Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2017

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations

The following table presents the aggregate carrying amounts of the classes of assets and liabilities presented as discontinued operations within the Company’s Consolidated Statements of Financial Position (in millions):

	December 31, 2017 (1)		December 31, 2016
ASSETS
Cash and cash equivalents	$	—	$	5
Receivables, net	—		483
Fiduciary assets	—		526
Goodwill	—		1,337
Intangible assets, net	—		333
Fixed assets, net	—		215
Other assets	—		295
TOTAL ASSETS	$	—	$	3,194
LIABILITIES
Accounts payable and accrued liabilities	$	—	$	197
Fiduciary liabilities	—		526
Other liabilities	—		356
TOTAL LIABILITIES	$	—	$	1,079

(1) All assets and liabilities associated with the Divested Business were sold on May 1, 2017.

The following table presents the financial results of the Divested Business (in millions):

	Years ended December 31
	2017		2016		2015
Revenue
Total revenue	$	698	$	2,218	$	2,202
Expenses
Total operating expenses	656		1,950		1,941
Operating Income from discontinued operations	42		268		261
Other income	10		—		—
Income from discontinued operations before income taxes	52		268		261
Income taxes	3		91		92
Income from discontinued operations excluding gain, net of tax	49		177		169
Gain on sale of discontinued operations, net of tax	779		—		—
Income from discontinued operations, net of tax	$	828	$	177	$	169