 2022 Gross Carrying Accumulated Net Carrying Gross Carrying Accumulated Net Carrying Client relationships $ 10,088 $ (1,933) $ 8,155 $ 10,085 $ (1,422) $ 8,663 Technology 299 (284) 15 299 (261) 38 Trade names 123 (33) 90 120 (32) 88 Total acquired intangible assets $ 10,510 $ (2,250) $ 8,260 $ 10,504 $ (1,715) $ 8,789 Estimated future annual amortization expense for acquired intangible assets as of December 31, 2023 is as follows: 2024 $ 519 2025 512 2026 508 2027 508 2028 507 Thereafter 5,618 Total $ 8,172

Other Assets

Other Assets	12 Months Ended
	Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets	Other Assets The components of other assets are as follows: December 31, 2023 2022 Deferred tax assets — net $ 4,300 $ 5,370 Other investments (1) 3,155 2,130 Receivables — interest, dividends, and other 2,538 1,919 Other securities owned at fair value (2) 1,913 1,432 Other receivables from brokers, dealers, and clearing organizations 1,764 2,171 Securities borrowed 1,563 705 Operating lease ROU assets 630 894 Customer contract receivables (3) 599 560 Capitalized contract costs 416 379 Contract assets — net 239 — Other 783 539 Total other assets $ 17,900 $ 16,099 (1) Includes LIHTC investments and certain other CRA-related investments (see Note 10). This item also includes investments in FHLB stock of $1.1 billion and $528 million at December 31, 2023 and 2022, respectively, which are required to be held as a condition of borrowing with the FHLB (see Note 12) and can only be sold to the issuer at its par value. Any cash dividends received from investments in FHLB stock are recognized as interest revenue in the consolidated statements of income. Other investments also includes investments in Federal Reserve stock of $468 million and $345 million at December 31, 2023 and 2022, respectively; these holdings are a condition of CSB, CSPB, and Trust Bank’s membership with the Federal Reserve. (2) Includes fractional shares held in client brokerage accounts. Corresponding repurchase liabilities in an equal amount for these client-held fractional shares are included in accrued expenses and other liabilities on the consolidated balance sheet. See also Notes 2 and 18. (3) Represents substantially all receivables from contracts with customers within the scope of ASC 606. Capitalized contract costs Capitalized contract costs relate to incremental costs of obtaining a contract with a customer, including sales commissions paid to employees for obtaining contracts with clients, and are presented in the table above. These costs are amortized to expense on a straight-line basis over a period that is consistent with how the related revenue is recognized. Amortization expense related to capitalized contract costs was $85 million, $77 million, and $69 million during the years ended December 31, 2023, 2022, and 2021, respectively, which was recorded in compensation and benefits expense on the consolidated statements of income. Contract assets Contract assets relate to the buy down of fixed-rate obligation amounts pursuant to the 2023 IDA agreement, and are presented in the table above. These assets are amortized on a straight-line basis over the remaining contractual term as a reduction to bank deposit account fee revenue. For additional discussion of the 2023 IDA agreement, see Note 14.

Variable Interest Entities

Variable Interest Entities	12 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Variable Interest Entities	Variable Interest Entities As of December 31, 2023 and 2022, substantially all of Schwab’s involvement with VIEs is through CSB’s CRA-related investments and most of these are related to LIHTC investments. As part of CSB’s community reinvestment initiatives, CSB invests in funds that make equity investments in multifamily affordable housing properties and receives tax credits and other tax benefits for these investments. During 2023, 2022, and 2021, CSB recorded amortization of $119 million, $96 million, and $71 million, respectively, and recognized tax credits and other tax benefits of $153 million, $121 million, and $90 million, respectively, associated with these investments. The amortization, as well as the tax credits and other tax benefits, are included in taxes on income. Aggregate assets, liabilities, and maximum exposure to los s The aggregate assets, liabilities, and maximum exposure to loss from those VIEs in which Schwab holds a variable interest, but is not the primary beneficiary, are summarized in the table below: December 31, 2023 December 31, 2022 Aggregate Aggregate Maximum exposure to loss Aggregate Aggregate Maximum exposure to loss LIHTC investments (1) $ 1,407 $ 759 $ 1,407 $ 1,094 $ 619 $ 1,094 Other investments (2) 179 — 231 167 — 215 Total $ 1,586 $ 759 $ 1,638 $ 1,261 $ 619 $ 1,309 (1) Aggregate assets and aggregate liabilities are included in other assets and accrued expenses and other liabilities, respectively, on the consolidated balance sheets. (2) Other investments include non-LIHTC CRA investments that are accounted for as loans at amortized cost, equity method investments, AFS securities, or using the adjusted cost method. Aggregate assets are included in AFS securities, bank loans – net, or other assets on the consolidated balance sheets. Schwab’s maximum exposure to loss would result from the loss of the investments, including any committed amounts. Schwab’s funding of these remaining commitments is dependent upon the occurrence of certain conditions, and Schwab expects to pay substantially all of these commitments between 2024 and 2027. During the years ended December 31, 2023, 2022, and 2021, Schwab did not provide or intend to provide financial or other support to the VIEs that it was not contractually required to provide.

Bank Deposits

Bank Deposits	12 Months Ended
	Dec. 31, 2023
Deposit Liabilities [Abstract]
Bank Deposits	Bank Deposits Bank deposits consist of interest-bearing and non-interest-bearing deposits as follows: December 31, 2023 2022 Interest-bearing deposits: Deposits swept from brokerage accounts $ 220,274 $ 333,754 Time certificates of deposit (1) 48,297 6,047 Checking 15,691 19,719 Savings and other 4,461 6,098 Total interest-bearing deposits 288,723 365,618 Non-interest-bearing deposits 1,230 1,106 Total bank deposits $ 289,953 $ 366,724 (1) Time certificates of deposit consist of brokered CDs. The weighted-average interest rates on outstanding time certificates of deposit at December 31, 2023 and 2022 were 5.15% and 4.75%, respectively. As of December 31, 2023 and 2022, there were no time deposits that were in excess of FDIC insurance limits or otherwise uninsured. Annual maturities on time certificates of deposit outstanding at December 31, 2023 are as follows: Balance 2024 $ 46,659 2025 1,638 Total $ 48,297

Borrowings

Borrowings	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Borrowings	Borrowings CSC Senior Notes CSC’s Senior Notes are unsecured obligations. CSC may redeem some or all of the Senior Notes of each series prior to their maturity, subject to certain restrictions, and the payment of an applicable make-whole premium in certain instances. Interest is payable semi-annually for the fixed-rate Senior Notes and quarterly for the floating-rate Senior Notes. Interest for the fixed-to-floating rate Senior Notes is payable semi-annually during the fixed rate period of the notes and quarterly during the floating rate period of the notes. TDA Holding Senior Notes TDA Holding’s Senior Notes are unsecured obligations. TDA Holding may redeem some or all of the Senior Notes of each series prior to their maturity, subject to certain restrictions, and the payment of an applicable make-whole premium in certain instances. Interest is payable semi-annually for the fixed-rate Senior Notes. During 2021, we completed an offer to exchange certain senior notes issued by TDA Holding for senior notes issued by CSC. Of the approximately $2.2 billion in aggregate principal amount of TDA Holding’s senior notes offered in the exchange, 90%, or approximately $2.0 billion, were tendered and accepted. The new senior notes issued by CSC have the same interest rates and maturity dates as the TDA Holding senior notes. At December 31, 2023, $213 million not exchanged remained outstanding across four series of senior notes issued by TDA Holding. The debt exchange was treated as a debt modification for accounting purposes. The following table lists long-term debt by instrument outstanding as of December 31, 2023 and 2022: Date of Principal Amount Outstanding Issuance 2023 2022 CSC Fixed-rate Senior Notes: 2.650% due January 25, 2023 12/07/17 $ — $ 800 3.550% due February 1, 2024 10/31/18 500 500 0.750% due March 18, 2024 03/18/21 1,500 1,500 3.750% due April 1, 2024 09/24/21 350 350 3.000% due March 10, 2025 03/10/15 375 375 4.200% due March 24, 2025 03/24/20 600 600 3.625% due April 1, 2025 09/24/21 418 418 3.850% due May 21, 2025 05/22/18 750 750 3.450% due February 13, 2026 11/13/15 350 350 0.900% due March 11, 2026 12/11/20 1,250 1,250 1.150% due May 13, 2026 05/13/21 1,000 1,000 3.200% due March 2, 2027 03/02/17 650 650 2.450% due March 3, 2027 03/03/22 1,500 1,500 3.300% due April 1, 2027 09/24/21 744 744 3.200% due January 25, 2028 12/07/17 700 700 2.000% due March 20, 2028 03/18/21 1,250 1,250 4.000% due February 1, 2029 10/31/18 600 600 3.250% due May 22, 2029 05/22/19 600 600 2.750% due October 1, 2029 09/24/21 475 475 4.625% due March 22, 2030 03/24/20 500 500 1.650% due March 11, 2031 12/11/20 750 750 2.300% due May 13, 2031 05/13/21 750 750 1.950% due December 1, 2031 08/26/21 850 850 2.900% due March 3, 2032 03/03/22 1,000 1,000 5.875% due August 24, 2026 08/24/23 1,000 — CSC Floating-rate Senior Notes: SOFR + 0.500% due March 18, 2024 (1) 03/18/21 1,250 1,250 SOFR + 0.520% due May 13, 2026 05/13/21 500 500 SOFR + 1.050% due March 3, 2027 03/03/22 500 500 CSC Fixed-to-Floating rate Senior Notes: 5.643% due May 19, 2029 (2) 05/19/23 1,200 — 5.853% due May 19, 2034 (3) 05/19/23 1,300 — 6.136% due August 24, 2034 (4) 08/24/23 1,350 — 6.196% due November 17, 2029 (5) 11/17/23 1,300 — Total CSC Senior Notes 25,862 20,512 TDA Holding Fixed-rate Senior Notes: 3.750% due April 1, 2024 11/01/18 50 50 3.625% due April 1, 2025 10/22/14 82 82 3.300% due April 1, 2027 04/27/17 56 56 2.750% due October 1, 2029 08/16/19 25 25 Total TDA Holding Senior Notes 213 213 Finance lease liabilities 85 68 Unamortized premium — net 87 129 Debt issuance costs (119) (94) Total long-term debt $ 26,128 $ 20,828 (1) On February 18, 2024, the Company redeemed all of these outstanding floating-rate Senior Notes. (2) The May 2029 fixed-to-floating rate Senior Notes bear interest at a fixed rate of 5.643%, payable semi-annually, until the interest reset date on May 19, 2028. On and after this date, these notes will bear interest at an annual floating rate of SOFR plus 2.210%, payable quarterly. (3) The May 2034 fixed-to-floating rate Senior Notes bear interest at a fixed rate of 5.853%, payable semi-annually, until the interest reset date on May 19, 2033. On and after this date, these notes will bear interest at an annual floating rate of SOFR plus 2.500%, payable quarterly. (4) The August 2034 fixed-to-floating rate Senior Notes bear interest at a fixed rate of 6.136%, payable semi-annually, until the interest reset date on August 24, 2033. On and after this date, these notes will bear interest at an annual floating rate of SOFR plus 2.010%, payable quarterly. (5) The November 2029 fixed-to-floating rate Senior Notes bear interest at a fixed rate of 6.196%, payable semi-annually, until the interest reset date on November 17, 2028. On and after this date, these notes will bear interest at an annual floating rate of SOFR plus 1.878%, payable quarterly. Annual maturities on all long-term debt outstanding at December 31, 2023, are as follows: Maturities 2024 $ 3,686 2025 2,249 2026 4,112 2027 3,463 2028 1,950 Thereafter 10,700 Total maturities 26,160 Unamortized premium — net 87 Debt issuance costs (119) Total long-term debt $ 26,128 FHLB borrowings: Our banking subsidiaries maintain secured credit facilities with the FHLB. Amounts available under these facilities are dependent on the amount of bank loans and the value of certain investment securities that are pledged as collateral. There was $26.4 billion and $12.4 billion outstanding under these facilities as of December 31, 2023 and 2022, respectively, and these borrowings had a weighted-average interest rate of 5.34% and 4.88%, respectively. As of December 31, 2023 and 2022, the collateral pledged provided additional borrowing capacity of $63.1 billion and $68.6 billion, respectively. Other short-term borrowings: Total other short-term borrowings outstanding at December 31, 2023 and 2022 were $6.6 billion and $4.7 billion, respectively, and had a weighted-average interest rate of 5.57% and 4.97%, respectively. Additional information regarding our other short-term borrowings facilities is described below. CSC has the ability to issue up to $5.0 billion of commercial paper notes with maturities of up to 270 days. CSC had no amounts outstanding at December 31, 2023 and $250 million outstanding at December 31, 2022. CSC and CS&Co also have access to uncommitted lines of credit with external banks with total borrowing capacity of $1.8 billion; no amounts were outstanding as of December 31, 2023 or 2022. CS&Co also maintains secured, uncommitted lines of credit, under which CS&Co may borrow on a short-term basis and pledge either client margin securities or firm securities as collateral, based on the terms of the agreements, under which there was $950 million outstanding at December 31, 2023. There were no borrowings outstanding at December 31, 2022. Our banking subsidiaries have access to funding through the Federal Reserve discount window. Amounts available are dependent upon the value of certain investment securities that are pledged as collateral. As of December 31, 2023 and 2022, our collateral pledged provided total borrowing capacity of $6.2 billion and $7.8 billion, respectively, of which no amounts were outstanding at the end of either year. Beginning in 2023, our banking subsidiaries have access to funding through the Federal Reserve Bank Term Funding Program. This program offers loans through March 11, 2024 of up to one year in length, and amounts available are dependent upon the par value of certain investment securities that are pledged as collateral. As of December 31, 2023, our collateral pledged provided total borrowing capacity of $39.2 billion. This facility was not used during 2023; there were no borrowings outstanding at December 31, 2023. The Company may engage with external financial institutions in repurchase agreements collateralized by investment securities as another source of short-term liquidity. The Company had $4.9 billion and $4.4 billion outstanding pursuant to such repurchase agreements at December 31, 2023 and 2022, respectively. Repurchase agreements outstanding at December 31, 2023 mature between January 2024 to July 2024. TDAC maintains secured uncommitted lines of credit, under which TDAC borrows on either a demand or short-term basis and pledges client margin securities as collateral. There was $700 million outstanding at December 31, 2023 and no balance outstanding at December 31, 2022. Annual maturities on FHLB borrowings and other short-term borrowings outstanding at December 31, 2023 are as follows: 2024 FHLB borrowings $ 26,400 Other short-term borrowings 6,553 Total $ 32,953

Leases

Leases	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Leases	Leases The following table details the amounts and locations of lease assets and liabilities on the consolidated balance sheets: December 31, 2023 2022 Lease assets: Balance Sheet Classification Operating lease ROU assets Other assets $ 630 $ 894 Finance lease ROU assets Equipment, office facilities, and property — net 84 66 Lease liabilities: Operating lease liabilities Accrued expenses and other liabilities $ 892 $ 994 Finance lease liabilities Long-term debt 85 68 The components of lease expense are as follows: Year Ended December 31, 2023 2022 2021 Lease Cost Operating lease cost (1) $ 260 $ 242 $ 220 Variable lease cost (2) 48 50 48 (1) Includes short-term lease cost, which is immaterial. (2) Includes payments that are entirely variable and amounts that represent the difference between payments based on an index or rate that is reflected in the lease liability and amounts actually incurred. The Company had immaterial finance lease cost and sublease income for the years ended December 31, 2023, 2022, and 2021. In addition to the costs noted above and as a result of its TDA integration and restructuring efforts, the Company recognized impairment losses on ROU assets of $157 million for the year ended December 31, 2023. These losses are included in other expense on the consolidated statements of income. For the purpose of measuring impairment loss, the fair value of the asset group was determined using a discounted cash flow analysis. The fair value of the asset group was not material at December 31, 2023. See Note 15 for additional information regarding the Company’s exit costs related to its TDA integration and restructuring activities. The following tables present supplemental operating lease information: December 31, 2023 2022 Lease Term and Discount Rate Weighted-average remaining lease term (years) 5.60 5.94 Weighted-average discount rate 3.64 % 3.00 % Maturity of Lease Liabilities Operating Leases 2024 $ 231 2025 230 2026 142 2027 109 2028 74 Thereafter 200 Total lease payments (1) 986 Less: Interest 94 Present value of lease liabilities $ 892 (1)
Leases	Leases The following table details the amounts and locations of lease assets and liabilities on the consolidated balance sheets: December 31, 2023 2022 Lease assets: Balance Sheet Classification Operating lease ROU assets Other assets $ 630 $ 894 Finance lease ROU assets Equipment, office facilities, and property — net 84 66 Lease liabilities: Operating lease liabilities Accrued expenses and other liabilities $ 892 $ 994 Finance lease liabilities Long-term debt 85 68 The components of lease expense are as follows: Year Ended December 31, 2023 2022 2021 Lease Cost Operating lease cost (1) $ 260 $ 242 $ 220 Variable lease cost (2) 48 50 48 (1) Includes short-term lease cost, which is immaterial. (2) Includes payments that are entirely variable and amounts that represent the difference between payments based on an index or rate that is reflected in the lease liability and amounts actually incurred. The Company had immaterial finance lease cost and sublease income for the years ended December 31, 2023, 2022, and 2021. In addition to the costs noted above and as a result of its TDA integration and restructuring efforts, the Company recognized impairment losses on ROU assets of $157 million for the year ended December 31, 2023. These losses are included in other expense on the consolidated statements of income. For the purpose of measuring impairment loss, the fair value of the asset group was determined using a discounted cash flow analysis. The fair value of the asset group was not material at December 31, 2023. See Note 15 for additional information regarding the Company’s exit costs related to its TDA integration and restructuring activities. The following tables present supplemental operating lease information: December 31, 2023 2022 Lease Term and Discount Rate Weighted-average remaining lease term (years) 5.60 5.94 Weighted-average discount rate 3.64 % 3.00 % Maturity of Lease Liabilities Operating Leases 2024 $ 231 2025 230 2026 142 2027 109 2028 74 Thereafter 200 Total lease payments (1) 986 Less: Interest 94 Present value of lease liabilities $ 892 (1)

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Loan Portfolio: CSB provides a co-branded loan origination program for CSB clients (the Program) with Rocket Mortgage, LLC (Rocket Mortgage ® ). Pursuant to the Program, Rocket Mortgage originates and services First Mortgages and HELOCs for CSB clients. Under the Program, CSB purchases certain First Mortgages and HELOCs that are originated by Rocket Mortgage. CSB purchased First Mortgages of $2.9 billion and $6.9 billion during 2023 and 2022, respectively. CSB purchased HELOCs with commitments of $181 million and $315 million during 2023 and 2022, respectively. The Company’s commitments to extend credit on lines of credit and to purchase First Mortgages are as follows: December 31, 2023 2022 Commitments to extend credit related to unused HELOCs, PALs, and other lines of credit $ 2,996 $ 4,533 Commitments to purchase First Mortgage loans 351 492 Total $ 3,347 $ 5,025 Guarantees and indemnifications: Schwab has clients that sell (i.e., write) listed option contracts that are cleared by the Options Clearing Corporation – a clearing house that establishes margin requirements on these transactions. We satisfy the margin requirements of these transactions through pledging certain client securities. For additional information on these pledged securities, refer to Note 17. In connection with its securities lending activities, Schwab is required to provide collateral to certain brokerage clients. The Company satisfies the collateral requirements by providing cash as collateral. The Company also provides guarantees to securities clearing houses and exchanges under standard membership agreements, which require members to guarantee the performance of other members. Under the agreements, if another member becomes unable to satisfy its obligations to the clearing houses and exchanges, other members would be required to meet shortfalls. The Company’s liability under these arrangements is not quantifiable and may exceed the amounts it has posted as collateral. The Company also engages third-party firms to clear clients’ futures and options on futures transactions and to facilitate clients’ foreign exchange trading, and has agreed to indemnify these firms for any losses that they may incur from the client transactions introduced to them by the Company. The potential requirement for the Company to make payments under these arrangements is remote. Accordingly, no liability has been recognized for these guarantees. IDA agreement: The 2019 IDA agreement with the TD Depository Institutions became effective on October 6, 2020 and created responsibilities of the Company, including certain contingent obligations. On May 4, 2023, the 2019 IDA agreement was replaced and superseded by the 2023 IDA agreement, which specifies responsibilities, including certain contingent obligations, of the Company going forward. Pursuant to the 2023 IDA agreement, uninvested cash within eligible brokerage client accounts is swept off-balance sheet to deposit accounts at the TD Depository Institutions. Schwab provides recordkeeping and support services to the TD Depository Institutions with respect to the deposit accounts for which Schwab receives an aggregate monthly fee. The Company’s ability to migrate these balances to its balance sheet is dependent on multiple factors including having sufficient capital levels to sustain these incremental deposits and certain binding limitations specified in the 2023 IDA agreement, and, prior to May 4, 2023, the 2019 IDA agreement. The 2019 IDA agreement provided that, as of July 1, 2021, Schwab had the option to migrate up to $10 billion of IDA balances every 12 months to Schwab’s balance sheet, subject to certain limitations and adjustments. The Company migrated balances to the balance sheet in 2021 and 2022, subject to the terms of the 2019 IDA agreement. During 2023, Schwab did not move IDA balances to its balance sheet. The 2023 IDA agreement extends the agreement term to sweep balances to the TD Depository Institutions through July 1, 2034, and requires that Schwab maintain minimum and maximum IDA balances as follows: • Through September 10, 2025, Schwab must maintain minimum balances above the total of then-outstanding unmatured fixed-rate obligation amounts, with a maximum of $30 billion above this total amount. During this period, withdrawals of IDA balances by Schwab are generally permitted only to the extent of withdrawals initiated by Schwab customers, with limited exceptions, except to the extent necessary for Schwab to maintain balances below the applicable maximum. • After September 10, 2025, withdrawals of IDA balances are permitted at Schwab’s discretion, subject to an obligation to maintain IDA balances above a minimum of $60 billion, with a maximum of $90 billion. The 2023 IDA agreement eliminates the requirement of the 2019 IDA agreement that at least 80% of the IDA balances must be designated as fixed-rate obligation amounts. Designation of deposit balances for investment in fixed- or floating-rate instruments under the 2023 IDA agreement is now at Schwab’s sole discretion with certain limitations on the amount of fixed-rate obligation amounts. Pursuant to the 2023 IDA agreement, Schwab has the option to buy down up to $5 billion of fixed-rate obligation amounts by paying a market-based fee during the agreement term, subject to certain limits. If IDA balances decline below the required IDA balance minimum as described above, Schwab would be required to make a nonperformance payment to the TD Depository Institutions pursuant to the terms of the 2023 IDA agreement. In 2023, Schwab opted to buy down $5.0 billion of fixed-rate obligation amounts, incurring market-based fees of $249 million, which were capitalized as contract assets and included in other assets on the consolidated balance sheet. For additional information on these contract assets, see Note 9. As of December 31, 2023, the total ending IDA balance was $97.5 billion, of which $83.7 billion was fixed-rate obligation amounts and $13.8 billion was floating-rate obligation amounts. As of December 31, 2022, the total ending IDA balance was $122.6 billion, of which $108.5 billion was fixed-rate obligation amounts and $14.1 billion was floating-rate obligation amounts. Legal contingencies: Schwab is subject to claims and lawsuits in the ordinary course of business, including arbitrations, class actions and other litigation, some of which include claims for substantial or unspecified damages. The Company is also the subject of inquiries, investigations, and proceedings by regulatory and other governmental agencies. Predicting the outcome of a litigation or regulatory matter is inherently difficult, requiring significant judgment and evaluation of various factors, including the procedural status of the matter and any recent developments; prior experience and the experience of others in similar cases; available defenses, including potential opportunities to dispose of a case on the merits or procedural grounds before trial (e.g., motions to dismiss or for summary judgment); the progress of fact discovery; the opinions of counsel and experts regarding potential damages; and potential opportunities for settlement and the status of any settlement discussions. It may not be reasonably possible to estimate a range of potential liability until the matter is closer to resolution – pending, for example, further proceedings, the outcome of key motions or appeals, or discussions among the parties. Numerous issues may have to be developed, such as discovery of important factual matters and determination of threshold legal issues, which may include novel or unsettled questions of law. Reserves are established or adjusted or further disclosure and estimates of potential loss are provided as the matter progresses and more information becomes available. Schwab believes it has strong defenses in all significant matters currently pending and is contesting liability and any damages claimed. Nevertheless, some of these matters may result in adverse judgments or awards, including penalties, injunctions or other relief, and the Company may also determine to settle a matter because of the uncertainty and risks of litigation. Described below are matters in which there is a reasonable possibility that a material loss could be incurred or where the matter may otherwise be of significant interest to stockholders. Unless otherwise noted, the Company is unable to provide a reasonable estimate of any potential liability given the stage of proceedings in the matter. With respect to all other pending matters, based on current information and consultation with counsel, it does not appear reasonably possible that the outcome of any such matter would be material to the financial condition, operating results, or cash flows of the Company. Corrente Antitrust Litigation : On June 6, 2022, CSC was sued in the U.S. District Court for the Eastern District of Texas on behalf of a putative class of customers who purchased or sold securities through CS&Co or TD Ameritrade, Inc. from October 26, 2020 to the present. The lawsuit alleges that CSC’s acquisition of TD Ameritrade violated Section 7 of the Clayton Act because it has resulted in an anticompetitive market for the execution of retail customer orders. Plaintiffs seek unspecified damages, as well as injunctive and other relief. A motion by the Company to dismiss the lawsuit was denied by the court on February 24, 2023, and discovery is proceeding. Crago Order Routing Litigation : On July 13, 2016, a securities class action lawsuit was filed in the U.S. District Court for the Northern District of California on behalf of a putative class of customers executing equity orders through CS&Co. The lawsuit names CS&Co and CSC as defendants and alleges that an agreement under which CS&Co routed orders to UBS Securities LLC between July 13, 2011 and December 31, 2014 violated CS&Co’s duty to seek best execution. Plaintiffs seek unspecified damages, interest, injunctive and equitable relief, and attorneys’ fees and costs. After a first amended complaint was dismissed with leave to amend, plaintiffs filed a second amended complaint on August 14, 2017. Defendants again moved to dismiss, and in a decision issued December 5, 2017, the District Court denied the motion. Plaintiffs filed a motion for class certification on April 30, 2021, and in a decision on October 27, 2021, the court denied the motion and held that certification of a class action is inappropriate. Plaintiffs sought review of the order denying class certification by the U.S. Court of Appeals, 9th Circuit, which was denied. On February 2, 2023, the District Court denied a renewed motion by plaintiffs for class certification and ruled that any claims plaintiffs may pursue in their individual capacity must be brought in arbitration. The likelihood any such claims would be material to the financial condition, operating results or cash flows of the Company is remote. Ford Order Routing Litigation : On September 15, 2014, TDA Holding, TD Ameritrade, Inc. and its former CEO, Frederick J. Tomczyk, were sued in the U.S. District Court for the District of Nebraska on behalf of a putative class of TD Ameritrade, Inc. clients alleging that defendants failed to seek best execution and made misrepresentations and omissions regarding its order routing practices. Plaintiff seeks unspecified damages and injunctive and other relief. On September 14, 2018, the District Court granted plaintiff’s motion for class certification, and defendants petitioned for an immediate appeal of the District Court’s class certification decision. On April 23, 2021, the U.S. Court of Appeals, 8th Circuit, issued a decision reversing the District Court’s certification of a class and remanding the case back to the District Court for further proceedings. Plaintiff renewed his motion for class certification, which the District Court granted on September 20, 2022. Defendants are appealing the District Court’s ruling before the U.S. Court of Appeals, 8th Circuit.

Exit and Other Related Liabilit

Exit and Other Related Liabilities	12 Months Ended
	Dec. 31, 2023
Restructuring and Related Activities [Abstract]
Exit and Other Related Liabilities	Exit and Other Related Liabilities Integration of TD Ameritrade The Company completed its acquisition of TD Ameritrade effective October 6, 2020 and integration work continued during the year ended December 31, 2023, including the completion of four client transition groups. The Company expects to complete the remaining client transitions from TD Ameritrade to Schwab in a final transition group in May 2024. The Company expects to continue to incur significant acquisition and integration-related costs and integration-related capital expenditures throughout the remaining integration process. Such costs have included, and are expected to continue to include, professional fees, such as legal, advisory, and accounting fees, compensation and benefits expenses for employees and contractors involved in the integration work, and costs for technology enhancements. The Company has also incurred exit and other related costs to attain anticipated synergies, which are primarily comprised of employee compensation and benefits such as severance pay, other termination benefits, and retention costs, as well as costs related to facility closures, such as accelerated amortization and depreciation or impairments of assets in those locations. Exit and other related costs are a component of the Company’s overall acquisition and integration-related spending, and support the Company’s ability to achieve integration objectives including expected synergies. Our estimates of the nature, amounts, and timing of recognition of acquisition and integration-related costs remain subject to change based on certain factors, including the duration and complexity of the remaining integration process and the continued uncertainty of the economic environment. More specifically, factors that could cause variability in our expected acquisition and integration-related costs as we prepare for the last transition group and remaining integration work include the level of employee attrition, the complexity to wind-down the operations of the TD Ameritrade broker-dealers and related technology, and real estate-related exit cost variability. Inclusive of costs recognized through December 31, 2023, Schwab currently expects to incur total exit and other related costs for the integration of TD Ameritrade ranging from $500 million to $600 million, consisting of employee compensation and benefits, facility exit costs, and certain other costs. During each of the years ended December 31, 2023, 2022, and 2021, the Company recognized $60 million, $34 million, and $108 million of acquisition-related exit costs, respectively. The Company expects that remaining exit and other related costs will be incurred and charged to expense over the next 12 months, with some costs expected to be incurred after client transition to decommission duplicative platforms and complete integration work. In addition to ASC 420 Exit or Disposal Cost Obligations (ASC 420) , certain of the costs associated with these activities are accounted for in accordance with ASC 360 Property, Plant and Equipment (ASC 360) , ASC 712 Compensation – Nonretirement Post Employment Benefits (ASC 712) , ASC 718 Compensation – Stock Compensation (ASC 718) , and ASC 842 Leases (ASC 842) . The following is a summary of the TD Ameritrade integration activity in the Company’s exit and other related liabilities as of December 31, 2023 and 2022 and activity for the years ended December 31, 2023 and 2022: Investor Services Advisor Services Total Balance at December 31, 2021 (1) $ 28 $ 7 $ 35 Amounts recognized in expense (2) 19 6 25 Costs paid or otherwise settled (11) (3) (14) Balance at December 31, 2022 (1) $ 36 $ 10 $ 46 Amounts recognized in expense (2) 20 4 24 Costs paid or otherwise settled (14) (2) (16) Balance at December 31, 2023 (1) $ 42 $ 12 $ 54 (1) Included in accrued and expenses and other liabilities on the consolidated balance sheets. (2) Amounts recognized in expense for severance pay and other termination benefits, as well as retention costs, are primarily included in compensation and benefits on the consolidated statements of income. The following table summarizes the TD Ameritrade integration exit and other related costs recognized in expense for the year ended December 31, 2023: Investor Services Advisor Services Employee Facility Exit Costs (1) Investor Services Total Employee Facility Exit Costs (1) Advisor Services Total Total Compensation and benefits $ 20 $ — $ 20 $ 4 $ — $ 4 $ 24 Occupancy and equipment — 9 9 — 2 2 11 Other — 18 18 — 7 7 25 Total $ 20 $ 27 $ 47 $ 4 $ 9 $ 13 $ 60 (1) Costs related to facility closures. These costs, which are primarily comprised of impairment and accelerated amortization of ROU assets, relate to the impact of abandoning leased and other properties. Impairment charges are included in other expense, while accelerated amortization of ROU assets are included in occupancy and equipment on the consolidated statements of income. The following table summarizes the TD Ameritrade integration exit and other related costs recognized in expense for the year ended December 31, 2022: Investor Services Advisor Services Employee Facility Exit Costs (1) Investor Services Total Employee Facility Exit Cost (1) Advisor Services Total Total Compensation and benefits $ 19 $ — $ 19 $ 6 $ — $ 6 $ 25 Occupancy and equipment — 7 7 — 2 2 9 Total $ 19 $ 7 $ 26 $ 6 $ 2 $ 8 $ 34 (1) Costs related to facility closures. These costs, which are primarily comprised of accelerated amortization of ROU assets, relate to the impact of abandoning leased and other properties. Accelerated amortization of ROU assets are included in occupancy and equipment on the consolidated statements of income. The following table summarizes the TD Ameritrade integration exit and other related costs recognized in expense for the year ended December 31, 2021: Investor Services Advisor Services Employee Facility Exit Cost (1) Investor Services Total Employee Facility Exit Cost (1) Advisor Services Total Total Compensation and benefits $ 66 $ — $ 66 $ 17 $ — $ 17 $ 83 Occupancy and equipment — 18 18 — 4 4 22 Professional services — 1 1 — — — 1 Other — 2 2 — — — 2 Total $ 66 $ 21 $ 87 $ 17 $ 4 $ 21 $ 108 (1) Costs related to facility closures. These costs, which are primarily comprised of accelerated amortization of ROU assets, relate to the impact of abandoning leased and other properties. Accelerated amortization of ROU assets are included in occupancy and equipment on the consolidated statements of income. The following table summarizes the TD Ameritrade integration exit and other related costs incurred from October 6, 2020 through December 31, 2023: Investor Services Advisor Services Employee Compensation and Benefits Facility Exit Costs (1) Investor Services Total Employee Compensation and Benefits Facility Exit Costs (1) Advisor Services Total Total Compensation and benefits $ 243 $ — $ 243 $ 65 $ — $ 65 $ 308 Occupancy and equipment — 40 40 — 9 9 49 Depreciation and amortization — 2 2 — 1 1 3 Professional services — 1 1 — — — 1 Other — 20 20 — 7 7 27 Total $ 243 $ 63 $ 306 $ 65 $ 17 $ 82 $ 388 (1) Costs related to facility closures. These costs, which are primarily comprised of impairment and accelerated amortization of ROU assets and accelerated depreciation of fixed assets, relate to the impact of abandoning leased and other properties. Impairment charges are included in other expense, while accelerated amortization of ROU assets and accelerated depreciation of fixed assets are included in occupancy and equipment and depreciation expense, respectively, on the consolidated statements of income. Other With significant progress now made in the integration of TD Ameritrade, the Company has begun to take incremental actions to streamline its operations to prepare for post-integration, including through position eliminations and decreasing its real estate footprint. In order to achieve anticipated cost savings through these actions, the Company expects to incur total exit and related costs, primarily related to employee compensation and benefits and facility exit costs, of approximately $500 million inclusive of costs recognized through December 31, 2023 of $495 million. The Company anticipates the remaining costs, primarily related to real estate, will be incurred during 2024. In addition to ASC 420, certain of the costs associated with these activities are accounted for in accordance with ASC 360, ASC 712, ASC 718, and ASC 842. The following is a summary of the restructuring activity in the Company’s exit and other related liabilities as of December 31, 2023 and activity for the year ended December 31, 2023: Investor Services Advisor Services Total Balance at December 31, 2022 (1) $ — $ — $ — Amounts recognized in expense (2) 214 78 292 Costs paid or otherwise settled (43) (15) (58) Balance at December 31, 2023 (1) $ 171 $ 63 $ 234 (1) Included in accrued expenses and other liabilities on the consolidated balance sheets. (2) Amounts recognized in expense for severance pay and other termination benefits are included in compensation and benefits on the consolidated statements of income. The following table summarizes the restructuring exit and other related costs recognized in expense for the year ended December 31, 2023, which represents cumulative costs incurred to date: Investor Services Advisor Services Employee Compensation and Benefits Facility Exit Costs (1) Investor Services Total Employee Compensation and Benefits Facility Exit Costs (1) Advisor Services Total Total Compensation and benefits $ 214 $ — $ 214 $ 78 $ — $ 78 $ 292 Occupancy and equipment — 13 13 — 4 4 17 Professional services — 4 4 — 1 1 5 Other — 134 134 — 47 47 181 Total $ 214 $ 151 $ 365 $ 78 $ 52 $ 130 $ 495 (1) Costs related to facility closures. These costs, which are primarily comprised of impairment and accelerated amortization of ROU assets and impairment of fixed assets, relate to the impact of abandoning leased and other properties. Impairment charges are included in other expense, while accelerated amortization of ROU assets are included in occupancy and equipment on the consolidated statements of income.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	12 Months Ended
	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities Risk Management Objective of Using Derivatives Beginning in 2023, the Company utilizes derivative instruments to manage interest rate risk exposures that arise from business activities related to changes in fair values or the receipt of future known and uncertain cash amounts due to changes in interest rates. The Company uses derivative instruments to manage changes in the fair values of, as well as changes in the amounts and/or timing of known or expected cash receipts related to, our AFS investment portfolio. For a description of how the Company accounts for derivative instruments, see Note 2. For additional information on the basis of presentation for derivative instruments on the Company’s consolidated balance sheets and related offsetting considerations, see Note 17. Fair Value Hedges of Interest Rate Risk The Company is exposed to changes in the fair value of its fixed-rate AFS securities due to changes in benchmark interest rates. The Company uses cleared interest rate swaps to manage its exposure to changes in fair value on these instruments attributable to changes in the designated benchmark interest rate. Cleared interest rate swaps designated as fair value hedges involve the payment of fixed-rate amounts to a CCP in exchange for the Company receiving floating-rate payments over the life of the agreements without the exchange of the underlying notional amount. The Company had outstanding interest rate swaps with aggregate notional amounts of $8.9 billion at December 31, 2023 that were designated as fair value hedges of interest rate risk. Fair Values of Derivative Instruments The table below presents the gross fair values of the Company’s interest rate swaps designated as hedging instruments on the consolidated balance sheet: December 31, 2023 Assets Liabilities Interest rate swaps (1,2) $ — $ — (1) Derivative assets are included in other assets and derivative liabilities are included in accrued expenses and other liabilities on the consolidated balance sheet. Amounts were less than $500 thousand as of December 31, 2023. (2) Includes an $87 million and $2 million reduction of derivative assets and liabilities, respectively, related to variation margin settlements on derivatives cleared through CCPs. Settlements on derivative positions cleared through CCPs are reflected as reductions to the associated derivative asset and liability balances. Effects of Fair Value Hedge Accounting The following amounts are included in AFS securities on the consolidated balance sheet related to fair value hedges: December 31, 2023 Amortized cost of hedged AFS securities (1,2) $ 8,765 Cumulative fair value hedging adjustment included in the amortized cost of hedged AFS securities (1,2) (85) (1) Includes the amortized cost basis of closed portfolios of AFS securities used to designate hedging relationships in which the hedged item is the stated amount of assets in the closed portfolios anticipated to be outstanding for the designated hedge period. The amortized cost basis of the closed portfolios used in these hedging relationships is $2.1 billion, of which $1.6 billion is designated in a portfolio layer hedging relationship. The cumulative basis adjustments associated with these hedging relationships are a reduction of the amortized cost basis of the closed portfolios of $19 million. (2) Excludes the amortized cost and fair value hedging adjustment of AFS securities for which hedge accounting has been discontinued. The cumulative amount of fair value hedging adjustments remaining for these securities is a reduction of the amortized cost basis of less than $500 thousand, which is recorded in AFS securities on the consolidated balance sheet and amortized to interest revenue as a yield adjustment over the lives of the securities. The table below presents the effect of the Company’s interest rate swaps designated as fair value hedges on the consolidated statement of income: Year Ended December 31, 2023 Gain (loss) on fair value hedging relationships recognized in interest revenue: Hedged items $ (85) Derivatives designated as hedging instruments (1) 85 (1) Excludes net income (expense) from periodic interest accruals and receipts (payments) of $2 million.

