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DERIVATIVE ASSETS AND DERIVATIVE LIABILITIES (Tables) | 9 Months Ended
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Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Assets at Fair Value | The following table presents the gross fair values and notional amounts of derivatives by product type, the amounts of counterparty and cash collateral netting on our Condensed Consolidated Statements of Financial Condition, as well as collateral posted and received under credit support agreements that do not meet the criteria for netting under GAAP.
|  | June 30, 2026 |  | September 30, 2025
$ in millions |  | Derivative assets |  | Derivative liabilities |  | Notional amount |  | Derivative assets |  | Derivative liabilities |  | Notional amount
Derivatives not designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |  |
Interest rate |  | $ | 260 |  |  | $ | 271 |  |  | $ | 19,145 |  |  | $ | 306 |  |  | $ | 309 |  |  | $ | 20,446 |
Foreign exchange |  | — |  |  | 1 |  |  | 416 |  |  | — |  |  | 2 |  |  | 539 |
Other |  | — |  |  | — |  |  | 921 |  |  | — |  |  | 2 |  |  | 1,096 |
Subtotal |  | 260 |  |  | 272 |  |  | 20,482 |  |  | 306 |  |  | 313 |  |  | 22,081 |
Derivatives designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |  |
Interest rate |  | — |  |  | — |  |  | 300 |  |  | — |  |  | — |  |  | 850 |
Foreign exchange |  | 1 |  |  | — |  |  | 1,247 |  |  | 1 |  |  | — |  |  | 1,242 |
Subtotal |  | 1 |  |  | — |  |  | 1,547 |  |  | 1 |  |  | — |  |  | 2,092 |
Total gross fair value/notional amount |  | 261 |  |  | 272 |  |  | $ | 22,029 |  |  | 307 |  |  | 313 |  |  | $ | 24,173 |
Offset on the Condensed Consolidated Statements of Financial Condition |  |  |  |  |  |  |  |  |  |  |  |
Counterparty netting |  | (34) |  |  | (34) |  |  |  |  | (92) |  |  | (92) |  |  |
Cash collateral netting |  | (195) |  |  | (23) |  |  |  |  | (147) |  |  | (31) |  |  |
Total amounts offset |  | (229) |  |  | (57) |  |  |  |  | (239) |  |  | (123) |  |  |
Net amounts presented on the Condensed Consolidated Statements of Financial Condition |  | $ | 32 |  |  | $ | 215 |  |  |  |  | $ | 68 |  |  | $ | 190 |  |  |
Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition |  |  |  |  |  |  |  |  |  |  |  |
Financial instruments |  | (2) |  |  | — |  |  |  |  | (1) |  |  | — |  |  |
Total |  | $ | 30 |  |  | $ | 215 |  |  |  |  | $ | 67 |  |  | $ | 190 |  |  |
Schedule of Derivative Liabilities at Fair Value | The following table presents the gross fair values and notional amounts of derivatives by product type, the amounts of counterparty and cash collateral netting on our Condensed Consolidated Statements of Financial Condition, as well as collateral posted and received under credit support agreements that do not meet the criteria for netting under GAAP.
