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Contract revenue (Tables)
 6 Months Ended
Jun. 30, 2020
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue The following table presents fee revenue related to contracts with customers, disaggregated by type of fee revenue, for each business segment. Business segment data has been determined on an internal management basis of accounting, rather than the generally accepted accounting principles used for consolidated financial reporting.

Disaggregation of contract revenue by business segment
 
Quarter ended
 
June 30, 2020
 
March 31, 2020
 
June 30, 2019 (a)
(in millions)
IS

IWM

Other

Total

 
IS

IWM

Other

Total

 
IS

IWM

Other

Total

Fee revenue - contract revenue:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investment services fees:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Asset servicing fees
$
1,147

$
25

$
(15
)
$
1,157

 
$
1,127

$
23

$
(11
)
$
1,139

 
$
1,095

$
20

$
(6
)
$
1,109

Clearing services fees
431

—

—

431

 
470

—

—

470

 
411

—

(1
)
410

Issuer services fees
277

—

—

277

 
263

—

—

263

 
291

—

—

291

Treasury services fees
144

—

1

145

 
149

—

—

149

 
140

1

—

141

Total investment services fees
1,999

25

(14
)
2,010

 
2,009

23

(11
)
2,021

 
1,937

21

(7
)
1,951

Investment management and performance fees
4

792

(5
)
791

 
5

862

(4
)
863

 
4

833

(4
)
833

Financing-related fees
23

1

—

24

 
28

—

—

28

 
16

—

1

17

Distribution and servicing
(7
)
34

—

27

 
(12
)
43

—

31

 
(13
)
44

—

31

Investment and other income
62

(41
)
3

24

 
72

(50
)
—

22

 
69

(48
)
—

21

Total fee revenue - contract revenue
2,081

811

(16
)
2,876

 
2,102

878

(15
)
2,965

 
2,013

850

(10
)
2,853

Fee and other revenue - not in scope of Accounting Standards Codification (“ASC”) 606 (b)(c)
258

27

54

339

 
334

(32
)
45

347

 
220

4

41

265

Total fee and other revenue
$
2,339

$
838

$
38

$
3,215

 
$
2,436

$
846

$
30

$
3,312

 
$
2,233

$
854

$
31

$
3,118

(a)
Restated to reflect the first quarter 2020 business segment reclassifications. There was no impact on total revenue, by type or in aggregate.
(b)
Primarily includes foreign exchange and other trading revenue, investment and other income (loss), financing-related fees, asset servicing fees, net securities gains (losses), all of which are accounted for using other accounting guidance.
(c)
The Investment and Wealth Management business includes income (loss) from consolidated investment management funds, net of noncontrolling interests, of $39 million in the second quarter of 2020, $(20) million in the first quarter of 2020 and $6 million in the second quarter of 2019.
IS - Investment Services segment.
IWM - Investment and Wealth Management segment.

Disaggregation of contract revenue by business segment
Year-to-date
 
June 30, 2020
 
June 30, 2019 (a)
(in millions)
IS

IWM

Other

Total

 
IS

IWM

Other

Total

Fee revenue - contract revenue:
 
 
 
 
 
 
 
 
 
Investment services fees:
 
 
 
 
 
 
 
 
 
Asset servicing fees
$
2,274

$
48

$
(26
)
$
2,296

 
$
2,176

$
40

$
(14
)
$
2,202

Clearing services fees
901

—

—

901

 
809

—

(1
)
808

Issuer services fees
540

—

—

540

 
542

—

—

542

Treasury services fees
293

—

1

294

 
272

1

—

273

Total investment services fees
4,008

48

(25
)
4,031

 
3,799

41

(15
)
3,825

Investment management and performance fees
9

1,654

(9
)
1,654

 
8

1,674

(8
)
1,674

Financing-related fees
51

1

—

52

 
33

—

1

34

Distribution and servicing
(19
)
77

—

58

 
(27
)
89

—

62

Investment and other income
134

(91
)
3

46

 
138

(97
)
—

41

Total fee revenue - contract revenue
4,183

1,689

(31
)
5,841

 
3,951

1,707

(22
)
5,636

Fee and other revenue - not in scope of ASC 606 (b)(c)
592

(5
)
99

686

 
443

16

71

530

Total fee and other revenue
$
4,775

$
1,684

$
68

$
6,527

 
$
4,394

$
1,723

$
49

$
6,166

(a)
Restated to reflect the first quarter 2020 business segment reclassifications. There was no impact on total revenue, by type or in aggregate.
(b)
Primarily includes foreign exchange and other trading revenue, investment and other income (loss), financing-related fees, asset servicing fees, net securities gains (losses), all of which are accounted for using other accounting guidance.
(c)
The Investment and Wealth Management business includes income from consolidated investment management funds, net of noncontrolling interests, of $19 million in the first six months of 2020 and $22 million in the first six months of 2019.
IS - Investment Services segment.
IWM - Investment and Wealth Management segment.