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Consolidated Income Statement - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Investment services fees:      
Foreign exchange and other trading revenue $ 768 $ 570 $ 674
Net securities gains 83 91 141
Total fee and other revenue 12,100 [1] 12,728 [2] 11,959 [3]
Net interest revenue      
Interest revenue 3,326 3,234 3,352
Interest expense 300 354 343
Net interest revenue 3,026 2,880 3,009
Provision for credit losses 160 (48) (35)
Net interest revenue after provision for credit losses 2,866 2,928 3,044
Noninterest expense      
Staff 5,837 5,845 6,019
Professional, legal and other purchased services 1,230 1,339 1,252
Software 627 620 596
Net occupancy 600 610 629
Distribution and servicing 381 428 435
Furniture and equipment 280 322 337
Sub-custodian 270 286 280
Business development 267 268 317
Amortization of intangible assets 261 298 342
Total noninterest expense 10,799 12,177 11,306
Income      
Income before income taxes 4,235 3,563 3,777
Provision for income taxes 1,013 912 1,592
Net income 3,222 2,651 2,185
Net (income) attributable to noncontrolling interests (includes $(68), $(84) and $(80) related to consolidated investment management funds, respectively) (64) (84) (81)
Net income applicable to shareholders of The Bank of New York Mellon Corporation 3,158 2,567 2,104
Preferred stock dividends (105) (73) (64)
Net income applicable to common shareholders of The Bank of New York Mellon Corporation 3,053 2,494 2,040
Reconciliation of net income to the net income applicable to common shareholders of The Bank of New York Mellon Corporation      
Net income applicable to common shareholders of The Bank of New York Mellon Corporation 3,053 2,494 2,040
Less: Earnings allocated to participating securities 43 43 37
Change in the excess of redeemable value over the fair value of noncontrolling interests     1
Net income applicable to the common shareholders of The Bank of New York Mellon Corporation after required adjustment for the calculation of basic and diluted earnings per common share $ 3,010 $ 2,451 $ 2,002
Average common shares and equivalents outstanding of The Bank of New York Mellon Corporation      
Basic (shares) 1,104,719 1,129,897 1,150,689
Common stock equivalents (shares) 17,290 20,037 16,874
Less: Participating securities (shares) (9,498) (12,454) (13,122)
Diluted (shares) 1,112,511 1,137,480 1,154,441
Anti-dilutive securities (shares) [4] 28,736 43,735 75,847
Basic:      
Basic (usd per share) [5] $ 2.73 $ 2.17 $ 1.74
Diluted:      
Diluted (usd per share) [5] $ 2.71 $ 2.15 $ 1.73
Operations      
Investment services fees:      
Asset servicing $ 4,187 $ 4,075 $ 3,905
Clearing services 1,375 1,335 1,264
Issuer services 978 968 1,090
Treasury services 555 564 554
Total investment services fees 7,095 6,942 6,813
Investment management and performance fees 3,438 3,492 3,395
Foreign exchange and other trading revenue 768 570 674
Financing-related fees 220 169 172
Distribution and servicing 162 173 180
Investment and other income 316 1,212 481
Total fee revenue 11,999 12,558 11,715
Net securities gains — including other-than-temporary impairment 82 92 146
Noncredit-related portion of other-than-temporary impairment (recognized in other comprehensive income) (1) 1 5
Net securities gains 83 91 141
Total fee and other revenue 12,082 12,649 11,856
Noninterest expense      
Staff 5,837 5,845 6,019
Professional, legal and other purchased services 1,230 1,339 1,252
Software 627 620 596
Net occupancy 600 610 629
Distribution and servicing 381 428 435
Furniture and equipment 280 322 337
Sub-custodian 270 286 280
Business development 267 268 317
Other 961 1,031 1,029
Amortization of intangible assets 261 298 342
Merger and integration, litigation and restructuring charges 85 1,130 70
Total noninterest expense 10,799 12,177 11,306
Investment Management funds      
Investment services fees:      
Total fee and other revenue 18 79 103
Operations of consolidated investment management funds      
Investment income 115 503 548
Interest of investment management fund note holders 29 340 365
Income from consolidated investment management funds 86 163 183
Income      
Net (income) attributable to noncontrolling interests (includes $(68), $(84) and $(80) related to consolidated investment management funds, respectively) $ (68) $ (84) $ (80)
[1] Both fee and other revenue and total revenue include the net income from consolidated investment management funds of $18 million, representing $86 million of income and noncontrolling interests of $68 million. Income before taxes is net of noncontrolling interests of $68 million.
[2] Both fee and other revenue and total revenue include the net income from consolidated investment management funds of $79 million, representing $163 million of income and noncontrolling interests of $84 million. Income before taxes is net of noncontrolling interests of $84 million.
[3] Both fee and other revenue and total revenue include net income from consolidated investment management funds of $103 million, representing $183 million of income and noncontrolling interests of $80 million. Income before taxes is net of noncontrolling interests of $80 million.
[4] Represents stock options, restricted stock, restricted stock units and participating securities outstanding but not included in the computation of diluted average common shares because their effect would be anti-dilutive.
[5] Basic and diluted earnings per share under the two-class method are determined on the net income applicable to common shareholders of The Bank of New York Mellon Corporation reported on the income statement less earnings allocated to participating securities, and the change in the excess of redeemable value over the fair value of noncontrolling interests, if applicable.