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Reporting Segments and Related Information (Tables)
 12 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
Earnings Contribution of Northern Trust's Reporting Segments
The following tables show the earnings contribution of Northern Trust’s reporting segments for the years ended December 31, 2018, 2017, and 2016.

TABLE 121: CORPORATE AND INSTITUTIONAL SERVICES RESULTS OF OPERATIONS
 
                      FOR THE YEAR ENDED DECEMBER 31,
(In Millions)
2018

2017

2016

Noninterest Income
 
Trust, Investment and Other Servicing Fees
$
2,173.1

$
1,984.6

$
1,787.8

Foreign Exchange Trading Income
233.4

197.9

224.4

Other Noninterest Income
183.0

176.1

147.0

Net Interest Income (Note)
992.2

733.8

565.0

 
 
 
 
Revenue (Note)
3,581.7

3,092.4

2,724.2

Provision for Credit Losses
1.9

3.4

1.9

Noninterest Expense
2,421.4

2,194.5

2,012.2

 
 
 
 
Income before Income Taxes (Note)
1,158.4

894.5

710.1

Provision for Income Taxes (Note)
255.3

279.5

212.9

 
 
 
 
Net Income
$
903.1

$
615.0

$
497.2

 
 
 
 
Percentage of Consolidated Net Income
58
%
51
%
48
%
 
 
 
 
Average Assets
$
82,996.5

$
80,105.6

$
76,194.7


Note: Stated on an FTE basis.

TABLE 122: WEALTH MANAGEMENT RESULTS OF OPERATIONS
 
                      FOR THE YEAR ENDED DECEMBER 31,
(In Millions)
2018

2017

2016

Noninterest Income
 
Trust, Investment and Other Servicing Fees
$
1,580.6

$
1,449.7

$
1,320.3

Foreign Exchange Trading Income
4.2

3.1

8.6

Other Noninterest Income
102.7

103.9

105.7

Net Interest Income (Note)
816.5

736.2

651.4

 
 
 
 
Revenue (Note)
2,504.0

2,292.9

2,086.0

Provision for Credit Losses
(16.4
)
(31.4
)
(27.9
)
Noninterest Expense
1,460.0

1,405.3

1,315.3

 
 
 
 
Income before Income Taxes (Note)
1,060.4

919.0

798.6

Provision for Income Taxes (Note)
262.1

347.2

301.1

 
 
 
 
Net Income
$
798.3

$
571.8

$
497.5

 
 
 
 
Percentage of Consolidated Net Income
51
%
48
%
48
%
 
 
 
 
Average Assets
$
26,163.7

$
26,599.9

$
26,525.0


Note: Stated on an FTE basis.

TABLE 123: TREASURY AND OTHER RESULTS OF OPERATIONS
 
                      FOR THE YEAR ENDED DECEMBER 31,
(In Millions)
2018

2017

2016

Noninterest Income
$
60.5

$
30.8

$
133.1

Net Interest Income (Note)
(144.8
)
5.0

43.6

 
 
 
 
Revenue (Note)
(84.3
)
35.8

176.7

Noninterest Expense
135.5

169.6

143.2

 
 
 
 
Income before Income Taxes (Note)
(219.8
)
(133.8
)
33.5

Provision for Income Taxes (Note)
(74.8
)
(146.0
)
(4.3
)
 
 
 
 
Net Income
$
(145.0
)
$
12.2

$
37.8

 
 
 
 
Percentage of Consolidated Net Income
(9
)%
1
%
4
%
 
 
 
 
Average Assets
$
13,786.4

$
12,901.9

$
12,850.6


Note: Stated on an FTE basis.

TABLE 124: CONSOLIDATED FINANCIAL INFORMATION
 
                      FOR THE YEAR ENDED DECEMBER 31,
(In Millions)
2018

2017

2016

Noninterest Income
 
 
 
Trust, Investment and Other Servicing Fees
$
3,753.7

$
3,434.3

$
3,108.1

Foreign Exchange Trading Income
307.2

209.9

236.6

Other Noninterest Income
276.6

301.9

382.2

Net Interest Income (Note)
1,663.9

1,475.0

1,260.0

 
 
 
 
Revenue (Note)
6,001.4

5,421.1

4,986.9

Provision for Credit Losses
(14.5
)
(28.0
)
(26.0
)
Noninterest Expense
4,016.9

3,769.4

3,470.7

 
 
 
 
Income before Income Taxes (Note)
1,999.0

1,679.7

1,542.2

Provision for Income Taxes (Note)
442.6

480.7

509.7

 
 
 
 
Net Income
$
1,556.4

$
1,199.0

$
1,032.5

 
 
 
 
Average Assets
$
122,946.6

$
119,607.4

$
115,570.3


Note: Stated on an FTE basis. The consolidated figures include $41.2 million, $45.8 million, and $25.1 million, of FTE adjustments for 2018, 2017, and 2016, respectively.
Distribution of Total Assets and Operating Performance
The table below summarizes Northern Trust’s performance based on the allocation process described above without regard to guarantors or the location of collateral.

TABLE 125: DISTRIBUTION OF TOTAL ASSETS AND OPERATING PERFORMANCE
(In Millions)
TOTAL ASSETS

TOTAL
REVENUE

INCOME BEFORE
INCOME TAXES

NET INCOME

2018
 
 
 
 
Non-U.S.
$
32,712.9

$
2,018.1

$
786.4

$
625.7

U.S.
99,499.6

3,942.1

1,171.4

930.7

 
 
 
 
 
Total
$
132,212.5

$
5,960.2

$
1,957.8

$
1,556.4

 
 
 
 
 
2017
 
 
 
 
Non-U.S.
$
30,325.3

$
1,709.7

$
613.5

$
430.0

U.S.
108,265.2

3,665.6

1,020.4

769.0

 
 
 
 
 
Total
$
138,590.5

$
5,375.3

$
1,633.9

$
1,199.0

 
 
 
 
 
2016
 
 
 
 
Non-U.S.
$
24,944.0

$
1,221.2

$
284.3

$
225.1

U.S.
98,982.9

3,740.6

1,232.8

807.4

 
 
 
 
 
Total
$
123,926.9

$
4,961.8

$
1,517.1

$
1,032.5


Note: Total revenue is comprised of net interest income and noninterest income.