Revenue from Contract with Customer (Tables)

6 Months Ended

Jun. 30, 2019

Revenue from Contract with Customer [Abstract]

Schedule of disaggregation of revenues [Table Text Block]

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 June 30, 2019
	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	$	—	$	442	$	—		$	—	$	—		$	442	$	—		$	442
Institutional	—		111		—			—		—			111		—			111
Advisory fees	779		—		—			—		—			779		—			779
Financial planning fees	84		—		—			—		—			84		—			84
Transaction and other fees	91		47		14			2		—			154		—			154
Total management and financial advice fees	954		600		14			2		—			1,570		—			1,570

Distribution fees:
Mutual funds	182		60		—			—		—			242		—			242
Insurance and annuity	218		43		81			7		2			351		—			351
Other products	180		—		—			—		—			180		—			180
Total distribution fees	580		103		81			7		2			773		—			773

Other revenues	49		3		(2		)	—		—			50		—			50
Total revenue from contracts with customers	1,583		706		93			9		2			2,393		—			2,393

Revenue from other sources ⁽¹⁾	106		7		527			250		352			1,242		(1		)	1,241
Total segment gross revenues	1,689		713		620			259		354			3,635		(1		)	3,634
Less: Banking and deposit interest expense	36		1		—			—		2			39		—			39
Total segment net revenues	1,653		712		620			259		352			3,596		(1		)	3,595
Less: Intersegment revenues	230		14		91			15		(1		)	349		1			350
Total net revenues	$	1,423	$	698	$	529		$	244	$	353		$	3,247	$	(2	)	$	3,245



	Three Months Ended June 30, 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	$	—	$	472	$	—	$	—	$	—	$	472	$	—	$	472
Institutional	—		109		—		—		—		109		—		109
Advisory fees	706		—		—		—		—		706		—		706
Financial planning fees	80		—		—		—		—		80		—		80
Transaction and other fees	92		48		15		2		—		157		—		157
Total management and financial advice fees	878		629		15		2		—		1,524		—		1,524

Distribution fees:
Mutual funds	184		68		—		—		—		252		—		252
Insurance and annuity	231		42		84		7		3		367		—		367
Other products	147		—		—		—		—		147		—		147
Total distribution fees	562		110		84		7		3		766		—		766

Other revenues	47		1		—		—		—		48		—		48
Total revenue from contracts with customers	1,487		740		99		9		3		2,338		—		2,338

Revenue from other sources ⁽¹⁾	76		15		523		246		332		1,192		55		1,247
Total segment gross revenues	1,563		755		622		255		335		3,530		55		3,585
Less: Banking and deposit interest expense	20		—		—		—		1		21		—		21
Total segment net revenues	1,543		755		622		255		334		3,509		55		3,564
Less: Intersegment revenues	247		12		90		13		—		362		6		368
Total net revenues	$	1,296	$	743	$	532	$	242	$	334	$	3,147	$	49	$	3,196



	Six Months Ended June 30, 2019
	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	$	—	$	871	$	—	$	—	$	—		$	871	$	—		$	871
Institutional	—		215		—		—		—			215		—			215
Advisory fees	1,504		—		—		—		—			1,504		—			1,504
Financial planning fees	153		—		—		—		—			153		—			153
Transaction and other fees	175		93		27		4		—			299		—			299
Total management and financial advice fees	1,832		1,179		27		4		—			3,042		—			3,042

Distribution fees:
Mutual funds	353		117		—		—		—			470		—			470
Insurance and annuity	423		84		160		14		4			685		—			685
Other products	365		—		—		—		—			365		—			365
Total distribution fees	1,141		201		160		14		4			1,520		—			1,520

Other revenues	94		4		—		—		—			98		—			98
Total revenue from contracts with customers	3,067		1,384		187		18		4			4,660		—			4,660

Revenue from other sources ⁽¹⁾	211		18		1,037		503		694			2,463		2			2,465
Total segment gross revenues	3,278		1,402		1,224		521		698			7,123		2			7,125
Less: Banking and deposit interest expense	71		1		—		—		4			76		—			76
Total segment net revenues	3,207		1,401		1,224		521		694			7,047		2			7,049
Less: intersegment revenues	449		27		179		30		(3		)	682		4			686
Total net revenues	$	2,758	$	1,374	$	1,045	$	491	$	697		$	6,365	$	(2	)	$	6,363



	Six Months Ended June 30, 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	$	—	$	952	$	—	$	—	$	—		$	952	$	—	$	952
Institutional	—		220		—		—		—			220		—		220
Advisory fees	1,397		—		—		—		—			1,397		—		1,397
Financial planning fees	148		—		—		—		—			148		—		148
Transaction and other fees	181		96		29		3		1			310		—		310
Total management and financial advice fees	1,726		1,268		29		3		1			3,027		—		3,027

Distribution fees:
Mutual funds	374		137		—		—		—			511		—		511
Insurance and annuity	453		87		168		14		4			726		—		726
Other products	292		—		—		—		—			292		—		292
Total distribution fees	1,119		224		168		14		4			1,529		—		1,529

Other revenues	88		2		—		—		—			90		—		90
Total revenue from contracts with customers	2,933		1,494		197		17		5			4,646		—		4,646

Revenue from other sources ⁽¹⁾	147		39		1,038		491		654			2,369		116		2,485
Total segment gross revenues	3,080		1,533		1,235		508		659			7,015		116		7,131
Less: Banking and deposit interest expense	36		—		—		—		2			38		—		38
Total segment net revenues	3,044		1,533		1,235		508		657			6,977		116		7,093
Less: intersegment revenues	487		24		180		29		(1		)	719		10		729
Total net revenues	$	2,557	$	1,509	$	1,055	$	479	$	658		$	6,258	$	106	$	6,364

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