Revenue Recognition

3 Months Ended

Mar. 31, 2019

Revenue from Contract with Customer [Abstract]

Disaggregated Revenue

Disaggregation of Schwab’s revenue by major source is as follows:



	Three Months Ended March 31,
	2019			2018
Net interest revenue
Interest revenue	$	1,998		$	1,421
Interest expense	(317		)	(158		)
Net interest revenue	1,681			1,263
Asset management and administration fees
Mutual funds, ETFs, and collective trust funds (CTFs) ⁽¹⁾	414			504
Advice solutions	278			282
Other ⁽¹⁾	63			65
Asset management and administration fees	755			851
Trading revenue
Commissions	163			189
Principal transactions	22			12
Trading revenue	185			201
Other	102			83
Total net revenues	$	2,723		$	2,398

⁽¹⁾ Beginning in the first quarter of 2019, a change was made to move CTFs from other asset management and administration fees. Prior periods have been recast to reflect this change.

For a summary of revenue provided by our reportable segments, see Note 16. The recognition of revenue is not impacted by the operating segment in which revenue is generated.

Contract balances

Receivables from contracts with customers within the scope of Accounting Standards Codification (ASC) 606, Revenue From Contracts With Customers (ASC 606) were $315 million at March 31, 2019 and $307 million at December 31, 2018 and were recorded in other assets on the condensed consolidated balance sheets. Schwab does not have any other significant contract assets or contract liability balances as of March 31, 2019.

Unsatisfied performance obligations

We do not have any unsatisfied performance obligations other than those that are subject to an elective practical expedient under ASC 606. The practical expedient applies to and is elected for contracts where we recognize revenue at the amount to which we have the right to invoice for services performed.