Financial Instruments Subject t

Financial Instruments Subject to Off-Balance Sheet Credit Risk	12 Months Ended
	Dec. 31, 2023
Offsetting [Abstract]
Financial Instruments Subject to Off-Balance Sheet Credit Risk	Financial Instruments Subject to Off-Balance Sheet Credit Risk Interest rate swaps: Beginning in 2023, Schwab uses interest rate swaps to manage certain interest rate risk exposures. Schwab’s interest rate swaps are cleared through CCPs which require the Company to post initial margin as collateral against potential losses. Schwab pledges investment securities as collateral in order to meet the CCP’s initial margin requirements. Initial margin is posted through FCMs which serve as the intermediary between CCPs and Schwab. Our interest rate swaps are subject to enforceable master netting arrangements allowing a right of setoff within each FCM-CCP relationship; however, we do not net these positions. Therefore, interest rate swaps are presented gross in the condensed consolidated balance sheets. See Note 16 for additional information on the Company’s interest rate swaps. Resale agreements: Schwab enters into collateralized resale agreements principally with other broker-dealers, which could result in losses in the event the counterparty fails to purchase the securities held as collateral for the cash advanced and the fair value of the securities declines. To mitigate this risk, Schwab requires that the counterparty deliver securities to a custodian, to be held as collateral, with a fair value at or in excess of the resale price. Schwab also sets standards for the credit quality of the counterparty, monitors the fair value of the underlying securities as compared to the related receivable, including accrued interest, and requires additional collateral where deemed appropriate. The collateral provided under these resale agreements is utilized to meet obligations under broker-dealer client protection rules, which place limitations on our ability to access such segregated securities. For Schwab to repledge or sell this collateral, we would be required to deposit cash and/or securities of an equal amount into our segregated reserve bank accounts in order to meet our segregated cash and investments requirement. Schwab’s resale agreements as of December 31, 2023 and 2022 were not subject to master netting arrangements. Securities lending: Schwab loans brokerage client securities temporarily to other broker-dealers and clearing houses in connection with its securities lending activities and receives cash as collateral for the securities loaned. Increases in security prices may cause the fair value of the securities loaned to exceed the amount of cash received as collateral. In the event a counterparty to these transactions does not return the loaned securities or provide additional cash collateral, we may be exposed to the risk of acquiring the securities at prevailing market prices in order to satisfy our client obligations. Schwab mitigates this risk by requiring credit approvals for counterparties, monitoring the fair value of securities loaned, and requiring additional cash as collateral when necessary. In addition, most of our securities lending transactions are through a program with a clearing organization, which guarantees the return of cash to us. We also borrow securities from other broker-dealers to fulfill short sales by brokerage clients and deliver cash to the lender in exchange for the securities. The fair value of these borrowed securities was $1.5 billion and $685 million at December 31, 2023 and 2022, respectively. Our securities lending transactions are subject to enforceable master netting arrangements with other broker-dealers; however, we do not net securities lending transactions. Therefore, the securities loaned and securities borrowed are presented gross in the consolidated balance sheets. Repurchase agreements: Schwab enters into collateralized repurchase agreements with external financial institutions in which the Company sells securities and agrees to repurchase these securities on a specified future date at a stated repurchase price. These repurchase agreements are collateralized by investment securities with a fair value equal to or in excess of the secured borrowing liability. Decreases in security prices posted as collateral for repurchase agreements may require Schwab to transfer cash or additional securities deemed acceptable by the counterparty. To mitigate this risk, Schwab monitors the fair value of underlying securities pledged as collateral compared to the related liability. Our collateralized repurchase agreements with each external financial institution are considered to be enforceable master netting arrangements. However, we do not net these arrangements. As such, the secured short-term borrowings associated with these collateralized repurchase agreements are presented gross in the consolidated balance sheets. The following table presents information about our interest rate swaps, resale agreements, securities lending, repurchase agreements, and other activity depicting the potential effect of rights of setoff between these recognized assets and liabilities. Gross Gross Amounts Offset in the Consolidated Net Amounts Presented in the Consolidated Gross Amounts Not Offset in the Net Counterparty Collateral December 31, 2023 Assets Resale agreements (1) $ 8,844 $ — $ 8,844 $ — $ (8,844) (2) $ — Securities borrowed (3) 1,563 — 1,563 (1,307) (253) 3 Interest rate swaps (4) — — — — — (5) — Total $ 10,407 $ — $ 10,407 $ (1,307) $ (9,097) $ 3 Liabilities Repurchase agreements (6) $ 4,903 $ — $ 4,903 $ — $ (4,903) $ — Securities loaned (7) 5,397 — 5,397 (1,307) (3,619) 471 Secured short-term borrowings (8) 1,650 — 1,650 — (1,650) — Interest rate swaps (4) — — — — — (5) — Total $ 11,950 $ — $ 11,950 $ (1,307) $ (10,172) $ 471 December 31, 2022 Assets Resale agreements (1) $ 12,159 $ — $ 12,159 $ — $ (12,159) (2) $ — Securities borrowed (3) 705 — 705 (331) (366) 8 Total $ 12,864 $ — $ 12,864 $ (331) $ (12,525) $ 8 Liabilities Repurchase agreements (6) $ 4,402 $ — $ 4,402 $ — $ (4,402) $ — Securities loaned (7) 4,200 — 4,200 (331) (3,313) 556 Total $ 8,602 $ — $ 8,602 $ (331) $ (7,715) $ 556 (1) Included in cash and investments segregated and on deposit for regulatory purposes in the consolidated balance sheets. (2) Actual collateral was greater than or equal to the value of the related assets. At December 31, 2023 and 2022, the fair value of collateral received in connection with resale agreements that are available to be repledged or sold was $9.0 billion and $12.3 billion, respectively. (3) Included in other assets in the consolidated balance sheets. (4) Derivative assets are included in other assets and derivative liabilities are included in accrued expenses and other liabilities on the consolidated balance sheets. Amounts were less than $500 thousand during the periods presented. (5) At December 31, 2023, the fair value of initial margin pledged as collateral related to interest rate swaps was $195 million. See Notes 5 and 16 for additional information. (6) Included in other short-term borrowings in the consolidated balance sheets. Actual collateral value was greater than or equal to the value of the related liabilities. At December 31, 2023 and 2022, the fair value of collateral pledged in connection with repurchase agreements was $5.3 billion and $4.6 billion, respectively. See Note 12 for additional information. (7) Included in accrued expenses and other liabilities in the consolidated balance sheets. Securities loaned are predominantly comprised of equity securities held in client brokerage accounts with overnight and continuous remaining contractual maturities. The cash collateral received from counterparties under securities lending transactions was equal to or greater than the market value of the securities loaned at December 31, 2023 and 2022. (8) Included in other short-term borrowings in the consolidated balance sheets. See below for collateral pledged and Note 12 for additional information. Client trade settlement: Schwab is obligated to settle transactions with brokers and other financial institutions even if our clients fail to meet their obligations to us. Clients are required to complete their transactions on settlement date, generally two business days after the trade date. If clients do not fulfill their contractual obligations, we may incur losses. We have established procedures to reduce this risk by requiring deposits from clients in excess of amounts prescribed by regulatory requirements for certain types of trades, and therefore the potential to make payments under these client transactions is remote. Accordingly, no liability has been recognized for these transactions. Margin lending: Clients with margin loans have agreed to allow Schwab to pledge collateralized securities in their brokerage accounts in accordance with federal regulations. The following table summarizes the fair value of client securities that were available, under such regulations, that could have been used as collateral, as well as the fair value of securities that we had pledged to third parties under such regulations and from securities borrowed transactions: December 31, 2023 2022 Fair value of client securities available to be pledged $ 86,911 $ 86,775 Fair value of securities pledged for: Fulfillment of requirements with the Options Clearing Corporation (1) $ 13,355 $ 11,717 Fulfillment of client short sales 7,009 4,750 Securities lending to other broker-dealers 4,688 3,472 Collateral for secured short-term borrowings 1,991 — Total collateral pledged to third parties $ 27,043 $ 19,939 Note: Excludes amounts available and pledged for securities lending from fully-paid client securities. The fair value of fully-paid client securities available and pledged was $179 million and $160 million as of December 31, 2023 and 2022, respectively. (1)

Fair Values of Assets and Liabi

Fair Values of Assets and Liabilities	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Fair Values of Assets and Liabilities	Fair Values of Assets and Liabilities For a description of the fair value hierarchy and Schwab’s fair value methodologies, including the use of independent third-party pricing services, see Note 2. The Company did not adjust prices received from the primary independent third-party pricing service at December 31, 2023 or 2022. Assets and Liabilities Measured at Fair Value on a Recurring Basis The following tables present the fair value hierarchy for assets and liabilities measured at fair value on a recurring basis: December 31, 2023 Level 1 Level 2 Level 3 Balance at Cash equivalents: Money market funds $ 14,573 $ — $ — $ 14,573 Total cash equivalents 14,573 — — 14,573 Investments segregated and on deposit for regulatory purposes: U.S. Government securities — 20,358 — 20,358 Total investments segregated and on deposit for regulatory purposes — 20,358 — 20,358 Available for sale securities: U.S. agency mortgage-backed securities — 62,795 — 62,795 U.S. Treasury securities — 21,471 — 21,471 Corporate debt securities — 12,484 — 12,484 Asset-backed securities — 9,087 — 9,087 Foreign government agency securities — 1,002 — 1,002 U.S. state and municipal securities — 579 — 579 Non-agency commercial mortgage-backed securities — 109 — 109 Certificates of deposit — 100 — 100 Other — 19 — 19 Total available for sale securities — 107,646 — 107,646 Other assets: Other securities owned: Equity, corporate debt, and other securities 992 73 — 1,065 Mutual funds and ETFs 795 — — 795 State and municipal debt obligations — 27 — 27 U.S. Government securities — 26 — 26 Total other securities owned 1,787 126 — 1,913 Total other assets 1,787 126 — 1,913 Total assets $ 16,360 $ 128,130 $ — $ 144,490 Accrued expenses and other liabilities: Other $ 1,644 $ 89 $ — $ 1,733 Total accrued expenses and other liabilities 1,644 89 — 1,733 Total liabilities $ 1,644 $ 89 $ — $ 1,733 December 31, 2022 Level 1 Level 2 Level 3 Balance at Cash equivalents: Money market funds $ 14,007 $ — $ — $ 14,007 Commercial paper — 48 — 48 Total cash equivalents 14,007 48 — 14,055 Investments segregated and on deposit for regulatory purposes: U.S. Government securities — 23,645 — 23,645 Certificates of deposit — 1,000 — 1,000 Total investments segregated and on deposit for regulatory purposes — 24,645 — 24,645 Available for sale securities: U.S. agency mortgage-backed securities — 77,688 — 77,688 U.S. Treasury securities — 40,002 — 40,002 Asset-backed securities — 13,023 — 13,023 Corporate debt securities — 12,555 — 12,555 Certificates of deposit — 2,231 — 2,231 Foreign government agency securities — 969 — 969 U.S. state and municipal securities — 638 — 638 Non-agency commercial mortgage-backed securities — 450 — 450 Other — 315 — 315 Total available for sale securities — 147,871 — 147,871 Other assets: Other securities owned: Equity, corporate debt, and other securities 755 55 — 810 Mutual funds and ETFs 596 — — 596 State and municipal debt obligations — 25 — 25 U.S. Government securities — 1 — 1 Total other securities owned 1,351 81 — 1,432 Total other assets 1,351 81 — 1,432 Total assets $ 15,358 $ 172,645 $ — $ 188,003 Accrued expenses and other liabilities: Other $ 1,218 $ 43 $ — $ 1,261 Total accrued expenses and other liabilities 1,218 43 — 1,261 Total liabilities $ 1,218 $ 43 $ — $ 1,261 Fair Value of Other Financial Instruments The following tables present the fair value hierarchy for other financial instruments: December 31, 2023 Carrying Level 1 Level 2 Level 3 Balance at Assets Cash and cash equivalents $ 28,764 $ 28,764 $ — $ — $ 28,764 Cash and investments segregated and on deposit for regulatory purposes 11,438 2,628 8,810 — 11,438 Receivables from brokerage clients — net 68,629 — 68,629 — 68,629 Held to maturity securities: U.S. agency mortgage-backed securities 159,452 — 147,091 — 147,091 Total held to maturity securities 159,452 — 147,091 — 147,091 Bank loans — net: First Mortgages 26,121 — 23,226 — 23,226 HELOCs 477 — 508 — 508 Pledged asset lines 13,548 — 13,548 — 13,548 Other 293 — 293 — 293 Total bank loans — net 40,439 — 37,575 — 37,575 Other assets 4,960 — 4,960 — 4,960 Liabilities Bank deposits $ 289,953 $ — $ 289,953 $ — $ 289,953 Payables to brokerage clients 84,786 — 84,786 — 84,786 Accrued expenses and other liabilities 7,609 — 7,609 — 7,609 Other short-term borrowings 6,553 — 6,553 — 6,553 Federal Home Loan Bank borrowings 26,400 — 26,400 — 26,400 Long-term debt 26,043 — 25,000 — 25,000 December 31, 2022 Carrying Level 1 Level 2 Level 3 Balance at Assets Cash and cash equivalents $ 26,140 $ 26,140 $ — $ — $ 26,140 Cash and investments segregated and on deposit for regulatory purposes 18,288 6,156 12,132 — 18,288 Receivables from brokerage clients — net 66,573 — 66,573 — 66,573 Held to maturity securities: U.S. agency mortgage-backed securities 173,074 — 158,936 — 158,936 Total held to maturity securities 173,074 — 158,936 — 158,936 Bank loans — net: First Mortgages 25,132 — 22,201 — 22,201 HELOCs 593 — 657 — 657 Pledged asset lines 14,592 — 14,592 — 14,592 Other 188 — 188 — 188 Total bank loans — net 40,505 — 37,638 — 37,638 Other assets 3,788 — 3,788 — 3,788 Liabilities Bank deposits $ 366,724 $ — $ 366,724 $ — $ 366,724 Payables to brokerage clients 97,438 — 97,438 — 97,438 Accrued expenses and other liabilities 5,584 — 5,584 — 5,584 Other short-term borrowings 4,650 — 4,650 — 4,650 Federal Home Loan Bank borrowings 12,400 — 12,400 12,400 Long-term debt 20,760 — 19,108 — 19,108

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2023
Stockholders' Equity Note [Abstract]
Stockholders' Equity	Stockholders’ Equity Common and Nonvoting Common Stock CSC did not issue common shares through external offerings during the years ended December 31, 2023, 2022 or 2021. In conjunction with its acquisition of TD Ameritrade in 2020, the Company issued shares of a nonvoting class of CSC common stock to TD Bank and its affiliates. Each share of nonvoting common stock has identical rights to common stock, including liquidation and dividend rights, except that holders of nonvoting common stock have no voting rights other than over matters that significantly and adversely affect the rights or preferences of the nonvoting common stock, or as required by applicable law. Holders of nonvoting common stock are restricted from transferring shares except for permitted inside or outside transfers, as defined in the Company’s certificate of incorporation. Shares of nonvoting common stock transferred in a permitted outside transfer are automatically converted to shares of common stock. On August 1, 2022, an affiliate of TD Bank executed a permitted outside transfer of 13 million shares of CSC nonvoting common stock, upon which the shares of nonvoting common stock automatically converted to shares of common stock. Following this transfer and CSC’s repurchase of nonvoting common stock described below, TD Bank and its affiliates held approximately 51 million shares of nonvoting common stock as of December 31, 2023. Share Repurchase Program On July 27, 2022, CSC publicly announced that its Board of Directors approved a new share repurchase authorization to repurchase up to $15.0 billion of common stock, replacing the previous and now terminated share repurchase authorization of up to $4.0 billion of common stock. The new share repurchase authorization does not have an expiration date. On August 1, 2022, CSC purchased, directly from an affiliate of TD Bank, 15 million shares of nonvoting common stock for a total of $1.0 billion, or approximately $66.53 per share. The shares of nonvoting common stock automatically converted into common stock and were purchased under CSC’s new share repurchase authorization. The purchase price paid by CSC was equal to the lowest price per share that the affiliate of TD Bank received in a contemporaneous share sale facilitated by a third-party market maker, which resulted in a purchase price lower than the closing price on August 1, 2022. CSC repurchased an additional 32 million shares of its common stock under the new authorization for $2.4 billion during the year ended December 31, 2022. CSC repurchased 37 million shares of its common stock for $2.8 billion during the year ended December 31, 2023. As of December 31, 2023, approximately $8.7 billion remained on the new authorization. Beginning in 2023, share repurchases, net of issuances, are subject to a nondeductible excise tax which was recognized as a direct and incremental cost associated with these transactions. Preferred Stock On March 18, 2021, the Company issued and sold 2,250,000 depositary shares, each representing a 1/100th ownership interest in a share of 4.000% fixed-rate reset non-cumulative perpetual preferred stock, Series I, $.01 par value per share, with a liquidation preference of $100,000 per share (equivalent of $1,000 per depositary share). The net proceeds of the offering were $2.2 billion, after deducting the underwriting discount and offering expenses. On March 30, 2021, the Company issued and sold 24,000,000 depositary shares, each representing a 1/40th ownership interest in a share of 4.450% fixed-rate non-cumulative perpetual preferred stock, Series J, $.01 par value, with a liquidation preference of $1,000 per share (equivalent of $25 per depositary share). The net proceeds of the offering were $584 million, after deducting the underwriting discount and offering expenses. On June 1, 2021, the Company redeemed all of the 600,000 outstanding shares of its 6.00% non-cumulative perpetual preferred stock, Series C, and the corresponding 24,000,000 depositary shares, each representing a 1/40th interest in a share of the Series C preferred stock. The depositary shares were redeemed at a redemption price of $25 per depositary share for a total of $600 million. On March 4, 2022, the Company issued and sold 750,000 depositary shares, each representing a 1/100th ownership interest in a share of 5.000% fixed-rate reset non-cumulative perpetual preferred stock, Series K, $.01 par value, with a liquidation preference of $100,000 per share (equivalent of $1,000 per depositary share). The net proceeds of the offering were $740 million, after deducting the underwriting discount and offering expenses. On November 1, 2022, the Company redeemed all of the 400,000 outstanding shares of its fixed-to-floating rate non-cumulative perpetual preferred stock, Series A at a redemption price of $1,000 per share for a total of $400 million. On December 1, 2022, the Company redeemed all of the 6,000 outstanding shares of its fixed-to-floating rate non-cumulative perpetual preferred stock, Series E, and the corresponding 600,000 depositary shares, each representing a 1/100th interest in a share of the Series E preferred stock. The depositary shares were redeemed at a redemption price of $1,000 per depositary share for a total of $600 million. During the year ended December 31, 2023, the Company repurchased 11,620 depositary shares representing interests in Series F preferred stock for $11 million, 42,036 depositary shares representing interests in Series G preferred stock for $42 million, 273,251 depositary shares representing interests in Series H preferred stock for $235 million, and 194,567 depositary shares representing interests in Series I preferred stock for $179 million on the open market . The repurchase prices are inclusive of $3 million of dividends accrued by the stockholders as of the repurchase date. The share repurchases, net of issuances, are subject to a nondeductible excise tax which was recognized as a direct and incremental cost associated with these transactions. CSC was authorized to issue 9,940,000 shares of preferred stock, $.01 par value, at December 31, 2023 and 2022. The following is a summary of CSC’s non-cumulative perpetual preferred stock issued and outstanding as of such dates: Dividend Rate in Effect at December 31, 2023 Date at Which Dividend Rate Resets or Becomes Floating Reset / Margin Over Reset / Floating Rate Shares Issued and Outstanding (in ones) at December 31, Liquidation Preference Per Share Carrying Value at December 31, Earliest Redemption Date 2023 (1) 2022 (1) 2023 2022 Issue Date Fixed-rate: Series D 750,000 750,000 1,000 728 728 03/07/16 5.950 % 06/01/21 N/A N/A N/A Series J 600,000 600,000 1,000 584 584 03/30/21 4.450 % 06/01/26 N/A N/A N/A Fixed-to-floating rate/Fixed-rate reset: Series F 4,884 5,000 100,000 481 492 10/31/17 5.000 % 12/01/27 12/01/27 3M LIBOR (4) 2.575 % Series G (2) 24,580 25,000 100,000 2,428 2,470 04/30/20 5.375 % 06/01/25 06/01/25 5-Year Treasury 4.971 % Series H (3) 22,267 25,000 100,000 2,200 2,470 12/11/20 4.000 % 12/01/30 12/01/30 10-Year Treasury 3.079 % Series I (2) 20,554 22,500 100,000 2,030 2,222 03/18/21 4.000 % 06/01/26 06/01/26 5-Year Treasury 3.168 % Series K (2) 7,500 7,500 100,000 740 740 03/04/22 5.000 % 06/01/27 06/01/27 5-Year Treasury 3.256 % Total preferred 1,429,785 1,435,000 9,191 9,706 (1) Represented by depositary shares. (2) The dividend rate for Series G, Series I and Series K resets on each five-year anniversary from the first reset date. (3) The dividend rate for Series H resets on each ten-year anniversary from the first reset date. (4) The reset/floating rate for Series F will be determined by the calculation agent prior to the commencement of the floating rate period using what the calculation agent determines to be the industry-accepted substitute or successor base rate to LIBOR. N/A Not applicable. Dividends declared on the Company’s preferred stock are as follows: Year Ended December 31, 2023 2022 2021 Total Declared (1) (in millions) Per Share Total Per Share Total Per Share Series A (2) N/A N/A $ 19.1 $ 47.73 $ 28.0 $ 70.00 Series C (3) N/A N/A N/A N/A 18.0 30.00 Series D 44.6 59.52 44.6 59.52 44.6 59.52 Series E (4) N/A N/A 37.0 6,161.42 27.8 4,625.00 Series F 24.3 5,000.00 25.0 5,000.00 25.0 5,000.00 Series G 132.2 5,375.00 134.4 5,375.00 134.4 5,375.00 Series H (5) 90.4 4,000.00 100.0 4,000.00 97.2 3,888.89 Series I (6) 82.8 4,000.00 90.0 4,000.00 63.2 2,811.11 Series J (7) 26.7 44.52 26.7 44.52 17.9 29.8 Series K (8) 37.4 5,000.00 27.8 3,708.33 N/A N/A Total $ 438.4 $ 504.6 $ 456.1 (1) Excludes $3 million of dividends declared on Series G, H and I, and accrued by stockholders as of the repurchase date. Such dividends are part of the consideration paid upon repurchase of the depositary shares during the year ended December 31, 2023. (2) Series A was redeemed on November 1, 2022. Prior to redemption, dividends were paid semi-annually until February 1, 2022 and quarterly thereafter. The final dividend was paid on November 1, 2022. (3) Series C was redeemed on June 1, 2021. Prior to redemption, dividends were paid quarterly and the final dividend was paid on June 1, 2021. (4) Series E was redeemed on December 1, 2022. Prior to redemption, dividends were paid semi-annually until March 1, 2022 and quarterly thereafter. The final dividend was paid on December 1, 2022. (5) Series H was issued on December 11, 2020. Dividends are paid quarterly, and the first dividend was paid on March 1, 2021. (6) Series I was issued on March 18, 2021. Dividends are paid quarterly, and the first dividend was paid on June 1, 2021. (7) Series J was issued on March 30, 2021. Dividends are paid quarterly, and the first dividend was paid on June 1, 2021. (8) Series K was issued on March 4, 2022. Dividends are paid quarterly, and the first dividend was paid on June 1, 2022. N/A Not applicable. Dividends on CSC’s preferred stock are not cumulative and will only be paid on a series of preferred stock for a dividend period if declared by CSC’s Board of Directors. Under the terms of each series of preferred stock, CSC’s ability to pay dividends on, make distributions with respect to, or to repurchase, redeem or acquire its common stock or any preferred stock ranking on parity with or junior to the series of preferred stock, is subject to restrictions in the event that CSC does not declare and either pay or set aside a sum sufficient for payment of dividends on the series of preferred stock for the immediately preceding dividend period. Dividends on fixed-rate and fixed-rate reset preferred stock are payable quarterly. Dividends on fixed-to-floating-rate preferred stock are payable semi-annually while at a fixed rate and will become payable quarterly after converting to a floating rate. Redemption Rights Each series of CSC’s preferred stock, except for Series G, may be redeemed at CSC’s option on any dividend payment date on or after the earliest redemption date for that series. Series G preferred stock may be redeemed at CSC’s option on any reset date on or after the earliest redemption date for the series. All outstanding preferred stock series may also be redeemed following a “capital treatment event,” as described in the terms of each series set forth in the relevant certificate of designations. Any redemption of CSC’s preferred stock is subject to approval from the Federal Reserve.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Accumulated Other Comprehensive Income	Accumulated Other Comprehensive Income AOCI represents cumulative gains and losses that are not reflected in earnings. AOCI balances and the components of other comprehensive income (loss) are as follows: Total AOCI Balance at December 31, 2020 $ 5,394 Available for sale securities: Net unrealized gain (loss), net of tax expense (benefit) of $(2,029) (6,492) Other reclassifications included in other revenue, net of tax expense (benefit) of $(1) (3) Other, net of tax expense (benefit) of $(3) (8) Balance at December 31, 2021 $ (1,109) Available for sale securities: Net unrealized gain (loss), excluding transfers to held to maturity, net of tax expense (benefit) of $(6,994) (22,106) Net unrealized loss on securities transferred to held to maturity, net of tax benefit of $4,377 13,851 Other reclassifications included in other revenue, net of tax expense (benefit) of $2 7 Held to maturity securities: Net unrealized loss on securities transferred from available for sale, net of tax benefit of $4,377 (13,851) Amortization of amounts previously recorded upon transfer from available for sale, net of tax expense (benefit) of $165 542 Other, net of tax expense (benefit) of $15 45 Balance at December 31, 2022 $ (22,621) Available for sale securities: Net unrealized gain (loss), net of tax expense (benefit) of $886 2,653 Other reclassifications included in other revenue, net of tax expense (benefit) of $15 46 Held to maturity securities: Amortization of amounts previously recorded upon transfer from available for sale, net of tax expense (benefit) of $657 1,817 Other, net of tax expense (benefit) of $(9) (26) Balance at December 31, 2023 $ (18,131) In 2022, the Company transferred a portion of its AFS securities to the HTM category. As of December 31, 2023, the total remaining unamortized loss on these securities transferred to HTM included in AOCI was $11.5 billion net of tax effect ($15.0 billion pre-tax). See Note 5 for additional discussion on the 2022 transfers of AFS securities to HTM.

Employee Incentive, Retirement,

Employee Incentive, Retirement, Deferred Compensation, and Career Achievement Plans	12 Months Ended
	Dec. 31, 2023
Retirement Benefits [Abstract]
Employee Incentive, Retirement, Deferred Compensation, and Career Achievement Plans	Employee Incentive, Retirement, Deferred Compensation, and Career Achievement Plans Schwab’s share-based incentive plans provide for granting options and restricted stock units to employees and non-employee directors. In addition, we offer retirement and employee stock purchase plans to eligible employees and sponsor deferred compensation plans for certain eligible employees and non-employee directors. A summary of share-based compensation expense and related income tax benefit is as follows: Year Ended December 31, 2023 2022 2021 Stock option expense $ 33 $ 30 $ 36 Restricted stock unit expense 262 311 200 Employee stock purchase plan expense 25 25 18 Total share-based compensation expense $ 320 $ 366 $ 254 Income tax benefit on share-based compensation expense (1) $ (76) $ (88) $ (60) (1) Excludes income tax benefits from stock options exercised and restricted stock units vested of $31 million, $51 million, and $93 million in 2023, 2022, and 2021, respectively. The Company issues shares for stock options and restricted stock units from treasury stock. On May 17, 2022, stockholders approved the 2022 Stock Incentive Plan which, among other things, increased the number of shares of common stock available for issuance to 113 million, plus up to 150 million shares from outstanding awards from predecessor stock incentive plans that expire, are forfeited or cancelled, or that are reacquired by the Company after May 17, 2022. At December 31, 2023, the Company was authorized to grant up to 108 million common shares under its existing stock incentive plans. Additionally, at December 31, 2023, the Company had 25 million shares reserved for future issuance under its employee stock purchase plan. As of December 31, 2023, there was $373 million of total unrecognized compensation cost related to outstanding stock options and restricted stock units, which is expected to be recognized through 2027 with a remaining weighted-average service period of 0.8 years for stock options, 1.8 years for restricted stock units without performance conditions, and 0.2 years for performance-based restricted stock units. Stock Option Plan Options are granted for the purchase of shares of common stock at an exercise price not less than market value on the date of grant, and expire ten years from the date of grant. Options generally vest annually over a one Stock option activity is summarized below: Number Weighted- Average Exercise Price Weighted- Average Remaining Contractual Aggregate Intrinsic Outstanding at December 31, 2022 16 $ 42.98 4.95 $ 646 Granted 3 68.25 Exercised (1) 28.29 Forfeited (1) — 63.16 Expired (1) — 39.30 Outstanding at December 31, 2023 18 $ 48.69 5.20 $ 379 Vested and expected to vest at December 31, 2023 17 $ 48.44 5.12 $ 377 Vested and exercisable at December 31, 2023 13 $ 41.51 3.84 $ 355 (1) Number of options was less than 500 thousand. The aggregate intrinsic value in the table above represents the difference between CSC’s closing stock price and the exercise price of each in-the-money option on the last trading day of the period presented. Information on stock options granted and exercised is presented below: Year Ended December 31, 2023 2022 2021 Weighted-average fair value of options granted per share $ 19.72 $ 22.09 $ 19.51 Cash received from options exercised 49 64 221 Tax benefit realized on options exercised 12 22 61 Aggregate intrinsic value of options exercised 62 113 322 We use an option pricing model to estimate the fair value of options granted. The model takes into account the contractual term of the stock option, expected volatility, dividend yield, and the risk-free interest rate. Expected volatility is based on the implied volatility of publicly-traded options on CSC’s stock. Dividend yield is based on the average historical CSC dividend yield. The risk-free interest rate is based on the yield of a U.S. Treasury zero-coupon issue with a remaining term similar to the contractual term of the option. We use historical option exercise data, which includes employee termination data, to estimate the probability of future option exercises. The assumptions used to value the options granted during the years presented and their expected lives were as follows: Year Ended December 31, 2023 2022 2021 Weighted-average expected dividend yield 1.70 % 1.18 % 1.36 % Weighted-average expected volatility 31 % 33 % 37 % Weighted-average risk-free interest rate 3.9 % 1.8 % 0.8 % Expected life (in years) 4.1 - 5.3 4.1 - 5.2 4.2 - 5.4 Restricted Stock Units Restricted stock units are awards that entitle the holder to receive shares of CSC’s common stock following a vesting period and are restricted from transfer or sale until vested. Restricted stock units without performance conditions generally vest annually over a one The Company’s restricted stock units activity is summarized below: Restricted Stock Units Without Performance Conditions Performance-Based Restricted Stock Units Total Number Weighted- Average Grant Date Fair Value Outstanding at December 31, 2022 7 4 11 $ 62.12 Granted (1) 3 — 3 76.73 Vested (3) (1) (4) 50.60 Forfeited (1) — — — 69.22 Outstanding at December 31, 2023 7 3 10 $ 72.76 (1) Number of units was less than 500 thousand. Retirement and Deferred Compensation Plans Employees can participate in Schwab’s qualified retirement plan, the SchwabPlan Retirement Savings and Investment Plan. The Company may match certain employee contributions or make additional contributions to this plan at its discretion. The Company’s total expense was $233 million, $217 million, and $187 million in 2023, 2022, and 2021, respectively. Schwab’s deferred compensation plan for certain eligible employees permits participants to defer the receipt of certain cash compensation. The deferred compensation plan for non-employee directors permits participants to defer receipt of all or a portion of their director fees and to receive either a grant of stock options, or upon ceasing service as a director, the number of shares of CSC’s common stock that would have resulted from investing the deferred fee amount into CSC’s common stock. The deferred compensation liability was $215 million and $175 million at December 31, 2023 and 2022, respectively. Financial Consultant Career Achievement Plan The financial consultant career achievement plan is a noncontributory, unfunded, nonqualified plan for eligible financial consultants. A financial consultant is eligible for earned cash payments after retirement contingent upon meeting certain performance levels, tenure, age, and client transitioning requirements. Allocations to the plan are calculated annually based on performance levels achieved and eligible compensation, and are subject to general creditors of the Company. Among other conditions, full vesting occurs when a financial consultant reaches 60 years of age and has at least ten years of service with the Company. The following table presents the changes in projected benefit obligation: December 31, 2023 2022 Projected benefit obligation at beginning of year $ 78 $ 119 Benefit cost (1) 12 19 Actuarial loss (gain) (2) 35 (60) Projected benefit obligation at end of year (3) $ 125 $ 78 (1) Includes service cost and interest cost, which are recognized in compensation and benefits expense and other expense, respectively, in the consolidated statements of income. (2) Actuarial loss (gain) is reflected in the consolidated statements of comprehensive income and is included in AOCI on the consolidated balance sheets. The portion, if any, beyond certain thresholds is subsequently amortized over the participants’ expected remaining service period into other expense on the consolidated statements of income. (3) This amount is recognized as a liability in accrued expenses and other liabilities on the consolidated balance sheets.

Taxes on Income

Taxes on Income	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Taxes on Income	Taxes on Income The components of taxes on income are as follows: Year Ended December 31, 2023 2022 2021 Current: Federal $ 1,658 $ 1,889 $ 1,507 State 131 334 298 Total current 1,789 2,223 1,805 Deferred: Federal (395) (26) 38 State (83) 8 15 Total deferred (478) (18) 53 Taxes on income $ 1,311 $ 2,205 $ 1,858 The temporary differences that created deferred tax assets and liabilities are detailed below: December 31, 2023 2022 Deferred tax assets: Net unrealized loss on available for sale securities $ 5,610 $ 7,159 Section 174 capitalization associated with internal-use software development 363 96 Employee compensation, severance, and benefits 272 251 Operating lease liabilities 216 242 Net operating loss carryforwards 8 9 Other 219 158 Total deferred tax assets 6,688 7,915 Valuation allowance (16) (9) Deferred tax assets — net of valuation allowance 6,672 7,906 Deferred tax liabilities: Amortization of acquired intangible assets (1,758) (1,837) Capitalized internal-use software development costs (200) (187) Operating lease ROU assets (156) (224) Equipment, office facilities, and property (109) (151) Other (149) (137) Total deferred tax liabilities (2,372) (2,536) Deferred tax assets (liabilities) — net (1) $ 4,300 $ 5,370 (1) Amounts are included in other assets on the consolidated balance sheet at December 31, 2023 and 2022. A reconciliation of the federal statutory income tax rate to the effective income tax rate is as follows: Year Ended December 31, 2023 2022 2021 Federal statutory income tax rate 21.0 % 21.0 % 21.0 % State income taxes, net of federal tax benefit 1.6 3.5 3.4 Research and development credits (1.2) — — Equity compensation benefit (0.5) (0.5) (1.2) Other (0.3) (0.5) 0.9 Effective income tax rate 20.6 % 23.5 % 24.1 % A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: December 31, 2023 2022 Balance at beginning of year $ 205 $ 271 Additions for tax positions related to the current year 46 36 Additions for tax positions related to prior years 177 12 Reductions for tax positions related to prior years (36) (59) Reductions due to lapse of statute of limitations (8) (13) Reductions for settlements with tax authorities (4) (42) Balance at end of year $ 380 $ 205 Unrecognized tax benefits totaled $380 million and $205 million as of December 31, 2023 and 2022, respectively, $315 million and $165 million of which if recognized, would affect the annual effective tax rate. Interest and penalties were accrued related to unrecognized tax benefits in tax expense. At December 31, 2023 and 2022, we had accrued approximately $72 million and $41 million, respectively, for the payment of interest and penalties.

Regulatory Requirements

Regulatory Requirements	12 Months Ended
	Dec. 31, 2023
Regulatory Capital Requirements Under Banking Regulations [Abstract]
Regulatory Requirements	Regulatory Requirements CSC is a savings and loan holding company and is subject to examination, supervision, and regulation by the Federal Reserve. CSB, CSC’s primary depository institution subsidiary, is a Texas-chartered state savings bank and is a member of the Federal Reserve system. CSB is subject to examination, supervision, and regulation by the Federal Reserve, the TDSML, the CFPB, and the FDIC as its deposit insurer. CSC is required to serve as a source of strength for our banking subsidiaries. CSB is subject to various requirements and restrictions under federal and state laws, including regulatory capital requirements and requirements that restrict and govern the terms of affiliate transactions, such as extensions of credit to, or asset purchases from CSC or its other subsidiaries by CSB. In addition, our banking subsidiaries are required to provide notice to, and are required to obtain approval from, the Federal Reserve and the banking subsidiaries’ state regulators in order to declare and pay dividends to CSC in excess of the amount of recent net income and retained earnings. The federal banking agencies have broad powers to enforce regulations, including the power to terminate deposit insurance, impose substantial fines and other civil and criminal penalties, and appoint a conservator or receiver. Under the prompt corrective action provisions of the Federal Deposit Insurance Act, CSB could be subject to restrictive actions if it were to fall within one of the lowest three of five capital categories. CSC and CSB are required to maintain minimum capital levels as specified in federal banking regulations. Failure to meet the minimum levels could result in certain mandatory, and possibly additional discretionary actions by the regulators that, if undertaken, could have a direct material effect on CSC and CSB. At December 31, 2023, both CSC and CSB met all of their respective capital requirements. The regulatory capital and ratios for CSC (consolidated) and CSB are as follows: Actual Minimum to be Minimum Capital December 31, 2023 Amount Ratio Amount Ratio Amount Ratio (1) CSC Common Equity Tier 1 Risk-Based Capital $ 31,411 24.5 % N/A $ 5,770 4.5 % Tier 1 Risk-Based Capital 40,602 31.7 % N/A 7,694 6.0 % Total Risk-Based Capital 40,645 31.7 % N/A 10,258 8.0 % Tier 1 Leverage 40,602 8.5 % N/A 19,043 4.0 % Supplementary Leverage Ratio 40,602 8.5 % N/A 14,379 3.0 % CSB Common Equity Tier 1 Risk-Based Capital $ 31,777 37.9 % $ 5,448 6.5 % $ 3,771 4.5 % Tier 1 Risk-Based Capital 31,777 37.9 % 6,705 8.0 % 5,029 6.0 % Total Risk-Based Capital 31,816 38.0 % 8,381 10.0 % 6,705 8.0 % Tier 1 Leverage 31,777 10.1 % 15,793 5.0 % 12,634 4.0 % Supplementary Leverage Ratio 31,777 10.0 % N/A 9,540 3.0 % December 31, 2022 CSC Common Equity Tier 1 Risk-Based Capital $ 30,590 21.9 % N/A $ 6,258 4.5 % Tier 1 Risk-Based Capital 40,296 28.9 % N/A 8,379 6.0 % Total Risk-Based Capital 40,376 28.9 % N/A 11,173 8.0 % Tier 1 Leverage 40,296 7.2 % N/A 22,512 4.0 % Supplementary Leverage Ratio 40,296 7.1 % N/A 17,004 3.0 % CSB Common Equity Tier 1 Risk-Based Capital $ 27,296 27.4 % $ 6,476 6.5 % $ 4,483 4.5 % Tier 1 Risk-Based Capital 27,296 27.4 % 7,970 8.0 % 5,978 6.0 % Total Risk-Based Capital 27,370 27.5 % 9,963 10.0 % 7,970 8.0 % Tier 1 Leverage 27,296 7.3 % 18,640 5.0 % 14,912 4.0 % Supplementary Leverage Ratio 27,296 7.3 % N/A 11,275 3.0 % (1) Under risk-based capital rules, CSC and CSB are also required to maintain additional capital buffers above the regulatory minimum risk-based capital ratios. As of December 31, 2023, CSC was subject to a stress capital buffer of 2.5%. In addition, CSB is required to maintain a capital conservation buffer of 2.5%. CSC and CSB are also required to maintain a countercyclical capital buffer above the regulatory minimum risk-based capital ratios, which was zero for both periods presented. If a buffer falls below the minimum requirement, CSC and CSB would be subject to increasingly strict limits on capital distributions and discretionary bonus payments to executive officers. At December 31, 2023, the minimum capital ratio requirements for both CSC and CSB, inclusive of their respective buffers, were 7.0%, 8.5%, and 10.5% for Common Equity Tier 1 Risk-Based Capital, Tier 1 Risk-Based Capital, and Total Risk-Based Capital, respectively. N/A Not applicable. Based on its regulatory capital ratios at December 31, 2023 and 2022, CSB is considered well capitalized (the highest category) under its respective regulatory capital rules. There are no conditions or events since December 31, 2023 that management believes have changed CSB’s capital category. CSC’s other banking subsidiaries are Charles Schwab Premier Bank, SSB (CSPB) and Charles Schwab Trust Bank (Trust Bank). CSPB is a Texas-chartered state savings bank that provides banking and custody services, and Trust Bank is a Nevada-state chartered savings bank that provides trust and custody services. At December 31, 2023 and 2022, the balance sheets of CSPB and Trust Bank primarily consisted of investment securities. At December 31, 2023 and 2022, CSPB held total assets of $27.7 billion and $31.5 billion, respectively, and Trust Bank held total assets of $10.2 billion and $13.0 billion, respectively. Based on their regulatory capital ratios at December 31, 2023 and 2022, CSPB and Trust Bank are considered well capitalized under their respective regulatory capital rules. As securities broker-dealers, CS&Co, TDAC, and TD Ameritrade, Inc. are subject to the SEC’s Uniform Net Capital Rule. CS&Co, TDAC, and TD Ameritrade, Inc. each compute net capital under the alternative method permitted by the Uniform Net Capital Rule, which requires the maintenance of minimum net capital, as defined, of the greater of 2% of aggregate debit balances arising from client transactions or a minimum dollar requirement, which is based on the type of business conducted by the broker-dealer. Under the alternative method, a broker-dealer may not repay subordinated borrowings, pay cash dividends, or make any unsecured advances or loans if such payment would result in a net capital amount of less than 5% of aggregate debit balances or less than 120% of its minimum dollar requirement. Net capital and net capital requirements for CS&Co, TDAC, and TD Ameritrade, Inc., are as follows: December 31, 2023 2022 CS&Co Net capital $ 5,629 $ 5,386 Minimum dollar requirement 0.250 0.250 2% of aggregate debit balances 1,069 778 Net capital in excess of required net capital $ 4,560 $ 4,608 TDAC Net capital $ 3,634 $ 5,291 Minimum dollar requirement 1.500 1.500 2% of aggregate debit balances 440 626 Net capital in excess of required net capital $ 3,194 $ 4,665 TD Ameritrade, Inc. Net capital $ 444 $ 806 Minimum dollar requirement 0.250 0.250 2% of aggregate debit balances — — Net capital in excess of required net capital $ 444 $ 806 Pursuant to the SEC’s Customer Protection Rule and other applicable regulations, Schwab had cash and investments segregated for the exclusive benefit of clients at December 31, 2023. The SEC’s Customer Protection Rule requires broker-dealers to segregate client fully-paid securities and cash balances not collateralizing margin positions and not swept to money market funds or bank deposit accounts. Amounts included in cash and investments segregated and on deposit for regulatory purposes represent actual balances on deposit, whereas cash and investments required to be segregated and on deposit for regulatory purposes at December 31, 2023 for CS&Co totaled $24.1 billion and for TDAC totaled $9.7 billion. As of January 3, 2024, CS&Co had deposited $3.2 billion of cash into its segregated reserve accounts. As of January 2, 2024, TDAC had deposited $767 million of cash into its segregated reserve accounts. Cash and investments required to be segregated and on deposit for regulatory purposes at December 31, 2022 for CS&Co totaled $22.7 billion and for TDAC totaled $19.9 billion. Cash and cash equivalents included in cash and investments segregated and on deposit for regulatory purposes are presented as part of Schwab’s cash balances in the consolidated statements of cash flows.

