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Reporting Segments and Related Information (Tables)
 12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Earnings Contribution of Northern Trust's Reporting Segments
The following tables reflect the earnings contribution and average assets of Northern Trust’s reporting segments for the years ended December 31, 2019, 2018, and 2017.

TABLE 144: CORPORATE AND INSTITUTIONAL SERVICES RESULTS OF OPERATIONS
 
FOR THE YEAR ENDED DECEMBER 31,
($ In Millions)
2019

2018

2017

Noninterest Income
 
Trust, Investment and Other Servicing Fees
$
2,211.5

$
2,173.1

$
1,984.6

Foreign Exchange Trading Income
232.2

233.4

197.9

Other Noninterest Income
178.2

183.0

176.1

Total Noninterest Income
2,621.9

2,589.5

2,358.6

Net Interest Income(1)
918.7

992.2

733.8

 
 
 
 
Revenue(1)
3,540.6

3,581.7

3,092.4

Provision for Credit Losses
1.9

1.9

3.4

Noninterest Expense
2,605.5

2,421.4

2,194.5

 
 
 
 
Income before Income Taxes(1)
933.2

1,158.4

894.5

Provision for Income Taxes(1)
219.4

255.3

279.5

 
 
 
 
Net Income
$
713.8

$
903.1

$
615.0

 
 
 
 
Percentage of Consolidated Net Income
48
%
58
%
51
%
 
 
 
 
Average Assets
$
87,557.1

$
82,996.5

$
80,105.6

(1) Stated on an FTE basis.

TABLE 145: WEALTH MANAGEMENT RESULTS OF OPERATIONS
 
FOR THE YEAR ENDED DECEMBER 31,
($ In Millions)
2019

2018

2017

Noninterest Income
 
Trust, Investment and Other Servicing Fees
$
1,640.6

$
1,580.6

$
1,449.7

Foreign Exchange Trading Income
18.7

4.2

3.1

Other Noninterest Income
131.1

102.7

103.9

Total Noninterest Income
1,790.4

1,687.5

1,556.7

Net Interest Income(1)
792.0

816.5

736.2

 
 
 
 
Revenue(1)
2,582.4

2,504.0

2,292.9

Provision for Credit Losses
(16.4
)
(16.4
)
(31.4
)
Noninterest Expense
1,531.6

1,460.0

1,405.3

 
 
 
 
Income before Income Taxes(1)
1,067.2

1,060.4

919.0

Provision for Income Taxes(1)
271.1

262.1

347.2

 
 
 
 
Net Income
$
796.1

$
798.3

$
571.8

 
 
 
 
Percentage of Consolidated Net Income
53
%
51
%
48
%
 
 
 
 
Average Assets
$
29,994.3

$
26,163.7

$
26,599.9

(1) Stated on an FTE basis.

TABLE 146: TREASURY AND OTHER RESULTS OF OPERATIONS
 
FOR THE YEAR ENDED DECEMBER 31,
($ In Millions)
2019

2018

2017

Noninterest Income
$
(17.1
)
$
60.5

$
30.8

Net Interest Income(1)
—

(144.8
)
5.0

 
 
 
 
Revenue(1)
(17.1
)
(84.3
)
35.8

Noninterest Expense
6.4

135.5

169.6

 
 
 
 
Income (Loss) before Income Taxes(1)
(23.5
)
(219.8
)
(133.8
)
Provision (Benefit) for Income Taxes(1)
(5.8
)
(74.8
)
(146.0
)
 
 
 
 
Net Income
$
(17.7
)
$
(145.0
)
$
12.2

 
 
 
 
Percentage of Consolidated Net Income
(1
)%
(9
)%
1
%
 
 
 
 
Average Assets
$
—

$
13,786.4

$
12,901.9

(1) Stated on an FTE basis.

TABLE 147: CONSOLIDATED FINANCIAL INFORMATION
 
FOR THE YEAR ENDED DECEMBER 31,
(In Millions)
2019

2018

2017

Noninterest Income
 
 
 
Trust, Investment and Other Servicing Fees
$
3,852.1

$
3,753.7

$
3,434.3

Foreign Exchange Trading Income
250.9

307.2

209.9

Other Noninterest Income
292.2

276.6

301.9

Total Noninterest Income
4,395.2

4,337.5

3,946.1

Net Interest Income(1)
1,710.7

1,663.9

1,475.0

 
 
 
 
Revenue(1)
6,105.9

6,001.4

5,421.1

Provision for Credit Losses
(14.5
)
(14.5
)
(28.0
)
Noninterest Expense
4,143.5

4,016.9

3,769.4

 
 
 
 
Income before Income Taxes(1)
1,976.9

1,999.0

1,679.7

Provision for Income Taxes(1)
484.7

442.6

480.7

 
 
 
 
Net Income
$
1,492.2

$
1,556.4

$
1,199.0

 
 
 
 
Average Assets
$
117,551.4

$
122,946.6

$
119,607.4

(1) Stated on an FTE basis. The consolidated figures include $32.8 million, $41.2 million, and $45.8 million, of FTE adjustments for 2019, 2018, and 2017, 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 148: DISTRIBUTION OF TOTAL ASSETS AND OPERATING PERFORMANCE
(In Millions)
TOTAL ASSETS

TOTAL
REVENUE(1)

INCOME BEFORE
INCOME TAXES

NET INCOME

2019
 
 
 
 
Non-U.S.
$
27,888.6

$
1,889.5

$
600.0

$
451.0

U.S.
108,939.8

4,183.6

1,344.1

1,041.2

 
 
 
 
 
Total
$
136,828.4

$
6,073.1

$
1,944.1

$
1,492.2

 
 
 
 
 
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

(1) Total revenue is comprised of net interest income and noninterest income.