Revenue Recognition

3 Months Ended

Mar. 31, 2020

Revenue from Contract with Customer [Abstract]

Disaggregated Revenue

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



	Three Months Ended March 31,
	2020			2019
Net interest revenue
Interest revenue	$	1,708		$	1,998
Interest expense	(136		)	(317		)
Net interest revenue	1,572			1,681
Asset management and administration fees
Mutual funds, ETFs, and CTFs	452			414
Advice solutions	312			278
Other	63			63
Asset management and administration fees	827			755
Trading revenue
Commissions	113			163
Principal transactions	20			22
Order flow revenue ⁽¹⁾	55			32
Trading revenue ⁽¹⁾	188			217
Other ⁽¹⁾	30			70
Total net revenues	$	2,617		$	2,723

⁽¹⁾ In the first quarter of 2020, order flow revenue was reclassified from other revenue to trading revenue. Prior period amounts have been reclassified to reflect this change.

For a summary of revenue provided by our reportable segments, see Note 15. 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 ASC 606, Revenue From Contracts With Customers (ASC 606) were $588 million at March 31, 2020 and $356 million at December 31, 2019 and were recorded in other assets on the condensed consolidated balance sheets. Schwab did not have any other significant contract assets or contract liability balances as of March 31, 2020 or December 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.