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2023
Segment Reporting [Abstract]
Segment Information	Segment Information Schwab’s two reportable segments are Investor Services and Advisor Services. Schwab structures the operating segments according to its clients and the services provided to those clients. The Investor Services segment provides retail brokerage, investment advisory, and banking and trust services to individual investors, and retirement plan services, as well as other corporate brokerage services, to businesses and their employees. The Advisor Services segment provides custodial, trading, banking and trust, and support services, as well as retirement business services, to independent RIAs, independent retirement advisors, and recordkeepers. Revenues and expenses are attributed to the two segments based on which segment services the client. The accounting policies of the segments are the same as those described in Note 2. For the computation of its segment information, Schwab utilizes an activity-based costing model to allocate traditional income statement line item expenses (e.g., compensation and benefits, depreciation and amortization, and professional services) to the business activities driving segment expenses (e.g., client service, opening new accounts, or business development) and a funds transfer pricing methodology to allocate certain revenues. Management evaluates the performance of the segments on a pre-tax basis. Segment assets and liabilities are not used for evaluating segment performance or in deciding how to allocate resources to segments. There are no revenues from transactions between the segments. Financial information for the segments is presented in the following table: Investor Services Advisor Services Total Year Ended December 31, 2023 2022 2021 2023 2022 2021 2023 2022 2021 Net Revenues Net interest revenue $ 7,095 $ 7,819 $ 6,052 $ 2,332 $ 2,863 $ 1,978 $ 9,427 $ 10,682 $ 8,030 Asset management and administration fees 3,398 3,049 3,130 1,358 1,167 1,144 4,756 4,216 4,274 Trading revenue 2,806 3,181 3,753 424 492 399 3,230 3,673 4,152 Bank deposit account fees 524 916 964 181 493 351 705 1,409 1,315 Other 582 605 562 137 177 187 719 782 749 Total net revenues 14,405 15,570 14,461 4,432 5,192 4,059 18,837 20,762 18,520 Expenses Excluding Interest 9,217 8,514 8,289 3,242 2,860 2,518 12,459 11,374 10,807 Income before taxes on income $ 5,188 $ 7,056 $ 6,172 $ 1,190 $ 2,332 $ 1,541 $ 6,378 $ 9,388 $ 7,713 Capital expenditures $ 586 $ 702 $ 771 $ 218 $ 250 $ 270 $ 804 $ 952 $ 1,041 Depreciation and amortization $ 595 $ 471 $ 399 $ 209 $ 181 $ 150 $ 804 $ 652 $ 549 Amortization of acquired intangible assets $ 441 $ 479 $ 499 $ 93 $ 117 $ 116 $ 534 $ 596 $ 615

Earnings Per Common Share

Earnings Per Common Share	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
Earnings Per Common Share	Earnings Per Common Share EPS is computed using the two-class method. Preferred stock dividends, and undistributed earnings and dividends allocated to participating securities are subtracted from net income in determining net income available to common stockholders. Basic EPS is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding during the period. Diluted EPS is calculated similar to basic EPS except that the numerator and denominator are adjusted as necessary for any effects of dilutive potential common shares, which include, if dilutive, outstanding stock options and non-vested restricted stock units. For the years ended December 31, 2023, 2022, and 2021, the Company had voting and nonvoting common stock outstanding. Since the rights of the voting and nonvoting common stock are identical, except with respect to voting, the net income of the Company has been allocated on a proportionate basis to the two classes. Diluted earnings per share is calculated using the treasury stock method for outstanding stock options and non-vested restricted stock units and the if-converted method for nonvoting common stock. The if-converted method assumes conversion of all nonvoting common stock to common stock. EPS under the basic and diluted computations for both common stock and nonvoting common stock are as follows: Year Ended December 31, 2023 2022 2021 Common Stock Nonvoting Common Stock Common Stock Nonvoting Common Stock Common Stock Nonvoting Common Stock Basic earnings per share: Numerator Net income $ 4,925 $ 142 $ 6,926 $ 257 $ 5,610 $ 245 Preferred stock dividends and other (1) (406) (12) (528) (20) (474) (21) Net income available to common stockholders $ 4,519 $ 130 $ 6,398 $ 237 $ 5,136 $ 224 Denominator Weighted-average common shares outstanding — basic 1,773 51 1,818 67 1,808 79 Basic earnings per share $ 2.55 $ 2.55 $ 3.52 $ 3.52 $ 2.84 $ 2.84 Diluted earnings per share: Numerator Net income available to common stockholders $ 4,519 $ 130 $ 6,398 $ 237 $ 5,136 $ 224 Reallocation of net income available to common 130 — 237 — 224 — Allocation of net income available to common $ 4,649 $ 130 $ 6,635 $ 237 $ 5,360 $ 224 Denominator Weighted-average common shares outstanding — basic 1,773 51 1,818 67 1,808 79 Conversion of nonvoting shares to voting shares 51 — 67 — 79 — Common stock equivalent shares related to stock incentive 7 — 9 — 10 — Weighted-average common shares outstanding — diluted (2) 1,831 51 1,894 67 1,897 79 Diluted earnings per share $ 2.54 $ 2.54 $ 3.50 $ 3.50 $ 2.83 $ 2.83 (1) Includes preferred stock dividends and undistributed earnings and dividends allocated to non-vested restricted stock units. (2) Antidilutive stock options and restricted stock units excluded from the calculation of diluted EPS totaled 19 million, 15 million, and 16 million in 2023, 2022, and 2021, respectively.

The Charles Schwab Corporation

The Charles Schwab Corporation - Parent Company Only Financial Statements	12 Months Ended
	Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract]
The Charles Schwab Corporation - Parent Company Only Financial Statements	Condensed Statements of Income Year Ended December 31, 2023 2022 2021 Interest revenue $ 545 $ 183 $ 11 Interest expense (717) (501) (355) Net interest expense (172) (318) (344) Other revenue — (2) (2) Expenses Excluding Interest: Professional services (21) (16) (17) Regulatory fees and assessments (16) (21) (20) Compensation and benefits (8) (73) (87) Other expenses excluding interest (112) (108) (18) Loss before income tax benefit and equity in net income of subsidiaries (329) (538) (488) Income tax benefit (expense) 60 32 32 Loss before equity in net income of subsidiaries (269) (506) (456) Equity in net income of subsidiaries: Equity in undistributed net income (distributions in excess of net income) of subsidiaries 1,318 (2,432) 3,361 Dividends from bank subsidiaries — 6,670 — Dividends from non-bank subsidiaries 4,018 3,451 2,950 Net Income 5,067 7,183 5,855 Preferred stock dividends and other (1) 418 548 495 Net Income Available to Common Stockholders $ 4,649 $ 6,635 $ 5,360 (1) Includes preferred stock dividends and undistributed earnings and dividends allocated to non-vested restricted stock units. Condensed Balance Sheets December 31, 2023 2022 Assets Cash and cash equivalents $ 11,326 $ 8,800 Receivables from subsidiaries 1,193 1,266 Available for sale securities 1,979 4,112 Loans to non-bank subsidiaries 613 — Investment in non-bank subsidiaries 33,485 35,025 Investment in bank subsidiaries 18,324 8,245 Other assets 653 581 Total assets $ 67,573 $ 58,029 Liabilities and Stockholders’ Equity Accrued expenses and other liabilities $ 727 $ 584 Payables to subsidiaries 66 54 Short-term borrowings — 248 Long-term debt 25,822 20,535 Total liabilities 26,615 21,421 Stockholders’ equity 40,958 36,608 Total liabilities and stockholders’ equity $ 67,573 $ 58,029 Condensed Statements of Cash Flows Year Ended December 31, 2023 2022 2021 Cash Flows from Operating Activities Net income $ 5,067 $ 7,183 $ 5,855 Adjustments to reconcile net income to net cash provided by (used for) operating activities: Dividends in excess of (equity in undistributed) earnings of subsidiaries (1,318) 2,432 (3,361) Other (35) 53 21 Net change in: Other assets (106) (230) 76 Accrued expenses and other liabilities 77 (5) 112 Net cash provided by (used for) operating activities 3,685 9,433 2,703 Cash Flows from Investing Activities Due from (to) subsidiaries — net (174) 333 211 Increase in investments in subsidiaries (2,720) (2,139) (10,926) Purchases of available for sale securities (1,486) (5,699) (8,002) Proceeds from sales of available for sale securities — 2 2 Principal payments on available for sale securities 3,721 5,803 8,754 Other investing activities (7) (25) — Net cash provided by (used for) investing activities (666) (1,725) (9,961) Cash Flows from Financing Activities Proceeds from short-term borrowings 344 1,895 8,253 Repayments of short-term borrowings (598) (4,656) (5,250) Issuances of long-term debt 6,097 2,971 7,036 Repayments of long-term debt (800) (256) (1,200) Repurchases of common stock and nonvoting common stock (2,842) (3,395) — Issuance of preferred stock, net — 740 2,806 Redemption and repurchase of preferred stock (467) (1,000) (600) Dividends paid (2,276) (2,110) (1,822) Proceeds from stock options exercised 49 64 220 Net cash provided by (used for) financing activities (493) (5,747) 9,443 Increase (Decrease) in Cash and Cash Equivalents 2,526 1,961 2,185 Cash and Cash Equivalents at Beginning of Year 8,800 6,839 4,654 Cash and Cash Equivalents at End of Year $ 11,326 $ 8,800 $ 6,839 Supplemental Cash Flow Information Non-cash investing and financing activity: Exchange of TDA Holding-issued senior notes for CSC-issued senior notes $ — $ — $ 1,987 Common stock repurchased during the period but settled after period end $ — $ 40 $ —

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Pay vs Performance Disclosure
Net income	[1]	$ 5,067	$ 7,183	$ 5,855
[1] Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information.

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	12 Months Ended
	Dec. 31, 2023 shares	Dec. 31, 2023 shares
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		During the three months ended December 31, 2023, certain of our directors and officers adopted or terminated trading arrangements for the sale of shares of our common stock as follows: Plans Action Date Rule 10b5-1 (1) Non-Rule 10b5-1 (2) Number of Securities to Latest Expiration (3) Jonathan M. Craig, Managing Director and Head of Investor Adoption 10/27/2023 x — 4,977 (4) 10/15/2024 Carrie Schwab-Pomerantz, Director Adoption 11/10/2023 x — 99,000 (5) 12/31/2024 Nigel Murtagh, Managing Director and Chief Risk Officer Adoption 11/24/2023 x — 12,948 (4) 10/18/2024 (1) Intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). (2) Not intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). (3) Plans expire at close of trading on the dates presented or such earlier date upon the completion of all trades under the plan (or the expiration of the orders relating to such trades without execution). (4) Securities to be sold under the plan represent shares to be acquired upon the exercise of stock options. In addition to these shares, the trading arrangement allows for the sale of the net after-tax shares of common stock to be received by the officer upon the March 1, 2024 vesting of performance-based restricted stock units. The actual number of shares that will be released to the officer in connection with the performance-based restricted stock units and sold under the trading arrangement will be net of the number of shares withheld to satisfy tax withholding obligations arising from the vesting of such shares and is not yet determinable. (5) Includes 39,600 shares to be sold by a trust for which the director’s spouse is a trustee.
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Jonathan M. Craig [Member]
Trading Arrangements, by Individual
Name	Jonathan M. Craig
Title	Managing Director and Head of Investor Services and Marketing
Rule 10b5-1 Arrangement Adopted	true
Non-Rule 10b5-1 Arrangement Adopted	false
Adoption Date	10/27/2023
Arrangement Duration	354 days
Aggregate Available	4,977	4,977
Carrie Schwab-Pomerantz [Member]
Trading Arrangements, by Individual
Name	Carrie Schwab-Pomerantz
Title	Director
Rule 10b5-1 Arrangement Adopted	true
Non-Rule 10b5-1 Arrangement Adopted	false
Adoption Date	11/10/2023
Arrangement Duration	417 days
Nigel Murtagh [Member]
Trading Arrangements, by Individual
Name	Nigel Murtagh
Title	Managing Director and Chief Risk Officer
Rule 10b5-1 Arrangement Adopted	true
Non-Rule 10b5-1 Arrangement Adopted	false
Adoption Date	11/24/2023
Arrangement Duration	329 days
Aggregate Available	12,948	12,948
Carrie Schwab-Pomerantz Trading Arrangement, Total Shares [Member] | Carrie Schwab-Pomerantz [Member]
Trading Arrangements, by Individual
Aggregate Available	99,000	99,000
Carrie Schwab-Pomerantz Trading Arrangement, Shares To Be Sold By Related Party Trust [Member] | Carrie Schwab-Pomerantz [Member]
Trading Arrangements, by Individual
Aggregate Available	39,600	39,600

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policy)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Basis of Accounting	The accompanying consolidated financial statements include CSC and its subsidiaries. Intercompany balances and transactions have been eliminated. These consolidated financial statements have been prepared in conformity with GAAP, which require management to make certain estimates and assumptions that affect the reported amounts in the accompanying financial statements and in the related disclosures. These estimates are based on information available as of the date of the consolidated financial statements. While management makes its best judgment, actual amounts or results could differ from these estimates. Certain estimates relate to taxes on income and legal and regulatory reserves.
Reclassifications	Reclassifications: Certain prior period amounts have been reclassified to conform to the current period presentation. Beginning in 2023, Federal Home Loan Bank borrowings are presented separately from other short-term borrowings in the consolidated balance sheets. Prior period amounts have been reclassified to reflect these changes. Corresponding presentation changes have been made to the consolidated statements of cash flows and related notes also impacted.
Principles of Consolidation	Principles of Consolidation Schwab evaluates all entities in which it has financial interests for consolidation, except for money market funds, which are specifically excluded from consolidation guidance. When an entity is evaluated for consolidation, Schwab determines whether its interest in the entity constitutes a controlling financial interest under either the variable interest entity (VIE) model or the voting interest entity (VOE) model. In evaluating whether Schwab’s interest in a VIE is a controlling financial interest, we consider whether our involvement in the context of the design, purpose, and risks of the VIE, as well as any involvement of related parties, provides us with (i) the power to direct the most significant activities of the VIE, and (ii) the obligation to absorb losses or receive benefits that are significant to the VIE. If both of these conditions exist, then Schwab would be the primary beneficiary of that VIE and consolidate it. Based upon the assessments for all of our interests in VIEs, there are no cases where the Company is the primary beneficiary; therefore, we are not required to consolidate any VIEs. See Note 10 for further information about VIEs. Schwab consolidates all VOEs in which it has majority-voting interests. Investments in entities in which Schwab does not have a controlling financial interest are accounted for under the equity method of accounting when we have the ability to exercise significant influence over operating and financing decisions of the entity or by accounting policy for investments in certain types of limited liability entities. Investments in entities for which Schwab does not apply the equity method are generally carried at cost and adjusted for impairment and observable price changes of the identical or similar investments of the same issuer (adjusted cost method), except for certain investments in qualified affordable housing projects which are accounted for under the proportional amortization method. All equity method, adjusted cost method, and proportional amortization method investments are included in other assets on the consolidated balance sheets.
Revenue recognition	Revenue recognition Net interest revenue Net interest revenue is not within the scope of Accounting Standards Codification (ASC) 606 Revenue From Contracts With Customers (ASC 606), because it is generated from financial instruments covered by various other areas of GAAP. Net interest revenue is the difference between interest generated on interest-earning assets and interest paid on funding sources. Our primary interest-earning assets include cash and cash equivalents; segregated cash and investments; margin loans; investment securities; and bank loans. Fees earned and incurred on securities borrowing and lending activities, which are conducted by the Company’s broker-dealer subsidiaries on assets held in client brokerage accounts, are also included in interest revenue and expense. Asset management and administration fees The majority of asset management and administration fees are generated through our proprietary and third-party mutual fund and ETF offerings, as well as fee-based advisory solutions. Mutual fund and ETF service fees are charged for investment management, shareholder, and administration services provided to Schwab Funds ® and Schwab ETFs ™ , as well as recordkeeping, shareholder, and administration services provided to third-party funds. Advice solutions fees are charged for brokerage and asset management services provided to advice solutions clients. Both mutual fund and ETF service fees and advice solutions fees are earned and recognized over time. Fees are generally based on a percentage of the daily value of assets under management and are collected on a monthly or quarterly basis. Trading revenue Trading revenue is primarily generated through commissions earned for executing trades for clients in individual equities, options, fixed income securities, and certain third-party mutual funds and ETFs, as well as order flow revenue. Commissions revenue is earned when the trades are executed and collected when the trades are settled. Order flow revenue is comprised of payments received from trade execution venues to which our broker-dealer subsidiaries send equity and option orders. Order flow revenue is recognized when the trades are executed and is collected on a monthly or quarterly basis. Bank deposit account fees Bank deposit account fees consist of revenues resulting from sweep programs offered to certain clients whereby uninvested client cash is swept off-balance sheet to FDIC-insured (up to specified limits) accounts at the TD Depository Institutions. The Company provides marketing, recordkeeping, and support services related to these sweep programs to the TD Depository Institutions in exchange for bank deposit account fees. These revenues are based on floating and fixed yields as elected by the Company subject to certain requirements, less interest paid to clients and other applicable fees. Bank deposit account fees are earned and recognized over time and collected on a monthly basis. Other revenue Other revenue includes exchange processing fees, service fees, and other gains and losses from the sale of assets. Generally, the most significant portion of other revenue is exchange processing fees, which are comprised of fees the Company’s broker-dealer subsidiaries charge clients to offset the exchange processing fees imposed on us by third-parties. Exchange processing fees are earned and collected when the trade is executed and are recognized gross of amounts remitted to the third-parties, which are included in other expenses. Unsatisfied performance obligations
Cash and cash equivalents	Cash and cash equivalents Schwab considers all highly liquid investments that mature in three months or less from the time of acquisition and that are not segregated and on deposit for regulatory purposes to be cash and cash equivalents. Cash and cash equivalents include money market funds, deposits with banks, certificates of deposit, commercial paper, and U.S. Treasury securities. Cash and cash equivalents also include balances that our banking subsidiaries maintain at the Federal Reserve.
Credit loss, financial instrument	Cash and investments segregated and on deposit for regulatory purposes Pursuant to the Customer Protection Rule and other applicable regulations, Schwab maintains cash or qualified securities in segregated reserve accounts for the exclusive benefit of clients. Cash and investments segregated and on deposit for regulatory purposes include resale agreements, certificates of deposit, and U.S. Government securities. See Resale and repurchase agreements below in this Note 2 for further information on the resale agreements. Certificates of deposit and U.S. Government securities are recorded at fair value and unrealized gains and losses are included in earnings. Receivables from brokerage clients Receivables from brokerage clients include margin loans and other trading receivables from brokerage clients. Margin loans are collateralized by client securities and are carried at the amount receivable, net of an allowance for credit losses. Collateral is required to be maintained at specified minimum levels at all times. The Company monitors margin levels and requires clients to provide additional collateral, or reduce margin positions, to meet minimum collateral requirements if the fair value of the collateral changes. Schwab applies the practical expedient based on collateral maintenance provisions under ASC 326 Financial Instruments – Credit Losses (ASC 326), in estimating an allowance for credit losses for margin loans. This practical expedient can be applied for financial assets with collateral maintenance provisions requiring the borrower to continually adjust the amount of the collateral securing the financial assets as a result of fair value changes in the collateral. In accordance with the practical expedient, when the Company reasonably expects that borrowers (or counterparties, as applicable) will replenish the collateral as required, there is no expectation of credit losses when the collateral’s fair value is greater than the amortized cost of the financial asset. If the amortized cost exceeds the fair value of collateral, then credit losses are estimated only on the unsecured portion. An allowance for credit losses on unsecured or partially secured receivables from brokerage clients is estimated based on the aging of those receivables. Unsecured balances due to confirmed fraud are reserved immediately. The Company’s policy is to charge off any unsecured margin loans, including the accrued interest on such loans, no later than at 90 days past due. Accrued interest charged off is recognized as credit loss expense and is included in other expenses in the consolidated statements of income. Clients with margin loans have agreed to allow Schwab to pledge collateralized securities in accordance with federal regulations. The collateral is not reflected in the consolidated financial statements. Other securities owned and securities sold but not yet purchased Other securities owned and securities sold but not yet purchased are included in other assets and accrued expenses and other liabilities, respectively, on the consolidated balance sheets and recorded at fair value based on quoted market prices or other observable market data. Unrealized gains and losses are included in earnings. Client-held fractional shares are included in other securities owned for client positions where off-balance sheet treatment pursuant to ASC 940 Financial Services – Brokers and Dealers is not applicable and the derecognition criteria in ASC 860 Transfers and Servicing, are not met. These client-held fractional shares have related repurchase liabilities that are accounted for at fair value with unrealized gains and losses included in earnings. See Fair values of assets and liabilities below in this Note 2 for further information on these repurchase liabilities. Investment securities AFS investment securities are recorded at fair value and unrealized gains and losses, other than losses related to credit factors, are reported, net of taxes, in AOCI included in stockholders’ equity. HTM investment securities are recorded at amortized cost, net of any allowance for credit losses, based on the Company’s positive intent and ability to hold these securities to maturity. Realized gains and losses from sales of AFS investment securities are determined using the specific-identification method and are included in other revenue. Interest income on investment securities is recognized using the effective interest method based on the contractual terms of the security. Where applicable, prepayments are accounted for as they occur (i.e., prepayments are not estimated). Accrued interest receivable for AFS and HTM investment securities is included in other assets in the Company’s consolidated balance sheets. An AFS investment security is impaired if the fair value of the security is less than its amortized cost basis. Management evaluates AFS investment securities with unrealized losses to determine whether the security’s impairment has resulted from a credit loss or other factors. This evaluation is performed quarterly on an individual security basis. The evaluation of whether the AFS security impairment has resulted from a credit loss is inherently judgmental. This evaluation considers multiple factors including: the financial condition of the issuer; the payment structure of the security; external credit ratings; our internal credit ratings; the security’s market implied credit spread; for asset-backed securities, the amount of credit support provided by the structure of the security to absorb credit losses on the underlying collateral; recent events specific to the issuer and the issuer’s industry; and whether all scheduled principal and interest payments have been received. If management determines that the impairment of an AFS investment security (or a portion of the impairment) is related to credit losses, an allowance for credit losses is recorded for that security through a charge to earnings. The allowance for credit losses on AFS investment securities is measured as the difference between the amortized cost and the present value of expected cash flows and is limited to the difference between amortized cost and the fair value of the security. The Company estimates credit losses on a discounted cash flow basis using the security’s effective interest rate. If it is determined that the Company intends to sell the impaired security or if it is more likely than not that the Company will be required to sell the security before any anticipated recovery of the amortized cost basis, any allowance for credit losses of that security will be written off and the amortized cost basis of the security will be written down to fair value with any incremental impairment recorded through earnings. The Company separately evaluates its HTM investment securities for any expected credit losses. If HTM investment securities share risk characteristics, management evaluates those securities on a collective basis. An allowance for credit losses is recorded through a charge to earnings based on an estimate of current expected credit losses over the remaining expected lives of the HTM investment securities. Management reviews the allowance for credit losses quarterly, taking into consideration current conditions, reasonable and supportable forecasts, past events, and historical experience that affect the expected collectability of the reported amounts. For the purposes of identifying and measuring impairment of AFS investment securities and for the purposes of estimating the allowance for credit losses on all investment securities, the Company excludes accrued interest from the amortized cost basis and when applicable, the fair value, of investment securities. Changes in the allowance for credit losses on investment securities are recorded through earnings in the period of the change. For some of the AFS and HTM investment securities the Company has an expectation that nonpayment of the amortized cost basis is zero based on a long history with no credit losses and considering current conditions and reasonable and supportable forecasts. This applies to a limited set of securities that are guaranteed by the U.S. Treasury, U.S. government agencies, and sovereign entities of high credit quality. The expectation that nonpayment of the amortized cost basis is zero is continually reevaluated. AFS and HTM investment securities are placed on nonaccrual status on a timely basis and any accrued interest receivable is reversed through interest income. Resale and repurchase agreements Resale and repurchase agreements are accounted for as collateralized financing transactions with a receivable or payable recorded at their contractual amounts plus accrued interest. Schwab’s resale agreements are typically collateralized by U.S. Government and agency securities and the receivable is included in cash and investments segregated and on deposit for regulatory purposes in the consolidated balance sheets. Securities received under resale agreements are not recorded on the consolidated balance sheets. Securities transferred to counterparties under repurchase agreements continue to be recognized on the Company’s consolidated balance sheets in the respective financial statement line item and at the respective measurement basis. Payables for repurchase agreements are included in short-term borrowings on the consolidated balance sheets. The Company monitors its collateral requirements under these agreements daily and collateral is adjusted to ensure full collateralization. Interest received or paid is recorded in interest revenue or interest expense, respectively. Schwab applies the practical expedient based on collateral maintenance provisions in estimating an allowance for credit losses for resale agreements. Securities borrowed and securities loaned Securities borrowing and lending transactions are accounted for as collateralized financing transactions. Securities borrowed transactions require Schwab to deliver cash to the lender in exchange for securities; the receivables from these transactions are included in other assets on the consolidated balance sheets. For securities loaned, Schwab receives collateral in the form of cash in an amount equal to or greater than the market value of securities loaned; the payables from these transactions are included in accrued expenses and other liabilities on the consolidated balance sheets. The market value of securities borrowed and loaned is monitored and collateral is adjusted to ensure full collateralization. Fees received or paid are recorded in interest revenue or interest expense. Schwab applies the practical expedient based on collateral maintenance provisions in estimating an allowance for credit losses for securities borrowed receivables. Bank loans and related allowance for loan losses Bank loans held for investments are recorded at amortized cost, which is comprised of the contractual principal amounts adjusted for unamortized direct origination costs or net purchase discounts or premiums. Direct origination costs and premiums and discounts are recognized in interest revenue using the effective interest method over the contractual life of the loan and are adjusted for actual prepayments. Additionally, management estimates an allowance for credit losses, which is deducted from the amortized cost basis of loans to arrive at the amount expected to be collected. The bank loan portfolio includes three portfolio segments: residential real estate, PALs, and other loans. We use these segments when developing and documenting our methodology for determining the allowance for credit losses. The residential real estate portfolio segment is divided into two classes of financing receivables for purposes of monitoring and assessing credit risk: First Mortgages and HELOCs. Schwab records an allowance for credit losses through a charge to earnings based on our estimate of current expected credit losses for the existing portfolio. We review the allowance for credit losses quarterly, taking into consideration current economic conditions, reasonable and supportable forecasts, the composition of the existing loan portfolio, past loss experience, and any other risks inherent in the portfolio to ensure that the allowance for credit losses is maintained at an appropriate level. PALs are collateralized by marketable securities with liquid markets. Credit lines are over-collateralized and borrowers are required to maintain collateral at specified levels at all times. The required collateral levels are determined based on the type of security pledged. Additionally, collateral market value is monitored on a daily basis and a borrower’s credit line may be reduced or collateral may be liquidated if the collateral is in danger of falling below specified levels. As such, the credit loss inherent within this portfolio is limited. Schwab applies the practical expedient based on collateral maintenance provisions in estimating an allowance for credit losses for PALs. The methodology to establish an allowance for credit losses for the residential real estate portfolio segment utilizes statistical models that estimate prepayments, defaults, and expected losses for this portfolio segment based on predicted behavior of individual loans within the segment. The methodology also evaluates concentrations in the classes of financing receivables, including loan products within those classes, year of origination, and geographical distribution of collateral. Expected credit losses are estimated using a loan-level model that projects each loan’s behavior over its term based on forecasted voluntary housing turnover, the rates of refinancing, delinquency transition rates, and severity of loss. The model takes into account the current relevant risk indicators, including each loan’s term and structure, current delinquency status, and the estimated current LTV ratio, as well as borrower FICO scores and current key interest rates including U.S. Treasury, SOFR, Prime, and mortgage rates. The more significant variables in the model include delinquency roll rates, housing prices, interest rates, and the unemployment rate. Delinquency roll rates (i.e., the rates at which loans transition through delinquency stages and ultimately result in a loss) are estimated from our historical loss experience over a full economic cycle. Loss severity (i.e., loss given default) estimates are based on forecasted net equity associated with each loan and property, as well as loss experience and market trends, both current and forecasted. Housing price trends are derived from historical home price indices and econometric forecasts of future home values. Factors affecting the home price index include housing inventory, unemployment, interest rates, and inflation expectations. Mortgage rates are estimated based on forecasted spread, while the rest of the interest rates used by the model are projected based on the forward rates. The unemployment rate forecast is typically based on the recent consensus of regularly published economic surveys. Linear interpolation is applied to revert to long-term trends after the reasonable and supportable forecast period. The methodology described above results in loss factors that are applied to the amortized cost basis of loans, exclusive of accrued interest receivable, to determine the allowance for credit losses for First Mortgages and HELOCs. Management also estimates a liability for expected credit losses on the Company’s commitments to extend credit related to unused HELOCs and commitments to purchase First Mortgages. See Note 14 for additional information on these commitments. The liability is calculated by applying the loss factors described above to the commitments expected to be funded and is included in accrued expenses and other liabilities on the consolidated balance sheets. The liability for expected credit losses on these commitments and related activity were immaterial for all periods presented. Nonaccrual, nonperforming and impaired loans First Mortgages, HELOCs, PALs, and other loans are placed on nonaccrual status upon becoming 90 days past due as to interest or principal (unless the loans are well-secured and in the process of collection), or when the full timely collection of interest or principal becomes uncertain, including loans to borrowers who have filed for bankruptcy. HELOC loans secured by a second lien are placed on non-accrual status if the associated first lien is 90 days or more delinquent, regardless of the payment status of the HELOC. When a loan is placed on nonaccrual status, the accrued and unpaid interest receivable is reversed and the loan is accounted for on the cash or cost recovery method until qualifying for return to accrual status. Generally, a nonaccrual loan may be returned to accrual status when all delinquent interest and principal is repaid and the borrower demonstrates a sustained period of performance, or when the loan is both well-secured and in the process of collection and collectability is no longer doubtful. Loans on nonaccrual status and other real estate owned are considered nonperforming assets. Loan charge-offs The Company charges off a loan in the period that it is deemed uncollectible and records a reduction in the allowance for credit losses and the loan balance. Our charge-off policy for First Mortgage and HELOC loans is to assess the value of the property when the loan has been delinquent for 180 days or has been discharged in bankruptcy proceedings, regardless of whether the property is in foreclosure, and charge off the amount of the loan balance in excess of the estimated current value of the underlying property less estimated costs to sell. The Company’s policy for PALs is to charge off any unsecured balances no later than at 90 days past due.
Equipment, office facilities, and property	Equipment, office facilities, and property Equipment, office facilities, and property are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset group related to such assets may not be recoverable. Impairment charges are recorded in other expenses.
Goodwill	Goodwill Goodwill is not amortized but is tested for impairment annually or whenever indications of impairment exist. Impairment exists when the carrying amount of a reporting unit exceeds its estimated fair value, resulting in an impairment charge for this excess, with the maximum charge limited to the carrying value of goodwill allocated to that reporting unit. Our annual impairment testing date is April 1 st . Schwab can elect to qualitatively assess goodwill for impairment if it is more likely than not that the fair value of a reporting unit exceeds its carrying value. A qualitative assessment considers macroeconomic and other industry-specific factors, such as trends in short-term and long-term interest rates and the ability to access capital, and Company specific factors such as market capitalization in excess of net assets, trends in revenue generating activities, and merger or acquisition activity. If the Company elects to bypass qualitatively assessing goodwill, or it is not more likely than not that the fair value of a reporting unit exceeds its carrying value, management estimates the fair values of each of the Company’s reporting units (defined as the Company’s businesses for which financial information is available and reviewed regularly by management) and compares it to their carrying values. The estimated fair values of the reporting units are established using an income approach based on a discounted cash flow model that includes significant assumptions about the future operating results and cash flows of each reporting unit, a market approach which compares each reporting unit to comparable companies in their respective industries, as well as a market capitalization analysis.
Intangible assets	Intangible assets Finite-lived intangible assets are amortized over their useful lives in a manner that best reflects their economic benefit. All intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable.
Low-income housing tax credit (LIHTC) investments	Low-income housing tax credit (LIHTC) investments We account for investments in qualified affordable housing projects using the proportional amortization method if the applicable requirements are met. The proportional amortization method amortizes the cost of the investment over the period in which the investor expects to receive tax credits and other tax benefits, and the resulting amortization is recognized as a component of taxes on income. The carrying value of LIHTC investments is included in other assets on the consolidated balance sheets. Unfunded commitments related to LIHTC investments are included in accrued expenses and other liabilities on the consolidated balance sheets.
Leases	Leases Leases primarily consist of operating leases for corporate offices, branch locations, and server equipment. We determine if an arrangement is a lease at inception. Leases with an initial term of 12 months or less are not recorded on the balance sheet; we recognize lease expense for these leases on a straight-line basis over the lease term. The Company has also elected to not record leases acquired in a business combination on the balance sheet if the remaining term as of the acquisition date is 12 months or less. Right-of-use (ROU) assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. At the commencement date, we determine classification as either an operating lease or finance lease, and the ROU asset and lease liability are recognized based on the present value of lease payments over the lease term. The lease liability may include payments that depend on a rate or index (such as the Consumer Price Index), measured using the rate or index at the commencement date. Payments that vary because of changes in facts or circumstances occurring after the commencement date are considered variable. These payments are not recognized as part of the lease liability and are expensed in the period incurred. Lease expense for operating leases is recognized on a straight-line basis over the lease term. The amortization of finance lease ROU assets and the interest expense on finance lease liabilities are recognized over the lease term as depreciation and interest expense, respectively. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. We have lease agreements with lease and non-lease components. For the majority of our leases (real estate leases), the Company has elected the practical expedient to account for the lease and non-lease components as a single lease component. We have not elected the practical expedient for equipment leases and account for lease and non-lease components separately for that class of leases. As the rates implicit in our leases are not readily determinable, we use our incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. Our lease terms may include periods covered by options to extend when it is reasonably certain that we will exercise those options. The lease terms may also include periods covered by options to terminate when it is reasonably certain that we will not exercise that option. The ROU assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset group related to such assets may not be recoverable. Impairment charges are recorded in other expense. In certain situations, the Company may also abandon a lease prior to the end of its lease term. Once the Company has committed to a plan to abandon the lease, the amortization period of the ROU asset is shortened to the abandonment date.
Advertising and market development	Advertising and market development
Income taxes	Income taxes Schwab provides for income taxes on all transactions that have been recognized in the consolidated financial statements. Accordingly, deferred tax assets are adjusted to reflect the tax rates at which future taxable amounts will likely be settled or realized. The effects of tax rate changes on future deferred tax assets and deferred tax liabilities, as well as other changes in income tax laws, are recorded in earnings in the period such changes are enacted. Uncertain tax positions are evaluated to determine whether they are more likely than not to be sustained upon examination. When tax positions are more likely than not to be sustained upon examination the difference between positions taken on tax return filings and estimated potential tax settlement outcomes are recognized in accrued expenses and other liabilities. If a position is not more likely than not to be sustained, then none of the tax benefit is recognized in Schwab’s financial statements. Accrued interest and penalties relating to unrecognized tax benefits are recorded in taxes on income. Schwab records amounts within AOCI net of taxes. Income tax effects are released from AOCI using the specific-identification method.
Share-based compensation	Share-based compensation Share-based compensation includes employee and board of director stock options and restricted stock units. Schwab measures compensation expense for these share-based payment arrangements based on their estimated fair values as of the grant date. The grant date fair value is amortized to compensation expense on a straight-line basis over the requisite service period. Share-based compensation expense is based on options or units expected to vest and therefore is reduced for estimated forfeitures. Per the Company’s accounting policy election, forfeitures are estimated at the time of grant and reviewed annually based on the Company’s historical forfeiture experience. Share-based compensation expense is adjusted in subsequent periods if actual forfeitures differ from estimated forfeitures. For share-based payment awards with performance conditions, management assesses and estimates their expected level of achievement. Share-based compensation expense is recognized based on the level of achievement deemed probable and changes in the estimated outcome are reflected as a cumulative adjustment to expense in the period of the change in estimate. The excess tax benefits or deficiencies from the exercise of stock options and the vesting of restricted stock units are recorded in taxes on income.
Derivative instruments and hedging activities	Derivative instruments and hedging activities As discussed further in Note 16, beginning in 2023, the Company utilizes derivative instruments as part of its interest rate risk management. The Company records all derivatives on the balance sheet at fair value. Accounting for the changes in the fair values of derivatives depends on whether we qualify for and elect to apply hedge accounting and the type of hedging accounting relationship applied. Hedge accounting generally matches the timing of gain or loss recognition on the derivatives with the recognition of the changes in the fair values or cash flows attributable to the risk being hedged . Schwab’s policy is to designate all eligible derivatives in hedge accounting relationships. To qualify for hedge accounting, among other requirements, a derivative must be highly effective at reducing exposure to the hedged risk. The assessment of effectiveness is done for each hedging relationship at inception and on an ongoing basis. Depending on certain criteria, these assessments of effectiveness may be qualitative or quantitative. Schwab applies the “shortcut method” of hedge accounting for a portion of its fair value hedges, which assumes perfect effectiveness. Alternatively, when quantitative effectiveness assessments are required, the Company uses regression analysis, which is the method employed for the rest of our hedging relationships. For the Company’s fair value hedges of interest rate risk, the gain or loss on the derivatives and the changes in fair values of the hedged assets attributable to benchmark interest rates (basis adjustments) are both recorded in interest revenue on the consolidated statements of income. If the hedging relationship is terminated, any remaining basis adjustment is included in the amortized cost of the hedged asset and amortized to interest revenue over its remaining life as a yield adjustment using the effective interest method. The Company does not amortize basis adjustments prior to termination of the hedging relationship. Certain fair value hedges may be designated under the portfolio layer method (PLM) of hedge accounting, which allows the Company to hedge the interest rate risk of prepayable and non-prepayable financial assets by designating a stated amount of a closed portfolio that is expected to be outstanding for the designated hedge period (a hedged layer) as the hedged item. A PLM hedging relationship may include multiple hedged layers. If at any point during the hedge period the aggregate amount of the hedged layers exceeds the amount of the closed portfolio (i.e., a breach of the hedged layer(s) has occurred) or is expected to exceed the amount of the closed portfolio at a future date during the hedge period (i.e., a breach of the hedged layer is anticipated), the PLM hedging relationship must be fully or partially terminated to cure the breach or anticipated breach. Basis adjustments for active PLM hedges are maintained at the closed portfolio level and are only allocated to individual assets remaining in the closed portfolio when the hedging relationship is terminated, except for any portion of the basis adjustment related to a breach of the hedged layer(s) that has occurred, which is recognized in interest revenue immediately. Allocated PLM basis adjustments are included in the amortized cost of the hedged assets and amortized to interest revenue over their respective remaining lives as a yield adjustment using the effective interest method. For the Company’s cash flow hedges of interest rate risk, the gain or loss on the derivatives is recorded in AOCI and subsequently reclassified into interest revenue or interest expense, depending on where the hedged cash flows are recognized, on the consolidated statements of income when the hedged transactions affect earnings. Amounts reported in AOCI for cash flow hedges of interest rate risk on recognized financial assets and liabilities are reclassified into interest revenue or interest expense as interest payments are accrued or made. If the hedging relationship is terminated and transactions that were hedged are no longer probable of occurring, the gain or loss on the derivative recorded in AOCI prior to termination is reclassified into interest revenue or interest expense immediately. Otherwise, the derivative gain or loss in AOCI will continue to be reclassified into interest revenue or interest expense in the periods during which the previously hedged transactions affect earnings. Cash flows associated with derivative instruments are reflected as cash flows from operating activities in the statement of cash flows consistent with the treatment and nature of the items being hedged.
Fair values of assets and liabilities	Fair values of assets and liabilities Fair value is defined as the price that would be received to sell an asset or the price paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurement accounting guidance describes the fair value hierarchy for disclosing assets and liabilities measured at fair value based on the inputs used to value them. The fair value hierarchy maximizes the use of observable inputs and minimizes the use of unobservable inputs. Observable inputs are based on market pricing data obtained from third-party sources independent of the Company. A quoted price in an active market provides the most reliable evidence of fair value and is generally used to measure fair value whenever available. Unobservable inputs reflect management’s judgment about the assumptions market participants would use in pricing the asset or liability. Where inputs used to measure fair value of an asset or liability are from different levels of the hierarchy, the asset or liability is categorized based on the lowest level input that is significant to the fair value measurement in its entirety. Assessing the significance of a particular input requires judgment. The fair value hierarchy includes three levels based on the objectivity of the inputs as follows: • Level 1 inputs are quoted prices in active markets as of the measurement date for identical assets or liabilities that the Company has the ability to access. • Level 2 inputs are inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs include quoted prices for similar assets and liabilities in active markets, and inputs other than quoted prices that are observable for the asset or liability, such as interest rates, benchmark yields, issuer spreads, new issue data, and collateral performance. • Level 3 inputs are unobservable inputs for the asset or liability, and include situations where there is little, if any, market activity for the asset or liability. Assets and liabilities measured at fair value on a recurring basis Schwab’s assets and liabilities measured at fair value on a recurring basis include: certain cash equivalents, certain investments segregated and on deposit for regulatory purposes, AFS securities, certain other assets, interest rate swaps, and certain accrued expenses and other liabilities. The Company uses the market approach to determine the fair value of assets and liabilities. When available, the Company uses quoted prices in active markets to measure the fair value of assets and liabilities. Quoted prices for investments in exchange-traded securities represent end-of-day close prices published by exchanges. Quoted prices for money market funds and other mutual funds represent reported net asset values. When utilizing market data and bid-ask spread, the Company uses the price within the bid-ask spread that best represents fair value. When quoted prices in active markets do not exist, the Company uses prices obtained from independent third-party pricing services to measure the fair value of investment assets, and we generally obtain prices from three independent third-party pricing sources for such assets recorded at fair value. Our primary independent pricing service provides prices for our fixed income investments such as commercial paper; certificates of deposits; U.S. government and agency securities; state and municipal securities; corporate debt securities; asset-backed securities; foreign government agency securities; and non-agency commercial mortgage-backed securities. Such prices are based on observable trades, broker/dealer quotes, and discounted cash flows that incorporate observable information such as yields for similar types of securities (a benchmark interest rate plus observable spreads) and weighted-average maturity for the same or similar “to-be-issued” securities. We compare the prices obtained from the primary independent pricing service to the prices obtained from the additional independent pricing services to determine if the price obtained from the primary independent pricing service is reasonable. Schwab does not adjust the prices received from independent third-party pricing services unless such prices are inconsistent with the definition of fair value and result in material differences in the amounts recorded. Liabilities measured at fair value on a recurring basis include interest rate swaps, securities sold but not yet purchased, and repurchase liabilities related to client-held fractional shares of equities, ETFs, and other securities, which are included in other assets on the consolidated balance sheets (see Other securities owned and securities sold but not yet purchased above in this Note 2 for the treatment of client-held fractional shares). The fair values of securities sold but not yet purchased are based on quoted market prices or other observable market data. The Company has elected the fair value option pursuant to ASC 825 Financial Instruments for the repurchase liabilities to match the measurement and accounting of the related client-held fractional shares. The fair values of the repurchase liabilities are based on quoted market prices or other observable market data consistent with the related client-held fractional shares. Unrealized gains and losses on client-held fractional shares offset the unrealized gains and losses on the corresponding repurchase liabilities, resulting in no impact to the consolidated statements of income. The Company’s liabilities to repurchase client-held fractional shares do not have credit risk, and, as a result, the Company has not recognized any gains or losses in the consolidated statements of income or comprehensive income attributable to instrument-specific credit risk for these repurchase liabilities. The repurchase liabilities are included in accrued expenses and other liabilities on the consolidated balance sheet. The fair values of interest rate swaps are based on market observable interest rate yield curves. Fair value measurements are priced considering the coupon rate of the fixed leg of the contract and the variable coupon rate on the floating leg of the contract. Valuation is based on both spot and forward rates on the swap yield curve. The Company validates its valuations with counterparty quotations from central counterparty (CCP) clearing houses. See Note 16 for additional information on the Company’s interest rate swaps.
New Accounting Standards	New Accounting Standards Adoption of New Accounting Standards Standard Description Date of Adoption Effects on the Financial Statements or Other Significant Matters Accounting Standards Update (ASU) 2022-02, “Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures” Troubled Debt Restructurings (TDRs) Eliminates the accounting guidance for TDRs. Rather than applying the specific guidance for TDRs, creditors will apply the recognition and measurement guidance for loan refinancings and restructurings to determine whether a modification results in a new loan or a continuation of an existing loan. The guidance requires enhanced disclosures for certain loan refinancings and restructurings by creditors when a borrower is experiencing financial difficulty. Vintage Disclosures Requires that an entity disclose current-period gross writeoffs by year of origination for financing receivables and net investments in leases within the scope of Subtopic 326-20, Financial Instruments—Credit Losses—Measured at Amortized Cost. Adoption provides for prospective application, with an option to apply the modified retrospective transition method for the change in recognition and measurement of TDRs. January 1, 2023 The Company adopted this guidance prospectively on January 1, 2023. The adoption of this guidance did not have a material impact on the Company’s financial statements. New Accounting Standards Not Yet Adopted Standard Description Required Date of Adoption Effects on the Financial Statements or Other Significant Matters ASU 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures” Requires annual and interim disclosure of significant segment expenses that are provided to the chief operating decision maker (CODM) and included in segment profit or loss. Also requires disclosure of the CODM’s title and position and how the CODM uses reported segment profit or loss information in assessing segment performance and allocating resources. All currently required annual segment disclosures will be required for interim periods as well. Adoption requires retrospective application as of the earliest comparative period presented in the financial statements. Early adoption is permitted. January 1, 2024 (applies to the annual financial statements for 2024 and interim periods thereafter) The Company does not expect this guidance will have a material impact on its financial statements or disclosures. ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures” Expands income tax disclosures, primarily by enhancing the rate reconciliation table and requiring additional disaggregated information about income taxes paid. Adoption allows retrospective or prospective application, with early adoption permitted. January 1, 2025 The Company does not expect this guidance will have a material impact on its financial statements or disclosures.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Estimated Useful Lives	Estimated useful lives are as follows: All equipment types and furniture 3 to 10 years Buildings 40 years Building and land improvements 20 years Software 3 to 10 years (1) Leasehold improvements Lesser of useful life or lease term (1) Amortized over contractual term if shorter than the estimated useful life. Equipment, office facilities, and property are detailed below: December 31, 2023 2022 Software $ 3,375 $ 2,940 Buildings 1,720 1,693 Information technology and telecommunications equipment 1,133 1,008 Leasehold improvements 411 472 Land 214 209 Construction in progress 213 274 Other 380 351 Total equipment, office facilities, and property 7,446 6,947 Accumulated depreciation and amortization (3,756) (3,233) Total equipment, office facilities, and property — net $ 3,690 $ 3,714

