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Reporting Segments (Tables)
 6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Results of Reporting Segments
The following table reflects the earnings contributions and average assets of Northern Trust’s reporting segments for the three- and six-month periods ended June 30, 2019 and 2018.
Table 58: Results of Reporting Segments
Three Months Ended June 30,
Corporate &
Institutional Services
 
Wealth
Management
 
Treasury and
Other
 
Total
Consolidated
($ In Millions)
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
Noninterest Income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Trust, Investment and Other Servicing Fees
$
549.4

 
$
552.2

 
$
406.1

 
$
390.7

 
$
—

 
$
—

 
$
955.5

 
$
942.9

Foreign Exchange Trading Income
57.3

 
60.1

 
3.2

 
1.0

 
—

 
17.8

 
60.5

 
78.9

Other Noninterest Income
44.8

 
45.0

 
31.5

 
26.7

 
(3.1
)
 
(0.7
)
 
73.2

 
71.0

Net Interest Income*
229.6

 
247.9

 
195.5

 
209.6

 
—

 
(34.9
)
 
425.1

 
422.6

Revenue*
881.1

 
905.2

 
636.3

 
628.0

 
(3.1
)
 
(17.8
)
 
1,514.3

 
1,515.4

Provision for Credit Losses
(2.4
)
 
3.0

 
(4.1
)
 
(1.5
)
 
—

 
—

 
(6.5
)
 
1.5

Noninterest Expense
633.3

 
599.3

 
372.1

 
369.5

 
0.8

 
28.6

 
1,006.2

 
997.4

Income before Income Taxes*
250.2

 
302.9

 
268.3

 
260.0

 
(3.9
)
 
(46.4
)
 
514.6

 
516.5

Provision for Income Taxes*
58.3

 
63.0

 
67.9

 
64.1

 
(1.0
)
 
(1.0
)
 
125.2

 
126.1

Net Income
$
191.9

 
$
239.9

 
$
200.4

 
$
195.9

 
$
(2.9
)
 
$
(45.4
)
 
$
389.4

 
$
390.4

Percentage of Consolidated Net Income
49
%
 
62
%
 
52
%
 
50
%
 
(1
)%
 
(12
)%
 
100
%
 
100
%
Average Assets
$
86,696.3

 
$
82,153.1

 
$
29,662.6

 
$
26,086.3

 
$
—

 
$
15,627.3

 
$
116,358.9

 
$
123,866.7

* Non-GAAP financial measures stated on a fully taxable equivalent basis (FTE). Total consolidated includes FTE adjustments of $7.7 million for 2019 and $9.3 million for 2018.
Six Months Ended June 30,
Corporate &
Institutional Services
 
Wealth
Management
 
Treasury and
Other
 
Total
Consolidated
($ In Millions)
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
Noninterest Income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Trust, Investment and Other Servicing Fees
$
1,084.6

 
$
1,096.5

 
$
799.8

 
$
784.1

 
$
—

 
$
—

 
$
1,884.4

 
$
1,880.6

Foreign Exchange Trading Income
117.0

 
122.5

 
9.7

 
2.2

 
—

 
32.7

 
126.7

 
157.4

Other Noninterest Income
88.2

 
91.6

 
57.0

 
52.4

 
(8.2
)
 
2.8

 
137.0

 
146.8

Net Interest Income*
464.4

 
477.3

 
390.5

 
408.4

 
—

 
(70.4
)
 
854.9

 
815.3

Revenue*
1,754.2

 
1,787.9

 
1,257.0

 
1,247.1

 
(8.2
)
 
(34.9
)
 
3,003.0

 
3,000.1

Provision for Credit Losses
(3.5
)
 
(0.9
)
 
(3.0
)
 
(0.6
)
 
—

 
—

 
(6.5
)
 
(1.5
)
Noninterest Expense
1,281.3

 
1,184.9

 
752.0

 
735.2

 
1.6

 
72.6

 
2,034.9

 
1,992.7

Income before Income Taxes*
476.4

 
603.9

 
508.0

 
512.5

 
(9.8
)
 
(107.5
)
 
974.6

 
1,008.9

Provision for Income Taxes*
111.9

 
129.8

 
128.7

 
126.5

 
(2.5
)
 
(19.4
)
 
238.1

 
236.9

Net Income
$
364.5

 
$
474.1

 
$
379.3

 
$
386.0

 
$
(7.3
)
 
$
(88.1
)
 
$
736.5

 
$
772.0

Percentage of Consolidated Net Income
49
%
 
61
%
 
52
%
 
50
%
 
(1
)%
 
(11
)%
 
100
%
 
100
%
Average Assets
$
88,512.4

 
$
82,891.4

 
$
29,367.0

 
$
26,097.1

 
$
—

 
$
15,189.8

 
$
117,879.4

 
$
124,178.3


* Non-GAAP financial measures stated on a fully taxable equivalent basis (FTE). Total consolidated includes FTE adjustments of $15.5 million for 2019 and $18.0 million for 2018.