Analysis: Deferred Assets and Liabilities, Net

Entity Registrant Name JPMORGAN CHASE & CO
CIK 0000019617
Accession number 0000019617-14-000289
Link to XBRL instance http://www.sec.gov/Archives/edgar/data/19617/000001961714000289/jpm-20131231.xml
Fiscal year end --12-31
Fiscal year focus 2013
Fiscal period focus Q4
Current balance sheet date 2013-12-31
Current year-to-date income statement start date 2013-01-01
Commentary Conforms with all rules.
Level 3 Text Block concept us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
The significant components of deferred tax assets and liabilities are reflected in the following table as of December 31, 2013 and 2012.
Deferred taxes
 
 
 
 
December 31, (in millions)
 
2013

 
2012

Deferred tax assets
 
 
 
 
Allowance for loan losses
 
$
6,593

 
$
8,712

Employee benefits
 
4,468

 
4,308

Accrued expenses and other
 
9,179

 
12,393

Non-U.S. operations
 
5,493

 
3,537

Tax attribute carryforwards
 
748

 
1,062

Gross deferred tax assets
 
26,481

 
30,012

Valuation allowance
 
(724
)
 
(689
)
Deferred tax assets, net of valuation allowance
 
$
25,757

 
$
29,323

Deferred tax liabilities
 
 
 
 
Depreciation and amortization
 
$
3,196

 
$
2,563

Mortgage servicing rights, net of hedges
 
5,882

 
5,336

Leasing transactions
 
2,352

 
2,242

Non-U.S. operations
 
4,705

 
3,582

Other, net
 
3,459

 
4,340

Gross deferred tax liabilities
 
19,594

 
18,063

Net deferred tax assets
 
$
6,163

 
$
11,260

Level 4 Details Key Concepts: Deferred tax assets (liabilities)

Description Fact value US GAAP XBRL Concept
Deferred tax assets, gross 26,481,000,000 us-gaap:DeferredTaxAssetsGross
Valuation allowance -724,000,000 us-gaap:DeferredTaxAssetsValuationAllowance
Deferred tax assets, net 25,757,000,000 us-gaap:DeferredTaxAssetsNet
Deferred tax liabilities -19,594,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net 6,163,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
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(Classified balance sheet) Deferred tax assets (liabilities), net components current/noncurrent asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets, net, current 0
Deferred tax assets, net, noncurrent 0
Deferred tax liabilities, net, current 0
Deferred tax liabilities, net, noncurrent 0 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net 6,163,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
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(Unclassified balance sheet) Deferred tax assets (liabilities), net components asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets 25,757,000,000
Deferred tax liabilities, net -19,594,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net 6,163,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

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