Reporting Segments and Related Information (Tables)

12 Months Ended

Dec. 31, 2014

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, 2014, 2013, and 2012.

TABLE 119: CORPORATE AND INSTITUTIONAL SERVICES RESULTS OF OPERATIONS

	FOR THE YEAR ENDED DECEMBER 31,
(In Millions)	2014			2013			2012
NONINTEREST INCOME
Trust, Investment and Other Servicing Fees	$	1,584.0		$	1,443.8		$	1,334.1
Foreign Exchange Trading Income		200.4			238.8			193.5
Other Noninterest Income		177.9			177.3			193.6
Net Interest Income (FTE) (Note)		310.0			275.9			280.1
Revenue (FTE) (Note)		2,272.3			2,135.8			2,001.3
Provision for Credit Losses		5.8			(3.4	)		(2.1	)
Noninterest Expense		1,732.8			1,657.9			1,599.9
Income before Income Taxes (Note)		533.7			481.3			403.5
Provision for Income Taxes (Note)		149.4			145.6			114.3
Net Income	$	384.3		$	335.7		$	289.2
Percentage of Consolidated Net Income		47	%		46	%		42	%
Average Assets	$	59,462.9		$	53,308.2		$	49,904.0

Note: Stated on an FTE basis.
TABLE 120: WEALTH MANAGEMENT RESULTS OF OPERATIONS
	FOR THE YEAR ENDED DECEMBER 31,
(In Millions)	2014			2013			2012
NONINTEREST INCOME
Trust, Investment and Other Servicing Fees	$	1,248.8		$	1,166.0		$	1,071.4
Foreign Exchange Trading Income		9.7			5.6			12.6
Other Noninterest Income		98.3			116.7			93.6
Net Interest Income (FTE) (Note)		536.1			557.7			629.9
Revenue (FTE) (Note)		1,892.9			1,846.0			1,807.5
Provision for Credit Losses		0.2			23.4			27.1
Noninterest Expense		1,268.7			1,215.0			1,182.3
Income before Income Taxes (Note)		624.0			607.6			598.1
Provision for Income Taxes (Note)		234.8			229.2			226.4
Net Income	$	389.2		$	378.4		$	371.7
Percentage of Consolidated Net Income		48	%		52	%		54	%
Average Assets	$	23,629.3		$	22,887.6		$	23,917.9

Note: Stated on an FTE basis.
TABLE 121: TREASURY AND OTHER RESULTS OF OPERATIONS
	FOR THE YEAR ENDED DECEMBER 31,
(In Millions)	2014			2013			2012
Noninterest Income	$	6.6		$	8.0		$	7.0
Net Interest Income (FTE) (Note)		188.8			132.0			121.1
Revenue (FTE) (Note)		195.4			140.0			128.1
Noninterest Expense		133.5			120.9			96.6
Income before Income Taxes (Note)		61.9			19.1			31.5
Provision (Benefit) for Income Taxes (Note)		23.6			1.9			5.1
Net Income	$	38.3		$	17.2		$	26.4
Percentage of Consolidated Net Income		5	%		2	%		4	%
Average Assets	$	20,991.3		$	18,661.9		$	19,153.6

Note: Stated on an FTE basis.

TABLE 122: CONSOLIDATED FINANCIAL INFORMATION
	FOR THE YEAR ENDED DECEMBER 31,
(In Millions)	2014		2013		2012
NONINTEREST INCOME
Trust, Investment and Other Servicing Fees	$	2,832.8	$	2,609.8	$	2,405.5
Foreign Exchange Trading Income		210.1		244.4		206.1
Other Noninterest Income		282.8		302.0		294.2
Net Interest Income (FTE) (Note)		1,034.9		965.6		1,031.1
Revenue (FTE) (Note)		4,360.6		4,121.8		3,936.9
Provision for Credit Losses		6.0		20.0		25.0
Noninterest Expense		3,135.0		2,993.8		2,878.8
Income before Income Taxes (Note)		1,219.6		1,108.0		1,033.1
Provision for Income Taxes (Note)		407.8		376.7		345.8
Net Income	$	811.8	$	731.3	$	687.3
Average Assets	$	104,083.5	$	94,857.7	$	92,975.5

Note: Stated on an FTE basis. The consolidated figures include $29.4 million, $32.5 million, and $40.8 million, of FTE adjustments for 2014, 2013, and 2012, 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 123: DISTRIBUTION OF TOTAL ASSETS AND OPERATING PERFORMANCE

(In Millions)	TOTAL ASSETS		TOTAL REVENUE		INCOME BEFORE INCOME TAXES		NET INCOME
2014
Non-U.S.	$	28,326.1	$	1,341.8	$	446.5	$	322.7
U.S.		81,620.4		2,989.4		743.7		489.1
Total	$	109,946.5	$	4,331.2	$	1,190.2	$	811.8
2013
Non-U.S.	$	30,241.3	$	1,101.0	$	272.4	$	201.3
U.S.		72,706.0		2,988.3		803.1		530.0
Total	$	102,947.3	$	4,089.3	$	1,075.5	$	731.3
2012
Non-U.S.	$	29,198.4	$	992.5	$	194.9	$	147.6
U.S.		68,265.4		2,903.6		797.4		539.7
Total	$	97,463.8	$	3,896.1	$	992.3	$	687.3

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