Revenue Recognition (Tables)

Revenue Recognition (Tables)	12 Months Ended
	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	Disaggregation of Schwab’s revenue by major source is as follows: Year Ended December 31, 2023 2022 2021 Net interest revenue Cash and cash equivalents $ 1,894 $ 812 $ 40 Cash and investments segregated 1,355 691 24 Receivables from brokerage clients 4,793 3,321 2,455 Available for sale securities 2,987 4,139 4,641 Held to maturity securities 2,872 1,688 — Bank loans 1,664 1,083 620 Securities lending revenue 419 471 720 Other interest revenue 127 22 6 Interest revenue 16,111 12,227 8,506 Bank deposits (3,363) (723) (54) Payables to brokerage clients (271) (123) (9) Other short-term borrowings (1) (375) (48) (9) Federal Home Loan Bank borrowings (1) (1,810) (106) — Long-term debt (715) (498) (384) Securities lending expense (147) (48) (24) Other interest expense (3) 1 4 Interest expense (6,684) (1,545) (476) Net interest revenue 9,427 10,682 8,030 Asset management and administration fees Mutual funds, ETFs, and CTFs 2,563 2,055 1,961 Advice solutions 1,868 1,854 1,993 Other 325 307 320 Asset management and administration fees 4,756 4,216 4,274 Trading revenue Commissions 1,601 1,787 2,050 Order flow revenue 1,404 1,738 2,053 Principal transactions 225 148 49 Trading revenue 3,230 3,673 4,152 Bank deposit account fees 705 1,409 1,315 Other 719 782 749 Total net revenues $ 18,837 $ 20,762 $ 18,520 (1) Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information.

Receivables from and Payables_2

Receivables from and Payables to Brokerage Clients (Tables)	12 Months Ended
	Dec. 31, 2023
Brokerage Receivables and Payables [Abstract]
Summary of Receivables from and Payables to Brokerage Clients	Receivables from and payables to brokerage clients are detailed below: December 31, 2023 2022 Receivables Margin loans $ 62,582 $ 63,065 Other brokerage receivables 6,085 3,526 Receivables from brokerage clients — net (1) $ 68,667 $ 66,591 Payables Interest-bearing payables $ 67,675 $ 81,583 Non-interest-bearing payables 17,111 15,855 Payables to brokerage clients $ 84,786 $ 97,438 (1) The allowance for credit losses for receivables from brokerage clients and related activity was immaterial for all periods presented.

Investment Securities (Tables)

Investment Securities (Tables)	12 Months Ended
	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Amortized Cost, Gross Unrealized Gains and Losses, and Fair Value of Securities Available for Sale and Held to Maturity	The amortized cost, gross unrealized gains and losses, and fair value of the Company’s AFS and HTM investment securities are as follows: December 31, 2023 Amortized Gross Unrealized Gross Unrealized Fair Available for sale securities U.S. agency mortgage-backed securities $ 69,173 $ — $ 6,378 $ 62,795 U.S. Treasury securities 22,459 1 989 21,471 Corporate debt securities (1) 13,344 — 860 12,484 Asset-backed securities (2) 9,465 — 378 9,087 Foreign government agency securities 1,035 — 33 1,002 U.S. state and municipal securities 634 — 55 579 Non-agency commercial mortgage-backed securities 123 — 14 109 Certificates of deposit 100 — — 100 Other 22 — 3 19 Unallocated portfolio layer method fair value basis adjustments (3) (19) — (19) — Total available for sale securities (4) $ 116,336 $ 1 $ 8,691 $ 107,646 Held to maturity securities U.S. agency mortgage-backed securities $ 159,452 $ 1,435 $ 13,796 $ 147,091 Total held to maturity securities $ 159,452 $ 1,435 $ 13,796 $ 147,091 December 31, 2022 Available for sale securities U.S. agency mortgage-backed securities $ 85,994 $ — $ 8,306 $ 77,688 U.S. Treasury securities 41,879 — 1,877 40,002 Asset-backed securities (2) 13,672 — 649 13,023 Corporate debt securities (1) 13,830 — 1,275 12,555 Certificates of deposit 2,245 — 14 2,231 Foreign government agency securities 1,033 — 64 969 U.S. state and municipal securities 713 — 75 638 Non-agency commercial mortgage-backed securities 473 — 23 450 Other 323 — 8 315 Total available for sale securities (4) $ 160,162 $ — $ 12,291 $ 147,871 Held to maturity securities U.S. agency mortgage-backed securities $ 173,074 $ 1,442 $ 15,580 $ 158,936 Total held to maturity securities $ 173,074 $ 1,442 $ 15,580 $ 158,936 (1) As of December 31, 2023 and 2022, approximately 36% and 37%, respectively, of the total AFS corporate debt securities were issued by institutions in the financial services industry. (2) Approximately 61% and 57% of asset-backed securities held as of December 31, 2023 and 2022, respectively, were Federal Family Education Loan Program Asset-Backed Securities. Asset-backed securities collateralized by credit card receivables represented approximately 24% and 18% of the asset-backed securities held as of December 31, 2023 and 2022, respectively. (3) This represents the amount of PLM basis adjustments related to AFS securities hedged in a closed portfolio. See Notes 2 and 16 for more information on PLM hedge accounting. (4)
Securities with Unrealized Losses, Aggregated by Category and Period of Continuous Unrealized Loss	AFS investment securities with unrealized losses, aggregated by category and period of continuous unrealized loss, are as follows: Less than 12 months Total December 31, 2023 Fair Unrealized Fair Unrealized Fair Unrealized Available for sale securities U.S. agency mortgage-backed securities (1) $ 1 $ — $ 62,794 $ 6,378 $ 62,795 $ 6,378 U.S. Treasury securities — — 19,450 989 19,450 989 Corporate debt securities — — 12,484 860 12,484 860 Asset-backed securities (1) 29 — 9,058 378 9,087 378 Foreign government agency securities — — 1,002 33 1,002 33 U.S. state and municipal securities — — 579 55 579 55 Non-agency commercial mortgage-backed securities — — 109 14 109 14 Other — — 19 3 19 3 Total (2) $ 30 $ — $ 105,495 $ 8,710 $ 105,525 $ 8,710 December 31, 2022 Available for sale securities U.S. agency mortgage-backed securities $ 34,938 $ 2,025 $ 42,558 $ 6,281 $ 77,496 $ 8,306 U.S. Treasury securities 27,063 716 12,519 1,161 39,582 1,877 Asset-backed securities 6,717 217 6,299 432 13,016 649 Corporate debt securities 8,552 542 3,998 733 12,550 1,275 Certificates of deposit 2,033 10 196 4 2,229 14 Foreign government agency securities 756 50 214 14 970 64 U.S. state and municipal securities 482 31 157 44 639 75 Non-agency commercial mortgage-backed securities 443 23 — — 443 23 Other 315 8 — — 315 8 Total $ 81,299 $ 3,622 $ 65,941 $ 8,669 $ 147,240 $ 12,291 (1) Unrealized losses less than 12 months amounts were less than $500 thousand. (2) For purposes of this table, unrealized losses on AFS securities excludes the unallocated PLM fair value hedge basis adjustments of $19 million at December 31, 2023.
Maturities of Securities Available for Sale and Held to Maturity	The maturities of AFS and HTM investment securities are as follows: December 31, 2023 Within After 1 year through After 5 years through After Total Available for sale securities U.S. agency mortgage-backed securities $ 798 $ 11,126 $ 10,650 $ 40,221 $ 62,795 U.S. Treasury securities 9,142 12,329 — — 21,471 Corporate debt securities 2,708 8,306 1,470 — 12,484 Asset-backed securities — 2,443 1,290 5,354 9,087 Foreign government agency securities 495 507 — — 1,002 U.S. state and municipal securities — 71 396 112 579 Non-agency commercial mortgage-backed securities — — — 109 109 Certificates of deposit 100 — — — 100 Other — — — 19 19 Total fair value $ 13,243 $ 34,782 $ 13,806 $ 45,815 $ 107,646 Total amortized cost (1) $ 13,427 $ 36,943 $ 15,345 $ 50,640 $ 116,355 Weighted-average yield (2) 1.82 % 1.84 % 1.87 % 2.62 % 2.18 % Held to maturity securities U.S. agency mortgage-backed securities $ 1,217 $ 7,765 $ 37,584 $ 100,525 $ 147,091 Total fair value $ 1,217 $ 7,765 $ 37,584 $ 100,525 $ 147,091 Total amortized cost $ 1,248 $ 8,198 $ 40,139 $ 109,867 $ 159,452 Weighted-average yield (2) 2.61 % 1.98 % 1.76 % 1.73 % 1.75 % (1) For purposes of this table, the amortized cost of AFS securities excludes the unallocated PLM fair value hedge basis adjustments of $19 million at December 31, 2023. (2) The weighted-average yield is computed using the amortized cost at December 31, 2023.
Proceeds and Gross Realized Gains and Losses from Sales of Securities Available for Sale	Proceeds and gross realized gains and losses from sales of AFS investment securities are as follows: Year Ended December 31, 2023 2022 2021 Proceeds $ 8,465 $ 24,704 $ 13,306 Gross realized gains 1 157 40 Gross realized losses 62 166 36

Bank Loans and Related Allowa_2

Bank Loans and Related Allowance for Credit Losses (Tables)	12 Months Ended
	Dec. 31, 2023
Receivables [Abstract]
Composition of Bank Loans and Delinquency Analysis by Loan Segment	The composition of bank loans and delinquency analysis by portfolio segment and class of financing receivable is as follows: December 31, 2023 Current 30-59 days 60-89 days >90 days past due and other nonaccrual loans (3) Total past due and other Total Allowance for credit Total Residential real estate: First Mortgages (1,2) $ 26,111 $ 33 $ 2 $ 7 $ 42 $ 26,153 $ 32 $ 26,121 HELOCs (1,2) 473 1 1 4 6 479 2 477 Total residential real estate 26,584 34 3 11 48 26,632 34 26,598 Pledged asset lines 13,533 11 — 4 15 13,548 — 13,548 Other 297 — — — — 297 4 293 Total bank loans $ 40,414 $ 45 $ 3 $ 15 $ 63 $ 40,477 $ 38 $ 40,439 December 31, 2022 Residential real estate: First Mortgages (1,2) $ 25,157 $ 25 $ 2 $ 14 $ 41 $ 25,198 $ 66 $ 25,132 HELOCs (1,2) 590 2 — 5 7 597 4 593 Total residential real estate 25,747 27 2 19 48 25,795 70 25,725 Pledged asset lines 14,584 4 — 4 8 14,592 — 14,592 Other 191 — — — — 191 3 188 Total bank loans $ 40,522 $ 31 $ 2 $ 23 $ 56 $ 40,578 $ 73 $ 40,505 (1) First Mortgages and HELOCs include unamortized premiums and discounts and direct origination costs of $100 million and $98 million at December 31, 2023 and 2022, respectively. (2) At both December 31, 2023 and 2022, 43% of the First Mortgage and HELOC portfolios were concentrated in California. These loans have performed in a manner consistent with the portfolio as a whole. (3) There were no loans accruing interest that were contractually 90 days or more past due at December 31, 2023 or 2022.
Changes in Allowance for Credit Losses on Bank Loans	Changes in the allowance for credit losses on bank loans were as follows: December 31, 2023 First Mortgages HELOCs Total residential real estate Pledged asset lines Other Total Balance at beginning of year $ 66 $ 4 $ 70 $ — $ 3 $ 73 Charge-offs — — — — — — Recoveries — — — — — — Provision for credit losses (34) (2) (36) — 1 (35) Balance at end of year $ 32 $ 2 $ 34 $ — $ 4 $ 38 December 31, 2022 Balance at beginning of year $ 13 $ 2 $ 15 $ — $ 3 $ 18 Charge-offs — — — (4) — (4) Recoveries — 1 1 — — 1 Provision for credit losses 53 1 54 4 — 58 Balance at end of year $ 66 $ 4 $ 70 $ — $ 3 $ 73 December 31, 2021 Balance at beginning of year $ 22 $ 5 $ 27 $ — $ 3 $ 30 Charge-offs — — — — (1) (1) Recoveries — 1 1 — — 1 Provision for credit losses (9) (4) (13) — 1 (12) Balance at end of year $ 13 $ 2 $ 15 $ — $ 3 $ 18
Bank Loan-related Nonperforming Assets and Troubled Debt Restructurings	A summary of bank loan-related nonperforming assets is as follows: December 31, 2023 2022 Nonaccrual loans (1) $ 15 $ 23 Other real estate owned (2) — 2 Total nonperforming assets $ 15 $ 25 (1) Nonaccrual loans include nonaccrual troubled debt restructurings recorded prior to the adoption of ASU 2022-02. (2) Included in other assets on the consolidated balance sheets.
Credit Quality Indicators of Bank Loan Portfolio	The credit quality indicators of the Company’s First Mortgages and HELOCs are detailed below: First Mortgages Amortized Cost Basis by Origination Year December 31, 2023 2023 2022 2021 2020 2019 pre-2019 Total First Mortgages Revolving HELOCs amortized cost basis HELOCs converted to term loans Total HELOCs Origination FICO <620 $ — $ 2 $ 1 $ 1 $ — $ 1 $ 5 $ — $ — $ — 620 – 679 4 27 30 20 2 13 96 — 1 1 680 – 739 299 782 1,160 395 106 188 2,930 50 38 88 ≥740 2,391 5,258 10,439 3,558 743 733 23,122 261 129 390 Total $ 2,694 $ 6,069 $ 11,630 $ 3,974 $ 851 $ 935 $ 26,153 $ 311 $ 168 $ 479 Origination LTV ≤70% $ 1,818 $ 4,492 $ 10,078 $ 3,306 $ 687 $ 695 $ 21,076 $ 279 $ 117 $ 396 >70% – ≤90% 876 1,577 1,552 668 164 238 5,075 32 50 82 >90% – ≤100% — — — — — 2 2 — 1 1 Total $ 2,694 $ 6,069 $ 11,630 $ 3,974 $ 851 $ 935 $ 26,153 $ 311 $ 168 $ 479 Updated FICO <620 $ 4 $ 15 $ 19 $ 8 $ 2 $ 15 $ 63 $ 2 $ 5 $ 7 620 – 679 46 77 87 38 11 39 298 6 10 16 680 – 739 265 575 984 316 61 108 2,309 48 26 74 ≥740 2,379 5,402 10,540 3,612 777 773 23,483 255 127 382 Total $ 2,694 $ 6,069 $ 11,630 $ 3,974 $ 851 $ 935 $ 26,153 $ 311 $ 168 $ 479 Estimated Current LTV (1) ≤70% $ 1,853 $ 4,855 $ 11,341 $ 3,960 $ 850 $ 931 $ 23,790 $ 308 $ 167 $ 475 >70% – ≤90% 841 1,185 289 14 1 4 2,334 3 1 4 >90% – ≤100% — 28 — — — — 28 — — — >100% — 1 — — — — 1 — — — Total $ 2,694 $ 6,069 $ 11,630 $ 3,974 $ 851 $ 935 $ 26,153 $ 311 $ 168 $ 479 Gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — $ — Percent of Loans on 0.01 % 0.02 % 0.01 % 0.01 % 0.01 % 0.36 % 0.03 % 0.07 % 2.40 % 0.84 % (1) Represents the LTV for the full line of credit (drawn and undrawn) for revolving HELOCs. First Mortgages Amortized Cost Basis by Origination Year December 31, 2022 2022 2021 2020 2019 pre-2019 Total First Mortgages Revolving HELOCs amortized cost basis HELOCs converted to term loans Total HELOCs Origination FICO <620 $ 3 $ 1 $ — $ — $ 1 $ 5 $ — $ — $ — 620 – 679 28 31 21 2 15 97 — 2 2 680 – 739 820 1,224 430 116 243 2,833 59 47 106 ≥740 5,593 11,037 3,819 811 1,003 22,263 323 166 489 Total $ 6,444 $ 12,293 $ 4,270 $ 929 $ 1,262 $ 25,198 $ 382 $ 215 $ 597 Origination LTV ≤70% $ 4,771 $ 10,641 $ 3,549 $ 749 $ 940 $ 20,650 $ 332 $ 153 $ 485 >70% – ≤90% 1,673 1,652 721 180 320 4,546 50 61 111 >90% – ≤100% — — — — 2 2 — 1 1 Total $ 6,444 $ 12,293 $ 4,270 $ 929 $ 1,262 $ 25,198 $ 382 $ 215 $ 597 Updated FICO <620 $ 11 $ 12 $ 7 $ 2 $ 13 $ 45 $ 2 $ 5 $ 7 620 – 679 87 127 42 10 43 309 6 10 16 680 – 739 711 1,079 378 89 161 2,418 52 35 87 ≥740 5,635 11,075 3,843 828 1,045 22,426 322 165 487 Total $ 6,444 $ 12,293 $ 4,270 $ 929 $ 1,262 $ 25,198 $ 382 $ 215 $ 597 Estimated Current LTV (1) ≤70% $ 4,574 $ 11,751 $ 4,255 $ 928 $ 1,257 $ 22,765 $ 380 $ 214 $ 594 >70% – ≤90% 1,845 542 15 1 5 2,408 2 1 3 >90% – ≤100% 25 — — — — 25 — — — >100% — — — — — — — — — Total $ 6,444 $ 12,293 $ 4,270 $ 929 $ 1,262 $ 25,198 $ 382 $ 215 $ 597 Percent of Loans on 0.02 % 0.03 % 0.09 % 0.02 % 0.43 % 0.06 % 0.34 % 1.90 % 0.84 % (1) Represents the LTV for the full line of credit (drawn and undrawn) for revolving HELOCs.
Convert to Amortizing Loans	The following table presents when current outstanding HELOCs will convert to amortizing loans: December 31, 2023 Balance Converted to an amortizing loan by period end (1) $ 168 Within 1 year 18 > 1 year – 3 years 41 > 3 years – 5 years 47 > 5 years 205 Total $ 479 (1) Includes $21 million of HELOCs converted to amortizing loans during the year ended December 31, 2023.

Equipment, Office Facilities,_2

Equipment, Office Facilities, and Property (Tables)	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Equipment, Office Facilities, and Property	Estimated useful lives are as follows: All equipment types and furniture 3 to 10 years Buildings 40 years Building and land improvements 20 years Software 3 to 10 years (1) Leasehold improvements Lesser of useful life or lease term (1) Amortized over contractual term if shorter than the estimated useful life. Equipment, office facilities, and property are detailed below: December 31, 2023 2022 Software $ 3,375 $ 2,940 Buildings 1,720 1,693 Information technology and telecommunications equipment 1,133 1,008 Leasehold improvements 411 472 Land 214 209 Construction in progress 213 274 Other 380 351 Total equipment, office facilities, and property 7,446 6,947 Accumulated depreciation and amortization (3,756) (3,233) Total equipment, office facilities, and property — net $ 3,690 $ 3,714

Goodwill and Acquired Intangi_2

Goodwill and Acquired Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in Carrying Amount of Goodwill as Allocated to Reportable Segments	The changes in the carrying amount of goodwill, as allocated to our reportable segments, are presented in the following table: Investor Advisor Total December 31, 2021 $ 7,970 $ 3,982 $ 11,952 Goodwill acquired and other changes during the period (1) — (1) December 31, 2022 $ 7,969 $ 3,982 $ 11,951 Goodwill acquired and other changes during the period — — — December 31, 2023 $ 7,969 $ 3,982 $ 11,951
Acquired Intangible Assets	Acquired intangible assets are detailed below: December 31, 2023 December 31, 2022 Gross Carrying Accumulated Net Carrying Gross Carrying Accumulated Net Carrying Client relationships $ 10,088 $ (1,933) $ 8,155 $ 10,085 $ (1,422) $ 8,663 Technology 299 (284) 15 299 (261) 38 Trade names 123 (33) 90 120 (32) 88 Total acquired intangible assets $ 10,510 $ (2,250) $ 8,260 $ 10,504 $ (1,715) $ 8,789
Estimated Future Annual Amortization Expense for Acquired Intangible Assets	Estimated future annual amortization expense for acquired intangible assets as of December 31, 2023 is as follows: 2024 $ 519 2025 512 2026 508 2027 508 2028 507 Thereafter 5,618 Total $ 8,172

Other Assets (Tables)

Other Assets (Tables)	12 Months Ended
	Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Components of Other Assets	The components of other assets are as follows: December 31, 2023 2022 Deferred tax assets — net $ 4,300 $ 5,370 Other investments (1) 3,155 2,130 Receivables — interest, dividends, and other 2,538 1,919 Other securities owned at fair value (2) 1,913 1,432 Other receivables from brokers, dealers, and clearing organizations 1,764 2,171 Securities borrowed 1,563 705 Operating lease ROU assets 630 894 Customer contract receivables (3) 599 560 Capitalized contract costs 416 379 Contract assets — net 239 — Other 783 539 Total other assets $ 17,900 $ 16,099 (1) Includes LIHTC investments and certain other CRA-related investments (see Note 10). This item also includes investments in FHLB stock of $1.1 billion and $528 million at December 31, 2023 and 2022, respectively, which are required to be held as a condition of borrowing with the FHLB (see Note 12) and can only be sold to the issuer at its par value. Any cash dividends received from investments in FHLB stock are recognized as interest revenue in the consolidated statements of income. Other investments also includes investments in Federal Reserve stock of $468 million and $345 million at December 31, 2023 and 2022, respectively; these holdings are a condition of CSB, CSPB, and Trust Bank’s membership with the Federal Reserve. (2) Includes fractional shares held in client brokerage accounts. Corresponding repurchase liabilities in an equal amount for these client-held fractional shares are included in accrued expenses and other liabilities on the consolidated balance sheet. See also Notes 2 and 18. (3) Represents substantially all receivables from contracts with customers within the scope of ASC 606.

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	12 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Aggregate Assets, Liabilities and Maximum Exposure to Loss from VIEs which Variable Interest is Held but not the Primary Beneficiary	The aggregate assets, liabilities, and maximum exposure to loss from those VIEs in which Schwab holds a variable interest, but is not the primary beneficiary, are summarized in the table below: December 31, 2023 December 31, 2022 Aggregate Aggregate Maximum exposure to loss Aggregate Aggregate Maximum exposure to loss LIHTC investments (1) $ 1,407 $ 759 $ 1,407 $ 1,094 $ 619 $ 1,094 Other investments (2) 179 — 231 167 — 215 Total $ 1,586 $ 759 $ 1,638 $ 1,261 $ 619 $ 1,309 (1) Aggregate assets and aggregate liabilities are included in other assets and accrued expenses and other liabilities, respectively, on the consolidated balance sheets. (2) Other investments include non-LIHTC CRA investments that are accounted for as loans at amortized cost, equity method investments, AFS securities, or using the adjusted cost method. Aggregate assets are included in AFS securities, bank loans – net, or other assets on the consolidated balance sheets.

Bank Deposits (Tables)

Bank Deposits (Tables)	12 Months Ended
	Dec. 31, 2023
Deposit Liabilities [Abstract]
Deposits from Banking Clients Consisting of Interest Bearing and Noninterest Bearing Deposits	Bank deposits consist of interest-bearing and non-interest-bearing deposits as follows: December 31, 2023 2022 Interest-bearing deposits: Deposits swept from brokerage accounts $ 220,274 $ 333,754 Time certificates of deposit (1) 48,297 6,047 Checking 15,691 19,719 Savings and other 4,461 6,098 Total interest-bearing deposits 288,723 365,618 Non-interest-bearing deposits 1,230 1,106 Total bank deposits $ 289,953 $ 366,724 (1)
Annual Maturities on Time Certificates of Deposit Outstanding	Annual maturities on time certificates of deposit outstanding at December 31, 2023 are as follows: Balance 2024 $ 46,659 2025 1,638 Total $ 48,297

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Long-term Debt Including Unamortized Debt Discounts and Premiums	The following table lists long-term debt by instrument outstanding as of December 31, 2023 and 2022: Date of Principal Amount Outstanding Issuance 2023 2022 CSC Fixed-rate Senior Notes: 2.650% due January 25, 2023 12/07/17 $ — $ 800 3.550% due February 1, 2024 10/31/18 500 500 0.750% due March 18, 2024 03/18/21 1,500 1,500 3.750% due April 1, 2024 09/24/21 350 350 3.000% due March 10, 2025 03/10/15 375 375 4.200% due March 24, 2025 03/24/20 600 600 3.625% due April 1, 2025 09/24/21 418 418 3.850% due May 21, 2025 05/22/18 750 750 3.450% due February 13, 2026 11/13/15 350 350 0.900% due March 11, 2026 12/11/20 1,250 1,250 1.150% due May 13, 2026 05/13/21 1,000 1,000 3.200% due March 2, 2027 03/02/17 650 650 2.450% due March 3, 2027 03/03/22 1,500 1,500 3.300% due April 1, 2027 09/24/21 744 744 3.200% due January 25, 2028 12/07/17 700 700 2.000% due March 20, 2028 03/18/21 1,250 1,250 4.000% due February 1, 2029 10/31/18 600 600 3.250% due May 22, 2029 05/22/19 600 600 2.750% due October 1, 2029 09/24/21 475 475 4.625% due March 22, 2030 03/24/20 500 500 1.650% due March 11, 2031 12/11/20 750 750 2.300% due May 13, 2031 05/13/21 750 750 1.950% due December 1, 2031 08/26/21 850 850 2.900% due March 3, 2032 03/03/22 1,000 1,000 5.875% due August 24, 2026 08/24/23 1,000 — CSC Floating-rate Senior Notes: SOFR + 0.500% due March 18, 2024 (1) 03/18/21 1,250 1,250 SOFR + 0.520% due May 13, 2026 05/13/21 500 500 SOFR + 1.050% due March 3, 2027 03/03/22 500 500 CSC Fixed-to-Floating rate Senior Notes: 5.643% due May 19, 2029 (2) 05/19/23 1,200 — 5.853% due May 19, 2034 (3) 05/19/23 1,300 — 6.136% due August 24, 2034 (4) 08/24/23 1,350 — 6.196% due November 17, 2029 (5) 11/17/23 1,300 — Total CSC Senior Notes 25,862 20,512 TDA Holding Fixed-rate Senior Notes: 3.750% due April 1, 2024 11/01/18 50 50 3.625% due April 1, 2025 10/22/14 82 82 3.300% due April 1, 2027 04/27/17 56 56 2.750% due October 1, 2029 08/16/19 25 25 Total TDA Holding Senior Notes 213 213 Finance lease liabilities 85 68 Unamortized premium — net 87 129 Debt issuance costs (119) (94) Total long-term debt $ 26,128 $ 20,828 (1) On February 18, 2024, the Company redeemed all of these outstanding floating-rate Senior Notes. (2) The May 2029 fixed-to-floating rate Senior Notes bear interest at a fixed rate of 5.643%, payable semi-annually, until the interest reset date on May 19, 2028. On and after this date, these notes will bear interest at an annual floating rate of SOFR plus 2.210%, payable quarterly. (3) The May 2034 fixed-to-floating rate Senior Notes bear interest at a fixed rate of 5.853%, payable semi-annually, until the interest reset date on May 19, 2033. On and after this date, these notes will bear interest at an annual floating rate of SOFR plus 2.500%, payable quarterly. (4) The August 2034 fixed-to-floating rate Senior Notes bear interest at a fixed rate of 6.136%, payable semi-annually, until the interest reset date on August 24, 2033. On and after this date, these notes will bear interest at an annual floating rate of SOFR plus 2.010%, payable quarterly. (5) The November 2029 fixed-to-floating rate Senior Notes bear interest at a fixed rate of 6.196%, payable semi-annually, until the interest reset date on November 17, 2028. On and after this date, these notes will bear interest at an annual floating rate of SOFR plus 1.878%, payable quarterly.
Annual Maturities on Long-Term Debt Outstanding	Annual maturities on all long-term debt outstanding at December 31, 2023, are as follows: Maturities 2024 $ 3,686 2025 2,249 2026 4,112 2027 3,463 2028 1,950 Thereafter 10,700 Total maturities 26,160 Unamortized premium — net 87 Debt issuance costs (119) Total long-term debt $ 26,128
Annual Maturities on Debt Outstanding	Annual maturities on FHLB borrowings and other short-term borrowings outstanding at December 31, 2023 are as follows: 2024 FHLB borrowings $ 26,400 Other short-term borrowings 6,553 Total $ 32,953

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Lease Assets and Liabilities	The following table details the amounts and locations of lease assets and liabilities on the consolidated balance sheets: December 31, 2023 2022 Lease assets: Balance Sheet Classification Operating lease ROU assets Other assets $ 630 $ 894 Finance lease ROU assets Equipment, office facilities, and property — net 84 66 Lease liabilities: Operating lease liabilities Accrued expenses and other liabilities $ 892 $ 994 Finance lease liabilities Long-term debt 85 68
Lease Cost and Lease Term and Discount Rate	The components of lease expense are as follows: Year Ended December 31, 2023 2022 2021 Lease Cost Operating lease cost (1) $ 260 $ 242 $ 220 Variable lease cost (2) 48 50 48 (1) Includes short-term lease cost, which is immaterial. (2) Includes payments that are entirely variable and amounts that represent the difference between payments based on an index or rate that is reflected in the lease liability and amounts actually incurred. The following tables present supplemental operating lease information: December 31, 2023 2022 Lease Term and Discount Rate Weighted-average remaining lease term (years) 5.60 5.94 Weighted-average discount rate 3.64 % 3.00 %
Maturity of Lease Liabilities	Maturity of Lease Liabilities Operating Leases 2024 $ 231 2025 230 2026 142 2027 109 2028 74 Thereafter 200 Total lease payments (1) 986 Less: Interest 94 Present value of lease liabilities $ 892 (1)

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments to Extend Credit on Lines of Credit and to Purchase First Mortgages	The Company’s commitments to extend credit on lines of credit and to purchase First Mortgages are as follows: December 31, 2023 2022 Commitments to extend credit related to unused HELOCs, PALs, and other lines of credit $ 2,996 $ 4,533 Commitments to purchase First Mortgage loans 351 492 Total $ 3,347 $ 5,025

Exit and Other Related Liabil_2

Exit and Other Related Liabilities (Tables)	12 Months Ended
	Dec. 31, 2023
Restructuring and Related Activities [Abstract]
Activity in Exit and Other Related Liabilities	The following is a summary of the TD Ameritrade integration activity in the Company’s exit and other related liabilities as of December 31, 2023 and 2022 and activity for the years ended December 31, 2023 and 2022: Investor Services Advisor Services Total Balance at December 31, 2021 (1) $ 28 $ 7 $ 35 Amounts recognized in expense (2) 19 6 25 Costs paid or otherwise settled (11) (3) (14) Balance at December 31, 2022 (1) $ 36 $ 10 $ 46 Amounts recognized in expense (2) 20 4 24 Costs paid or otherwise settled (14) (2) (16) Balance at December 31, 2023 (1) $ 42 $ 12 $ 54 (1) Included in accrued and expenses and other liabilities on the consolidated balance sheets. (2) Amounts recognized in expense for severance pay and other termination benefits, as well as retention costs, are primarily included in compensation and benefits on the consolidated statements of income. The following is a summary of the restructuring activity in the Company’s exit and other related liabilities as of December 31, 2023 and activity for the year ended December 31, 2023: Investor Services Advisor Services Total Balance at December 31, 2022 (1) $ — $ — $ — Amounts recognized in expense (2) 214 78 292 Costs paid or otherwise settled (43) (15) (58) Balance at December 31, 2023 (1) $ 171 $ 63 $ 234 (1) Included in accrued expenses and other liabilities on the consolidated balance sheets. (2) Amounts recognized in expense for severance pay and other termination benefits are included in compensation and benefits on the consolidated statements of income.
Summary of Exit and Other Related Costs Recognized in Expense	The following table summarizes the TD Ameritrade integration exit and other related costs recognized in expense for the year ended December 31, 2023: Investor Services Advisor Services Employee Facility Exit Costs (1) Investor Services Total Employee Facility Exit Costs (1) Advisor Services Total Total Compensation and benefits $ 20 $ — $ 20 $ 4 $ — $ 4 $ 24 Occupancy and equipment — 9 9 — 2 2 11 Other — 18 18 — 7 7 25 Total $ 20 $ 27 $ 47 $ 4 $ 9 $ 13 $ 60 (1) Costs related to facility closures. These costs, which are primarily comprised of impairment and accelerated amortization of ROU assets, relate to the impact of abandoning leased and other properties. Impairment charges are included in other expense, while accelerated amortization of ROU assets are included in occupancy and equipment on the consolidated statements of income. The following table summarizes the TD Ameritrade integration exit and other related costs recognized in expense for the year ended December 31, 2022: Investor Services Advisor Services Employee Facility Exit Costs (1) Investor Services Total Employee Facility Exit Cost (1) Advisor Services Total Total Compensation and benefits $ 19 $ — $ 19 $ 6 $ — $ 6 $ 25 Occupancy and equipment — 7 7 — 2 2 9 Total $ 19 $ 7 $ 26 $ 6 $ 2 $ 8 $ 34 (1) Costs related to facility closures. These costs, which are primarily comprised of accelerated amortization of ROU assets, relate to the impact of abandoning leased and other properties. Accelerated amortization of ROU assets are included in occupancy and equipment on the consolidated statements of income. The following table summarizes the TD Ameritrade integration exit and other related costs recognized in expense for the year ended December 31, 2021: Investor Services Advisor Services Employee Facility Exit Cost (1) Investor Services Total Employee Facility Exit Cost (1) Advisor Services Total Total Compensation and benefits $ 66 $ — $ 66 $ 17 $ — $ 17 $ 83 Occupancy and equipment — 18 18 — 4 4 22 Professional services — 1 1 — — — 1 Other — 2 2 — — — 2 Total $ 66 $ 21 $ 87 $ 17 $ 4 $ 21 $ 108 (1) Costs related to facility closures. These costs, which are primarily comprised of accelerated amortization of ROU assets, relate to the impact of abandoning leased and other properties. Accelerated amortization of ROU assets are included in occupancy and equipment on the consolidated statements of income. The following table summarizes the TD Ameritrade integration exit and other related costs incurred from October 6, 2020 through December 31, 2023: Investor Services Advisor Services Employee Compensation and Benefits Facility Exit Costs (1) Investor Services Total Employee Compensation and Benefits Facility Exit Costs (1) Advisor Services Total Total Compensation and benefits $ 243 $ — $ 243 $ 65 $ — $ 65 $ 308 Occupancy and equipment — 40 40 — 9 9 49 Depreciation and amortization — 2 2 — 1 1 3 Professional services — 1 1 — — — 1 Other — 20 20 — 7 7 27 Total $ 243 $ 63 $ 306 $ 65 $ 17 $ 82 $ 388 (1) Costs related to facility closures. These costs, which are primarily comprised of impairment and accelerated amortization of ROU assets and accelerated depreciation of fixed assets, relate to the impact of abandoning leased and other properties. Impairment charges are included in other expense, while accelerated amortization of ROU assets and accelerated depreciation of fixed assets are included in occupancy and equipment and depreciation expense, respectively, on the consolidated statements of income. The following table summarizes the restructuring exit and other related costs recognized in expense for the year ended December 31, 2023, which represents cumulative costs incurred to date: Investor Services Advisor Services Employee Compensation and Benefits Facility Exit Costs (1) Investor Services Total Employee Compensation and Benefits Facility Exit Costs (1) Advisor Services Total Total Compensation and benefits $ 214 $ — $ 214 $ 78 $ — $ 78 $ 292 Occupancy and equipment — 13 13 — 4 4 17 Professional services — 4 4 — 1 1 5 Other — 134 134 — 47 47 181 Total $ 214 $ 151 $ 365 $ 78 $ 52 $ 130 $ 495 (1) Costs related to facility closures. These costs, which are primarily comprised of impairment and accelerated amortization of ROU assets and impairment of fixed assets, relate to the impact of abandoning leased and other properties. Impairment charges are included in other expense, while accelerated amortization of ROU assets are included in occupancy and equipment on the consolidated statements of income.

