Revenue Recognition

12 Months Ended

Dec. 31, 2020

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Revenue Recognition

Disaggregated Revenue

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

Year Ended December 31,	2020		2019		2018
Net interest revenue
Interest revenue	$	6,531	$	7,580	$	6,680
Interest expense	(418)		(1,064)		(857)
Net interest revenue	6,113		6,516		5,823
Asset management and administration fees
Mutual funds, ETFs, and CTFs (1)	1,770		1,747		1,837
Advice solutions	1,443		1,198		1,139
Other (1)	262		266		253
Asset management and administration fees	3,475		3,211		3,229
Trading revenue
Commissions	739		549		685
Order flow revenue (2)	621		135		139
Principal transactions	56		68		78
Trading revenue (2)	1,416		752		902
Bank deposit account fees	355		—		—
Other (2)	332		242		178
Total net revenues	$	11,691	$	10,721	$	10,132

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

(2) Beginning in the first quarter of 2020, order flow revenue was reclassified from other revenue to trading revenue. Amounts in prior periods have been reclassified to reflect this change.

For a summary of revenue provided by our reportable segments, see Note 24. 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 were $579 million at December 31, 2020 and $356 million at December 31, 2019 and were recorded in other assets on the consolidated balance sheets. Schwab does not have any other significant contract assets or contract liability balances as of December 31, 2020 and 2019.