Company: TFC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000092230-25-000020
Chunk: 19

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 3
Chunk 19
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 (11)4,157 20 (18)Total37,738 119 (76)35,514 103 (137)Total derivatives not designated as hedges302,241 2,824 (4,700)309,840 2,828 (4,682)Total derivatives$416,320 2,824 (4,700)$365,959 2,828 (4,682)Gross amounts in the Consolidated Balance Sheets:    Amounts subject to master netting arrangements and exchange traded derivatives(1,408)1,408  (1,268)1,268 Cash collateral (received) posted for amounts subject to master netting arrangements (450)1,006  (609)817 Net amount $966 $(2,286) $951 $(2,597)

152   Truist Financial Corporation

The following table presents the offsetting of derivative instruments including financial instrument collateral related to legally enforceable master netting agreements and amounts held or pledged as collateral. U.S. GAAP does not permit netting of non-cash collateral balances in the Consolidated Balance Sheets:December 31, 2024(Dollars in millions)Gross AmountAmount OffsetNet Amount in Consolidated Balance SheetsHeld/Pledged Financial InstrumentsNet AmountDerivative assets:Derivatives subject to master netting arrangement or similar arrangement$1,599 $(1,293)$306 $— $306 Derivatives not subject to master netting arrangement or similar arrangement78 — 78 — 78 Exchange traded derivatives1,147 (565)582 — 582 Total derivative assets$2,824 $(1,858)$966 $— $966 Derivative liabilities:Derivatives subject to master netting arrangement or similar arrangement$(3,379)$1,849 $(1,530)$94 $(1,436)Derivatives not subject to master netting arrangement or similar arrangement(752)— (752)— (752)Exchange traded derivatives(569)565 (4)— (4)Total derivative liabilities$(4,700)$2,414 $(2,286)$94 $(2,192)December 31, 2023(Dollars in millions)Gross AmountAmount OffsetNet Amount in Consolidated Balance SheetsHeld/Pledged Financial InstrumentsNet AmountDerivative assets:Der