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	12 Months Ended
	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Gross Fair Values of Derivatives	The table below presents the gross fair values of the Company’s interest rate swaps designated as hedging instruments on the consolidated balance sheet: December 31, 2023 Assets Liabilities Interest rate swaps (1,2) $ — $ — (1) Derivative assets are included in other assets and derivative liabilities are included in accrued expenses and other liabilities on the consolidated balance sheet. Amounts were less than $500 thousand as of December 31, 2023. (2) Includes an $87 million and $2 million reduction of derivative assets and liabilities, respectively, related to variation margin settlements on derivatives cleared through CCPs. Settlements on derivative positions cleared through CCPs are reflected as reductions to the associated derivative asset and liability balances.
Fair Value Hedge Derivatives	The following amounts are included in AFS securities on the consolidated balance sheet related to fair value hedges: December 31, 2023 Amortized cost of hedged AFS securities (1,2) $ 8,765 Cumulative fair value hedging adjustment included in the amortized cost of hedged AFS securities (1,2) (85) (1) Includes the amortized cost basis of closed portfolios of AFS securities used to designate hedging relationships in which the hedged item is the stated amount of assets in the closed portfolios anticipated to be outstanding for the designated hedge period. The amortized cost basis of the closed portfolios used in these hedging relationships is $2.1 billion, of which $1.6 billion is designated in a portfolio layer hedging relationship. The cumulative basis adjustments associated with these hedging relationships are a reduction of the amortized cost basis of the closed portfolios of $19 million. (2) Excludes the amortized cost and fair value hedging adjustment of AFS securities for which hedge accounting has been discontinued. The cumulative amount of fair value hedging adjustments remaining for these securities is a reduction of the amortized cost basis of less than $500 thousand, which is recorded in AFS securities on the consolidated balance sheet and amortized to interest revenue as a yield adjustment over the lives of the securities. The table below presents the effect of the Company’s interest rate swaps designated as fair value hedges on the consolidated statement of income: Year Ended December 31, 2023 Gain (loss) on fair value hedging relationships recognized in interest revenue: Hedged items $ (85) Derivatives designated as hedging instruments (1) 85 (1) Excludes net income (expense) from periodic interest accruals and receipts (payments) of $2 million.

Financial Instruments Subject_2

Financial Instruments Subject to Off-Balance Sheet Credit Risk (Tables)	12 Months Ended
	Dec. 31, 2023
Offsetting [Abstract]
Offsetting Assets and Liabilities	The following table presents information about our interest rate swaps, resale agreements, securities lending, repurchase agreements, and other activity depicting the potential effect of rights of setoff between these recognized assets and liabilities. Gross Gross Amounts Offset in the Consolidated Net Amounts Presented in the Consolidated Gross Amounts Not Offset in the Net Counterparty Collateral December 31, 2023 Assets Resale agreements (1) $ 8,844 $ — $ 8,844 $ — $ (8,844) (2) $ — Securities borrowed (3) 1,563 — 1,563 (1,307) (253) 3 Interest rate swaps (4) — — — — — (5) — Total $ 10,407 $ — $ 10,407 $ (1,307) $ (9,097) $ 3 Liabilities Repurchase agreements (6) $ 4,903 $ — $ 4,903 $ — $ (4,903) $ — Securities loaned (7) 5,397 — 5,397 (1,307) (3,619) 471 Secured short-term borrowings (8) 1,650 — 1,650 — (1,650) — Interest rate swaps (4) — — — — — (5) — Total $ 11,950 $ — $ 11,950 $ (1,307) $ (10,172) $ 471 December 31, 2022 Assets Resale agreements (1) $ 12,159 $ — $ 12,159 $ — $ (12,159) (2) $ — Securities borrowed (3) 705 — 705 (331) (366) 8 Total $ 12,864 $ — $ 12,864 $ (331) $ (12,525) $ 8 Liabilities Repurchase agreements (6) $ 4,402 $ — $ 4,402 $ — $ (4,402) $ — Securities loaned (7) 4,200 — 4,200 (331) (3,313) 556 Total $ 8,602 $ — $ 8,602 $ (331) $ (7,715) $ 556 (1) Included in cash and investments segregated and on deposit for regulatory purposes in the consolidated balance sheets. (2) Actual collateral was greater than or equal to the value of the related assets. At December 31, 2023 and 2022, the fair value of collateral received in connection with resale agreements that are available to be repledged or sold was $9.0 billion and $12.3 billion, respectively. (3) Included in other assets in the consolidated balance sheets. (4) Derivative assets are included in other assets and derivative liabilities are included in accrued expenses and other liabilities on the consolidated balance sheets. Amounts were less than $500 thousand during the periods presented. (5) At December 31, 2023, the fair value of initial margin pledged as collateral related to interest rate swaps was $195 million. See Notes 5 and 16 for additional information. (6) Included in other short-term borrowings in the consolidated balance sheets. Actual collateral value was greater than or equal to the value of the related liabilities. At December 31, 2023 and 2022, the fair value of collateral pledged in connection with repurchase agreements was $5.3 billion and $4.6 billion, respectively. See Note 12 for additional information. (7) Included in accrued expenses and other liabilities in the consolidated balance sheets. Securities loaned are predominantly comprised of equity securities held in client brokerage accounts with overnight and continuous remaining contractual maturities. The cash collateral received from counterparties under securities lending transactions was equal to or greater than the market value of the securities loaned at December 31, 2023 and 2022. (8) Included in other short-term borrowings in the consolidated balance sheets. See below for collateral pledged and Note 12 for additional information.
Summary of the Fair Value of Client Securities Available to Utilize as Collateral and Amounts Pledged	The following table summarizes the fair value of client securities that were available, under such regulations, that could have been used as collateral, as well as the fair value of securities that we had pledged to third parties under such regulations and from securities borrowed transactions: December 31, 2023 2022 Fair value of client securities available to be pledged $ 86,911 $ 86,775 Fair value of securities pledged for: Fulfillment of requirements with the Options Clearing Corporation (1) $ 13,355 $ 11,717 Fulfillment of client short sales 7,009 4,750 Securities lending to other broker-dealers 4,688 3,472 Collateral for secured short-term borrowings 1,991 — Total collateral pledged to third parties $ 27,043 $ 19,939 Note: Excludes amounts available and pledged for securities lending from fully-paid client securities. The fair value of fully-paid client securities available and pledged was $179 million and $160 million as of December 31, 2023 and 2022, respectively. (1)

Fair Values of Assets and Lia_2

Fair Values of Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured at Fair Value on a Recurring Basis	The following tables present the fair value hierarchy for assets and liabilities measured at fair value on a recurring basis: December 31, 2023 Level 1 Level 2 Level 3 Balance at Cash equivalents: Money market funds $ 14,573 $ — $ — $ 14,573 Total cash equivalents 14,573 — — 14,573 Investments segregated and on deposit for regulatory purposes: U.S. Government securities — 20,358 — 20,358 Total investments segregated and on deposit for regulatory purposes — 20,358 — 20,358 Available for sale securities: U.S. agency mortgage-backed securities — 62,795 — 62,795 U.S. Treasury securities — 21,471 — 21,471 Corporate debt securities — 12,484 — 12,484 Asset-backed securities — 9,087 — 9,087 Foreign government agency securities — 1,002 — 1,002 U.S. state and municipal securities — 579 — 579 Non-agency commercial mortgage-backed securities — 109 — 109 Certificates of deposit — 100 — 100 Other — 19 — 19 Total available for sale securities — 107,646 — 107,646 Other assets: Other securities owned: Equity, corporate debt, and other securities 992 73 — 1,065 Mutual funds and ETFs 795 — — 795 State and municipal debt obligations — 27 — 27 U.S. Government securities — 26 — 26 Total other securities owned 1,787 126 — 1,913 Total other assets 1,787 126 — 1,913 Total assets $ 16,360 $ 128,130 $ — $ 144,490 Accrued expenses and other liabilities: Other $ 1,644 $ 89 $ — $ 1,733 Total accrued expenses and other liabilities 1,644 89 — 1,733 Total liabilities $ 1,644 $ 89 $ — $ 1,733 December 31, 2022 Level 1 Level 2 Level 3 Balance at Cash equivalents: Money market funds $ 14,007 $ — $ — $ 14,007 Commercial paper — 48 — 48 Total cash equivalents 14,007 48 — 14,055 Investments segregated and on deposit for regulatory purposes: U.S. Government securities — 23,645 — 23,645 Certificates of deposit — 1,000 — 1,000 Total investments segregated and on deposit for regulatory purposes — 24,645 — 24,645 Available for sale securities: U.S. agency mortgage-backed securities — 77,688 — 77,688 U.S. Treasury securities — 40,002 — 40,002 Asset-backed securities — 13,023 — 13,023 Corporate debt securities — 12,555 — 12,555 Certificates of deposit — 2,231 — 2,231 Foreign government agency securities — 969 — 969 U.S. state and municipal securities — 638 — 638 Non-agency commercial mortgage-backed securities — 450 — 450 Other — 315 — 315 Total available for sale securities — 147,871 — 147,871 Other assets: Other securities owned: Equity, corporate debt, and other securities 755 55 — 810 Mutual funds and ETFs 596 — — 596 State and municipal debt obligations — 25 — 25 U.S. Government securities — 1 — 1 Total other securities owned 1,351 81 — 1,432 Total other assets 1,351 81 — 1,432 Total assets $ 15,358 $ 172,645 $ — $ 188,003 Accrued expenses and other liabilities: Other $ 1,218 $ 43 $ — $ 1,261 Total accrued expenses and other liabilities 1,218 43 — 1,261 Total liabilities $ 1,218 $ 43 $ — $ 1,261
Fair Value of Other Financial Instruments	The following tables present the fair value hierarchy for other financial instruments: December 31, 2023 Carrying Level 1 Level 2 Level 3 Balance at Assets Cash and cash equivalents $ 28,764 $ 28,764 $ — $ — $ 28,764 Cash and investments segregated and on deposit for regulatory purposes 11,438 2,628 8,810 — 11,438 Receivables from brokerage clients — net 68,629 — 68,629 — 68,629 Held to maturity securities: U.S. agency mortgage-backed securities 159,452 — 147,091 — 147,091 Total held to maturity securities 159,452 — 147,091 — 147,091 Bank loans — net: First Mortgages 26,121 — 23,226 — 23,226 HELOCs 477 — 508 — 508 Pledged asset lines 13,548 — 13,548 — 13,548 Other 293 — 293 — 293 Total bank loans — net 40,439 — 37,575 — 37,575 Other assets 4,960 — 4,960 — 4,960 Liabilities Bank deposits $ 289,953 $ — $ 289,953 $ — $ 289,953 Payables to brokerage clients 84,786 — 84,786 — 84,786 Accrued expenses and other liabilities 7,609 — 7,609 — 7,609 Other short-term borrowings 6,553 — 6,553 — 6,553 Federal Home Loan Bank borrowings 26,400 — 26,400 — 26,400 Long-term debt 26,043 — 25,000 — 25,000 December 31, 2022 Carrying Level 1 Level 2 Level 3 Balance at Assets Cash and cash equivalents $ 26,140 $ 26,140 $ — $ — $ 26,140 Cash and investments segregated and on deposit for regulatory purposes 18,288 6,156 12,132 — 18,288 Receivables from brokerage clients — net 66,573 — 66,573 — 66,573 Held to maturity securities: U.S. agency mortgage-backed securities 173,074 — 158,936 — 158,936 Total held to maturity securities 173,074 — 158,936 — 158,936 Bank loans — net: First Mortgages 25,132 — 22,201 — 22,201 HELOCs 593 — 657 — 657 Pledged asset lines 14,592 — 14,592 — 14,592 Other 188 — 188 — 188 Total bank loans — net 40,505 — 37,638 — 37,638 Other assets 3,788 — 3,788 — 3,788 Liabilities Bank deposits $ 366,724 $ — $ 366,724 $ — $ 366,724 Payables to brokerage clients 97,438 — 97,438 — 97,438 Accrued expenses and other liabilities 5,584 — 5,584 — 5,584 Other short-term borrowings 4,650 — 4,650 — 4,650 Federal Home Loan Bank borrowings 12,400 — 12,400 12,400 Long-term debt 20,760 — 19,108 — 19,108

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2023
Stockholders' Equity Note [Abstract]
Preferred Stock Issued and Outstanding	The following is a summary of CSC’s non-cumulative perpetual preferred stock issued and outstanding as of such dates: Dividend Rate in Effect at December 31, 2023 Date at Which Dividend Rate Resets or Becomes Floating Reset / Margin Over Reset / Floating Rate Shares Issued and Outstanding (in ones) at December 31, Liquidation Preference Per Share Carrying Value at December 31, Earliest Redemption Date 2023 (1) 2022 (1) 2023 2022 Issue Date Fixed-rate: Series D 750,000 750,000 1,000 728 728 03/07/16 5.950 % 06/01/21 N/A N/A N/A Series J 600,000 600,000 1,000 584 584 03/30/21 4.450 % 06/01/26 N/A N/A N/A Fixed-to-floating rate/Fixed-rate reset: Series F 4,884 5,000 100,000 481 492 10/31/17 5.000 % 12/01/27 12/01/27 3M LIBOR (4) 2.575 % Series G (2) 24,580 25,000 100,000 2,428 2,470 04/30/20 5.375 % 06/01/25 06/01/25 5-Year Treasury 4.971 % Series H (3) 22,267 25,000 100,000 2,200 2,470 12/11/20 4.000 % 12/01/30 12/01/30 10-Year Treasury 3.079 % Series I (2) 20,554 22,500 100,000 2,030 2,222 03/18/21 4.000 % 06/01/26 06/01/26 5-Year Treasury 3.168 % Series K (2) 7,500 7,500 100,000 740 740 03/04/22 5.000 % 06/01/27 06/01/27 5-Year Treasury 3.256 % Total preferred 1,429,785 1,435,000 9,191 9,706 (1) Represented by depositary shares. (2) The dividend rate for Series G, Series I and Series K resets on each five-year anniversary from the first reset date. (3) The dividend rate for Series H resets on each ten-year anniversary from the first reset date. (4) The reset/floating rate for Series F will be determined by the calculation agent prior to the commencement of the floating rate period using what the calculation agent determines to be the industry-accepted substitute or successor base rate to LIBOR. N/A Not applicable.
Dividends Declared	Dividends declared on the Company’s preferred stock are as follows: Year Ended December 31, 2023 2022 2021 Total Declared (1) (in millions) Per Share Total Per Share Total Per Share Series A (2) N/A N/A $ 19.1 $ 47.73 $ 28.0 $ 70.00 Series C (3) N/A N/A N/A N/A 18.0 30.00 Series D 44.6 59.52 44.6 59.52 44.6 59.52 Series E (4) N/A N/A 37.0 6,161.42 27.8 4,625.00 Series F 24.3 5,000.00 25.0 5,000.00 25.0 5,000.00 Series G 132.2 5,375.00 134.4 5,375.00 134.4 5,375.00 Series H (5) 90.4 4,000.00 100.0 4,000.00 97.2 3,888.89 Series I (6) 82.8 4,000.00 90.0 4,000.00 63.2 2,811.11 Series J (7) 26.7 44.52 26.7 44.52 17.9 29.8 Series K (8) 37.4 5,000.00 27.8 3,708.33 N/A N/A Total $ 438.4 $ 504.6 $ 456.1 (1) Excludes $3 million of dividends declared on Series G, H and I, and accrued by stockholders as of the repurchase date. Such dividends are part of the consideration paid upon repurchase of the depositary shares during the year ended December 31, 2023. (2) Series A was redeemed on November 1, 2022. Prior to redemption, dividends were paid semi-annually until February 1, 2022 and quarterly thereafter. The final dividend was paid on November 1, 2022. (3) Series C was redeemed on June 1, 2021. Prior to redemption, dividends were paid quarterly and the final dividend was paid on June 1, 2021. (4) Series E was redeemed on December 1, 2022. Prior to redemption, dividends were paid semi-annually until March 1, 2022 and quarterly thereafter. The final dividend was paid on December 1, 2022. (5) Series H was issued on December 11, 2020. Dividends are paid quarterly, and the first dividend was paid on March 1, 2021. (6) Series I was issued on March 18, 2021. Dividends are paid quarterly, and the first dividend was paid on June 1, 2021. (7) Series J was issued on March 30, 2021. Dividends are paid quarterly, and the first dividend was paid on June 1, 2021. (8) Series K was issued on March 4, 2022. Dividends are paid quarterly, and the first dividend was paid on June 1, 2022. N/A Not applicable.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Accumulated Other Comprehensive Income	AOCI balances and the components of other comprehensive income (loss) are as follows: Total AOCI Balance at December 31, 2020 $ 5,394 Available for sale securities: Net unrealized gain (loss), net of tax expense (benefit) of $(2,029) (6,492) Other reclassifications included in other revenue, net of tax expense (benefit) of $(1) (3) Other, net of tax expense (benefit) of $(3) (8) Balance at December 31, 2021 $ (1,109) Available for sale securities: Net unrealized gain (loss), excluding transfers to held to maturity, net of tax expense (benefit) of $(6,994) (22,106) Net unrealized loss on securities transferred to held to maturity, net of tax benefit of $4,377 13,851 Other reclassifications included in other revenue, net of tax expense (benefit) of $2 7 Held to maturity securities: Net unrealized loss on securities transferred from available for sale, net of tax benefit of $4,377 (13,851) Amortization of amounts previously recorded upon transfer from available for sale, net of tax expense (benefit) of $165 542 Other, net of tax expense (benefit) of $15 45 Balance at December 31, 2022 $ (22,621) Available for sale securities: Net unrealized gain (loss), net of tax expense (benefit) of $886 2,653 Other reclassifications included in other revenue, net of tax expense (benefit) of $15 46 Held to maturity securities: Amortization of amounts previously recorded upon transfer from available for sale, net of tax expense (benefit) of $657 1,817 Other, net of tax expense (benefit) of $(9) (26) Balance at December 31, 2023 $ (18,131)

Employee Incentive, Retiremen_2

Employee Incentive, Retirement, Deferred Compensation, and Career Achievement Plans (Tables)	12 Months Ended
	Dec. 31, 2023
Retirement Benefits [Abstract]
Stock-Based Compensation Expense and Related Income Tax Benefit	A summary of share-based compensation expense and related income tax benefit is as follows: Year Ended December 31, 2023 2022 2021 Stock option expense $ 33 $ 30 $ 36 Restricted stock unit expense 262 311 200 Employee stock purchase plan expense 25 25 18 Total share-based compensation expense $ 320 $ 366 $ 254 Income tax benefit on share-based compensation expense (1) $ (76) $ (88) $ (60) (1)
Stock Option Activity	Stock option activity is summarized below: Number Weighted- Average Exercise Price Weighted- Average Remaining Contractual Aggregate Intrinsic Outstanding at December 31, 2022 16 $ 42.98 4.95 $ 646 Granted 3 68.25 Exercised (1) 28.29 Forfeited (1) — 63.16 Expired (1) — 39.30 Outstanding at December 31, 2023 18 $ 48.69 5.20 $ 379 Vested and expected to vest at December 31, 2023 17 $ 48.44 5.12 $ 377 Vested and exercisable at December 31, 2023 13 $ 41.51 3.84 $ 355 (1) Number of options was less than 500 thousand.
Information on Stock Options Granted and Exercised	Information on stock options granted and exercised is presented below: Year Ended December 31, 2023 2022 2021 Weighted-average fair value of options granted per share $ 19.72 $ 22.09 $ 19.51 Cash received from options exercised 49 64 221 Tax benefit realized on options exercised 12 22 61 Aggregate intrinsic value of options exercised 62 113 322
Assumptions Used to Value Options Granted and Their Expected Lives	The assumptions used to value the options granted during the years presented and their expected lives were as follows: Year Ended December 31, 2023 2022 2021 Weighted-average expected dividend yield 1.70 % 1.18 % 1.36 % Weighted-average expected volatility 31 % 33 % 37 % Weighted-average risk-free interest rate 3.9 % 1.8 % 0.8 % Expected life (in years) 4.1 - 5.3 4.1 - 5.2 4.2 - 5.4
Restricted Stock Units Activity	The Company’s restricted stock units activity is summarized below: Restricted Stock Units Without Performance Conditions Performance-Based Restricted Stock Units Total Number Weighted- Average Grant Date Fair Value Outstanding at December 31, 2022 7 4 11 $ 62.12 Granted (1) 3 — 3 76.73 Vested (3) (1) (4) 50.60 Forfeited (1) — — — 69.22 Outstanding at December 31, 2023 7 3 10 $ 72.76 (1) Number of units was less than 500 thousand.
Changes in Projected Benefit Obligations	The following table presents the changes in projected benefit obligation: December 31, 2023 2022 Projected benefit obligation at beginning of year $ 78 $ 119 Benefit cost (1) 12 19 Actuarial loss (gain) (2) 35 (60) Projected benefit obligation at end of year (3) $ 125 $ 78 (1) Includes service cost and interest cost, which are recognized in compensation and benefits expense and other expense, respectively, in the consolidated statements of income. (2) Actuarial loss (gain) is reflected in the consolidated statements of comprehensive income and is included in AOCI on the consolidated balance sheets. The portion, if any, beyond certain thresholds is subsequently amortized over the participants’ expected remaining service period into other expense on the consolidated statements of income. (3) This amount is recognized as a liability in accrued expenses and other liabilities on the consolidated balance sheets.

Taxes on Income (Tables)

Taxes on Income (Tables)	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Income Tax Expense	The components of taxes on income are as follows: Year Ended December 31, 2023 2022 2021 Current: Federal $ 1,658 $ 1,889 $ 1,507 State 131 334 298 Total current 1,789 2,223 1,805 Deferred: Federal (395) (26) 38 State (83) 8 15 Total deferred (478) (18) 53 Taxes on income $ 1,311 $ 2,205 $ 1,858
Temporary Differences That Created Deferred Tax Assets and Liabilities	The temporary differences that created deferred tax assets and liabilities are detailed below: December 31, 2023 2022 Deferred tax assets: Net unrealized loss on available for sale securities $ 5,610 $ 7,159 Section 174 capitalization associated with internal-use software development 363 96 Employee compensation, severance, and benefits 272 251 Operating lease liabilities 216 242 Net operating loss carryforwards 8 9 Other 219 158 Total deferred tax assets 6,688 7,915 Valuation allowance (16) (9) Deferred tax assets — net of valuation allowance 6,672 7,906 Deferred tax liabilities: Amortization of acquired intangible assets (1,758) (1,837) Capitalized internal-use software development costs (200) (187) Operating lease ROU assets (156) (224) Equipment, office facilities, and property (109) (151) Other (149) (137) Total deferred tax liabilities (2,372) (2,536) Deferred tax assets (liabilities) — net (1) $ 4,300 $ 5,370 (1) Amounts are included in other assets on the consolidated balance sheet at December 31, 2023 and 2022.
Reconciliation of Federal Statutory Income Tax Rate to Effective Income Tax Rate	A reconciliation of the federal statutory income tax rate to the effective income tax rate is as follows: Year Ended December 31, 2023 2022 2021 Federal statutory income tax rate 21.0 % 21.0 % 21.0 % State income taxes, net of federal tax benefit 1.6 3.5 3.4 Research and development credits (1.2) — — Equity compensation benefit (0.5) (0.5) (1.2) Other (0.3) (0.5) 0.9 Effective income tax rate 20.6 % 23.5 % 24.1 %
Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits	A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: December 31, 2023 2022 Balance at beginning of year $ 205 $ 271 Additions for tax positions related to the current year 46 36 Additions for tax positions related to prior years 177 12 Reductions for tax positions related to prior years (36) (59) Reductions due to lapse of statute of limitations (8) (13) Reductions for settlements with tax authorities (4) (42) Balance at end of year $ 380 $ 205

Regulatory Requirements (Tables

Regulatory Requirements (Tables)	12 Months Ended
	Dec. 31, 2023
Regulatory Capital Requirements Under Banking Regulations [Abstract]
Regulatory Capital and Ratios	The regulatory capital and ratios for CSC (consolidated) and CSB are as follows: Actual Minimum to be Minimum Capital December 31, 2023 Amount Ratio Amount Ratio Amount Ratio (1) CSC Common Equity Tier 1 Risk-Based Capital $ 31,411 24.5 % N/A $ 5,770 4.5 % Tier 1 Risk-Based Capital 40,602 31.7 % N/A 7,694 6.0 % Total Risk-Based Capital 40,645 31.7 % N/A 10,258 8.0 % Tier 1 Leverage 40,602 8.5 % N/A 19,043 4.0 % Supplementary Leverage Ratio 40,602 8.5 % N/A 14,379 3.0 % CSB Common Equity Tier 1 Risk-Based Capital $ 31,777 37.9 % $ 5,448 6.5 % $ 3,771 4.5 % Tier 1 Risk-Based Capital 31,777 37.9 % 6,705 8.0 % 5,029 6.0 % Total Risk-Based Capital 31,816 38.0 % 8,381 10.0 % 6,705 8.0 % Tier 1 Leverage 31,777 10.1 % 15,793 5.0 % 12,634 4.0 % Supplementary Leverage Ratio 31,777 10.0 % N/A 9,540 3.0 % December 31, 2022 CSC Common Equity Tier 1 Risk-Based Capital $ 30,590 21.9 % N/A $ 6,258 4.5 % Tier 1 Risk-Based Capital 40,296 28.9 % N/A 8,379 6.0 % Total Risk-Based Capital 40,376 28.9 % N/A 11,173 8.0 % Tier 1 Leverage 40,296 7.2 % N/A 22,512 4.0 % Supplementary Leverage Ratio 40,296 7.1 % N/A 17,004 3.0 % CSB Common Equity Tier 1 Risk-Based Capital $ 27,296 27.4 % $ 6,476 6.5 % $ 4,483 4.5 % Tier 1 Risk-Based Capital 27,296 27.4 % 7,970 8.0 % 5,978 6.0 % Total Risk-Based Capital 27,370 27.5 % 9,963 10.0 % 7,970 8.0 % Tier 1 Leverage 27,296 7.3 % 18,640 5.0 % 14,912 4.0 % Supplementary Leverage Ratio 27,296 7.3 % N/A 11,275 3.0 % (1) Under risk-based capital rules, CSC and CSB are also required to maintain additional capital buffers above the regulatory minimum risk-based capital ratios. As of December 31, 2023, CSC was subject to a stress capital buffer of 2.5%. In addition, CSB is required to maintain a capital conservation buffer of 2.5%. CSC and CSB are also required to maintain a countercyclical capital buffer above the regulatory minimum risk-based capital ratios, which was zero for both periods presented. If a buffer falls below the minimum requirement, CSC and CSB would be subject to increasingly strict limits on capital distributions and discretionary bonus payments to executive officers. At December 31, 2023, the minimum capital ratio requirements for both CSC and CSB, inclusive of their respective buffers, were 7.0%, 8.5%, and 10.5% for Common Equity Tier 1 Risk-Based Capital, Tier 1 Risk-Based Capital, and Total Risk-Based Capital, respectively. N/A Not applicable.
Net Capital and Net Capital Requirements	Net capital and net capital requirements for CS&Co, TDAC, and TD Ameritrade, Inc., are as follows: December 31, 2023 2022 CS&Co Net capital $ 5,629 $ 5,386 Minimum dollar requirement 0.250 0.250 2% of aggregate debit balances 1,069 778 Net capital in excess of required net capital $ 4,560 $ 4,608 TDAC Net capital $ 3,634 $ 5,291 Minimum dollar requirement 1.500 1.500 2% of aggregate debit balances 440 626 Net capital in excess of required net capital $ 3,194 $ 4,665 TD Ameritrade, Inc. Net capital $ 444 $ 806 Minimum dollar requirement 0.250 0.250 2% of aggregate debit balances — — Net capital in excess of required net capital $ 444 $ 806

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2023
Segment Reporting [Abstract]
Financial Information for Reportable Segments	Financial information for the segments is presented in the following table: Investor Services Advisor Services Total Year Ended December 31, 2023 2022 2021 2023 2022 2021 2023 2022 2021 Net Revenues Net interest revenue $ 7,095 $ 7,819 $ 6,052 $ 2,332 $ 2,863 $ 1,978 $ 9,427 $ 10,682 $ 8,030 Asset management and administration fees 3,398 3,049 3,130 1,358 1,167 1,144 4,756 4,216 4,274 Trading revenue 2,806 3,181 3,753 424 492 399 3,230 3,673 4,152 Bank deposit account fees 524 916 964 181 493 351 705 1,409 1,315 Other 582 605 562 137 177 187 719 782 749 Total net revenues 14,405 15,570 14,461 4,432 5,192 4,059 18,837 20,762 18,520 Expenses Excluding Interest 9,217 8,514 8,289 3,242 2,860 2,518 12,459 11,374 10,807 Income before taxes on income $ 5,188 $ 7,056 $ 6,172 $ 1,190 $ 2,332 $ 1,541 $ 6,378 $ 9,388 $ 7,713 Capital expenditures $ 586 $ 702 $ 771 $ 218 $ 250 $ 270 $ 804 $ 952 $ 1,041 Depreciation and amortization $ 595 $ 471 $ 399 $ 209 $ 181 $ 150 $ 804 $ 652 $ 549 Amortization of acquired intangible assets $ 441 $ 479 $ 499 $ 93 $ 117 $ 116 $ 534 $ 596 $ 615

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
Earnings per Share under Basic and Diluted Computations	EPS under the basic and diluted computations for both common stock and nonvoting common stock are as follows: Year Ended December 31, 2023 2022 2021 Common Stock Nonvoting Common Stock Common Stock Nonvoting Common Stock Common Stock Nonvoting Common Stock Basic earnings per share: Numerator Net income $ 4,925 $ 142 $ 6,926 $ 257 $ 5,610 $ 245 Preferred stock dividends and other (1) (406) (12) (528) (20) (474) (21) Net income available to common stockholders $ 4,519 $ 130 $ 6,398 $ 237 $ 5,136 $ 224 Denominator Weighted-average common shares outstanding — basic 1,773 51 1,818 67 1,808 79 Basic earnings per share $ 2.55 $ 2.55 $ 3.52 $ 3.52 $ 2.84 $ 2.84 Diluted earnings per share: Numerator Net income available to common stockholders $ 4,519 $ 130 $ 6,398 $ 237 $ 5,136 $ 224 Reallocation of net income available to common 130 — 237 — 224 — Allocation of net income available to common $ 4,649 $ 130 $ 6,635 $ 237 $ 5,360 $ 224 Denominator Weighted-average common shares outstanding — basic 1,773 51 1,818 67 1,808 79 Conversion of nonvoting shares to voting shares 51 — 67 — 79 — Common stock equivalent shares related to stock incentive 7 — 9 — 10 — Weighted-average common shares outstanding — diluted (2) 1,831 51 1,894 67 1,897 79 Diluted earnings per share $ 2.54 $ 2.54 $ 3.50 $ 3.50 $ 2.83 $ 2.83 (1) Includes preferred stock dividends and undistributed earnings and dividends allocated to non-vested restricted stock units. (2) Antidilutive stock options and restricted stock units excluded from the calculation of diluted EPS totaled 19 million, 15 million, and 16 million in 2023, 2022, and 2021, respectively.

The Charles Schwab Corporatio_2

The Charles Schwab Corporation - Parent Company Only Financial Statements (Tables)	12 Months Ended
	Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract]
Condensed Statements of Income	Condensed Statements of Income Year Ended December 31, 2023 2022 2021 Interest revenue $ 545 $ 183 $ 11 Interest expense (717) (501) (355) Net interest expense (172) (318) (344) Other revenue — (2) (2) Expenses Excluding Interest: Professional services (21) (16) (17) Regulatory fees and assessments (16) (21) (20) Compensation and benefits (8) (73) (87) Other expenses excluding interest (112) (108) (18) Loss before income tax benefit and equity in net income of subsidiaries (329) (538) (488) Income tax benefit (expense) 60 32 32 Loss before equity in net income of subsidiaries (269) (506) (456) Equity in net income of subsidiaries: Equity in undistributed net income (distributions in excess of net income) of subsidiaries 1,318 (2,432) 3,361 Dividends from bank subsidiaries — 6,670 — Dividends from non-bank subsidiaries 4,018 3,451 2,950 Net Income 5,067 7,183 5,855 Preferred stock dividends and other (1) 418 548 495 Net Income Available to Common Stockholders $ 4,649 $ 6,635 $ 5,360 (1) Includes preferred stock dividends and undistributed earnings and dividends allocated to non-vested restricted stock units.
Condensed Balance Sheets	Condensed Balance Sheets December 31, 2023 2022 Assets Cash and cash equivalents $ 11,326 $ 8,800 Receivables from subsidiaries 1,193 1,266 Available for sale securities 1,979 4,112 Loans to non-bank subsidiaries 613 — Investment in non-bank subsidiaries 33,485 35,025 Investment in bank subsidiaries 18,324 8,245 Other assets 653 581 Total assets $ 67,573 $ 58,029 Liabilities and Stockholders’ Equity Accrued expenses and other liabilities $ 727 $ 584 Payables to subsidiaries 66 54 Short-term borrowings — 248 Long-term debt 25,822 20,535 Total liabilities 26,615 21,421 Stockholders’ equity 40,958 36,608 Total liabilities and stockholders’ equity $ 67,573 $ 58,029
Condensed Statements of Cash Flows	Condensed Statements of Cash Flows Year Ended December 31, 2023 2022 2021 Cash Flows from Operating Activities Net income $ 5,067 $ 7,183 $ 5,855 Adjustments to reconcile net income to net cash provided by (used for) operating activities: Dividends in excess of (equity in undistributed) earnings of subsidiaries (1,318) 2,432 (3,361) Other (35) 53 21 Net change in: Other assets (106) (230) 76 Accrued expenses and other liabilities 77 (5) 112 Net cash provided by (used for) operating activities 3,685 9,433 2,703 Cash Flows from Investing Activities Due from (to) subsidiaries — net (174) 333 211 Increase in investments in subsidiaries (2,720) (2,139) (10,926) Purchases of available for sale securities (1,486) (5,699) (8,002) Proceeds from sales of available for sale securities — 2 2 Principal payments on available for sale securities 3,721 5,803 8,754 Other investing activities (7) (25) — Net cash provided by (used for) investing activities (666) (1,725) (9,961) Cash Flows from Financing Activities Proceeds from short-term borrowings 344 1,895 8,253 Repayments of short-term borrowings (598) (4,656) (5,250) Issuances of long-term debt 6,097 2,971 7,036 Repayments of long-term debt (800) (256) (1,200) Repurchases of common stock and nonvoting common stock (2,842) (3,395) — Issuance of preferred stock, net — 740 2,806 Redemption and repurchase of preferred stock (467) (1,000) (600) Dividends paid (2,276) (2,110) (1,822) Proceeds from stock options exercised 49 64 220 Net cash provided by (used for) financing activities (493) (5,747) 9,443 Increase (Decrease) in Cash and Cash Equivalents 2,526 1,961 2,185 Cash and Cash Equivalents at Beginning of Year 8,800 6,839 4,654 Cash and Cash Equivalents at End of Year $ 11,326 $ 8,800 $ 6,839 Supplemental Cash Flow Information Non-cash investing and financing activity: Exchange of TDA Holding-issued senior notes for CSC-issued senior notes $ — $ — $ 1,987 Common stock repurchased during the period but settled after period end $ — $ 40 $ —

Introduction and Basis of Pre_2

Introduction and Basis of Presentation (Details)	Dec. 31, 2023 officeBranch state
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of domestic branch offices (over) | officeBranch	380
States with domestic branch offices | state	48

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Narrative (Details)	12 Months Ended
	Dec. 31, 2023 thirdPartyPricingSource segment receivableClass
Accounting Policies [Abstract]
Number of portfolio segments | segment	3
Number of classes of financing receivables | receivableClass	2
Number of third-party sources | thirdPartyPricingSource	3

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Estimated Useful Lives (Details)	Dec. 31, 2023
All equipment types and furniture | Minimum
Summary of Significant Accounting Policies [Line Items]
Estimated useful life	3 years
All equipment types and furniture | Maximum
Summary of Significant Accounting Policies [Line Items]
Estimated useful life	10 years
Buildings
Summary of Significant Accounting Policies [Line Items]
Estimated useful life	40 years
Building and land improvements
Summary of Significant Accounting Policies [Line Items]
Estimated useful life	20 years
Software | Minimum
Summary of Significant Accounting Policies [Line Items]
Estimated useful life	3 years
Software | Maximum
Summary of Significant Accounting Policies [Line Items]
Estimated useful life	10 years

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Cash and cash equivalents		$ 1,894	$ 812	$ 40
Cash and investments segregated		1,355	691	24
Receivables from brokerage clients		4,793	3,321	2,455
Available for sale securities		2,987	4,139	4,641
Held to maturity securities		2,872	1,688	0
Bank loans		1,664	1,083	620
Securities lending revenue		419	471	720
Other interest revenue		127	22	6
Interest revenue		16,111	12,227	8,506
Bank deposits		(3,363)	(723)	(54)
Payables to brokerage clients		(271)	(123)	(9)
Other short-term borrowings		(375)	(48)	(9)
Federal Home Loan Bank borrowings		(1,810)	(106)	0
Long-term debt		(715)	(498)	(384)
Securities lending expense		(147)	(48)	(24)
Other interest expense		(3)	1	4
Interest expense		(6,684)	(1,545)	(476)
Net interest revenue		9,427	10,682	8,030
Total net revenues		18,837	20,762	18,520
Asset management and administration fees
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	[1]	4,756	4,216	4,274
Mutual funds, ETFs, and CTFs
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers		2,563	2,055	1,961
Advice solutions
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers		1,868	1,854	1,993
Other
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers		325	307	320
Trading revenue
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers		3,230	3,673	4,152
Commissions
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers		1,601	1,787	2,050
Order flow revenue
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers		1,404	1,738	2,053
Principal transactions
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers		225	148	49
Bank deposit account fees
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers		705	1,409	1,315
Other
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers		$ 719	$ 782	$ 749
[1] No fee waivers were recognized for the year ended December 31, 2023. Includes fee waivers of $57 million and $326 million for the years ended December 31, 2022 and 2021, respectively.

Receivables from and Payables_3

Receivables from and Payables to Brokerage Clients - Summary of Receivables from and Payables to Brokerage Clients (Details) - USD ($) $ in Millions		Dec. 31, 2023	Dec. 31, 2022
Receivables
Margin loans		$ 62,582	$ 63,065
Other brokerage receivables		6,085	3,526
Receivables from brokerage clients - net	[1]	68,667	66,591
Payables
Interest-bearing payables		67,675	81,583
Non-interest-bearing payables		17,111	15,855
Payables to brokerage clients	[1]	$ 84,786	$ 97,438
[1] Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information.

