The following tables present revenue disaggregated by segment on an adjusted operating basis with a reconciliation of segment revenues to those reported on the Consolidated Statements of Operations:



	Three Months Ended March 31, 2018
	Advice & Wealth Management		Asset Management		Annuities		Protection		Corporate & Other			Total Segments		Non-operating Revenue		Total
	(in millions)
Management and financial advice fees:
Asset management fees:
Retail	$	—	$	480	$	—	$	—	$	—		$	480	$	—	$	480
Institutional	—		111		—		—		—			111		—		111
Advisory fees	691		—		—		—		—			691		—		691
Financial planning fees	68		—		—		—		—			68		—		68
Transaction and other fees	89		48		14		2		—			153		—		153
Total management and financial advice fees	848		639		14		2		—			1,503		—		1,503

Distribution fees:
Mutual funds	190		69		—		—		—			259		—		259
Insurance and annuity	222		45		84		8		—			359		—		359
Other products	145		—		—		—		—			145		—		145
Total distribution fees	557		114		84		8		—			763		—		763

Other revenues	41		1		—		—		—			42		—		42
Total revenue from contracts with customers	1,446		754		98		10		—			2,308		—		2,308

Revenue from other sources ⁽¹⁾	71		24		515		509		58			1,177		61		1,238
Total segment gross revenues	1,517		778		613		519		58			3,485		61		3,546
Less: Banking and deposit interest expense	16		—		—		—		1			17		—		17
Total segment net revenues	1,501		778		613		519		57			3,468		61		3,529
Less: intersegment revenues	240		12		90		16		(1		)	357		4		361
Total net revenues	$	1,261	$	766	$	523	$	503	$	58		$	3,111	$	57	$	3,168



	Three Months Ended March 31, 2017
	Advice & Wealth Management		Asset Management		Annuities		Protection		Corporate & Other		Total Segments		Non-operating Revenue		Total
	(in millions)
Management and financial advice fees:
Asset management fees:
Retail	$	—	$	440	$	—	$	—	$	—	$	440	$	—	$	440
Institutional	—		101		—		—		—		101		—		101
Advisory fees	570		—		—		—		—		570		—		570
Financial planning fees	64		—		—		—		—		64		—		64
Transaction and other fees	89		51		13		2		—		155		—		155
Total management and financial advice fees	723		592		13		2		—		1,330		—		1,330

Distribution fees:
Mutual funds	208		80		—		—		—		288		—		288
Insurance and annuity	199		41		78		8		—		326		—		326
Other products	109		—		—		—		—		109		—		109
Total distribution fees	516		121		78		8		—		723		—		723

Other revenues	37		1		—		—		—		38		—		38
Total revenue from contracts with customers	1,276		714		91		10		—		2,091		—		2,091

Revenue from other sources ⁽¹⁾	55		11		517		511		57		1,151		45		1,196
Total segment gross revenues	1,331		725		608		521		57		3,242		45		3,287
Less: Banking and deposit interest expense	10		—		—		—		—		10		—		10
Total segment net revenues	1,321		725		608		521		57		3,232		45		3,277
Less: intersegment revenues	237		11		84		15		—		347		4		351
Total net revenues	$	1,084	$	714	$	524	$	506	$	57	$	2,885	$	41	$	2,926

⁽¹⁾Revenues not included in the scope of the revenue from contracts with customers standard. The amounts primarily consist of revenue associated with the manufacturing of insurance and annuity products or financial instruments.