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Reporting Segments (Tables)
 6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Earnings Contribution of Northern Trust's Reporting Segments
The following table shows the earnings contributions of Northern Trust’s reporting segments for the three- and six-month periods ended June 30, 2016 and 2015.
Table 51: Results of Reporting Segments
Three Months Ended June 30,
Corporate &
Institutional Services
 
Wealth
Management
 
Treasury and
Other
 
Total
Consolidated
($ In Millions)
2016
 
2015
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
Noninterest Income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Trust, Investment and Other Servicing Fees
$
446.9

 
$
432.0

 
$
330.3

 
$
324.8

 
$
—

 
$
—

 
$
777.2

 
$
756.8

Foreign Exchange Trading Income
62.2

 
71.8

 
1.6

 
3.0

 
0.6

 
—

 
64.4

 
74.8

Other Noninterest Income
25.9

 
43.2

 
26.7

 
26.8

 
122.8

 
103.1

 
175.4

 
173.1

Net Interest Income*
141.2

 
92.7

 
160.2

 
141.0

 
5.2

 
23.9

 
306.6

 
257.6

Revenue*
676.2

 
639.7

 
518.8

 
495.6

 
128.6

 
127.0

 
1,323.6

 
1,262.3

Provision for Credit Losses
(0.8
)
 
2.0

 
(2.2
)
 
(12.0
)
 
—

 
—

 
(3.0
)
 
(10.0
)
Noninterest Expense
556.8

 
488.2

 
330.3

 
322.7

 
37.9

 
43.6

 
925.0

 
854.5

Income before Income Taxes*
120.2

 
149.5

 
190.7

 
184.9

 
90.7

 
83.4

 
401.6

 
417.8

Provision for Income Taxes*
34.0

 
45.3

 
71.9

 
69.6

 
35.0

 
33.7

 
140.9

 
148.6

Net Income
$
86.2

 
$
104.2

 
$
118.8

 
$
115.3

 
$
55.7

 
$
49.7

 
$
260.7

 
$
269.2

Percentage of Consolidated Net Income
33
%
 
39
%
 
46
%
 
43
%
 
21
%
 
18
%
 
100
%
 
100
%
Average Assets
$
75,696.5

 
$
75,765.9

 
$
26,736.6

 
$
24,850.4

 
$
12,480.7

 
$
11,074.8

 
$
114,913.8

 
$
111,691.1

* Non-GAAP financial measures stated on a fully taxable equivalent basis (FTE). Total consolidated includes FTE adjustments of $6.9 million for 2016 and $6.4 million for 2015.
Six Months Ended June 30,
Corporate &
Institutional Services
 
Wealth
Management
 
Treasury and
Other
 
Total
Consolidated
($ In Millions)
2016
 
2015
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
Noninterest Income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Trust, Investment and Other Servicing Fees
$
880.3

 
$
839.3

 
$
645.1

 
$
645.0

 
$
—

 
$
—

 
$
1,525.4

 
$
1,484.3

Foreign Exchange Trading Income
113.9

 
139.3

 
6.1

 
7.1

 
4.9

 
—

 
124.9

 
146.4

Other Noninterest Income
71.5

 
85.1

 
53.5

 
55.6

 
123.9

 
107.2

 
248.9

 
247.9

Net Interest Income*
279.6

 
188.7

 
318.7

 
279.3

 
22.3

 
56.4

 
620.6

 
524.4

Revenue*
1,345.3

 
1,252.4

 
1,023.4

 
987.0

 
151.1

 
163.6

 
2,519.8

 
2,403.0

Provision for Credit Losses
(4.0
)
 
(0.2
)
 
3.0

 
(14.3
)
 
—

 
—

 
(1.0
)
 
(14.5
)
Noninterest Expense
1,032.1

 
923.1

 
657.2

 
644.6

 
64.5

 
75.8

 
1,753.8

 
1,643.5

Income before Income Taxes*
317.2

 
329.5

 
363.2

 
356.7

 
86.6

 
87.8

 
767.0

 
774.0

Provision for Income Taxes*
96.2

 
102.6

 
136.8

 
134.2

 
31.5

 
37.3

 
264.5

 
274.1

Net Income
$
221.0

 
$
226.9

 
$
226.4

 
$
222.5

 
$
55.1

 
$
50.5

 
$
502.5

 
$
499.9

Percentage of Consolidated Net Income
44
%
 
45
%
 
45
%
 
45
%
 
11
%
 
10
%
 
100
%
 
100
%
Average Assets
$
75,534.7

 
$
72,513.3

 
$
26,487.2

 
$
24,513.4

 
$
12,143.5

 
12,587.0

 
$
114,165.4

 
$
109,613.7

*
Non-GAAP financial measures stated on a fully taxable equivalent basis (FTE). Total consolidated includes FTE adjustments of $13.1 million for 2016 and $12.6 million for 2015.