Receivables from and Payables_4

Receivables from and Payables to Brokerage Clients - Narrative (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
California | TD Ameritrade | Contract with Customer | Geographic Concentration Risk
Concentration Risk [Line Items]
Concentration risk percentage	17%	17%

Investment Securities - Amortiz

Investment Securities - Amortized Cost, Gross Unrealized Gains and Losses, and Fair Value of Securities Available for Sale and Held to Maturity (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Available for sale securities
Amortized Cost	[1]	$ 116,336	$ 160,162
Gross Unrealized Gains		1	0
Gross Unrealized Losses		8,691	12,291
Total available for sale securities	[1]	107,646	147,871
Unallocated portfolio layer method fair value basis adjustments, Amortized Cost		(19)
Unallocated portfolio layer method fair value basis adjustments, Gross Unrealized Gains		0
Unallocated portfolio layer method fair value basis adjustments, Gross Unrealized Losses		(19)
Held to maturity securities
Amortized Cost	[1]	159,452	173,074
Gross Unrealized Gains		1,435	1,442
Gross Unrealized Losses		13,796	15,580
Fair Value		147,091	158,936
U.S. agency mortgage-backed securities
Available for sale securities
Amortized Cost		69,173	85,994
Gross Unrealized Gains		0	0
Gross Unrealized Losses		6,378	8,306
Total available for sale securities		62,795	77,688
Held to maturity securities
Amortized Cost		159,452	173,074
Gross Unrealized Gains		1,435	1,442
Gross Unrealized Losses		13,796	15,580
Fair Value		147,091	158,936
U.S. Treasury securities
Available for sale securities
Amortized Cost		22,459	41,879
Gross Unrealized Gains		1	0
Gross Unrealized Losses		989	1,877
Total available for sale securities		21,471	40,002
Corporate debt securities
Available for sale securities
Amortized Cost		13,344	13,830
Gross Unrealized Gains		0	0
Gross Unrealized Losses		860	1,275
Total available for sale securities		12,484	12,555
Asset-backed securities
Available for sale securities
Amortized Cost		9,465	13,672
Gross Unrealized Gains		0	0
Gross Unrealized Losses		378	649
Total available for sale securities		9,087	13,023
Foreign government agency securities
Available for sale securities
Amortized Cost		1,035	1,033
Gross Unrealized Gains		0	0
Gross Unrealized Losses		33	64
Total available for sale securities		1,002	969
U.S. state and municipal securities
Available for sale securities
Amortized Cost		634	713
Gross Unrealized Gains		0	0
Gross Unrealized Losses		55	75
Total available for sale securities		579	638
Non-agency commercial mortgage-backed securities
Available for sale securities
Amortized Cost		123	473
Gross Unrealized Gains		0	0
Gross Unrealized Losses		14	23
Total available for sale securities		109	450
Certificates of deposit
Available for sale securities
Amortized Cost		100	2,245
Gross Unrealized Gains		0	0
Gross Unrealized Losses		0	14
Total available for sale securities		100	2,231
Other
Available for sale securities
Amortized Cost		22	323
Gross Unrealized Gains		0	0
Gross Unrealized Losses		3	8
Total available for sale securities		$ 19	$ 315
Federal Family Education Loan Program Asset-Backed Securities | Asset-backed securities | Financial Instrument Concentration Risk
Held to maturity securities
Concentration risk percentage		61%	57%
Collateralized Credit Card Securities | Asset-backed securities | Financial Instrument Concentration Risk
Held to maturity securities
Concentration risk percentage		24%	18%
Corporate Debt Securities Issued By Financial Services Industry
Held to maturity securities
AFS securities percentage		36%	37%
Commercial paper | Cash and Cash Equivalents
Available for sale securities
Total available for sale securities		$ 0	$ 48
[1] Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information.

Investment Securities - Narrati

Investment Securities - Narrative (Details) - USD ($)		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Debt Securities, Available-for-sale [Line Items]
Remaining unamortized loss on securities transferred to held to maturity, net of tax		$ 11,500,000,000
Remaining unamortized loss on securities transferred to held to maturity, pretax		15,000,000,000
Held to maturity securities, assets pledged	[1]	159,452,000,000	$ 173,074,000,000
Available for sale securities, assets pledged	[1]	107,646,000,000	147,871,000,000
Available-for-sale, written down to fair value		0	0
Writedown to fair value		0	0
Available-for-sale, allowance for credit loss		0	0
Held-to-maturity securities, allowance for credit loss		0	0
Accrued interest receivable		565,000,000	685,000,000
Write-off of accrued interest receivable on available for sale and held to maturity securities		$ 0
Estimated effective duration of available for sale and held to maturity investment securities portfolio		4 years
Estimated effective duration of available for sale investment securities portfolio		2 years 6 months
Impact of derivative instruments on estimated effective duration for available for sale and held to maturity investment securities portfolio		3 years 10 months 24 days
Impact of derivative instruments on estimated effective duration for available for sale investment securities portfolio		2 years 2 months 12 days
Federal Home Loan Bank Advances
Debt Securities, Available-for-sale [Line Items]
Fair value of pledged securities		$ 70,100,000,000
Federal Reserve Bank Advances
Debt Securities, Available-for-sale [Line Items]
Fair value of pledged securities		6,200,000,000
Federal Reserve Bank Term Funding Program (BTFP)
Debt Securities, Available-for-sale [Line Items]
Fair value of pledged securities		39,200,000,000
Asset Pledged as Collateral
Debt Securities, Available-for-sale [Line Items]
Held to maturity securities, assets pledged		3,703,000,000	4,522,000,000
Available for sale securities, assets pledged	[1]	1,733,000,000	41,000,000
Asset Pledged as Collateral | Interest rate swaps
Debt Securities, Available-for-sale [Line Items]
Available for sale securities, assets pledged		195,000,000
U.S. agency mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Transfers of available for sale securities to held to maturity			188,600,000,000
Pretax unrealized loss from transfers of available for sale securities to held to maturity			18,200,000,000
Held to maturity securities, assets pledged		159,452,000,000	173,074,000,000
Available for sale securities, assets pledged		62,795,000,000	$ 77,688,000,000
U.S. agency mortgage-backed securities | Asset Pledged as Collateral | Securities Sold under Agreements to Repurchase
Debt Securities, Available-for-sale [Line Items]
Held to maturity securities, assets pledged		3,700,000,000
Available for sale securities, assets pledged		1,500,000,000
Deposits
Debt Securities, Available-for-sale [Line Items]
Fair value of pledged securities		$ 1,600,000,000
[1] Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information.

Investment Securities - Availab

Investment Securities - Available For Sale with Unrealized Losses, Aggregated by Category and Period of Continuous Unrealized Loss (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Available for sale securities
Less than 12 months Fair Value	$ 30,000	$ 81,299,000
Less than 12 months Unrealized Losses	0	3,622,000
12 months or longer Fair Value	105,495,000	65,941,000
12 months or longer Unrealized Losses	8,710,000	8,669,000
Total Fair Value	105,525,000	147,240,000
Total Unrealized Losses	8,710,000	12,291,000
Portfolio layer method fair value hedge basis adjustments, excluded from unrealized losses on available for sale securities	19,000
U.S. agency mortgage-backed securities
Available for sale securities
Less than 12 months Fair Value	1,000	34,938,000
Less than 12 months Unrealized Losses	0	2,025,000
12 months or longer Fair Value	62,794,000	42,558,000
12 months or longer Unrealized Losses	6,378,000	6,281,000
Total Fair Value	62,795,000	77,496,000
Total Unrealized Losses	6,378,000	8,306,000
Less than 12 months unrealized losses less than stated amount	500
U.S. Treasury securities
Available for sale securities
Less than 12 months Fair Value	0	27,063,000
Less than 12 months Unrealized Losses	0	716,000
12 months or longer Fair Value	19,450,000	12,519,000
12 months or longer Unrealized Losses	989,000	1,161,000
Total Fair Value	19,450,000	39,582,000
Total Unrealized Losses	989,000	1,877,000
Corporate debt securities
Available for sale securities
Less than 12 months Fair Value	0	8,552,000
Less than 12 months Unrealized Losses	0	542,000
12 months or longer Fair Value	12,484,000	3,998,000
12 months or longer Unrealized Losses	860,000	733,000
Total Fair Value	12,484,000	12,550,000
Total Unrealized Losses	860,000	1,275,000
Asset-backed securities
Available for sale securities
Less than 12 months Fair Value	29,000	6,717,000
Less than 12 months Unrealized Losses	0	217,000
12 months or longer Fair Value	9,058,000	6,299,000
12 months or longer Unrealized Losses	378,000	432,000
Total Fair Value	9,087,000	13,016,000
Total Unrealized Losses	378,000	649,000
Less than 12 months unrealized losses less than stated amount	500
Certificates of deposit
Available for sale securities
Less than 12 months Fair Value		2,033,000
Less than 12 months Unrealized Losses		10,000
12 months or longer Fair Value		196,000
12 months or longer Unrealized Losses		4,000
Total Fair Value		2,229,000
Total Unrealized Losses		14,000
Foreign government agency securities
Available for sale securities
Less than 12 months Fair Value	0	756,000
Less than 12 months Unrealized Losses	0	50,000
12 months or longer Fair Value	1,002,000	214,000
12 months or longer Unrealized Losses	33,000	14,000
Total Fair Value	1,002,000	970,000
Total Unrealized Losses	33,000	64,000
U.S. state and municipal securities
Available for sale securities
Less than 12 months Fair Value	0	482,000
Less than 12 months Unrealized Losses	0	31,000
12 months or longer Fair Value	579,000	157,000
12 months or longer Unrealized Losses	55,000	44,000
Total Fair Value	579,000	639,000
Total Unrealized Losses	55,000	75,000
Non-agency commercial mortgage-backed securities
Available for sale securities
Less than 12 months Fair Value	0	443,000
Less than 12 months Unrealized Losses	0	23,000
12 months or longer Fair Value	109,000	0
12 months or longer Unrealized Losses	14,000	0
Total Fair Value	109,000	443,000
Total Unrealized Losses	14,000	23,000
Other
Available for sale securities
Less than 12 months Fair Value	0	315,000
Less than 12 months Unrealized Losses	0	8,000
12 months or longer Fair Value	19,000	0
12 months or longer Unrealized Losses	3,000	0
Total Fair Value	19,000	315,000
Total Unrealized Losses	$ 3,000	$ 8,000

Investment Securities - Maturit

Investment Securities - Maturities of Securities Available for Sale and Held to Maturity (Details) - USD ($) $ in Millions		Dec. 31, 2023	Dec. 31, 2022
Available for sale securities, fair value
Within 1 year		$ 13,243
After 1 year through 5 years		34,782
After 5 years through 10 years		13,806
After 10 years		45,815
Fair Value	[1]	107,646	$ 147,871
Available for sale securities, amortized cost
Within 1 year		13,427
After 1 year through 5 years		36,943
After 5 years through 10 years		15,345
After 10 years		50,640
Amortized Cost		$ 116,355
Weighted-average yield
Within 1 year		1.82%
After 1 year through 5 years		1.84%
After 1 year through 5 years		1.87%
After 10 years		2.62%
Total		2.18%
Held to maturity securities, fair value
Within 1 year		$ 1,217
After 1 year through 5 years		7,765
After 5 years through 10 years		37,584
After 10 years		100,525
Fair Value		147,091	158,936
Held to maturity securities, amortized cost
Within 1 year		1,248
After 1 year through 5 years		8,198
After 5 years through 10 years		40,139
After 10 years		109,867
Amortized Cost		$ 159,452
Weighted-average yield
Within 1 year		2.61%
After 1 year through 5 years		1.98%
After 5 years through 10 years		1.76%
After 10 years		1.73%
Total		1.75%
Portfolio layer method fair value hedge basis adjustments, excluded from amortized cost of available for sale securities		$ 19
U.S. agency mortgage-backed securities
Available for sale securities, fair value
Within 1 year		798
After 1 year through 5 years		11,126
After 5 years through 10 years		10,650
After 10 years		40,221
Fair Value		62,795	77,688
Held to maturity securities, fair value
Within 1 year		1,217
After 1 year through 5 years		7,765
After 5 years through 10 years		37,584
After 10 years		100,525
Fair Value		147,091	158,936
U.S. Treasury securities
Available for sale securities, fair value
Within 1 year		9,142
After 1 year through 5 years		12,329
After 5 years through 10 years		0
After 10 years		0
Fair Value		21,471	40,002
Corporate debt securities
Available for sale securities, fair value
Within 1 year		2,708
After 1 year through 5 years		8,306
After 5 years through 10 years		1,470
After 10 years		0
Fair Value		12,484	12,555
Asset-backed securities
Available for sale securities, fair value
Within 1 year		0
After 1 year through 5 years		2,443
After 5 years through 10 years		1,290
After 10 years		5,354
Fair Value		9,087	13,023
Foreign government agency securities
Available for sale securities, fair value
Within 1 year		495
After 1 year through 5 years		507
After 5 years through 10 years		0
After 10 years		0
Fair Value		1,002	969
U.S. state and municipal securities
Available for sale securities, fair value
Within 1 year		0
After 1 year through 5 years		71
After 5 years through 10 years		396
After 10 years		112
Fair Value		579	638
Non-agency commercial mortgage-backed securities
Available for sale securities, fair value
Within 1 year		0
After 1 year through 5 years		0
After 5 years through 10 years		0
After 10 years		109
Fair Value		109	450
Certificates of deposit
Available for sale securities, fair value
Within 1 year		100
After 1 year through 5 years		0
After 5 years through 10 years		0
After 10 years		0
Fair Value		100	2,231
Other
Available for sale securities, fair value
Within 1 year		0
After 1 year through 5 years		0
After 5 years through 10 years		0
After 10 years		19
Fair Value		$ 19	$ 315
[1] Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information.

Investment Securities - Proceed

Investment Securities - Proceeds and Gross Realized Gains and Losses from Sales of Securities Available for Sale (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Proceeds	[1]	$ 8,465	$ 24,704	$ 13,306
Gross realized gains		1	157	40
Gross realized losses		$ 62	$ 166	$ 36
[1] Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information.

Bank Loans and Related Allowa_3

Bank Loans and Related Allowance for Credit Losses - Composition of Bank Loans and Delinquency Analysis by Loan Segment (Details) - USD ($)		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Past Due [Line Items]
Total loans		$ 40,477,000,000	$ 40,578,000,000
Allowance for credit losses		38,000,000	73,000,000	$ 18,000,000	$ 30,000,000
Total bank loans – net	[1]	40,439,000,000	40,505,000,000
Loans accruing interest contractually 90 days or more past due		0	0
Current
Financing Receivable, Past Due [Line Items]
Total loans		40,414,000,000	40,522,000,000
Total past due and other nonaccrual loans
Financing Receivable, Past Due [Line Items]
Total loans		63,000,000	56,000,000
30-59 days past due
Financing Receivable, Past Due [Line Items]
Total loans		45,000,000	31,000,000
60-89 days past due
Financing Receivable, Past Due [Line Items]
Total loans		3,000,000	2,000,000
>90 days past due and other nonaccrual loans
Financing Receivable, Past Due [Line Items]
Total loans		15,000,000	23,000,000
Residential real estate
Financing Receivable, Past Due [Line Items]
Total loans		26,632,000,000	25,795,000,000
Allowance for credit losses		34,000,000	70,000,000	15,000,000	27,000,000
Total bank loans – net		26,598,000,000	25,725,000,000
Unamortized premiums and discounts and direct origination costs		$ 100,000,000	$ 98,000,000
Residential real estate | Loans Geographic Area | California | Geographic Concentration Risk
Financing Receivable, Past Due [Line Items]
Concentration risk percentage		43%	43%
Residential real estate | Current
Financing Receivable, Past Due [Line Items]
Total loans		$ 26,584,000,000	$ 25,747,000,000
Residential real estate | Total past due and other nonaccrual loans
Financing Receivable, Past Due [Line Items]
Total loans		48,000,000	48,000,000
Residential real estate | 30-59 days past due
Financing Receivable, Past Due [Line Items]
Total loans		34,000,000	27,000,000
Residential real estate | 60-89 days past due
Financing Receivable, Past Due [Line Items]
Total loans		3,000,000	2,000,000
Residential real estate | >90 days past due and other nonaccrual loans
Financing Receivable, Past Due [Line Items]
Total loans		11,000,000	19,000,000
Pledged asset lines
Financing Receivable, Past Due [Line Items]
Total loans		13,548,000,000	14,592,000,000
Allowance for credit losses		0	0	0	0
Total bank loans – net		13,548,000,000	14,592,000,000
Pledged asset lines | Current
Financing Receivable, Past Due [Line Items]
Total loans		13,533,000,000	14,584,000,000
Pledged asset lines | Total past due and other nonaccrual loans
Financing Receivable, Past Due [Line Items]
Total loans		15,000,000	8,000,000
Pledged asset lines | 30-59 days past due
Financing Receivable, Past Due [Line Items]
Total loans		11,000,000	4,000,000
Pledged asset lines | 60-89 days past due
Financing Receivable, Past Due [Line Items]
Total loans		0	0
Pledged asset lines | >90 days past due and other nonaccrual loans
Financing Receivable, Past Due [Line Items]
Total loans		4,000,000	4,000,000
Other
Financing Receivable, Past Due [Line Items]
Total loans		297,000,000	191,000,000
Allowance for credit losses		4,000,000	3,000,000	3,000,000	3,000,000
Total bank loans – net		293,000,000	188,000,000
Other | Current
Financing Receivable, Past Due [Line Items]
Total loans		297,000,000	191,000,000
Other | Total past due and other nonaccrual loans
Financing Receivable, Past Due [Line Items]
Total loans		0	0
Other | 30-59 days past due
Financing Receivable, Past Due [Line Items]
Total loans		0	0
Other | 60-89 days past due
Financing Receivable, Past Due [Line Items]
Total loans		0	0
Other | >90 days past due and other nonaccrual loans
Financing Receivable, Past Due [Line Items]
Total loans		0	0
First Mortgages
Financing Receivable, Past Due [Line Items]
Total loans		26,153,000,000	25,198,000,000
First Mortgages | Residential real estate
Financing Receivable, Past Due [Line Items]
Total loans		26,153,000,000	25,198,000,000
Allowance for credit losses		32,000,000	66,000,000	13,000,000	22,000,000
Total bank loans – net		26,121,000,000	25,132,000,000
First Mortgages | Residential real estate | Current
Financing Receivable, Past Due [Line Items]
Total loans		26,111,000,000	25,157,000,000
First Mortgages | Residential real estate | Total past due and other nonaccrual loans
Financing Receivable, Past Due [Line Items]
Total loans		42,000,000	41,000,000
First Mortgages | Residential real estate | 30-59 days past due
Financing Receivable, Past Due [Line Items]
Total loans		33,000,000	25,000,000
First Mortgages | Residential real estate | 60-89 days past due
Financing Receivable, Past Due [Line Items]
Total loans		2,000,000	2,000,000
First Mortgages | Residential real estate | >90 days past due and other nonaccrual loans
Financing Receivable, Past Due [Line Items]
Total loans		7,000,000	14,000,000
HELOCs
Financing Receivable, Past Due [Line Items]
Total loans		479,000,000	597,000,000
HELOCs | Residential real estate
Financing Receivable, Past Due [Line Items]
Total loans		479,000,000	597,000,000
Allowance for credit losses		2,000,000	4,000,000	$ 2,000,000	$ 5,000,000
Total bank loans – net		477,000,000	593,000,000
HELOCs | Residential real estate | Current
Financing Receivable, Past Due [Line Items]
Total loans		473,000,000	590,000,000
HELOCs | Residential real estate | Total past due and other nonaccrual loans
Financing Receivable, Past Due [Line Items]
Total loans		6,000,000	7,000,000
HELOCs | Residential real estate | 30-59 days past due
Financing Receivable, Past Due [Line Items]
Total loans		1,000,000	2,000,000
HELOCs | Residential real estate | 60-89 days past due
Financing Receivable, Past Due [Line Items]
Total loans		1,000,000	0
HELOCs | Residential real estate | >90 days past due and other nonaccrual loans
Financing Receivable, Past Due [Line Items]
Total loans		$ 4,000,000	$ 5,000,000
[1] Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information.

Bank Loans and Related Allowa_4

Bank Loans and Related Allowance for Credit Losses - Changes in Allowance for Credit Losses (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	$ 73	$ 18	$ 30
Charge-offs	0	(4)	(1)
Recoveries	0	1	1
Provision for loan losses	(35)	58	(12)
Balance at end of period	38	73	18
Residential real estate
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	70	15	27
Charge-offs	0	0	0
Recoveries	0	1	1
Provision for loan losses	(36)	54	(13)
Balance at end of period	34	70	15
Pledged asset lines
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	0	0	0
Charge-offs	0	(4)	0
Recoveries	0	0	0
Provision for loan losses	0	4	0
Balance at end of period	0	0	0
Other
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	3	3	3
Charge-offs	0	0	(1)
Recoveries	0	0	0
Provision for loan losses	1	0	1
Balance at end of period	4	3	3
First Mortgages | Residential real estate
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	66	13	22
Charge-offs	0	0	0
Recoveries	0	0	0
Provision for loan losses	(34)	53	(9)
Balance at end of period	32	66	13
HELOCs | Residential real estate
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	4	2	5
Charge-offs	0	0	0
Recoveries	0	1	1
Provision for loan losses	(2)	1	(4)
Balance at end of period	$ 2	$ 4	$ 2

Bank Loans and Related Allowa_5

Bank Loans and Related Allowance for Credit Losses - Nonperforming Assets and Troubled Debt Restructuring (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Receivables [Abstract]
Nonaccrual loans	$ 15	$ 23
Other real estate owned	0	2
Total nonperforming assets	$ 15	$ 25

Bank Loans and Related Allowa_6

Bank Loans and Related Allowance for Credit Losses - Credit Quality Indicators of Bank Loan Portfolio (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	$ 40,477	$ 40,578
Gross charge-offs
Total loans	0	4	$ 1
Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	26,632	25,795
Gross charge-offs
Total loans	0	0	0
First Mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
2023	2,694
2022	6,069	6,444
2021	11,630	12,293
2020	3,974	4,270
2019	851	929
pre-2019	935	1,262
Total loans	$ 26,153	$ 25,198
Percent of Loans on Nonaccrual Status
2023	0.01%
2022	0.02%	0.02%
2021	0.01%	0.03%
2020	0.01%	0.09%
2019	0.01%	0.02%
pre-2019	0.36%	0.43%
Total loans	0.03%	0.06%
First Mortgages | Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	$ 26,153	$ 25,198
Gross charge-offs
2023	0
2022	0
2021	0
2020	0
2019	0
pre-2019	0
Total loans	0	0	0
First Mortgages | Financial Asset Originated
Financing Receivable, Credit Quality Indicator [Line Items]
2023	2,694
2022	6,069	6,444
2021	11,630	12,293
2020	3,974	4,270
2019	851	929
pre-2019	935	1,262
Total loans	26,153	25,198
First Mortgages | Origination Loan To Value Ratio 70% and Below | Financial Asset Originated
Financing Receivable, Credit Quality Indicator [Line Items]
2023	1,818
2022	4,492	4,771
2021	10,078	10,641
2020	3,306	3,549
2019	687	749
pre-2019	695	940
Total loans	21,076	20,650
First Mortgages | Origination Loan to Value Ratio Greater Than 70% Through 90% | Financial Asset Originated
Financing Receivable, Credit Quality Indicator [Line Items]
2023	876
2022	1,577	1,673
2021	1,552	1,652
2020	668	721
2019	164	180
pre-2019	238	320
Total loans	5,075	4,546
First Mortgages | Origination Loan to Value Ratio Greater Than 90% Through 100% | Financial Asset Originated
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0
2022	0	0
2021	0	0
2020	0	0
2019	0	0
pre-2019	2	2
Total loans	2	2
First Mortgages | Estimated Current LTV 70% and Below
Financing Receivable, Credit Quality Indicator [Line Items]
2023	1,853
2022	4,855	4,574
2021	11,341	11,751
2020	3,960	4,255
2019	850	928
pre-2019	931	1,257
Total loans	23,790	22,765
First Mortgages | Estimated Current LTV Greater Than 70% through 90%
Financing Receivable, Credit Quality Indicator [Line Items]
2023	841
2022	1,185	1,845
2021	289	542
2020	14	15
2019	1	1
pre-2019	4	5
Total loans	2,334	2,408
First Mortgages | Estimated Current LTV Greater Than 90% through 100%
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0
2022	28	25
2021	0	0
2020	0	0
2019	0	0
pre-2019	0	0
Total loans	28	25
First Mortgages | Estimated Current LTV Greater Than 100%
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0
2022	1	0
2021	0	0
2020	0	0
2019	0	0
pre-2019	0	0
Total loans	1	0
First Mortgages | Origination FICO Score Below 620 | Financial Asset Originated
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0
2022	2	3
2021	1	1
2020	1	0
2019	0	0
pre-2019	1	1
Total loans	5	5
First Mortgages | Origination FICO Score 620 Through 679 | Financial Asset Originated
Financing Receivable, Credit Quality Indicator [Line Items]
2023	4
2022	27	28
2021	30	31
2020	20	21
2019	2	2
pre-2019	13	15
Total loans	96	97
First Mortgages | Origination FICO Score 680 Through 739 | Financial Asset Originated
Financing Receivable, Credit Quality Indicator [Line Items]
2023	299
2022	782	820
2021	1,160	1,224
2020	395	430
2019	106	116
pre-2019	188	243
Total loans	2,930	2,833
First Mortgages | Origination FICO Score 740 and Above | Financial Asset Originated
Financing Receivable, Credit Quality Indicator [Line Items]
2023	2,391
2022	5,258	5,593
2021	10,439	11,037
2020	3,558	3,819
2019	743	811
pre-2019	733	1,003
Total loans	23,122	22,263
First Mortgages | Updated FICO Score Below 620
Financing Receivable, Credit Quality Indicator [Line Items]
2023	4
2022	15	11
2021	19	12
2020	8	7
2019	2	2
pre-2019	15	13
Total loans	63	45
First Mortgages | Updated FICO Score 620 Through 679
Financing Receivable, Credit Quality Indicator [Line Items]
2023	46
2022	77	87
2021	87	127
2020	38	42
2019	11	10
pre-2019	39	43
Total loans	298	309
First Mortgages | Updated FICO Score 680 Through 739
Financing Receivable, Credit Quality Indicator [Line Items]
2023	265
2022	575	711
2021	984	1,079
2020	316	378
2019	61	89
pre-2019	108	161
Total loans	2,309	2,418
First Mortgages | Updated FICO Score 740 And Above
Financing Receivable, Credit Quality Indicator [Line Items]
2023	2,379
2022	5,402	5,635
2021	10,540	11,075
2020	3,612	3,843
2019	777	828
pre-2019	773	1,045
Total loans	23,483	22,426
HELOCs
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	479	597
Revolving HELOCs amortized cost basis	311	382
HELOCs converted to term loans	$ 168	$ 215
Percent of Loans on Nonaccrual Status
Total loans	0.84%	0.84%
Revolving HELOCs amortized cost basis	0.07%	0.34%
HELOCs converted to term loans	2.40%	1.90%
HELOCs | Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	$ 479	$ 597
Gross charge-offs
Total loans	0	0	$ 0
Revolving HELOCs amortized cost basis	0
HELOCs converted to term loans	0
HELOCs | Financial Asset Originated
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	479	597
Revolving HELOCs amortized cost basis	311	382
HELOCs converted to term loans	168	215
HELOCs | Origination Loan To Value Ratio 70% and Below | Financial Asset Originated
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	396	485
Revolving HELOCs amortized cost basis	279	332
HELOCs converted to term loans	117	153
HELOCs | Origination Loan to Value Ratio Greater Than 70% Through 90% | Financial Asset Originated
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	82	111
Revolving HELOCs amortized cost basis	32	50
HELOCs converted to term loans	50	61
HELOCs | Origination Loan to Value Ratio Greater Than 90% Through 100% | Financial Asset Originated
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	1	1
Revolving HELOCs amortized cost basis	0	0
HELOCs converted to term loans	1	1
HELOCs | Estimated Current LTV 70% and Below
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	475	594
Revolving HELOCs amortized cost basis	308	380
HELOCs converted to term loans	167	214
HELOCs | Estimated Current LTV Greater Than 70% through 90%
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	4	3
Revolving HELOCs amortized cost basis	3	2
HELOCs converted to term loans	1	1
HELOCs | Estimated Current LTV Greater Than 90% through 100%
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	0	0
Revolving HELOCs amortized cost basis	0	0
HELOCs converted to term loans	0	0
HELOCs | Estimated Current LTV Greater Than 100%
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	0	0
Revolving HELOCs amortized cost basis	0	0
HELOCs converted to term loans	0	0
HELOCs | Origination FICO Score Below 620 | Financial Asset Originated
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	0	0
Revolving HELOCs amortized cost basis	0	0
HELOCs converted to term loans	0	0
HELOCs | Origination FICO Score 620 Through 679 | Financial Asset Originated
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	1	2
Revolving HELOCs amortized cost basis	0	0
HELOCs converted to term loans	1	2
HELOCs | Origination FICO Score 680 Through 739 | Financial Asset Originated
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	88	106
Revolving HELOCs amortized cost basis	50	59
HELOCs converted to term loans	38	47
HELOCs | Origination FICO Score 740 and Above | Financial Asset Originated
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	390	489
Revolving HELOCs amortized cost basis	261	323
HELOCs converted to term loans	129	166
HELOCs | Updated FICO Score Below 620
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	7	7
Revolving HELOCs amortized cost basis	2	2
HELOCs converted to term loans	5	5
HELOCs | Updated FICO Score 620 Through 679
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	16	16
Revolving HELOCs amortized cost basis	6	6
HELOCs converted to term loans	10	10
HELOCs | Updated FICO Score 680 Through 739
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	74	87
Revolving HELOCs amortized cost basis	48	52
HELOCs converted to term loans	26	35
HELOCs | Updated FICO Score 740 And Above
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	382	487
Revolving HELOCs amortized cost basis	255	322
HELOCs converted to term loans	$ 127	$ 165

Bank Loans and Related Allowa_7

Bank Loans and Related Allowance for Credit Losses - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accrued interest	$ 157	$ 134
Total bank loans	40,477	40,578
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total bank loans	26,632	25,795
First Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total bank loans	26,153	25,198
First Mortgages | Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Bank loans	$ 21,500
Percent of loans with interest-only payments	27%
Percent of interest only adjustable rate	86%
Total bank loans	$ 26,153	25,198
First Mortgages | Minimum | Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fixed rate interest rate period	3 years
Interest-only reset period	3 years
First Mortgages | Maximum | Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fixed rate interest rate period	10 years
HELOCs
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total bank loans	$ 479	597
HELOCs | Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan term	30 years
Initial draw period	10 years
Converting to amortizing loan period	20 years
Total bank loans	$ 479	$ 597
Percent of loan balance outstanding, borrowers paid only minimum due	60%
Home Equity Secured By Second Liens | Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total bank loans	$ 379

Bank Loans and Related Allowa_8

Bank Loans and Related Allowance for Credit Losses - Convert to Amortizing Loans (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 40,477	$ 40,578
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	26,632	25,795
HELOCs
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	479	597
HELOCs | Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Converted to an amortizing loan by period end	168
Within 1 year	18
> 1 year – 3 years	41
> 3 years – 5 years	47
> 5 years	205
Total loans	479	$ 597
Converted to amortizing loans during the period	$ 21

Equipment, Office Facilities,_3

Equipment, Office Facilities, and Property - Schedule of Equipment, Office Facilities, and Property (Details) - USD ($) $ in Millions		Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Total equipment, office facilities, and property		$ 7,446	$ 6,947
Accumulated depreciation and amortization		(3,756)	(3,233)
Total equipment, office facilities, and property — net	[1]	3,690	3,714
Software
Property, Plant and Equipment [Line Items]
Total equipment, office facilities, and property		3,375	2,940
Buildings
Property, Plant and Equipment [Line Items]
Total equipment, office facilities, and property		1,720	1,693
Information technology and telecommunications equipment
Property, Plant and Equipment [Line Items]
Total equipment, office facilities, and property		1,133	1,008
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total equipment, office facilities, and property		411	472
Land
Property, Plant and Equipment [Line Items]
Total equipment, office facilities, and property		214	209
Construction in progress
Property, Plant and Equipment [Line Items]
Total equipment, office facilities, and property		213	274
Other
Property, Plant and Equipment [Line Items]
Total equipment, office facilities, and property		$ 380	$ 351
[1] Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information.

Equipment, Office Facilities,_4

Equipment, Office Facilities, and Property - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)
Property, Plant and Equipment [Abstract]
Impairment losses on fixed assets	$ 47
Impairment, Long-Lived Asset, Held-for-Use, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other

Goodwill and Acquired Intangi_3

Goodwill and Acquired Intangible Assets - Changes in Carrying Amount of Goodwill as Allocated to Reportable Segments (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2023		Dec. 31, 2022
Goodwill [Roll Forward]
Beginning balance		$ 11,951	[1]	$ 11,952
Goodwill acquired and other changes during the period		0		(1)
Ending balance	[1]	11,951		11,951
Investor Services
Goodwill [Roll Forward]
Beginning balance		7,969		7,970
Goodwill acquired and other changes during the period		0		(1)
Ending balance		7,969		7,969
Advisor Services
Goodwill [Roll Forward]
Beginning balance		3,982		3,982
Goodwill acquired and other changes during the period		0		0
Ending balance		$ 3,982		$ 3,982
[1] Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information.

Goodwill and Acquired Intangi_4

Goodwill and Acquired Intangible Assets - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill impairment	$ 0	$ 0	$ 0

Goodwill and Acquired Intangi_5

Goodwill and Acquired Intangible Assets - Acquired Intangible Assets (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value		$ 10,510	$ 10,504
Accumulated Amortization		(2,250)	(1,715)
Net Carrying Value	[1]	8,260	8,789
Goodwill acquired and other changes during the period		0	(1)
Client relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value		10,088	10,085
Accumulated Amortization		(1,933)	(1,422)
Net Carrying Value		8,155	8,663
Technology
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value		299	299
Accumulated Amortization		(284)	(261)
Net Carrying Value		15	38
Trade names
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value		123	120
Accumulated Amortization		(33)	(32)
Net Carrying Value		$ 90	$ 88
[1] Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information.

Goodwill and Acquired Intangi_6

Goodwill and Acquired Intangible Assets - Estimated Future Annual Amortization Expense for Acquired Intangible Assets (Details) $ in Millions	Dec. 31, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2024	$ 519
2025	512
2026	508
2027	508
2028	507
Thereafter	5,618
Total	8,172
Indefinite-lived intangible assets	$ 88

Other Assets - Components of Ot

Other Assets - Components of Other Assets (Details) - USD ($) $ in Millions		Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Deferred tax assets — net		$ 4,300	$ 5,370
Other investments		3,155	2,130
Receivables — interest, dividends, and other		2,538	1,919
Other securities owned at fair value		1,913	1,432
Other receivables from brokers, dealers, and clearing organizations		1,764	2,171
Securities borrowed		1,563	705
Operating lease ROU assets		630	894
Customer contract receivables		599	560
Capitalized contract costs		416	379
Contract assets — net		239	0
Other		783	539
Total other assets	[1]	17,900	16,099
Federal Reserve stock		468	345
Federal Home Loan Bank Advances
Debt Instrument [Line Items]
FHLB stock		$ 1,100	$ 528
[1] Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information.

Other Assets - Narrative (Detai

Other Assets - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Amortization expense related to capitalized contract costs	$ 85	$ 77	$ 69

Variable Interest Entities - Na

Variable Interest Entities - Narrative (Details) - Variable Interest Entity, Not Primary Beneficiary - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Variable Interest Entity [Line Items]
Amortization	$ 119	$ 96	$ 71
Tax credits and other tax benefits	$ 153	$ 121	$ 90

Variable Interest Entities - Ag

Variable Interest Entities - Aggregate Assets, Liabilities and Maximum Exposure to Loss from VIEs which Variable Interest is Held but not the Primary Beneficiary (Details) - USD ($) $ in Millions		Dec. 31, 2023	Dec. 31, 2022
Variable Interest Entity [Line Items]
Aggregate assets	[1]	$ 493,178	$ 551,772
Aggregate liabilities	[1]	452,220	515,164
Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Aggregate assets		1,586	1,261
Aggregate liabilities		759	619
Maximum exposure to loss		1,638	1,309
Variable Interest Entity, Not Primary Beneficiary | LIHTC investments
Variable Interest Entity [Line Items]
Aggregate assets		1,407	1,094
Aggregate liabilities		759	619
Maximum exposure to loss		1,407	1,094
Variable Interest Entity, Not Primary Beneficiary | Other investments
Variable Interest Entity [Line Items]
Aggregate assets		179	167
Aggregate liabilities		0	0
Maximum exposure to loss		$ 231	$ 215
[1] Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information.

Bank Deposits - Deposits from B

Bank Deposits - Deposits from Banking Clients Consisting of Interest Bearing and Noninterest Bearing Deposits (Details) - USD ($)		Dec. 31, 2023	Dec. 31, 2022
Interest-bearing deposits:
Deposits swept from brokerage accounts		$ 220,274,000,000	$ 333,754,000,000
Time certificates of deposit		48,297,000,000	6,047,000,000
Checking		15,691,000,000	19,719,000,000
Savings and other		4,461,000,000	6,098,000,000
Total interest-bearing deposits		288,723,000,000	365,618,000,000
Non-interest-bearing deposits		1,230,000,000	1,106,000,000
Total bank deposits	[1]	$ 289,953,000,000	$ 366,724,000,000
Weighted-average interest rates on outstanding time certificates of deposit		5.15%	4.75%
Uninsured time CDs and time deposits in excess of FDIC insurance limits		$ 0	$ 0
[1] Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information.

Bank Deposits - Annual Maturiti

Bank Deposits - Annual Maturities on Time Certificates of Deposit Outstanding (Details) $ in Millions	Dec. 31, 2023 USD ($)
Deposit Liabilities [Abstract]
2024	$ 46,659
2025	1,638
Total	$ 48,297

Borrowings - Narrative (Details

Borrowings - Narrative (Details)		12 Months Ended
		Dec. 31, 2023 USD ($) debt_instrument	Dec. 31, 2021 USD ($)	Dec. 31, 2022 USD ($)
Line of Credit Facility [Line Items]
Debt outstanding		$ 26,128,000,000		$ 20,828,000,000
Other short-term borrowings	[1]	$ 6,553,000,000		$ 4,650,000,000
Weighted-average interest rate of short-term borrowings		5.57%		4.97%
Capacity of allowable commercial paper note issuance		$ 5,000,000,000
Commercial paper		0		$ 250,000,000
Secured Uncommitted Lines Of Credit
Line of Credit Facility [Line Items]
Other short-term borrowings		1,650,000,000
Senior Notes | TD Ameritrade Holding
Line of Credit Facility [Line Items]
Aggregate principal amount of debt			$ 2,000,000,000
Percentage of debt principal exchanged			90%
TD Ameritrade Holding | Senior Notes
Line of Credit Facility [Line Items]
Aggregate principal amount of debt			$ 2,200,000,000
Debt outstanding		$ 213,000,000
Number of debt instruments | debt_instrument		4
Secured Debt | Federal Home Loan Bank Advances
Line of Credit Facility [Line Items]
Borrowings outstanding		$ 26,400,000,000		$ 12,400,000,000
Weighted average interest rate		5.34%		4.88%
Line of credit facility, current borrowing capacity		$ 63,100,000,000		$ 68,600,000,000
Line of Credit | Uncommitted Lines Of Credit With External Banks
Line of Credit Facility [Line Items]
Other short-term borrowings		0		0
Total borrowing capacity		1,800,000,000
Line of Credit | Secured Uncommitted Lines Of Credit
Line of Credit Facility [Line Items]
Other short-term borrowings		950,000,000		0
Line of Credit | TD Ameritrade Clearing Inc
Line of Credit Facility [Line Items]
Other short-term borrowings		$ 700,000,000		0
Commercial paper | Maximum
Line of Credit Facility [Line Items]
Maturity term		270 days
Federal Reserve Bank Advances
Line of Credit Facility [Line Items]
Other short-term borrowings		$ 0		0
Total borrowing capacity		6,200,000,000		7,800,000,000
Federal Reserve Bank Term Funding Program (BTFP)
Line of Credit Facility [Line Items]
Other short-term borrowings		0
Total borrowing capacity		39,200,000,000
Repurchase agreements
Line of Credit Facility [Line Items]
Other short-term borrowings		$ 4,900,000,000		$ 4,400,000,000
[1] Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information.

