Other Operating Income |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Other Income and Expenses [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Operating Income | Other Operating Income The components of other operating income were as follows: TABLE 86: OTHER OPERATING INCOME
Other income totaled $32.2 million in 2018, down from $58.2 million in 2017, primarily due to the impairment of a community development equity investment previously held at cost, expenses related to existing swap agreements related to Visa Inc. Class B common shares, and the net impact of various other operating income categories. Other income in 2016 included a $123.1 million net gain on the sale of 1.1 million Visa Class B common shares. Other Operating Expense The components of other operating expense were as follows: TABLE 87: OTHER OPERATING EXPENSE
Other expenses in 2016 included a charge in connection with an agreement to settle certain securities lending litigation of $50.0 million and charges related to contractual modifications associated with existing C&IS clients of $18.6 million. |