|  | June 30, 2026 |  | September 30, 2025
$ in millions |  | Derivative assets |  | Derivative liabilities |  | Notional amount |  | Derivative assets |  | Derivative liabilities |  | Notional amount
Derivatives not designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |  |
Interest rate |  | $ | 260 |  |  | $ | 271 |  |  | $ | 19,145 |  |  | $ | 306 |  |  | $ | 309 |  |  | $ | 20,446 |
Foreign exchange |  | — |  |  | 1 |  |  | 416 |  |  | — |  |  | 2 |  |  | 539 |
Other |  | — |  |  | — |  |  | 921 |  |  | — |  |  | 2 |  |  | 1,096 |
Subtotal |  | 260 |  |  | 272 |  |  | 20,482 |  |  | 306 |  |  | 313 |  |  | 22,081 |
Derivatives designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |  |
Interest rate |  | — |  |  | — |  |  | 300 |  |  | — |  |  | — |  |  | 850 |
Foreign exchange |  | 1 |  |  | — |  |  | 1,247 |  |  | 1 |  |  | — |  |  | 1,242 |
Subtotal |  | 1 |  |  | — |  |  | 1,547 |  |  | 1 |  |  | — |  |  | 2,092 |
Total gross fair value/notional amount |  | 261 |  |  | 272 |  |  | $ | 22,029 |  |  | 307 |  |  | 313 |  |  | $ | 24,173 |
Offset on the Condensed Consolidated Statements of Financial Condition |  |  |  |  |  |  |  |  |  |  |  |
Counterparty netting |  | (34) |  |  | (34) |  |  |  |  | (92) |  |  | (92) |  |  |
Cash collateral netting |  | (195) |  |  | (23) |  |  |  |  | (147) |  |  | (31) |  |  |
Total amounts offset |  | (229) |  |  | (57) |  |  |  |  | (239) |  |  | (123) |  |  |
Net amounts presented on the Condensed Consolidated Statements of Financial Condition |  | $ | 32 |  |  | $ | 215 |  |  |  |  | $ | 68 |  |  | $ | 190 |  |  |
Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition |  |  |  |  |  |  |  |  |  |  |  |
Financial instruments |  | (2) |  |  | — |  |  |  |  | (1) |  |  | — |  |  |
Total |  | $ | 30 |  |  | $ | 215 |  |  |  |  | $ | 67 |  |  | $ | 190 |  |  |
Schedule of Net Investment Hedges in Accumulated Other Comprehensive Income (Loss) | The following table details the gains/(losses) included in AOCI, net of income taxes, on derivatives designated as hedging instruments. These amounts do not include any offsetting gains/(losses) on the related hedged item. These gains/(losses) included any amounts reclassified from AOCI to net income during the period. See Note 18 for additional information.
|  | Three months ended June 30, |  | Nine months ended June 30,
$ in millions |  | 2026 |  | 2025 |  | 2026 |  | 2025
Interest rate (cash flow hedges) |  | $ | (1) |  |  | $ | (3) |  |  | $ | (3) |  |  | $ | (2) |
Foreign exchange (net investment hedges) |  | 23 |  |  | (46) |  |  | 29 |  |  | 14 |
Total gains/(losses) included in AOCI, net of taxes |  | $ | 22 |  |  | $ | (49) |  |  | $ | 26 |  |  | $ | 12 |
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) | The following table details the gains/(losses) included in AOCI, net of income taxes, on derivatives designated as hedging instruments. These amounts do not include any offsetting gains/(losses) on the related hedged item. These gains/(losses) included any amounts reclassified from AOCI to net income during the period. See Note 18 for additional information.
|  | Three months ended June 30, |  | Nine months ended June 30,
$ in millions |  | 2026 |  | 2025 |  | 2026 |  | 2025
Interest rate (cash flow hedges) |  | $ | (1) |  |  | $ | (3) |  |  | $ | (3) |  |  | $ | (2) |
Foreign exchange (net investment hedges) |  | 23 |  |  | (46) |  |  | 29 |  |  | 14 |
Total gains/(losses) included in AOCI, net of taxes |  | $ | 22 |  |  | $ | (49) |  |  | $ | 26 |  |  | $ | 12 |
Schedule of Gains (Losses) on Derivatives Not Designated as Hedging Instruments | The following table details the gains/(losses) on derivatives not designated as hedging instruments recognized on the Condensed Consolidated Statements of Income and Comprehensive Income. These amounts do not include any offsetting gains/(losses) on the related hedged item.
$ in millions |  |  |  | Three months ended June 30, |  | Nine months ended June 30,
| Location of gains/(losses) |  | 2026 |  | 2025 |  | 2026 |  | 2025
Interest rate |  | Principal transactions/other revenue |  | $ | 2 |  |  | $ | 4 |  |  | $ | 8 |  |  | $ | 11 |
Foreign exchange (1) |  | Principal transactions/other revenue |  | $ | 6 |  |  | $ | (48) |  |  | $ | 14 |  |  | $ | — |
Other |  | Principal transactions |  | $ | — |  |  | $ | (6) |  |  | $ | 3 |  |  | $ | (3) |
(1)The impacts included in our Condensed Consolidated Statements of Income and Comprehensive Income of these amounts net of the gains/(losses) on the related hedged item were net gains of $1 million and $3 million for the three months ended June 30, 2026 and 2025, respectively, and net gains of $4 million and $7 million for the nine months ended June 30, 2026 and 2025, respectively.

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