XML 48 R35.htm IDEA: XBRL DOCUMENT v3.22.2.2
Contract revenue (Tables)
 9 Months Ended
Sep. 30, 2022
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue The following tables present fee and other 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 GAAP, which is used for consolidated financial reporting.
Disaggregation of contract revenue by business segment
Quarter ended
Sept. 30, 2022Sept. 30, 2021
(in millions)Securities ServicesMarket and Wealth ServicesInvestment and Wealth ManagementOtherTotalSecurities ServicesMarket and Wealth ServicesInvestment and Wealth ManagementOtherTotal
Fee and other revenue – contract revenue:
Investment services fees$1,233 $903 $26 $(16)$2,146 $1,260 $810 $26 $(17)$2,079 
Investment management and performance fees— 5 800 (3)802 — 5 901 (6)900 
Financing-related fees7 3 — 1 11 4 12 — — 16 
Distribution and servicing fees1 (23)55 — 33 1 (2)28 1 28 
Investment and other revenue56 49 (76)(1)28 35 3 (10)— 28 
Total fee and other revenue – contract revenue1,297 937 805 (19)3,020 1,300 828 945 (22)3,051 
Fee and other revenue – not in scope of Accounting Standards Codification (“ASC”) 606 (a)(b)
239 52 — 42 333 188 62 40 57 347 
Total fee and other revenue$1,536 $989 $805 $23 $3,353 $1,488 $890 $985 $35 $3,398 
(a)    Primarily includes investment services fees, foreign exchange revenue, financing-related fees and investment and other revenue, all of which are accounted for using other accounting guidance.
(b)    The Investment and Wealth Management business segment is net of (loss) attributable to noncontrolling interests related to consolidated investment management funds of $— million in the third quarter of 2022 and $(4) million in the third quarter of 2021.


Disaggregation of contract revenue by business segmentQuarter ended
June 30, 2022
(in millions)Securities ServicesMarket and Wealth ServicesInvestment and Wealth ManagementOtherTotal
Fee and other revenue – contract revenue:
Investment services fees$1,294 $898 $24 $(17)$2,199 
Investment management and performance fees— 6 822 (2)826 
Financing-related fees11 4 — — 15 
Distribution and servicing fees1 (17)51 (1)34 
Investment and other revenue54 38 (66)1 27 
Total fee and other revenue – contract revenue1,360 929 831 (19)3,101 
Fee and other revenue – not in scope of ASC 606 (a)(b)
189 45 6 94 334 
Total fee and other revenue$1,549 $974 $837 $75 $3,435 
(a)    Primarily includes investment services fees, foreign exchange revenue, financing-related fees and investment and other revenue, all of which are accounted for using other accounting guidance.
(b)    The Investment and Wealth Management business segment is net of (loss) attributable to noncontrolling interests related to consolidated investment management funds of $(5) million in the second quarter of 2022.
Disaggregation of contract revenue by business segment
Year-to-date
Sept. 30, 2022Sept. 30, 2021
(in millions)Securities ServicesMarket and Wealth ServicesInvestment and Wealth ManagementOtherTotalSecurities ServicesMarket and Wealth ServicesInvestment and Wealth ManagementOtherTotal
Fee and other revenue – contract revenue:
Investment services fees$3,657 $2,647 $75 $(50)$6,329 $3,685 $2,474 $75 $(51)$6,183 
Investment management and performance fees— 17 2,509 (11)2,515 — 13 2,654 (15)2,652 
Financing-related fees21 21 — 1 43 13 39 — — 52 
Distribution and servicing fees3 (44)138 — 97 4 (4)84 — 84 
Investment and other revenue157 96 (169)(1)83 100 6 (28)— 78 
Total fee and other revenue – contract revenue3,838 2,737 2,553 (61)9,067 3,802 2,528 2,785 (66)9,049 
Fee and other revenue – not in scope of ASC 606 (a)(b)
650 132 (4)179 957 550 179 95 96 920 
Total fee and other revenue$4,488 $2,869 $2,549 $118 $10,024 $4,352 $2,707 $2,880 $30 $9,969 
(a)    Primarily includes investment services fees, foreign exchange revenue, financing-related fees and investment and other revenue, all of which are accounted for using other accounting guidance.
(b)    The Investment and Wealth Management business segment is net of (loss) income attributable to noncontrolling interests related to consolidated investment management funds of $(13) million in the first nine months of 2022 and $6 million in the first nine months of 2021.