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Lines of business (Tables)
 12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Contribution of Segments to Overall Profitability
The following consolidating schedules show the contribution of our businesses to our overall profitability.

For the year ended Dec. 31, 2016
Investment
Management

 
Investment
Services

 
Other

 
Consolidated

 
(dollar amounts in millions)
Fee and other revenue
$
3,424

(a) 
$
8,299

 
$
366

 
$
12,089

(a) 
Net interest revenue
327

 
2,797

 
14

 
3,138

 
Total revenue
3,751

(a)
11,096

 
380

 
15,227

(a)
Provision for credit losses
6

 
8

 
(25
)
 
(11
)
 
Noninterest expense
2,778

 
7,342

 
394

 
10,514

(b)
Income before taxes
$
967

(a) 
$
3,746

 
$
11

 
$
4,724

(a)(b)
Pre-tax operating margin (c)
26
%
 
34
%
 
N/M

 
31
%
 
Average assets
$
30,169

 
$
273,808

 
$
54,500

 
$
358,477

 
(a)
Both fee and other revenue and total revenue include the net income from consolidated investment management funds of $16 million, representing $26 million of income and noncontrolling interests of $10 million. Income before taxes is net of noncontrolling interests of $10 million.
(b)
Noninterest expense includes a loss attributable to noncontrolling interest of $9 million related to other consolidated subsidiaries.
(c)
Income before taxes divided by total revenue.


For the year ended Dec. 31, 2015
Investment
Management

 
Investment
Services

 
Other

 
Consolidated

 
(dollar amounts in millions)
Fee and other revenue
$
3,587

(a) 
$
8,177

 
$
336

 
$
12,100

(a) 
Net interest revenue
319

 
2,622

 
85

 
3,026

 
Total revenue
3,906

(a)
10,799

 
421

 
15,126

(a)
Provision for credit losses
(1
)
 
28

 
133

 
160

 
Noninterest expense
2,859

 
7,502

 
434

 
10,795

(b)
Income (loss) before taxes
$
1,048

(a) 
$
3,269

 
$
(146
)
 
$
4,171

(a)(b)
Pre-tax operating margin (c)
27
%
 
30
%
 
N/M

 
28
%
 
Average assets
$
30,928

 
$
286,617

 
$
54,642

 
$
372,187

 

(a)
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.
(b)
Noninterest expense includes a loss attributable to noncontrolling interest of $4 million related to other consolidated subsidiaries.
(c)
Income before taxes divided by total revenue.


For the year ended Dec. 31, 2014
Investment
Management

 
Investment
Services

 
Other

 
Consolidated

 
(dollar amounts in millions)
Fee and other revenue
$
3,657

(a) 
$
7,882

 
$
1,189

 
$
12,728

(a) 
Net interest revenue
274

 
2,468

 
138

 
2,880

 
Total revenue
3,931

(a)
10,350

 
1,327

 
15,608

(a)
Provision for credit losses
—

 
(21
)
 
(27
)
 
(48
)
 
Noninterest expense
3,039

 
8,241

 
897

 
12,177

 
Income before taxes
$
892

(a) 
$
2,130

 
$
457

 
$
3,479

(a)
Pre-tax operating margin (b)
23
%
 
21
%
 
N/M

 
22
%
 
Average assets
$
37,655

 
$
271,477

 
$
63,434

 
$
372,566

 

(a)
Both fee and other revenue and total revenue include 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.
(b)
Income before taxes divided by total revenue.