Borrowings - Long-term Debt Inc

Borrowings - Long-term Debt Including Unamortized Debt Discounts and Premiums (Details) - USD ($) $ in Millions					12 Months Ended
	Aug. 24, 2033	May 19, 2033	Nov. 17, 2028	May 19, 2028	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Finance lease liabilities					$ 85	$ 68
Unamortized premium — net					87	129
Debt issuance costs					(119)	(94)
Total long-term debt					26,128	20,828
Senior Notes
Debt Instrument [Line Items]
Senior notes					25,862	20,512
Senior Notes | TD Ameritrade Holding
Debt Instrument [Line Items]
Senior notes					$ 213	213
Senior Notes | 2.650% due January 25, 2023
Debt Instrument [Line Items]
Fixed interest rate					2.65%
Senior notes					$ 0	800
Senior Notes | 3.550% due February 1, 2024
Debt Instrument [Line Items]
Fixed interest rate					3.55%
Senior notes					$ 500	500
Senior Notes | 0.750% due March 18, 2024
Debt Instrument [Line Items]
Fixed interest rate					0.75%
Senior notes					$ 1,500	1,500
Senior Notes | 3.750% due April 1, 2024
Debt Instrument [Line Items]
Fixed interest rate					3.75%
Senior notes					$ 350	350
Senior Notes | 3.750% due April 1, 2024 | TD Ameritrade Holding
Debt Instrument [Line Items]
Fixed interest rate					3.75%
Senior notes					$ 50	50
Senior Notes | 3.000% due March 10, 2025
Debt Instrument [Line Items]
Fixed interest rate					3%
Senior notes					$ 375	375
Senior Notes | 4.200% due March 24, 2025
Debt Instrument [Line Items]
Fixed interest rate					4.20%
Senior notes					$ 600	600
Senior Notes | 3.625% due April 1, 2025
Debt Instrument [Line Items]
Fixed interest rate					3.625%
Senior notes					$ 418	418
Senior Notes | 3.625% due April 1, 2025 | TD Ameritrade Holding
Debt Instrument [Line Items]
Fixed interest rate					3.625%
Senior notes					$ 82	82
Senior Notes | 3.850% due May 21, 2025
Debt Instrument [Line Items]
Fixed interest rate					3.85%
Senior notes					$ 750	750
Senior Notes | 3.450% due February 13, 2026
Debt Instrument [Line Items]
Fixed interest rate					3.45%
Senior notes					$ 350	350
Senior Notes | 0.900% due March 11, 2026
Debt Instrument [Line Items]
Fixed interest rate					0.90%
Senior notes					$ 1,250	1,250
Senior Notes | 1.150% due May 13, 2026
Debt Instrument [Line Items]
Fixed interest rate					1.15%
Senior notes					$ 1,000	1,000
Senior Notes | 3.200% due March 2, 2027
Debt Instrument [Line Items]
Fixed interest rate					3.20%
Senior notes					$ 650	650
Senior Notes | 2.450% due March 3, 2027
Debt Instrument [Line Items]
Fixed interest rate					2.45%
Senior notes					$ 1,500	1,500
Senior Notes | 3.300% due April 1, 2027
Debt Instrument [Line Items]
Fixed interest rate					3.30%
Senior notes					$ 744	744
Senior Notes | 3.300% due April 1, 2027 | TD Ameritrade Holding
Debt Instrument [Line Items]
Fixed interest rate					3.30%
Senior notes					$ 56	56
Senior Notes | 3.200% due January 25, 2028
Debt Instrument [Line Items]
Fixed interest rate					3.20%
Senior notes					$ 700	700
Senior Notes | 2.000% due March 20, 2028
Debt Instrument [Line Items]
Fixed interest rate					2%
Senior notes					$ 1,250	1,250
Senior Notes | 4.000% due February 1, 2029
Debt Instrument [Line Items]
Fixed interest rate					4%
Senior notes					$ 600	600
Senior Notes | 3.250% due May 22, 2029
Debt Instrument [Line Items]
Fixed interest rate					3.25%
Senior notes					$ 600	600
Senior Notes | 2.750% due October 1, 2029
Debt Instrument [Line Items]
Fixed interest rate					2.75%
Senior notes					$ 475	475
Senior Notes | 2.750% due October 1, 2029 | TD Ameritrade Holding
Debt Instrument [Line Items]
Fixed interest rate					2.75%
Senior notes					$ 25	25
Senior Notes | 4.625% due March 22, 2030
Debt Instrument [Line Items]
Fixed interest rate					4.625%
Senior notes					$ 500	500
Senior Notes | 1.650% due March 11, 2031
Debt Instrument [Line Items]
Fixed interest rate					1.65%
Senior notes					$ 750	750
Senior Notes | 2.300% due May 13, 2031
Debt Instrument [Line Items]
Fixed interest rate					2.30%
Senior notes					$ 750	750
Senior Notes | 1.950% due December 1, 2031
Debt Instrument [Line Items]
Fixed interest rate					1.95%
Senior notes					$ 850	850
Senior Notes | 2.900% due March 3, 2032
Debt Instrument [Line Items]
Fixed interest rate					2.90%
Senior notes					$ 1,000	1,000
Senior Notes | 5.875% due August 24, 2026
Debt Instrument [Line Items]
Fixed interest rate					5.875%
Senior notes					$ 1,000	0
Senior Notes | SOFR + 0.500% due March 18, 2024
Debt Instrument [Line Items]
Senior notes					$ 1,250	1,250
Senior Notes | SOFR + 0.500% due March 18, 2024 | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Basis spread rate					0.50%
Senior Notes | SOFR + 0.520% due May 13, 2026
Debt Instrument [Line Items]
Senior notes					$ 500	500
Senior Notes | SOFR + 0.520% due May 13, 2026 | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Basis spread rate					0.52%
Senior Notes | SOFR + 1.050% due March 3, 2027
Debt Instrument [Line Items]
Senior notes					$ 500	500
Senior Notes | SOFR + 1.050% due March 3, 2027 | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Basis spread rate					1.05%
Senior Notes | 5.643% due May 19, 2029
Debt Instrument [Line Items]
Fixed interest rate					5.643%
Senior notes					$ 1,200	0
Senior Notes | 5.643% due May 19, 2029 | Secured Overnight Financing Rate (SOFR) | Forecast
Debt Instrument [Line Items]
Basis spread rate				2.21%
Senior Notes | 5.853% due May 19, 2034
Debt Instrument [Line Items]
Fixed interest rate					5.853%
Senior notes					$ 1,300	0
Senior Notes | 5.853% due May 19, 2034 | Secured Overnight Financing Rate (SOFR) | Forecast
Debt Instrument [Line Items]
Basis spread rate		2.50%
Senior Notes | 6.136% due August 24, 2034
Debt Instrument [Line Items]
Fixed interest rate					6.136%
Senior notes					$ 1,350	0
Senior Notes | 6.136% due August 24, 2034 | Secured Overnight Financing Rate (SOFR) | Forecast
Debt Instrument [Line Items]
Basis spread rate	2.01%
Senior Notes | 6.196% due November 17, 2029
Debt Instrument [Line Items]
Fixed interest rate					6.196%
Senior notes					$ 1,300	$ 0
Senior Notes | 6.196% due November 17, 2029 | Secured Overnight Financing Rate (SOFR) | Forecast
Debt Instrument [Line Items]
Basis spread rate			1.878%

Borrowings - Annual Maturities

Borrowings - Annual Maturities on Long-term Debt Outstanding (Details) - USD ($) $ in Millions		Dec. 31, 2023	Dec. 31, 2022
Debt Disclosure [Abstract]
2024		$ 3,686
2025		2,249
2026		4,112
2027		3,463
2028		1,950
Thereafter		10,700
Total maturities		26,160
Unamortized premium — net		87	$ 129
Debt issuance costs		(119)	(94)
Total long-term debt	[1]	$ 26,128	$ 20,828
[1] Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information.

Borrowings - Annual Maturitie_2

Borrowings - Annual Maturities on Borrowings Outstanding (Details) - USD ($) $ in Millions		Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
FHLB borrowings	[1]	$ 26,400	$ 12,400
Other short-term borrowings	[1]	6,553	$ 4,650
Total		32,953
Federal Home Loan Bank Advances | Secured Debt
Debt Instrument [Line Items]
FHLB borrowings		$ 26,400
[1] Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information.

Leases - Lease Assets and Liabi

Leases - Lease Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Operating lease ROU assets	$ 630	$ 894
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other assets	Other assets
Finance lease ROU assets	$ 84	$ 66
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Equipment, office facilities, and property — net	Equipment, office facilities, and property — net
Operating lease liabilities	$ 892	$ 994
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Accrued expenses and other liabilities	Accrued expenses and other liabilities
Finance lease liabilities	$ 85	$ 68
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Long-term debt	Long-term debt

Leases - Lease Cost, Term and D

Leases - Lease Cost, Term and Discount Rate (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Operating lease cost	$ 260	$ 242	$ 220
Variable lease cost	$ 48	$ 50	$ 48
Weighted-average remaining lease term (years)	5 years 7 months 6 days	5 years 11 months 8 days
Weighted-average discount rate	3.64%	3%

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)
Leases [Abstract]
Lease impairment charges	$ 157

Leases - Maturity of Lease Liab

Leases - Maturity of Lease Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Lessor, Lease, Description [Line Items]
2024	$ 231
2025	230
2026	142
2027	109
2028	74
Thereafter	200
Total lease payments	986
Less: Interest	94
Present value of lease liabilities	892	$ 994
Lease not yet commenced	$ 17
Minimum
Lessor, Lease, Description [Line Items]
Lease not yet commenced, term	7 years
Maximum
Lessor, Lease, Description [Line Items]
Lease not yet commenced, term	15 years

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	May 04, 2023	Jul. 01, 2021
Loss Contingencies [Line Items]
Reduction in deposit balance over 12 month period				$ 10,000,000,000
Additions (reductions) in deposit balance	$ 0
IDA balance ceiling amount above fixed-rate obligation			$ 30,000,000,000
IDA balance floor amount			60,000,000,000
IDA balance ceiling amount			90,000,000,000
Percentage of fixed rate investments				80%
Maximum buy down in fixed-rate obligation IDA balance			$ 5,000,000,000
Buy down of fixed-rate obligation amounts in deposits balance	5,000,000,000
Market-based fee capitalized as a contract asset	249,000,000
Ending IDA balance	97,500,000,000	$ 122,600,000,000
Fixed-rate obligation IDA balance	83,700,000,000	108,500,000,000
Floating-rate obligation IDA balance	13,800,000,000	14,100,000,000
Guarantees
Loss Contingencies [Line Items]
Liability for guarantees	0
First Mortgages | Residential real estate
Loss Contingencies [Line Items]
Purchases during period	2,900,000,000	6,900,000,000
HELOCs | Residential real estate
Loss Contingencies [Line Items]
Purchases during period	$ 181,000,000	$ 315,000,000

Commitments and Contingencies_2

Commitments and Contingencies - Commitments to Extend Credit on Lines of Credit and to Purchase First Mortgages (Details) - Residential real estate - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 3,347	$ 5,025
Home Equity Loans and Lines of Credit, Pledged Asset Lines and Other Lines of Credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commitments to extend credit related to unused HELOCs, PALs, and other lines of credit	2,996	4,533
First Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commitments to purchase First Mortgage loans	$ 351	$ 492

Exit and Other Related Liabil_3

Exit and Other Related Liabilities - Narrative (Details) $ in Millions	12 Months Ended			39 Months Ended
	Dec. 31, 2023 USD ($) clientTransitionGroup	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2023 USD ($)
TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Acquisition-related exit costs	$ 60	$ 34	$ 108	$ 388
Other Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Expected integration exit and other related costs	500			500
Acquisition-related exit costs	$ 495
TD Ameritrade, Inc
Restructuring Cost and Reserve [Line Items]
Number of integration client transition groups | clientTransitionGroup	4
Minimum | TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Expected integration exit and other related costs	$ 500			500
Maximum | TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Expected integration exit and other related costs	$ 600			$ 600
Expected period of remaining costs to be incurred	12 months

Exit and Other Related Liabil_4

Exit and Other Related Liabilities - Activity in Exit and Other Related Liabilities (Details) - USD ($) $ in Millions	12 Months Ended			39 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2023
TD Ameritrade Integration
Restructuring Reserve [Roll Forward]
Balance at beginning of period	$ 46	$ 35
Amounts recognized in expense	60	34	$ 108	$ 388
Costs paid or otherwise settled	(16)	(14)
Balance at end of period	54	46	35	54
TD Ameritrade Integration | Compensation and benefits
Restructuring Reserve [Roll Forward]
Amounts recognized in expense	24	25	83	308
TD Ameritrade Integration | Occupancy and equipment
Restructuring Reserve [Roll Forward]
Amounts recognized in expense	11	9	22	49
Other Restructuring Plan
Restructuring Reserve [Roll Forward]
Balance at beginning of period	0
Amounts recognized in expense	495
Costs paid or otherwise settled	(58)
Balance at end of period	234	0		234
Other Restructuring Plan | Compensation and benefits
Restructuring Reserve [Roll Forward]
Amounts recognized in expense	292
Other Restructuring Plan | Occupancy and equipment
Restructuring Reserve [Roll Forward]
Amounts recognized in expense	17
Investor Services | TD Ameritrade Integration
Restructuring Reserve [Roll Forward]
Balance at beginning of period	36	28
Amounts recognized in expense	47	26	87	306
Costs paid or otherwise settled	(14)	(11)
Balance at end of period	42	36	28	42
Investor Services | TD Ameritrade Integration | Employee Severance And Retention
Restructuring Reserve [Roll Forward]
Amounts recognized in expense	20	19	66	243
Investor Services | TD Ameritrade Integration | Compensation and benefits
Restructuring Reserve [Roll Forward]
Amounts recognized in expense	20	19	66	243
Investor Services | TD Ameritrade Integration | Compensation and benefits | Employee Severance And Retention
Restructuring Reserve [Roll Forward]
Amounts recognized in expense	20	19	66	243
Investor Services | TD Ameritrade Integration | Occupancy and equipment
Restructuring Reserve [Roll Forward]
Amounts recognized in expense	9	7	18	40
Investor Services | TD Ameritrade Integration | Occupancy and equipment | Employee Severance And Retention
Restructuring Reserve [Roll Forward]
Amounts recognized in expense	0	0	0	0
Investor Services | Other Restructuring Plan
Restructuring Reserve [Roll Forward]
Balance at beginning of period	0
Amounts recognized in expense	365
Costs paid or otherwise settled	(43)
Balance at end of period	171	0		171
Investor Services | Other Restructuring Plan | Employee Compensation and Benefits
Restructuring Reserve [Roll Forward]
Amounts recognized in expense	214
Investor Services | Other Restructuring Plan | Compensation and benefits
Restructuring Reserve [Roll Forward]
Amounts recognized in expense	214
Investor Services | Other Restructuring Plan | Compensation and benefits | Employee Compensation and Benefits
Restructuring Reserve [Roll Forward]
Amounts recognized in expense	214
Investor Services | Other Restructuring Plan | Occupancy and equipment
Restructuring Reserve [Roll Forward]
Amounts recognized in expense	13
Investor Services | Other Restructuring Plan | Occupancy and equipment | Employee Compensation and Benefits
Restructuring Reserve [Roll Forward]
Amounts recognized in expense	0
Advisor Services | TD Ameritrade Integration
Restructuring Reserve [Roll Forward]
Balance at beginning of period	10	7
Amounts recognized in expense	13	8	21	82
Costs paid or otherwise settled	(2)	(3)
Balance at end of period	12	10	7	12
Advisor Services | TD Ameritrade Integration | Employee Severance And Retention
Restructuring Reserve [Roll Forward]
Amounts recognized in expense	4	6	17	65
Advisor Services | TD Ameritrade Integration | Compensation and benefits
Restructuring Reserve [Roll Forward]
Amounts recognized in expense	4	6	17	65
Advisor Services | TD Ameritrade Integration | Compensation and benefits | Employee Severance And Retention
Restructuring Reserve [Roll Forward]
Amounts recognized in expense	4	6	17	65
Advisor Services | TD Ameritrade Integration | Occupancy and equipment
Restructuring Reserve [Roll Forward]
Amounts recognized in expense	2	2	4	9
Advisor Services | TD Ameritrade Integration | Occupancy and equipment | Employee Severance And Retention
Restructuring Reserve [Roll Forward]
Amounts recognized in expense	0	0	$ 0	0
Advisor Services | Other Restructuring Plan
Restructuring Reserve [Roll Forward]
Balance at beginning of period	0
Amounts recognized in expense	130
Costs paid or otherwise settled	(15)
Balance at end of period	63	$ 0		$ 63
Advisor Services | Other Restructuring Plan | Employee Compensation and Benefits
Restructuring Reserve [Roll Forward]
Amounts recognized in expense	78
Advisor Services | Other Restructuring Plan | Compensation and benefits
Restructuring Reserve [Roll Forward]
Amounts recognized in expense	78
Advisor Services | Other Restructuring Plan | Compensation and benefits | Employee Compensation and Benefits
Restructuring Reserve [Roll Forward]
Amounts recognized in expense	78
Advisor Services | Other Restructuring Plan | Occupancy and equipment
Restructuring Reserve [Roll Forward]
Amounts recognized in expense	4
Advisor Services | Other Restructuring Plan | Occupancy and equipment | Employee Compensation and Benefits
Restructuring Reserve [Roll Forward]
Amounts recognized in expense	$ 0

Exit and Other Related Liabil_5

Exit and Other Related Liabilities - Summary of Exit and Other Related Costs Recognized in Expense (Details) - USD ($) $ in Millions	12 Months Ended			39 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2023
TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	$ 60	$ 34	$ 108	$ 388
Other Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	495
Compensation and benefits | TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	24	25	83	308
Compensation and benefits | Other Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	292
Occupancy and equipment | TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	11	9	22	49
Occupancy and equipment | Other Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	17
Depreciation and amortization | TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense				3
Professional services | TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense			1	1
Professional services | Other Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	5
Other | TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	25		2	27
Other | Other Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	181
Investor Services | TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	47	26	87	306
Investor Services | Other Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	365
Investor Services | Compensation and benefits | TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	20	19	66	243
Investor Services | Compensation and benefits | Other Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	214
Investor Services | Occupancy and equipment | TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	9	7	18	40
Investor Services | Occupancy and equipment | Other Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	13
Investor Services | Depreciation and amortization | TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense				2
Investor Services | Professional services | TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense			1	1
Investor Services | Professional services | Other Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	4
Investor Services | Other | TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	18		2	20
Investor Services | Other | Other Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	134
Investor Services | Employee Severance And Retention | TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	20	19	66	243
Investor Services | Employee Severance And Retention | Compensation and benefits | TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	20	19	66	243
Investor Services | Employee Severance And Retention | Occupancy and equipment | TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	0	0	0	0
Investor Services | Employee Severance And Retention | Depreciation and amortization | TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense				0
Investor Services | Employee Severance And Retention | Professional services | TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense			0	0
Investor Services | Employee Severance And Retention | Other | TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	0		0	0
Investor Services | Employee Compensation and Benefits | Other Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	214
Investor Services | Employee Compensation and Benefits | Compensation and benefits | Other Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	214
Investor Services | Employee Compensation and Benefits | Occupancy and equipment | Other Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	0
Investor Services | Employee Compensation and Benefits | Professional services | Other Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	0
Investor Services | Employee Compensation and Benefits | Other | Other Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	0
Investor Services | Facility Exit Costs | TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	27	7	21	63
Investor Services | Facility Exit Costs | Other Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	151
Investor Services | Facility Exit Costs | Compensation and benefits | TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	0	0	0	0
Investor Services | Facility Exit Costs | Compensation and benefits | Other Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	0
Investor Services | Facility Exit Costs | Occupancy and equipment | TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	9	7	18	40
Investor Services | Facility Exit Costs | Occupancy and equipment | Other Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	13
Investor Services | Facility Exit Costs | Depreciation and amortization | TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense				2
Investor Services | Facility Exit Costs | Professional services | TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense			1	1
Investor Services | Facility Exit Costs | Professional services | Other Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	4
Investor Services | Facility Exit Costs | Other | TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	18		2	20
Investor Services | Facility Exit Costs | Other | Other Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	134
Advisor Services | TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	13	8	21	82
Advisor Services | Other Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	130
Advisor Services | Compensation and benefits | TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	4	6	17	65
Advisor Services | Compensation and benefits | Other Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	78
Advisor Services | Occupancy and equipment | TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	2	2	4	9
Advisor Services | Occupancy and equipment | Other Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	4
Advisor Services | Depreciation and amortization | TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense				1
Advisor Services | Professional services | TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense			0	0
Advisor Services | Professional services | Other Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	1
Advisor Services | Other | TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	7		0	7
Advisor Services | Other | Other Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	47
Advisor Services | Employee Severance And Retention | TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	4	6	17	65
Advisor Services | Employee Severance And Retention | Compensation and benefits | TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	4	6	17	65
Advisor Services | Employee Severance And Retention | Occupancy and equipment | TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	0	0	0	0
Advisor Services | Employee Severance And Retention | Depreciation and amortization | TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense				0
Advisor Services | Employee Severance And Retention | Professional services | TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense			0	0
Advisor Services | Employee Severance And Retention | Other | TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	0		0	0
Advisor Services | Employee Compensation and Benefits | Other Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	78
Advisor Services | Employee Compensation and Benefits | Compensation and benefits | Other Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	78
Advisor Services | Employee Compensation and Benefits | Occupancy and equipment | Other Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	0
Advisor Services | Employee Compensation and Benefits | Professional services | Other Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	0
Advisor Services | Employee Compensation and Benefits | Other | Other Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	0
Advisor Services | Facility Exit Costs | TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	9	2	4	17
Advisor Services | Facility Exit Costs | Other Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	52
Advisor Services | Facility Exit Costs | Compensation and benefits | TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	0	0	0	0
Advisor Services | Facility Exit Costs | Compensation and benefits | Other Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	0
Advisor Services | Facility Exit Costs | Occupancy and equipment | TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	2	$ 2	4	9
Advisor Services | Facility Exit Costs | Occupancy and equipment | Other Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	4
Advisor Services | Facility Exit Costs | Depreciation and amortization | TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense				1
Advisor Services | Facility Exit Costs | Professional services | TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense			0	0
Advisor Services | Facility Exit Costs | Professional services | Other Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	1
Advisor Services | Facility Exit Costs | Other | TD Ameritrade Integration
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	7		$ 0	$ 7
Advisor Services | Facility Exit Costs | Other | Other Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Amounts recognized in expense	$ 47

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - Narrative (Details) $ in Billions	Dec. 31, 2023 USD ($)
Designated as Hedging Instrument | Interest rate swaps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Aggregate notional amounts	$ 8.9

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities - Gross Fair Values of Derivatives (Details) - Interest rate swaps $ in Thousands	Dec. 31, 2023 USD ($)
Derivatives, Fair Value [Line Items]
Assets	$ 0
Liabilities	0
Derivative asset less than stated amount	500
Derivative liability less than stated amount	500
Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Assets	0
Liabilities	0
Derivative asset less than stated amount	500
Derivative liability less than stated amount	500
Reduction of derivative asset related to variation margin settlements	87,000
Reduction of derivative liability related to variation margin settlements	$ 2,000

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities - Fair Value Hedge Derivatives (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Cumulative basis adjustments, reduction of the amortized cost basis of the close portfolios	$ 19,000
Debt Securities
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amortized cost of hedged AFS securities	8,765,000
Cumulative fair value hedging adjustment included in the amortized cost of hedged AFS securities	(85,000)
Amortized cost basis of closed portfolio hedges	2,100,000
Amount of designated hedged items of closed portfolio hedges	1,600,000
Cumulative basis adjustments, reduction of the amortized cost basis of the close portfolios	19,000
Debt Securities | Maximum
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Cumulative fair value hedging adjustments related to securities which hedge accounting has been discontinued, reduction of the the amortized cost basis	$ 500

Derivative Instruments and He_6

Derivative Instruments and Hedging Activities - Effect of Fair Value Hedge Derivatives (Details) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Periodic interest accruals and receipts/payments	$ 2
Interest rate swaps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivatives designated as hedging instruments	85
Debt Securities
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged items	$ (85)

Financial Instruments Subject_3

Financial Instruments Subject to Off-Balance Sheet Credit Risk - Narrative (Details) - USD ($) $ in Millions		Dec. 31, 2023	Dec. 31, 2022
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Available for sale securities	[1]	$ 107,646	$ 147,871
Asset Pledged as Collateral
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Available for sale securities	[1]	1,733	41
Asset Pledged as Collateral | Interest rate swaps
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Available for sale securities		195
Securities Financing Transaction, Fair Value
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fair value of borrowed securities from other broker-dealers to fulfill short sales by clients		$ 1,500	$ 685
[1] Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information.

Financial Instruments Subject_4

Financial Instruments Subject to Off-Balance Sheet Credit Risk - Offsetting Assets and Liabilities (Details) - USD ($) $ in Thousands		Dec. 31, 2023	Dec. 31, 2022
Resale agreements
Gross Assets		$ 8,844,000	$ 12,159,000
Gross Amounts Offset in the Consolidated Balance Sheets		0	0
Net Amounts Presented in the Consolidated Balance Sheets	[1]	8,844,000	12,159,000
Counterparty Offsetting		0	0
Collateral		(8,844,000)	(12,159,000)
Net Amount		0	0
Securities borrowed
Gross Assets		1,563,000	705,000
Gross Amounts Offset in the Consolidated Balance Sheets		0	0
Net Amounts Presented in the Consolidated Balance Sheets		1,563,000	705,000
Counterparty Offsetting		(1,307,000)	(331,000)
Collateral		(253,000)	(366,000)
Net Amount		3,000	8,000
Interest rate swaps
Total Gross Assets		10,407,000	12,864,000
Gross Amounts Offset in the Consolidated Balance Sheets		0	0
Net Amounts Presented in the Consolidated Balance Sheets		10,407,000	12,864,000
Counterparty Offsetting		(1,307,000)	(331,000)
Collateral		(9,097,000)	(12,525,000)
Net Amount		3,000	8,000
Repurchase agreements
Gross Liabilities		4,903,000	4,402,000
Gross Amounts Offset in the Consolidated Balance Sheets		0	0
Net Amounts Presented in the Consolidated Balance Sheets		4,903,000	4,402,000
Counterparty Offsetting		0	0
Collateral		(4,903,000)	(4,402,000)
Net Amount		0	0
Securities loaned
Gross Liabilities		5,397,000	4,200,000
Gross Amounts Offset in the Consolidated Balance Sheets		0	0
Net Amounts Presented in the Consolidated Balance Sheets		5,397,000	4,200,000
Counterparty Offsetting		(1,307,000)	(331,000)
Collateral		(3,619,000)	(3,313,000)
Net Amount		471,000	556,000
Secured short-term borrowings
Total	[1]	6,553,000	4,650,000
Interest rate swaps
Total Gross Liabilities		11,950,000	8,602,000
Gross Amounts Offset in the Consolidated Balance Sheets		0	0
Net Amounts Presented in the Consolidated Balance Sheets		11,950,000	8,602,000
Counterparty Offsetting		(1,307,000)	(331,000)
Collateral		(10,172,000)	(7,715,000)
Net Amount		471,000	556,000
Fair value of client securities available to be pledged		86,911,000	86,775,000
Available for sale securities	[1]	107,646,000	147,871,000
Interest rate swaps
Interest rate swaps
Gross Assets		0
Gross Amounts Offset in the Consolidated Balance Sheets		0
Net Amounts Presented in the Consolidated Balance Sheets		0
Counterparty Offsetting		0
Collateral		0
Net Amount		0
Interest rate swaps
Gross Liabilities		0
Gross Amounts Offset in the Consolidated Balance Sheets		0
Net Amounts Presented in the Consolidated Balance Sheets		0
Counterparty Offsetting		0
Collateral		0
Net Amount		0
Derivative asset less than stated amount		500
Derivative liability less than stated amount		500
Asset Pledged as Collateral
Interest rate swaps
Available for sale securities	[1]	1,733,000	41,000
Secured short-term borrowings
Secured short-term borrowings
Gross Liabilities		1,650,000
Gross Amounts Offset in the Consolidated Balance Sheets		0
Total		1,650,000
Counterparty Offsetting		0
Collateral		(1,650,000)
Net Amount		0
Securities Sold under Agreements to Repurchase
Interest rate swaps
Fair value of collateral pledged in connection with repurchase agreements		5,300,000	4,600,000
Interest rate swaps | Asset Pledged as Collateral
Interest rate swaps
Available for sale securities		195,000
Resale And Repurchase Agreements
Interest rate swaps
Fair value of client securities available to be pledged		$ 9,000,000	$ 12,300,000
[1] Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information.

Financial Instruments Subject_5

Financial Instruments Subject to Off-Balance Sheet Credit Risk - Summary of the Fair Value of Client Securities Available to Utilize as Collateral and Amounts Pledged (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Securities Financing Transaction [Line Items]
Fair value of client securities available to be pledged	$ 86,911	$ 86,775
Total collateral pledged to third parties	27,043	19,939
Fulfillment of requirements with the Options Clearing Corporation
Securities Financing Transaction [Line Items]
Total collateral pledged to third parties	13,355	11,717
Fulfillment of client short sales
Securities Financing Transaction [Line Items]
Total collateral pledged to third parties	7,009	4,750
Securities lending to other broker-dealers
Securities Financing Transaction [Line Items]
Total collateral pledged to third parties	4,688	3,472
Collateral for secured short-term borrowings
Securities Financing Transaction [Line Items]
Total collateral pledged to third parties	1,991	0
Fully-paid client securities
Securities Financing Transaction [Line Items]
Total collateral pledged to third parties	$ 179	$ 160

Fair Values of Assets and Lia_3

Fair Values of Assets and Liabilities - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions		Dec. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	[1]	$ 107,646	$ 147,871
U.S. agency mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities		62,795	77,688
U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities		21,471	40,002
Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities		12,484	12,555
Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities		9,087	13,023
Foreign government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities		1,002	969
U.S. state and municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities		579	638
Non-agency commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities		109	450
Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities		100	2,231
Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities		19	315
Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents		14,573	14,055
Total investments segregated and on deposit for regulatory purposes		20,358	24,645
Total available for sale securities		107,646	147,871
Total assets		1,913	1,432
Total assets		144,490	188,003
Total accrued expenses and other liabilities		1,733	1,261
Total liabilities		1,733	1,261
Fair Value, Recurring | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents		14,573	14,007
Fair Value, Recurring | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents			48
Fair Value, Recurring | U.S. Government securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investments segregated and on deposit for regulatory purposes		20,358	23,645
Total assets		26	1
Fair Value, Recurring | U.S. agency mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities		62,795	77,688
Fair Value, Recurring | U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities		21,471	40,002
Fair Value, Recurring | Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities		12,484	12,555
Fair Value, Recurring | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities		9,087	13,023
Fair Value, Recurring | Foreign government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities		1,002	969
Fair Value, Recurring | U.S. state and municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities		579	638
Fair Value, Recurring | Non-agency commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities		109	450
Fair Value, Recurring | Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investments segregated and on deposit for regulatory purposes			1,000
Total available for sale securities		100	2,231
Fair Value, Recurring | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities		19	315
Fair Value, Recurring | Total other securities owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets		1,913	1,432
Fair Value, Recurring | Equity, corporate debt, and other securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets		1,065	810
Fair Value, Recurring | Mutual funds and ETFs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets		795	596
Fair Value, Recurring | State and municipal debt obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets		27	25
Fair Value, Recurring | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total accrued expenses and other liabilities		1,733	1,261
Fair Value, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents		14,573	14,007
Total investments segregated and on deposit for regulatory purposes		0	0
Total available for sale securities		0	0
Total assets		1,787	1,351
Total assets		16,360	15,358
Total accrued expenses and other liabilities		1,644	1,218
Total liabilities		1,644	1,218
Fair Value, Recurring | Level 1 | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents		14,573	14,007
Fair Value, Recurring | Level 1 | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents			0
Fair Value, Recurring | Level 1 | U.S. Government securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investments segregated and on deposit for regulatory purposes		0	0
Total assets		0	0
Fair Value, Recurring | Level 1 | U.S. agency mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities		0	0
Fair Value, Recurring | Level 1 | U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities		0	0
Fair Value, Recurring | Level 1 | Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities		0	0
Fair Value, Recurring | Level 1 | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities		0	0
Fair Value, Recurring | Level 1 | Foreign government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities		0	0
Fair Value, Recurring | Level 1 | U.S. state and municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities		0	0
Fair Value, Recurring | Level 1 | Non-agency commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities		0	0
Fair Value, Recurring | Level 1 | Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investments segregated and on deposit for regulatory purposes			0
Total available for sale securities		0	0
Fair Value, Recurring | Level 1 | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities		0	0
Fair Value, Recurring | Level 1 | Total other securities owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets		1,787	1,351
Fair Value, Recurring | Level 1 | Equity, corporate debt, and other securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets		992	755
Fair Value, Recurring | Level 1 | Mutual funds and ETFs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets		795	596
Fair Value, Recurring | Level 1 | State and municipal debt obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets		0	0
Fair Value, Recurring | Level 1 | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total accrued expenses and other liabilities		1,644	1,218
Fair Value, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents		0	48
Total investments segregated and on deposit for regulatory purposes		20,358	24,645
Total available for sale securities		107,646	147,871
Total assets		126	81
Total assets		128,130	172,645
Total accrued expenses and other liabilities		89	43
Total liabilities		89	43
Fair Value, Recurring | Level 2 | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents		0	0
Fair Value, Recurring | Level 2 | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents			48
Fair Value, Recurring | Level 2 | U.S. Government securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investments segregated and on deposit for regulatory purposes		20,358	23,645
Total assets		26	1
Fair Value, Recurring | Level 2 | U.S. agency mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities		62,795	77,688
Fair Value, Recurring | Level 2 | U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities		21,471	40,002
Fair Value, Recurring | Level 2 | Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities		12,484	12,555
Fair Value, Recurring | Level 2 | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities		9,087	13,023
Fair Value, Recurring | Level 2 | Foreign government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities		1,002	969
Fair Value, Recurring | Level 2 | U.S. state and municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities		579	638
Fair Value, Recurring | Level 2 | Non-agency commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities		109	450
Fair Value, Recurring | Level 2 | Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investments segregated and on deposit for regulatory purposes			1,000
Total available for sale securities		100	2,231
Fair Value, Recurring | Level 2 | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities		19	315
Fair Value, Recurring | Level 2 | Total other securities owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets		126	81
Fair Value, Recurring | Level 2 | Equity, corporate debt, and other securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets		73	55
Fair Value, Recurring | Level 2 | Mutual funds and ETFs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets		0	0
Fair Value, Recurring | Level 2 | State and municipal debt obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets		27	25
Fair Value, Recurring | Level 2 | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total accrued expenses and other liabilities		89	43
Fair Value, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents		0	0
Total investments segregated and on deposit for regulatory purposes		0	0
Total available for sale securities		0	0
Total assets		0	0
Total assets		0	0
Total accrued expenses and other liabilities		0	0
Total liabilities		0	0
Fair Value, Recurring | Level 3 | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents		0	0
Fair Value, Recurring | Level 3 | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents			0
Fair Value, Recurring | Level 3 | U.S. Government securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investments segregated and on deposit for regulatory purposes		0	0
Total assets		0	0
Fair Value, Recurring | Level 3 | U.S. agency mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities		0	0
Fair Value, Recurring | Level 3 | U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities		0	0
Fair Value, Recurring | Level 3 | Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities		0	0
Fair Value, Recurring | Level 3 | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities		0	0
Fair Value, Recurring | Level 3 | Foreign government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities		0	0
Fair Value, Recurring | Level 3 | U.S. state and municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities		0	0
Fair Value, Recurring | Level 3 | Non-agency commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities		0	0
Fair Value, Recurring | Level 3 | Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investments segregated and on deposit for regulatory purposes			0
Total available for sale securities		0	0
Fair Value, Recurring | Level 3 | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities		0	0
Fair Value, Recurring | Level 3 | Total other securities owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets		0	0
Fair Value, Recurring | Level 3 | Equity, corporate debt, and other securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets		0	0
Fair Value, Recurring | Level 3 | Mutual funds and ETFs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets		0	0
Fair Value, Recurring | Level 3 | State and municipal debt obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets		0	0
Fair Value, Recurring | Level 3 | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total accrued expenses and other liabilities		$ 0	$ 0
[1] Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information.

Fair Values of Assets and Lia_4

Fair Values of Assets and Liabilities - Fair Value of Other Financial Instruments (Details) - USD ($) $ in Millions		Dec. 31, 2023	Dec. 31, 2022
Assets
Held to maturity securities:	[1]	$ 159,452	$ 173,074
U.S. agency mortgage-backed securities
Assets
Held to maturity securities:		159,452	173,074
Carrying Amount
Assets
Cash and cash equivalents		28,764	26,140
Cash and investments segregated and on deposit for regulatory purposes		11,438	18,288
Receivables from brokerage clients — net		68,629	66,573
Held to maturity securities:		159,452	173,074
Bank loans — net:		40,439	40,505
Total assets		4,960	3,788
Liabilities
Bank deposits		289,953	366,724
Payables to brokerage clients		84,786	97,438
Accrued expenses and other liabilities		7,609	5,584
Other short-term borrowings		6,553	4,650
Federal Home Loan Bank borrowings		26,400	12,400
Long-term debt		26,043	20,760
Carrying Amount | Pledged asset lines
Assets
Bank loans — net:		13,548	14,592
Carrying Amount | Other
Assets
Bank loans — net:		293	188
Carrying Amount | First Mortgages | Residential real estate
Assets
Bank loans — net:		26,121	25,132
Carrying Amount | HELOCs | Residential real estate
Assets
Bank loans — net:		477	593
Carrying Amount | U.S. agency mortgage-backed securities
Assets
Held to maturity securities:		159,452	173,074
Portion at Other than Fair Value Measurement
Assets
Cash and cash equivalents		28,764	26,140
Cash and investments segregated and on deposit for regulatory purposes		11,438	18,288
Receivables from brokerage clients — net		68,629	66,573
Held to maturity securities:		147,091	158,936
Bank loans — net:		37,575	37,638
Total assets		4,960	3,788
Liabilities
Bank deposits		289,953	366,724
Payables to brokerage clients		84,786	97,438
Accrued expenses and other liabilities		7,609	5,584
Other short-term borrowings		6,553	4,650
Federal Home Loan Bank borrowings		26,400	12,400
Long-term debt		25,000	19,108
Portion at Other than Fair Value Measurement | Pledged asset lines
Assets
Bank loans — net:		13,548	14,592
Portion at Other than Fair Value Measurement | Other
Assets
Bank loans — net:		293	188
Portion at Other than Fair Value Measurement | First Mortgages | Residential real estate
Assets
Bank loans — net:		23,226	22,201
Portion at Other than Fair Value Measurement | HELOCs | Residential real estate
Assets
Bank loans — net:		508	657
Portion at Other than Fair Value Measurement | U.S. agency mortgage-backed securities
Assets
Held to maturity securities:		147,091	158,936
Portion at Other than Fair Value Measurement | Level 1
Assets
Cash and cash equivalents		28,764	26,140
Cash and investments segregated and on deposit for regulatory purposes		2,628	6,156
Receivables from brokerage clients — net		0	0
Held to maturity securities:		0	0
Bank loans — net:		0	0
Total assets		0	0
Liabilities
Bank deposits		0	0
Payables to brokerage clients		0	0
Accrued expenses and other liabilities		0	0
Other short-term borrowings		0	0
Federal Home Loan Bank borrowings		0	0
Long-term debt		0	0
Portion at Other than Fair Value Measurement | Level 1 | Pledged asset lines
Assets
Bank loans — net:		0	0
Portion at Other than Fair Value Measurement | Level 1 | Other
Assets
Bank loans — net:		0	0
Portion at Other than Fair Value Measurement | Level 1 | First Mortgages | Residential real estate
Assets
Bank loans — net:		0	0
Portion at Other than Fair Value Measurement | Level 1 | HELOCs | Residential real estate
Assets
Bank loans — net:		0	0
Portion at Other than Fair Value Measurement | Level 1 | U.S. agency mortgage-backed securities
Assets
Held to maturity securities:		0	0
Portion at Other than Fair Value Measurement | Level 2
Assets
Cash and cash equivalents		0	0
Cash and investments segregated and on deposit for regulatory purposes		8,810	12,132
Receivables from brokerage clients — net		68,629	66,573
Held to maturity securities:		147,091	158,936
Bank loans — net:		37,575	37,638
Total assets		4,960	3,788
Liabilities
Bank deposits		289,953	366,724
Payables to brokerage clients		84,786	97,438
Accrued expenses and other liabilities		7,609	5,584
Other short-term borrowings		6,553	4,650
Federal Home Loan Bank borrowings		26,400	12,400
Long-term debt		25,000	19,108
Portion at Other than Fair Value Measurement | Level 2 | Pledged asset lines
Assets
Bank loans — net:		13,548	14,592
Portion at Other than Fair Value Measurement | Level 2 | Other
Assets
Bank loans — net:		293	188
Portion at Other than Fair Value Measurement | Level 2 | First Mortgages | Residential real estate
Assets
Bank loans — net:		23,226	22,201
Portion at Other than Fair Value Measurement | Level 2 | HELOCs | Residential real estate
Assets
Bank loans — net:		508	657
Portion at Other than Fair Value Measurement | Level 2 | U.S. agency mortgage-backed securities
Assets
Held to maturity securities:		147,091	158,936
Portion at Other than Fair Value Measurement | Level 3
Assets
Cash and cash equivalents		0	0
Cash and investments segregated and on deposit for regulatory purposes		0	0
Receivables from brokerage clients — net		0	0
Held to maturity securities:		0	0
Bank loans — net:		0	0
Total assets		0	0
Liabilities
Bank deposits		0	0
Payables to brokerage clients		0	0
Accrued expenses and other liabilities		0	0
Other short-term borrowings		0	0
Federal Home Loan Bank borrowings		0
Long-term debt		0	0
Portion at Other than Fair Value Measurement | Level 3 | Pledged asset lines
Assets
Bank loans — net:		0	0
Portion at Other than Fair Value Measurement | Level 3 | Other
Assets
Bank loans — net:		0	0
Portion at Other than Fair Value Measurement | Level 3 | First Mortgages | Residential real estate
Assets
Bank loans — net:		0	0
Portion at Other than Fair Value Measurement | Level 3 | HELOCs | Residential real estate
Assets
Bank loans — net:		0	0
Portion at Other than Fair Value Measurement | Level 3 | U.S. agency mortgage-backed securities
Assets
Held to maturity securities:		$ 0	$ 0
[1] Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information.

