Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2020

Table 114: Results of Businesses


Year ended December 31 In millions	Retail Banking		Corporate & Institutional Banking		Asset Management Group		Other		Consolidated (a)
2020
Income Statement
Net interest income	$	5,609	$	3,999	$	357	$	(19)	$	9,946
Noninterest income	2,519		3,062		854		520		6,955
Total revenue	8,128		7,061		1,211		501		16,901
Provision for credit losses	968		2,088		21		98		3,175
Depreciation and amortization	251		197		45		490		983
Other noninterest expense	5,768		2,659		813		74		9,314
Income (loss) from continuing operations before income taxes (benefit) and noncontrolling interests	1,141		2,117		332		(161)		3,429
Income taxes (benefit) from continuing operations	266		433		77		(350)		426
Net income from continuing operations	875		1,684		255		189		3,003
Less: Net income attributable to noncontrolling interests	31		10						41
Net income from continuing operations excluding noncontrolling interests	$	844	$	1,674	$	255	$	189	$	2,962
Average Assets	$	97,643	$	183,189	$	8,186	$	160,277	$	449,295
2019
Income Statement
Net interest income	$	5,520	$	3,637	$	288	$	520	$	9,965
Noninterest income	2,648		2,537		991		698		6,874
Total revenue	8,168		6,174		1,279		1,218		16,839
Provision for (recapture of) credit losses	517		284		(1)		(27)		773
Depreciation and amortization	230		198		62		545		1,035
Other noninterest expense	5,781		2,615		877		266		9,539
Income from continuing operations before income taxes and noncontrolling interests	1,640		3,077		341		434		5,492
Income taxes (benefit) from continuing operations	377		629		79		(184)		901
Net income from continuing operations	1,263		2,448		262		618		4,591
Less: Net income attributable to noncontrolling interests	50						(1)		49
Net income from continuing operations excluding noncontrolling interests	$	1,213	$	2,448	$	262	$	619	$	4,542
Average Assets	$	92,959	$	164,243	$	7,360	$	135,773	$	400,335
2018
Income Statement
Net interest income	$	5,119	$	3,551	$	287	$	764	$	9,721
Noninterest income	2,631		2,406		892		540		6,469
Total revenue	7,750		5,957		1,179		1,304		16,190
Provision for (recapture of) credit losses	373		85		2		(52)		408
Depreciation and amortization	206		186		52		496		940
Other noninterest expense	5,724		2,520		861		251		9,356
Income from continuing operations before income taxes and noncontrolling interests	1,447		3,166		264		609		5,486
Income taxes (benefit) from continuing operations	335		658		62		(127)		928
Net income from continuing operations	1,112		2,508		202		736		4,558
Less: Net income attributable to noncontrolling interests	48						(3)		45
Net income from continuing operations excluding noncontrolling interests	$	1,064	$	2,508	$	202	$	739	$	4,513
Average Assets	$	89,739	$	154,119	$	7,423	$	126,954	$	378,235

(a)There were no material intersegment revenues for 2020, 2019 and 2018.