Revenue from Contracts with Customers

9 Months Ended

Sep. 30, 2020

Revenue from Contract with Customer [Abstract]

Revenue from Contracts with Customers

REVENUE FROM CONTRACTS WITH CUSTOMERS

Revenue from contracts with customers comprises the noninterest income earned by the Corporation in exchange for services provided to customers. The following table presents the composition of revenue from contracts with customers, segregated from other sources of noninterest income, by business segment.

	Commercial Bank		Retail Bank		Wealth Management		Finance & Other		Total
(in millions)
Three Months Ended September 30, 2020
Revenue from contracts with customers:
Card fees	$	60	$	11	$	—	$	—	$	71
Service charges on deposit accounts	33		12		2		—		47
Fiduciary income	—		—		51		—		51
Commercial loan servicing fees (a)	5		—		—		—		5
Brokerage fees	—		—		5		—		5
Other noninterest income (b)	8		2		4		—		14
Total revenue from contracts with customers	106		25		62		—		193
Other sources of noninterest income	29		3		2		25		59
Total noninterest income	$	135	$	28	$	64	$	25	$	252
Three Months Ended September 30, 2019
Revenue from contracts with customers:
Card fees	$	55	$	11	$	1	$	—	$	67
Service charges on deposit accounts	32		18		1		—		51
Fiduciary income	—		—		53		—		53
Commercial loan servicing fees (a)	5		—		—		—		5
Brokerage fees	—		—		7		—		7
Other noninterest income (b)	1		1		5		—		7
Total revenue from contracts with customers	93		30		67		—		190
Other sources of noninterest income	47		1		2		16		66
Total noninterest income	$	140	$	31	$	69	$	16	$	256
Nine Months Ended September 30, 2020
Revenue from contracts with customers:
Card fees	$	168	$	28	$	2	$	—	$	198
Service charges on deposit accounts	95		39		4		—		138
Fiduciary income	—		—		157		—		157
Commercial loan servicing fees (a)	13		—		—		—		13
Brokerage fees	—		—		17		—		17
Other noninterest income (b)	23		7		13		—		43
Total revenue from contracts with customers	299		74		193		—		566
Other sources of noninterest income	107		6		7		50		170
Total noninterest income	$	406	$	80	$	200	$	50	$	736
Nine Months Ended September 30, 2019
Revenue from contracts with customers:
Card fees	$	162	$	30	$	3	$	—	$	195
Service charges on deposit accounts	98		52		3		—		153
Fiduciary income	—		—		154		—		154
Commercial loan servicing fees (a)	13		—		—		—		13
Brokerage fees	—		—		21		—		21
Other noninterest income (b)	5		8		14		—		27
Total revenue from contracts with customers	278		90		195		—		563
Other sources of noninterest income	134		5		6		36		181
Total noninterest income	$	412	$	95	$	201	$	36	$	744

(a)Included in commercial lending fees on the Consolidated Statements of Comprehensive Income.

(b)Excludes derivative, warrant and other miscellaneous income.

    Adjustments to revenue during the three- and nine-month periods ended September 30, 2020 and 2019 for refunds or credits relating to prior periods were not significant.

    Revenue from contracts with customers did not generate significant contract assets and liabilities.