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details) $ / shares in Units, $ in Millions									12 Months Ended
		Dec. 01, 2022 USD ($) $ / shares shares	Nov. 01, 2022 USD ($) $ / shares shares	Aug. 01, 2022 USD ($) $ / shares shares	Mar. 04, 2022 USD ($) $ / shares shares	Jun. 01, 2021 USD ($) $ / shares shares	Mar. 30, 2021 USD ($) $ / shares shares	Mar. 18, 2021 USD ($) $ / shares shares	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) shares	Jul. 27, 2022 USD ($)	Jul. 26, 2022 USD ($)	Dec. 31, 2020 shares
Class of Stock [Line Items]
Value of shares repurchased									$ 2,866
Preferred stock, par value (in USD per share) | $ / shares	[1]								$ 0.01	$ 0.01
Preferred stock, aggregate liquidation preference	[1]								$ 9,329	$ 9,850
Value of shares redeemed										1,000	$ 600
Value of stock repurchased									471
Dividends accrued									$ 438.4	$ 504.6	$ 456.1
Preferred stock, shares authorized (in shares) | shares									9,940,000	9,940,000
Common Stock
Class of Stock [Line Items]
Number of shares issued | shares									0	0	0
Share repurchase, authorized amount												$ 15,000	$ 4,000
Number of shares repurchased | shares									37,000,000	32,000,000
Value of shares repurchased									$ 2,800	$ 2,400
Remaining value of authorized shares available to be repurchased									$ 8,700
Common Stock
Class of Stock [Line Items]
Value of shares repurchased										$ 2,435
Common Stock | Common Stock
Class of Stock [Line Items]
Number of shares held at end of period | shares									2,023,000,000	2,023,000,000	1,995,000,000			1,995,000,000
Number of shares repurchased | shares										15,000,000
Nonvoting Common Stock
Class of Stock [Line Items]
Number of shares repurchased | shares				15,000,000
Value of shares repurchased				$ 1,000						$ 1,000
Per share value of shares repurchased (in USD per share) | $ / shares				$ 66.53
Nonvoting Common Stock | Common Stock
Class of Stock [Line Items]
Number of shares held at end of period | shares									51,000,000	51,000,000	79,000,000			79,000,000
Number of shares repurchased | shares										15,000,000
Nonvoting Common Stock | TD Bank affiliate
Class of Stock [Line Items]
Number of shares sold | shares				13,000,000
Nonvoting Common Stock | TD Bank
Class of Stock [Line Items]
Number of shares held at end of period | shares									51,000,000
Depositary shares
Class of Stock [Line Items]
Number of shares sold | shares					750,000		24,000,000	2,250,000
Number of shares redeemed | shares		600,000				24,000,000
Ownership interest in shares issued					1%		2.50%	1%
Ownership interest in shares redeemed		0.0100				0.0250
Liquidation preference per share (in USD per share) | $ / shares					$ 1,000	$ 25	$ 25	$ 1,000
Preferred stock, aggregate liquidation preference		$ 600				$ 600
Redemption price per share (in USD per share) | $ / shares		$ 1,000
Series I Preferred Stock
Class of Stock [Line Items]
Fixed rate								4%	4%
Preferred stock, par value (in USD per share) | $ / shares								$ 0.01
Liquidation preference per share (in USD per share) | $ / shares								$ 100,000	$ 100,000
Proceeds from offering								$ 2,200
Dividends accrued									$ 82.8	$ 90	$ 63.2
Series J Preferred Stock
Class of Stock [Line Items]
Fixed rate							4.45%		4.45%
Preferred stock, par value (in USD per share) | $ / shares							$ 0.01
Liquidation preference per share (in USD per share) | $ / shares							$ 1,000		$ 1,000
Proceeds from offering							$ 584
Dividends accrued									$ 26.7	26.7	17.9
Series C Preferred Stock
Class of Stock [Line Items]
Number of shares redeemed | shares						600,000
Fixed rate						6%
Dividends accrued											18
Series K Preferred Stock
Class of Stock [Line Items]
Fixed rate					5%				5%
Preferred stock, par value (in USD per share) | $ / shares					$ 0.01
Liquidation preference per share (in USD per share) | $ / shares					$ 100,000				$ 100,000
Proceeds from offering					$ 740
Dividends accrued									$ 37.4	27.8
Series A Preferred Stock
Class of Stock [Line Items]
Number of shares redeemed | shares			400,000
Redemption price per share (in USD per share) | $ / shares			$ 1,000
Value of shares redeemed			$ 400
Dividends accrued										19.1	28
Series E Preferred Stock
Class of Stock [Line Items]
Number of shares redeemed | shares		6,000
Dividends accrued										$ 37	$ 27.8
Series F, Series G, Series H, And Series I Preferred Stock
Class of Stock [Line Items]
Dividends accrued									$ 3
Depositary Shares, Series F Preferred Stock
Class of Stock [Line Items]
Number of shares repurchased | shares									11,620
Value of stock repurchased									$ 11
Depositary Shares, Series G Preferred Stock
Class of Stock [Line Items]
Number of shares repurchased | shares									42,036
Value of stock repurchased									$ 42
Depositary Shares, Series H Preferred Stock
Class of Stock [Line Items]
Number of shares repurchased | shares									273,251
Value of stock repurchased									$ 235
Depositary Shares, Series I Preferred Stock
Class of Stock [Line Items]
Number of shares repurchased | shares									194,567
Value of stock repurchased									$ 179
[1] Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information.

Stockholders' Equity - Preferre

Stockholders' Equity - Preferred Stock Issued and Outstanding (Details) - USD ($) $ / shares in Units, $ in Millions					12 Months Ended
		Mar. 04, 2022	Mar. 30, 2021	Mar. 18, 2021	Dec. 31, 2023	Dec. 31, 2022
Class of Stock [Line Items]
Shares issued (in shares)					1,429,785	1,435,000
Shares outstanding (in shares)					1,429,785	1,435,000
Carrying value	[1]				$ 9,191	$ 9,706
Series D
Class of Stock [Line Items]
Shares issued (in shares)					750,000	750,000
Shares outstanding (in shares)					750,000	750,000
Liquidation preference per share (in USD per share)					$ 1,000
Carrying value					$ 728	$ 728
Dividend rate in effect					5.95%
Series J
Class of Stock [Line Items]
Shares issued (in shares)					600,000	600,000
Shares outstanding (in shares)					600,000	600,000
Liquidation preference per share (in USD per share)			$ 1,000		$ 1,000
Carrying value					$ 584	$ 584
Dividend rate in effect			4.45%		4.45%
Series F
Class of Stock [Line Items]
Shares issued (in shares)					4,884	5,000
Shares outstanding (in shares)					4,884	5,000
Liquidation preference per share (in USD per share)					$ 100,000
Carrying value					$ 481	$ 492
Dividend rate in effect					5%
Series F | LIBOR
Class of Stock [Line Items]
Floating annual rate					2.575%
Series G
Class of Stock [Line Items]
Shares issued (in shares)					24,580	25,000
Shares outstanding (in shares)					24,580	25,000
Liquidation preference per share (in USD per share)					$ 100,000
Carrying value					$ 2,428	$ 2,470
Dividend rate in effect					5.375%
Dividend term					5 years
Series G | US Treasury (UST) Interest Rate
Class of Stock [Line Items]
Dividend term					5 years
Floating annual rate					4.971%
Series H
Class of Stock [Line Items]
Shares issued (in shares)					22,267	25,000
Shares outstanding (in shares)					22,267	25,000
Liquidation preference per share (in USD per share)					$ 100,000
Carrying value					$ 2,200	$ 2,470
Dividend rate in effect					4%
Dividend term					10 years
Series H | US Treasury (UST) Interest Rate
Class of Stock [Line Items]
Dividend term					10 years
Floating annual rate					3.079%
Series I
Class of Stock [Line Items]
Shares issued (in shares)					20,554	22,500
Shares outstanding (in shares)					20,554	22,500
Liquidation preference per share (in USD per share)				$ 100,000	$ 100,000
Carrying value					$ 2,030	$ 2,222
Dividend rate in effect				4%	4%
Dividend term					5 years
Series I | US Treasury (UST) Interest Rate
Class of Stock [Line Items]
Dividend term					5 years
Floating annual rate					3.168%
Series K
Class of Stock [Line Items]
Shares issued (in shares)					7,500	7,500
Shares outstanding (in shares)					7,500	7,500
Liquidation preference per share (in USD per share)		$ 100,000			$ 100,000
Carrying value					$ 740	$ 740
Dividend rate in effect		5%			5%
Dividend term					5 years
Series K | US Treasury (UST) Interest Rate
Class of Stock [Line Items]
Dividend term					5 years
Floating annual rate					3.256%
[1] Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information.

Stockholders' Equity - Dividend

Stockholders' Equity - Dividends Declared (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Class of Stock [Line Items]
Dividends declared	$ 438.4	$ 504.6	$ 456.1
Series A
Class of Stock [Line Items]
Dividends declared		$ 19.1	$ 28
Dividends declared, per share amount (in USD per share)		$ 47.73	$ 70
Series C
Class of Stock [Line Items]
Dividends declared			$ 18
Dividends declared, per share amount (in USD per share)			$ 30
Series D
Class of Stock [Line Items]
Dividends declared	$ 44.6	$ 44.6	$ 44.6
Dividends declared, per share amount (in USD per share)	$ 59.52	$ 59.52	$ 59.52
Series E
Class of Stock [Line Items]
Dividends declared		$ 37	$ 27.8
Dividends declared, per share amount (in USD per share)		$ 6,161.42	$ 4,625
Series F
Class of Stock [Line Items]
Dividends declared	$ 24.3	$ 25	$ 25
Dividends declared, per share amount (in USD per share)	$ 5,000	$ 5,000	$ 5,000
Series G, Series H, And Series I Preferred Stock
Class of Stock [Line Items]
Dividends declared	$ 3
Series G
Class of Stock [Line Items]
Dividends declared	$ 132.2	$ 134.4	$ 134.4
Dividends declared, per share amount (in USD per share)	$ 5,375	$ 5,375	$ 5,375
Series H
Class of Stock [Line Items]
Dividends declared	$ 90.4	$ 100	$ 97.2
Dividends declared, per share amount (in USD per share)	$ 4,000	$ 4,000	$ 3,888.89
Series I
Class of Stock [Line Items]
Dividends declared	$ 82.8	$ 90	$ 63.2
Dividends declared, per share amount (in USD per share)	$ 4,000	$ 4,000	$ 2,811.11
Series J
Class of Stock [Line Items]
Dividends declared	$ 26.7	$ 26.7	$ 17.9
Dividends declared, per share amount (in USD per share)	$ 44.52	$ 44.52	$ 29.8
Series K
Class of Stock [Line Items]
Dividends declared	$ 37.4	$ 27.8
Dividends declared, per share amount (in USD per share)	$ 5,000	$ 3,708.33

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income - Summary of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	$ 36,608	[1]	$ 56,261		$ 56,060
Other net changes	4,490		(21,512)		(6,503)
Balance at end of period	40,958	[1]	36,608	[1]	56,261
Accumulated other comprehensive income, tax expense (benefit)	1,549		(6,812)		(2,033)
Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(22,621)		(1,109)		5,394
Other net changes	4,490		(21,512)		(6,503)
Balance at end of period	(18,131)		(22,621)		(1,109)
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Parent
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Other net changes	2,653		(22,106)		(6,492)
Accumulated other comprehensive income, tax expense (benefit)	886		(6,994)		(2,029)
Net Unrealized Gain (Loss) On Securities Transferred To Held-To-Maturity
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Other net changes			13,851
Accumulated other comprehensive income, tax expense (benefit)			(4,377)
Other Reclassifications Included in Other Revenue from Sale of Securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Other net changes	46		7		(3)
Accumulated other comprehensive income, tax expense (benefit)	15		2		(1)
Net Unrealized Gain (Loss) On Securities Transferred From Available-For-Sale
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Other net changes			(13,851)
Accumulated other comprehensive income, tax expense (benefit)			(4,377)
Amortization Of Held-To-Maturity Securities Transferred From Available-For-Sale Attributable To Parent
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Other net changes	1,817		542
Accumulated other comprehensive income, tax expense (benefit)	657		165
Other Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Other net changes	(26)		45		(8)
Accumulated other comprehensive income, tax expense (benefit)	$ (9)		$ 15		$ (3)
[1] Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information.

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income - Narrative (Details) $ in Billions	Dec. 31, 2023 USD ($)
Equity [Abstract]
Remaining unamortized loss on securities transferred to held to maturity, net of tax	$ 11.5
Remaining unamortized loss on securities transferred to held to maturity, pretax	$ 15

Employee Incentive, Retiremen_3

Employee Incentive, Retirement, Deferred Compensation, and Career Achievement Plans - Stock-Based Compensation Expense and Related Income Tax Benefit (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	[1]	$ 320	$ 366	$ 254
Income tax benefit on share-based compensation expense		(76)	(88)	(60)
Stock option expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense		33	30	36
Restricted stock unit expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense		262	311	200
Employee stock purchase plan expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense		25	25	18
Share-Based Payment Arrangement, Option Exercised And Restricted Stock Units (RSUs) Vested
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Income tax benefit on share-based compensation expense		$ (31)	$ (51)	$ (93)
[1] Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information.

Employee Incentive, Retiremen_4

Employee Incentive, Retirement, Deferred Compensation, and Career Achievement Plans - Narrative (Details) $ in Millions		12 Months Ended
	May 17, 2022 shares	Dec. 31, 2023 USD ($) year shares	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common shares available for issuance (in shares) | shares		108,000,000
Total unrecognized compensation costs | $		$ 373
Company's total contribution expense | $		233	$ 217	$ 187
Deferred compensation liability | $		$ 215	175
Age of financial consultant when full vesting occurs | year		60
Years of service when full vesting occurs		10 years
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining weighted-average period for unrecognized compensation cost		9 months 18 days
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total fair value of restricted stock awards vested | $		$ 288	$ 282	$ 317
Restricted Stock Units Without Performance Conditions
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining weighted-average period for unrecognized compensation cost		1 year 9 months 18 days
Restricted Stock Units Without Performance Conditions | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		1 year
Restricted Stock Units Without Performance Conditions | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		4 years
Performance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining weighted-average period for unrecognized compensation cost		2 months 12 days
Award vesting period		3 years
2022 Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common shares available for issuance (in shares) | shares	113,000,000
Maximum number of contingently available common shares available for issuance (in shares) | shares	150,000,000
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for future issuance (in shares) | shares		25,000,000
Stock Option Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Period from the date of grant in which stock options expire		10 years
Stock Option Plan | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		1 year
Stock Option Plan | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		4 years

Employee Incentive, Retiremen_5

Employee Incentive, Retirement, Deferred Compensation, and Career Achievement Plans - Stock Option Activity (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Number of Options (in millions)
Beginning balance (in shares)	16,000
Granted (in shares)	3,000
Exercised (in shares)	(1,000)
Forfeited (in shares)	0
Expired (in shares)	0
Ending balance (in shares)	18,000	16,000
Vested and expected to vest (in shares)	17,000
Vested and exercisable (in shares)	13,000
Forfeited and expired (in shares)	500
Weighted- Average Exercise Price per Share
Beginning balance (in USD per share)	$ 42.98
Granted (in USD per share)	68.25
Exercised (in USD per share)	28.29
Forfeited (in USD per share)	63.16
Expired (in USD per share)	39.30
Ending balance (in USD per share)	48.69	$ 42.98
Vested and expected to vest (in USD per share)	48.44
Vested and exercisable (in USD per share)	$ 41.51
Weighted- Average Remaining Contractual Life (in years)
Outstanding	5 years 2 months 12 days	4 years 11 months 12 days
Vested and expected to vest	5 years 1 month 13 days
Vested and exercisable	3 years 10 months 2 days
Aggregate Intrinsic Value
Beginning balance	$ 646
Vested and expected to vest	377
Vested and exercisable	355
Ending balance	$ 379	$ 646

Employee Incentive, Retiremen_6

Employee Incentive, Retirement, Deferred Compensation, and Career Achievement Plans - Information on Stock Options Granted and Exercised (Details) - USD ($) $ / shares in Units, $ in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Retirement Benefits [Abstract]
Weighted-average fair value of options granted per share (in USD per share)		$ 19.72	$ 22.09	$ 19.51
Cash received from options exercised	[1]	$ 49	$ 64	$ 221
Tax benefit realized on options exercised		12	22	61
Aggregate intrinsic value of options exercised		$ 62	$ 113	$ 322
[1] Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information.

Employee Incentive, Retiremen_7

Employee Incentive, Retirement, Deferred Compensation, and Career Achievement Plans - Assumptions Used to Value Options Granted and Their Expected Lives (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average expected dividend yield	1.70%	1.18%	1.36%
Weighted-average expected volatility	31%	33%	37%
Weighted-average risk-free interest rate	3.90%	1.80%	0.80%
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life (in years)	4 years 1 month 6 days	4 years 1 month 6 days	4 years 2 months 12 days
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life (in years)	5 years 3 months 18 days	5 years 2 months 12 days	5 years 4 months 24 days

Employee Incentive, Retiremen_8

Employee Incentive, Retirement, Deferred Compensation, and Career Achievement Plans - Restricted Stock Units Activity (Details) shares in Thousands	12 Months Ended
	Dec. 31, 2023 $ / shares shares
Restricted Stock Units Without Performance Conditions (in millions)
Granted and forfeited (in shares)	500
Restricted Stock Units (RSUs)
Restricted Stock Units Without Performance Conditions (in millions)
Outstanding beginning balance (in shares)	11,000
Granted (in shares)	3,000
Vested (in shares)	(4,000)
Forfeited (in shares)	0
Outstanding ending balance (in shares)	10,000
Performance-Based Restricted Stock Units (in millions)
Outstanding beginning balance (in USD per share) | $ / shares	$ 62.12
Granted (in USD per share) | $ / shares	76.73
Vested (in USD per share) | $ / shares	50.60
Forfeited (in USD per share) | $ / shares	69.22
Outstanding ending balance (in USD per share) | $ / shares	$ 72.76
Restricted Stock Units Without Performance Conditions
Restricted Stock Units Without Performance Conditions (in millions)
Outstanding beginning balance (in shares)	7,000
Granted (in shares)	3,000
Vested (in shares)	(3,000)
Forfeited (in shares)	0
Outstanding ending balance (in shares)	7,000
Performance-Based Restricted Stock Units
Restricted Stock Units Without Performance Conditions (in millions)
Outstanding beginning balance (in shares)	4,000
Granted (in shares)	0
Vested (in shares)	(1,000)
Forfeited (in shares)	0
Outstanding ending balance (in shares)	3,000

Employee Incentive, Retiremen_9

Employee Incentive, Retirement, Deferred Compensation, and Career Achievement Plans - Changes in Projected Benefit Obligations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Projected benefit obligation at beginning of year	$ 78	$ 119
Benefit cost	12	19
Actuarial loss/(gain)	35	(60)
Projected benefit obligation at the end of year	$ 125	$ 78

Taxes on Income - Income Tax Ex

Taxes on Income - Income Tax Expense (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Current:
Federal		$ 1,658	$ 1,889	$ 1,507
State		131	334	298
Total current		1,789	2,223	1,805
Deferred:
Federal		(395)	(26)	38
State		(83)	8	15
Total deferred	[1]	(478)	(18)	53
Taxes on income		$ 1,311	$ 2,205	$ 1,858
[1] Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information.

Taxes on Income - Temporary Dif

Taxes on Income - Temporary Differences That Created Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Deferred tax assets:
Net unrealized loss on available for sale securities	$ 5,610	$ 7,159
Section 174 capitalization associated with internal-use software development	363	96
Employee compensation, severance, and benefits	272	251
Operating lease liabilities	216	242
Net operating loss carryforwards	8	9
Other	219	158
Total deferred tax assets	6,688	7,915
Valuation allowance	(16)	(9)
Deferred tax assets — net of valuation allowance	6,672	7,906
Deferred tax liabilities:
Amortization of acquired intangible assets	(1,758)	(1,837)
Capitalized internal-use software development costs	(200)	(187)
Operating lease ROU assets	(156)	(224)
Equipment, office facilities, and property	(109)	(151)
Other	(149)	(137)
Total deferred tax liabilities	(2,372)	(2,536)
Deferred tax asset — net	$ 4,300	$ 5,370

Taxes on Income - Reconciliatio

Taxes on Income - Reconciliation of Federal Statutory Income Tax Rate to Effective Income Tax Rate (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Federal statutory income tax rate	21%	21%	21%
State income taxes, net of federal tax benefit	1.60%	3.50%	3.40%
Research and development credits	(1.20%)	0%	0%
Equity compensation benefit	(0.50%)	(0.50%)	(1.20%)
Other	(0.30%)	(0.50%)	0.90%
Effective income tax rate	20.60%	23.50%	24.10%

Taxes on Income - Reconciliat_2

Taxes on Income - Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance at beginning of year	$ 205	$ 271
Additions for tax positions related to the current year	46	36
Additions for tax positions related to prior years	177	12
Reductions for tax positions related to prior years	(36)	(59)
Reductions due to lapse of statute of limitations	(8)	(13)
Reductions for settlements with tax authorities	(4)	(42)
Balance at end of year	$ 380	$ 205

Taxes on Income - Narrative (De

Taxes on Income - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Unrecognized tax benefits	$ 380	$ 205	$ 271
Unrecognized tax benefits that, if recognized, would affect the annual effective tax rate	315	165
Unrecognized tax benefits, interest and penalties accrued	$ 72	$ 41

Regulatory Requirements - Regul

Regulatory Requirements - Regulatory Capital and Ratios (Details) $ in Millions	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
CSC
Common Equity Tier 1 Risk-Based Capital
Actual Amount	$ 31,411	$ 30,590
Actual Ratio	0.245	0.219
Minimum Capital Requirement Amount	$ 5,770	$ 6,258
Minimum Capital Requirement Ratio	4.50%	4.50%
Tier 1 Risk-Based Capital
Actual Amount	$ 40,602	$ 40,296
Actual Ratio	0.317	0.289
Minimum Capital Requirement Amount	$ 7,694	$ 8,379
Minimum Capital Requirement Ratio	0.060	0.060
Total Risk-Based Capital
Actual Amount	$ 40,645	$ 40,376
Actual Ratio	0.317	0.289
Minimum Capital Requirement Amount	$ 10,258	$ 11,173
Minimum Capital Requirement Ratio	0.080	0.080
Tier 1 Leverage
Actual Amount	$ 40,602	$ 40,296
Actual Ratio	0.085	0.072
Minimum Capital Requirement Amount	$ 19,043	$ 22,512
Minimum Capital Requirement Ratio	0.040	0.040
Supplemental Leverage Ratio
Actual Amount	$ 40,602	$ 40,296
Actual Ratio	0.085	0.071
Minimum Capital Requirement Amount	$ 14,379	$ 17,004
Minimum Capital Requirement Ratio	0.030	0.030
CSB
Common Equity Tier 1 Risk-Based Capital
Actual Amount	$ 31,777	$ 27,296
Actual Ratio	0.379	0.274
Minimum to be Well Capitalized Amount	$ 5,448	$ 6,476
Minimum to be Well Capitalized Ratio	6.50%	6.50%
Minimum Capital Requirement Amount	$ 3,771	$ 4,483
Minimum Capital Requirement Ratio	4.50%	4.50%
Tier 1 Risk-Based Capital
Actual Amount	$ 31,777	$ 27,296
Actual Ratio	0.379	0.274
Minimum to be Well Capitalized Amount	$ 6,705	$ 7,970
Minimum to be Well Capitalized Ratio	0.080	0.080
Minimum Capital Requirement Amount	$ 5,029	$ 5,978
Minimum Capital Requirement Ratio	0.060	0.060
Total Risk-Based Capital
Actual Amount	$ 31,816	$ 27,370
Actual Ratio	0.380	0.275
Minimum to be Well Capitalized Amount	$ 8,381	$ 9,963
Minimum to be Well Capitalized Ratio	0.100	0.100
Minimum Capital Requirement Amount	$ 6,705	$ 7,970
Minimum Capital Requirement Ratio	0.080	0.080
Tier 1 Leverage
Actual Amount	$ 31,777	$ 27,296
Actual Ratio	0.101	0.073
Minimum to be Well Capitalized Amount	$ 15,793	$ 18,640
Minimum to be Well Capitalized Ratio	0.050	0.050
Minimum Capital Requirement Amount	$ 12,634	$ 14,912
Minimum Capital Requirement Ratio	0.040	0.040
Supplemental Leverage Ratio
Actual Amount	$ 31,777	$ 27,296
Actual Ratio	0.100	0.073
Minimum Capital Requirement Amount	$ 9,540	$ 11,275
Minimum Capital Requirement Ratio	0.030	0.030

Regulatory Requirements - Narra

Regulatory Requirements - Narrative (Details) - USD ($) $ in Millions		Jan. 03, 2024	Jan. 02, 2024	Dec. 31, 2023	Dec. 31, 2022
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total assets	[1]			$ 493,178	$ 551,772
Charles Schwab Premier Bank, SSB
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total assets				27,700	31,500
Charles Schwab Trust Bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total assets				10,200	13,000
Charles Schwab & Co., Inc.
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Cash and investments required to be segregated and on deposit for regulatory purposes				24,100	22,700
Charles Schwab & Co., Inc. | Reserve Deposit | Subsequent Event
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Net amount of segregated cash deposited into segregated reserve bank accounts		$ 3,200
TD Ameritrade Clearing Inc
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Cash and investments required to be segregated and on deposit for regulatory purposes				$ 9,700	$ 19,900
TD Ameritrade Clearing Inc | Reserve Deposit | Subsequent Event
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Net amount of segregated cash deposited into segregated reserve bank accounts			$ 767
[1] Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information.

Regulatory Requirements - Net C

Regulatory Requirements - Net Capital and Net Capital Requirements (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
CS&Co
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Net capital	$ 5,629,000	$ 5,386,000
Minimum dollar requirement	250	250
2% of aggregate debit balances	1,069,000	778,000
Net capital in excess of required net capital	4,560,000	4,608,000
TDAC
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Net capital	3,634,000	5,291,000
Minimum dollar requirement	1,500	1,500
2% of aggregate debit balances	440,000	626,000
Net capital in excess of required net capital	3,194,000	4,665,000
TD Ameritrade, Inc.
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Net capital	444,000	806,000
Minimum dollar requirement	250	250
2% of aggregate debit balances	0	0
Net capital in excess of required net capital	$ 444,000	$ 806,000

Segment Information - Narrative

Segment Information - Narrative (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) segment	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment	2
Revenues	$ 18,837,000,000	$ 20,762,000,000	$ 18,520,000,000
Intersegment Eliminations
Segment Reporting Information [Line Items]
Revenues	$ 0	$ 0	$ 0

Segment Information - Financial

Segment Information - Financial Information for Reportable Segments (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Net Revenues
Net interest revenue		$ 9,427	$ 10,682	$ 8,030
Total net revenues		18,837	20,762	18,520
Expenses Excluding Interest		12,459	11,374	10,807
Income before taxes on income		6,378	9,388	7,713
Capital expenditures		804	952	1,041
Depreciation and amortization		804	652	549
Amortization of acquired intangible assets	[1]	534	596	615
Asset management and administration fees
Net Revenues
Revenues from contracts with customers	[2]	4,756	4,216	4,274
Trading revenue
Net Revenues
Revenues from contracts with customers		3,230	3,673	4,152
Bank deposit account fees
Net Revenues
Revenues from contracts with customers		705	1,409	1,315
Other
Net Revenues
Revenues from contracts with customers		719	782	749
Investor Services
Net Revenues
Net interest revenue		7,095	7,819	6,052
Total net revenues		14,405	15,570	14,461
Expenses Excluding Interest		9,217	8,514	8,289
Income before taxes on income		5,188	7,056	6,172
Capital expenditures		586	702	771
Depreciation and amortization		595	471	399
Amortization of acquired intangible assets		441	479	499
Investor Services | Asset management and administration fees
Net Revenues
Revenues from contracts with customers		3,398	3,049	3,130
Investor Services | Trading revenue
Net Revenues
Revenues from contracts with customers		2,806	3,181	3,753
Investor Services | Bank deposit account fees
Net Revenues
Revenues from contracts with customers		524	916	964
Investor Services | Other
Net Revenues
Revenues from contracts with customers		582	605	562
Advisor Services
Net Revenues
Net interest revenue		2,332	2,863	1,978
Total net revenues		4,432	5,192	4,059
Expenses Excluding Interest		3,242	2,860	2,518
Income before taxes on income		1,190	2,332	1,541
Capital expenditures		218	250	270
Depreciation and amortization		209	181	150
Amortization of acquired intangible assets		93	117	116
Advisor Services | Asset management and administration fees
Net Revenues
Revenues from contracts with customers		1,358	1,167	1,144
Advisor Services | Trading revenue
Net Revenues
Revenues from contracts with customers		424	492	399
Advisor Services | Bank deposit account fees
Net Revenues
Revenues from contracts with customers		181	493	351
Advisor Services | Other
Net Revenues
Revenues from contracts with customers		$ 137	$ 177	$ 187
[1] Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information. No fee waivers were recognized for the year ended December 31, 2023. Includes fee waivers of $57 million and $326 million for the years ended December 31, 2022 and 2021, respectively.

Earnings Per Common Share - Nar

Earnings Per Common Share - Narrative (Details)	Dec. 31, 2023 stockClass
Earnings Per Share [Abstract]
Number of common stock classes	2

Earnings Per Common Share - Ear

Earnings Per Common Share - Earnings per Share under Basic and Diluted Computations (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income	[1]	$ 5,067	$ 7,183	$ 5,855
Preferred stock dividends and other		(418)	(548)	(495)
Net Income Available to Common Stockholders		$ 4,649	$ 6,635	$ 5,360
Weighted-average common shares outstanding - basic (in shares)		1,824	1,885	1,887
Basic earnings per share (in USD per share)	[2]	$ 2.55	$ 3.52	$ 2.84
Weighted-average common shares outstanding - diluted (in shares)		1,831	1,894	1,897
Diluted earnings per share (in USD per share)	[2]	$ 2.54	$ 3.50	$ 2.83
Antidilutive stock options and restricted stock units excluded from the calculation of diluted EPS (in shares)		19	15	16
Common Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income		$ 4,925	$ 6,926	$ 5,610
Preferred stock dividends and other		(406)	(528)	(474)
Net Income Available to Common Stockholders		$ 4,519	$ 6,398	$ 5,136
Weighted-average common shares outstanding - basic (in shares)		1,773	1,818	1,808
Basic earnings per share (in USD per share)		$ 2.55	$ 3.52	$ 2.84
Reallocation of net income available to common stockholders as a result of conversion of nonvoting to voting shares		$ 130	$ 237	$ 224
Allocation of net income available to common stockholders:		$ 4,649	$ 6,635	$ 5,360
Conversion of nonvoting shares to voting shares (in shares)		51	67	79
Common stock equivalent shares related to stock incentive plans (in shares)		7	9	10
Weighted-average common shares outstanding - diluted (in shares)		1,831	1,894	1,897
Diluted earnings per share (in USD per share)		$ 2.54	$ 3.50	$ 2.83
Nonvoting Common Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income		$ 142	$ 257	$ 245
Preferred stock dividends and other		(12)	(20)	(21)
Net Income Available to Common Stockholders		$ 130	$ 237	$ 224
Weighted-average common shares outstanding - basic (in shares)		51	67	79
Basic earnings per share (in USD per share)		$ 2.55	$ 3.52	$ 2.84
Reallocation of net income available to common stockholders as a result of conversion of nonvoting to voting shares		$ 0	$ 0	$ 0
Allocation of net income available to common stockholders:		$ 130	$ 237	$ 224
Conversion of nonvoting shares to voting shares (in shares)		0	0	0
Common stock equivalent shares related to stock incentive plans (in shares)		0	0	0
Weighted-average common shares outstanding - diluted (in shares)		51	67	79
Diluted earnings per share (in USD per share)		$ 2.54	$ 3.50	$ 2.83
[1] Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information. The Company has voting and nonvoting common stock outstanding. As the participation rights, including dividend and liquidation rights, are identical between the voting and nonvoting stock classes, basic and diluted earnings per share are the same for each class. See Notes 19 and 25 for additional information.

The Charles Schwab Corporatio_3

The Charles Schwab Corporation – Parent Company Only Financial Statements - Condensed Statements of Income (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Condensed Income Statements, Captions [Line Items]
Interest revenue		$ 16,111	$ 12,227	$ 8,506
Interest expense		(6,684)	(1,545)	(476)
Net interest revenue		9,427	10,682	8,030
Professional services		(1,058)	(1,032)	(994)
Regulatory fees and assessments		(547)	(262)	(275)
Compensation and benefits		(6,315)	(5,936)	(5,450)
Income tax benefit (expense)		(1,311)	(2,205)	(1,858)
Equity in net income of subsidiaries:
Net Income	[1]	5,067	7,183	5,855
Preferred stock dividends and other		418	548	495
Net Income Available to Common Stockholders		4,649	6,635	5,360
Other
Condensed Income Statements, Captions [Line Items]
Revenues from contracts with customers		719	782	749
Parent Company
Condensed Income Statements, Captions [Line Items]
Interest revenue		545	183	11
Interest expense		(717)	(501)	(355)
Net interest revenue		(172)	(318)	(344)
Professional services		(21)	(16)	(17)
Regulatory fees and assessments		(16)	(21)	(20)
Compensation and benefits		(8)	(73)	(87)
Other expenses excluding interest		(112)	(108)	(18)
Loss before income tax benefit and equity in net income of subsidiaries		(329)	(538)	(488)
Income tax benefit (expense)		60	32	32
Loss before equity in net income of subsidiaries		(269)	(506)	(456)
Equity in net income of subsidiaries:
Equity in undistributed net income (distributions in excess of net income) of subsidiaries		1,318	(2,432)	3,361
Dividends from bank subsidiaries		0	6,670	0
Dividends from non-bank subsidiaries		4,018	3,451	2,950
Net Income		5,067	7,183	5,855
Preferred stock dividends and other		418	548	495
Net Income Available to Common Stockholders		4,649	6,635	5,360
Parent Company | Other
Condensed Income Statements, Captions [Line Items]
Revenues from contracts with customers		$ 0	$ (2)	$ (2)
[1] Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information.

The Charles Schwab Corporatio_4

The Charles Schwab Corporation – Parent Company Only Financial Statements - Condensed Balance Sheets (Details) - USD ($) $ in Millions		Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021	Dec. 31, 2020
Assets
Cash and cash equivalents	[1],[2]	$ 43,337		$ 40,195		$ 62,975
Available for sale securities	[3]	107,646		147,871
Other assets	[3]	17,900		16,099
Total assets	[3]	493,178		551,772
Liabilities and Stockholders’ Equity
Accrued expenses and other liabilities	[3]	18,400		13,124
Total liabilities	[3]	452,220		515,164
Stockholders’ equity		40,958	[3]	36,608	[3]	$ 56,261	$ 56,060
Total liabilities and stockholders’ equity	[3]	493,178		551,772
Parent Company
Assets
Cash and cash equivalents		11,326		8,800
Receivables from subsidiaries		1,193		1,266
Available for sale securities		1,979		4,112
Loans to non-bank subsidiaries		613		0
Investment in non-bank subsidiaries		33,485		35,025
Investment in bank subsidiaries		18,324		8,245
Other assets		653		581
Total assets		67,573		58,029
Liabilities and Stockholders’ Equity
Accrued expenses and other liabilities		727		584
Payables to subsidiaries		66		54
Other short-term borrowings		0		248
Long-term debt		25,822		20,535
Total liabilities		26,615		21,421
Stockholders’ equity		40,958		36,608
Total liabilities and stockholders’ equity		$ 67,573		$ 58,029
[1] Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information. For more information on the nature of restrictions on restricted cash and cash equivalents, see Note 23. Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information.

The Charles Schwab Corporatio_5

The Charles Schwab Corporation – Parent Company Only Financial Statements - Condensed Statements of Cash Flows (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Cash Flows from Operating Activities
Net income	[1]	$ 5,067		$ 7,183		$ 5,855
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Other	[1]	702		490		372
Net change in:
Other assets	[1]	(2,020)		99		(1,152)
Accrued expenses and other liabilities	[1]	4,856		(3,526)		1,322
Net cash provided by (used for) operating activities	[1]	19,587		2,057		2,118
Cash Flows from Investing Activities
Purchases of available for sale securities	[1]	(1,487)		(51,009)		(171,732)
Proceeds from sales of available for sale securities	[1]	8,465		24,704		13,306
Principal payments on available for sale securities	[1]	36,508		49,944		94,912
Other investing activities	[1]	(287)		(136)		(143)
Net cash provided by (used for) investing activities	[1]	57,411		32,048		(75,663)
Cash Flows from Financing Activities
Issuances of long-term debt	[1]	6,097		2,971		7,036
Repayments of long-term debt	[1]	(831)		(1,036)		(1,822)
Repurchases of common stock and nonvoting common stock	[1]	(2,842)		(3,395)		0
Issuance of preferred stock, net	[1]	0		740		2,806
Redemption and repurchase of preferred stock	[1]	(467)		(1,000)		(600)
Dividends paid	[1]	(2,276)		(2,110)		(1,822)
Proceeds from stock options exercised	[1]	49		64		221
Net cash provided by (used for) financing activities	[1]	(61,245)		(68,723)		96,323
Increase (Decrease) in Cash and Cash Equivalents	[1]	15,753		(34,618)		22,778
Cash and Cash Equivalents, including Amounts Restricted at Beginning of Year	[1]	58,720	[2]	93,338	[2]	70,560
Cash and Cash Equivalents, including Amounts Restricted at End of Year	[1],[2]	74,473		58,720		93,338
Non-cash investing and financing activity:
Common stock repurchased during the period but settled after period end	[1]	0		40		0
Parent Company
Cash Flows from Operating Activities
Net income		5,067		7,183		5,855
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Dividends in excess of (equity in undistributed) earnings of subsidiaries		(1,318)		2,432		(3,361)
Other		(35)		53		21
Net change in:
Other assets		(106)		(230)		76
Accrued expenses and other liabilities		77		(5)		112
Net cash provided by (used for) operating activities		3,685		9,433		2,703
Cash Flows from Investing Activities
Due from (to) subsidiaries — net		(174)		333		211
Increase in investments in subsidiaries		(2,720)		(2,139)		(10,926)
Purchases of available for sale securities		(1,486)		(5,699)		(8,002)
Proceeds from sales of available for sale securities		0		2		2
Principal payments on available for sale securities		3,721		5,803		8,754
Other investing activities		(7)		(25)		0
Net cash provided by (used for) investing activities		(666)		(1,725)		(9,961)
Cash Flows from Financing Activities
Proceeds from short-term borrowings		344		1,895		8,253
Repayments of short-term borrowings		(598)		(4,656)		(5,250)
Issuances of long-term debt		6,097		2,971		7,036
Repayments of long-term debt		(800)		(256)		(1,200)
Repurchases of common stock and nonvoting common stock		(2,842)		(3,395)		0
Issuance of preferred stock, net		0		740		2,806
Redemption and repurchase of preferred stock		(467)		(1,000)		(600)
Dividends paid		(2,276)		(2,110)		(1,822)
Proceeds from stock options exercised		49		64		220
Net cash provided by (used for) financing activities		(493)		(5,747)		9,443
Increase (Decrease) in Cash and Cash Equivalents		2,526		1,961		2,185
Cash and Cash Equivalents, including Amounts Restricted at Beginning of Year		8,800		6,839		4,654
Cash and Cash Equivalents, including Amounts Restricted at End of Year		11,326		8,800		6,839
Non-cash investing and financing activity:
Exchange of TDA Holding-issued senior notes for CSC-issued senior notes		0		0		1,987
Common stock repurchased during the period but settled after period end		$ 0		$ 40		$ 0
[1] Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information. For more information on the nature of restrictions on restricted cash and cash equivalents, see Note 23.