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Revenue Recognition
 6 Months Ended
Jun. 30, 2023
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Disaggregation of Schwab’s revenue by major source is as follows:
Three Months Ended
June 30,		Six Months Ended
June 30,
2023202220232022
Net interest revenue
Cash and cash equivalents$547 $133 $960 $167 
Cash and investments segregated324 79 756 94 
Receivables from brokerage clients1,167 706 2,251 1,332 
Available for sale securities 791 1,088 1,616 2,035 
Held to maturity securities720 339 1,466 717 
Bank loans410 230 801 417 
Securities lending revenue124 130 236 259 
Other interest revenue21 5 34 8 
Interest revenue4,104 2,710 8,120 5,029 
Bank deposits(863)(28)(1,481)(44)
Payables to brokerage clients(64)(4)(139)(6)
Other short-term borrowings (1)
(97)(4)(183)(8)
Federal Home Loan Bank borrowings (1)
(606)— (910)— 
Long-term debt(157)(124)(296)(232)
Securities lending expense(28)(8)(50)(15)
Other interest expense1 2 (1)3 
Interest expense(1,814)(166)(3,060)(302)
Net interest revenue2,290 2,544 5,060 4,727 
Asset management and administration fees
Mutual funds, ETFs, and CTFs630 515 1,215 1,004 
Advice solutions464 461 917 957 
Other79 76 159 159 
Asset management and administration fees1,173 1,052 2,291 2,120 
Trading revenue
Commissions394 443 816 927 
Order flow revenue365 430 779 900 
Principal transactions44 12 100 21 
Trading revenue803 885 1,695 1,848 
Bank deposit account fees175 352 326 646 
Other 215 260 400 424 
Total net revenues$4,656 $5,093 $9,772 $9,765 
Note: For a summary of revenue provided by our reportable segments, see Note 18. The recognition of revenue is not impacted by the operating segment in which revenue is generated.
(1) Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information.

Contract balances: Substantially all receivables from contracts with customers within the scope of Accounting Standards Codification (ASC) 606 Revenue From Contracts With Customers (ASC 606), are included in other assets on the condensed consolidated balance sheets, and totaled $634 million and $560 million at June 30, 2023 and December 31, 2022, respectively. Schwab did not have any other significant contract assets as of December 31, 2022.

At June 30, 2023, the Company also had net contract assets of $111 million related to the buy down of fixed-rate obligation amounts pursuant to the 2023 IDA agreement. This balance is included in other assets on the condensed consolidated balance sheet, and is amortized on a straight-line basis over the remaining contract term as a reduction to bank deposit account fee revenue. For additional discussion of the 2023 IDA agreement, see Note 9. Schwab did not have any significant contract liability balances as of June 30, 2023 or December 31, 2022.
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.