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Revenue Recognition (Notes)

9 Months Ended

Sep. 30, 2019

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer [Text Block]

NOTE 2 – REVENUE RECOGNITION

The following tables reflect the Company’s noninterest income disaggregated by financial statement line item, business segment, and by the amount of each revenue stream that is in scope and out of scope of ASC Topic 606, Revenue from Contracts with Customers. Refer to Note 1, “Significant Accounting Policies,” and Note 2, “Revenue Recognition,” to

the Company's 2018 Annual Report on Form 10-K, for the Company's accounting policies for recognizing noninterest income, including the nature and timing of such revenue streams. The Company's contracts with customers generally do not contain terms that require significant judgment to determine the amount of revenue to recognize.



	Three Months Ended September 30, 2019
(Dollars in millions)	Consumer ¹		Wholesale ¹		Out of Scope ^{1, 2}		Total
Noninterest income
Service charges on deposit accounts		$112		$29		$—		$141
Other charges and fees ³	27		4		59		90
Card fees	57		24		2		83
Investment banking income	—		97		62		159
Trading income	—		—		29		29
Mortgage-related income	—		—		106		106
Trust and investment management income	77		—		1		78
Retail investment services ⁴	76		—		—		76
Insurance settlement	—		—		5		5
Commercial real estate-related income	—		—		32		32
Net securities gains/(losses)	—		—		4		4
Other noninterest income	6		—		34		40
Total noninterest income		$355		$154		$334		$843

Consumer total noninterest income and Wholesale total noninterest income exclude $124 million and $214 million of out of scope noninterest income, respectively, which are included in the business segment results presented on a management accounting basis in Note 19, "Business Segment Reporting."Out of scope total noninterest income includes these amounts and also includes ($4) million of Corporate Other noninterest income that is not subject to ASC Topic 606.


²	The Company presents out of scope noninterest income for the purpose of reconciling noninterest income amounts within the scope of ASC Topic 606 to noninterest income amounts presented on the Company's Consolidated Statements of Income.


³	The Company recognized an immaterial amount of insurance trailing commissions, the majority of which related to performance obligations satisfied in prior periods.


⁴	The Company recognized $12 million of mutual fund 12b-1 fees and annuity trailing commissions, the majority of which related to performance obligations satisfied in prior periods.



	Three Months Ended September 30, 2018
(Dollars in millions)	Consumer ¹		Wholesale ¹		Out of Scope ^{1, 2}		Total
Noninterest income
Service charges on deposit accounts		$111		$33		$—		$144
Other charges and fees ³	28		3		58		89
Card fees	49		26		—		75
Investment banking income	—		101		49		150
Trading income	—		—		42		42
Mortgage-related income	—		—		83		83
Trust and investment management income	79		—		1		80
Retail investment services ⁴	73		—		1		74
Insurance settlement	—		—		—		—
Commercial real estate-related income	—		—		24		24
Net securities gains/(losses)	—		—		—		—
Other noninterest income	5		—		16		21
Total noninterest income		$345		$163		$274		$782

Consumer total noninterest income and Wholesale total noninterest income exclude $99 million and $205 million of out of scope noninterest income, respectively, which are included in the business segment results presented on a management accounting basis in Note 19, "Business Segment Reporting." Out of scope total noninterest income includes these amounts and also includes ($30) million of Corporate Other noninterest income that is not subject to ASC Topic 606.


²	The Company presents out of scope noninterest income for the purpose of reconciling noninterest income amounts within the scope of ASC Topic 606 to noninterest income amounts presented on the Company's Consolidated Statements of Income.


³	The Company recognized an immaterial amount of insurance trailing commissions, the majority of which related to performance obligations satisfied in prior periods.


⁴	The Company recognized $12 million of mutual fund 12b-1 fees and annuity trailing commissions, the majority of which related to performance obligations satisfied in prior periods.



	Nine Months Ended September 30, 2019
(Dollars in millions)	Consumer ¹		Wholesale ¹		Out of Scope ^{1, 2}			Total
Noninterest income
Service charges on deposit accounts		$324		$93		$—			$417
Other charges and fees ³	82		12		171			265
Card fees	168		75		4			247
Investment banking income	—		261		170			431
Trading income	—		—		144			144
Mortgage-related income	—		—		294			294
Trust and investment management income	220		—		2			222
Retail investment services ⁴	218		1		1			220
Insurance settlement	—		—		210			210
Commercial real estate-related income	—		—		106			106
Net securities gains/(losses)	—		—		(38		)	(38		)
Other noninterest income	17		—		118			135
Total noninterest income		$1,029		$442		$1,182			$2,653

Consumer total noninterest income and Wholesale total noninterest income exclude $386 million and $695 million of out of scope noninterest income, respectively, which are included in the business segment results presented on a management accounting basis in Note 19, "Business Segment Reporting." Out of scope total noninterest income includes these amounts and also includes $101 million of Corporate Other noninterest income that is not subject to ASC Topic 606.


²	The Company presents out of scope noninterest income for the purpose of reconciling noninterest income amounts within the scope of ASC Topic 606 to noninterest income amounts presented on the Company's Consolidated Statements of Income.


³	The Company recognized an immaterial amount of insurance trailing commissions, the majority of which related to performance obligations satisfied in prior periods.


⁴	The Company recognized $31 million of mutual fund 12b-1 fees and annuity trailing commissions, the majority of which related to performance obligations satisfied in prior periods.



	Nine Months Ended September 30, 2018
(Dollars in millions)	Consumer ¹		Wholesale ¹		Out of Scope ^{1, 2}		Total
Noninterest income
Service charges on deposit accounts		$330		$103		$—		$433
Other charges and fees ³	85		8		171		264
Card fees	160		78		3		241
Investment banking income	—		287		166		453
Trading income	—		—		137		137
Mortgage-related income	—		—		256		256
Trust and investment management income	228		—		2		230
Retail investment services ⁴	216		2		1		219
Insurance settlement	—		—		—		—
Commercial real estate-related income	—		—		66		66
Net securities gains/(losses)	—		—		1		1
Other noninterest income	17		—		91		108
Total noninterest income		$1,036		$478		$894		$2,408

Consumer total noninterest income and Wholesale total noninterest income exclude $311 million and $618 million of out of scope noninterest income, respectively, which are included in the business segment results presented on a management accounting basis in Note 19, "Business Segment Reporting." Out of scope total noninterest income includes these amounts and also includes ($35) million of Corporate Other noninterest income that is not subject to ASC Topic 606.


²	The Company presents out of scope noninterest income for the purpose of reconciling noninterest income amounts within the scope of ASC Topic 606 to noninterest income amounts presented on the Company's Consolidated Statements of Income.


³	The Company recognized an immaterial amount of insurance trailing commissions, the majority of which related to performance obligations satisfied in prior periods.

⁴

The Company recognized $38 million of mutual fund 12b-1 fees and annuity trailing commissions, the majority of which related to performance obligations satisfied in prior periods.