Capital rollforward Capital components 97 JPMorgan Chase & Co./2020 Form 10-K The following table presents the changes in Basel III CET1 capital, Tier 1 capital and Tier 2 capital for the year ended December 31, 2020. The following table presents reconciliations of total stockholders’ equity to Basel III CET1 capital, Tier 1 capital and Total capital as of December 31, 2020 and 2019. (in millions) December 31, 2020 December 31, 2019 Total stockholders’ equity $ 279,354 $ 261,330  Less: Preferred stock 30,063  26,993  Common stockholders’ equity 249,291 234,337  Add: Certain deferred tax liabilities 2,453  2,381  Less: Goodwill 49,248  47,823  Other intangible assets 904  819  Other CET1 capital adjustments (3,486) 323  Standardized/Advanced CET1 capital 205,078 187,753  Preferred stock 30,063  26,993  Less: Other Tier 1 adjustments 297  314  Standardized/Advanced Tier 1 capital $ 234,844 $ 214,432  Long-term debt and other instruments qualifying as Tier 2 capital $ 16,645 $ 13,733  Qualifying allowance for credit losses 18,372  14,314  Other 62  110  Standardized Tier 2 capital $ 35,079 $ 28,157  Standardized Total capital $ 269,923 $ 242,589  Adjustment in qualifying allowance for credit losses for Advanced Tier 2 capital (12,695) (10,477) Advanced Tier 2 capital $ 22,384 $ 17,680  Advanced Total capital $ 257,228 $ 232,112  (a) (b) (c) (d) Year Ended December 31, (in millions) 2020 Standardized/Advanced CET1 capital at December 31, 2019 $ 187,753  Net income applicable to common equity 27,548  Dividends declared on common stock (11,119) Net purchase of treasury stock (5,135) Changes in additional paid-in capital (128) Changes related to AOCI 6,417  Adjustment related to AOCI (1,829) Changes related to other CET1 capital adjustments 1,571  Change in Standardized/Advanced CET1 capital 17,325  Standardized/Advanced CET1 capital at December 31, 2020 $ 205,078 Standardized/Advanced Tier 1 capital at December 31, 2019 $ 214,432  Change in CET1 capital 17,325  Net issuance of noncumulative perpetual preferred stock 3,070  Other 17  Change in Standardized/Advanced Tier 1 capital 20,412  Standardized/Advanced Tier 1 capital at December 31, 2020 $ 234,844 Standardized Tier 2 capital at December 31, 2019 $ 28,157  Change in long-term debt and other instruments qualifying as Tier 2 2,912  Change in qualifying allowance for credit losses 4,058  Other (48) Change in Standardized Tier 2 capital 6,922  Standardized Tier 2 capital at December 31, 2020 $ 35,079 Standardized Total capital at December 31, 2020 $ 269,923 Advanced Tier 2 capital at December 31, 2019 $ 17,680  Change in long-term debt and other instruments qualifying as Tier 2 2,912  Change in qualifying allowance for credit losses 1,840  Other (48) Change in Advanced Tier 2 capital 4,704  Advanced Tier 2 capital at December 31, 2020 $ 22,384 Advanced Total capital at December 31, 2020 $ 257,228 (a) (b) (b) (b) (b) (a) Includes cash flow hedges and DVA related to structured notes recorded in AOCI. (b) Includes the impact of the CECL capital transition provisions. (a) Represents deferred tax liabilities related to tax-deductible goodwill and to identifiable intangibles created in nontaxable transactions, which are netted against goodwill and other intangibles when calculating CET1 capital. (b) As of December 31, 2020, the impact of the CECL capital transition provision was an increase in CET1 capital of $5.7 billion. (c) Represents the allowance for credit losses eligible for inclusion in Tier 2 capital up to 1.25% of credit risk RWA, including the impact of the CECL capital transition provision with any excess deducted from RWA. (d) Represents an adjustment to qualifying allowance for credit losses for the excess of eligible credit reserves over expected credit losses up to 0.6% of credit risk RWA, including the impact of the CECL capital transition provision with any excess deducted from RWA.