Revenue from Contract with Customer (Tables)

9 Months Ended

Sep. 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 September 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	$	—	$	448		$	—	$	—	$	—		$	448	$	—	$	448
Institutional	—		135			—		—		—			135		—		135
Advisory fees	813		—			—		—		—			813		—		813
Financial planning fees	80		—			—		—		—			80		—		80
Transaction and other fees	91		48			14		2		—			155		—		155
Total management and financial advice fees	984		631			14		2		—			1,631		—		1,631
Distribution fees:
Mutual funds	183		59			—		—		—			242		—		242
Insurance and annuity	226		43			84		7		1			361		—		361
Other products	169		—			—		—		—			169		—		169
Total distribution fees	578		102			84		7		1			772		—		772
Other revenues	40		—			—		—		—			40		—		40
Total revenue from contracts with customers	1,602		733			98		9		1			2,443		—		2,443
Revenue from other sources (1)	115		8			519		256		356			1,254		19		1,273
Total segment gross revenues	1,717		741			617		265		357			3,697		19		3,716
Less: Banking and deposit interest expense	35		(1		)	—		—		1			35		—		35
Total segment net revenues	1,682		742			617		265		356			3,662		19		3,681
Less: Intersegment revenues	240		13			94		16		(1		)	362		2		364
Total net revenues	$	1,442	$	729		$	523	$	249	$	357		$	3,300	$	17	$	3,317

	Three Months Ended September 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	$	—	$	479	$	—	$	—	$	—		$	479	$	—	$	479
Institutional	—		125		—		—		—			125		—		125
Advisory fees	740		—		—		—		—			740		—		740
Financial planning fees	75		—		—		—		—			75		—		75
Transaction and other fees	87		48		15		2		—			152		—		152
Total management and financial advice fees	902		652		15		2		—			1,571		—		1,571
Distribution fees:
Mutual funds	182		64		—		—		—			246		—		246
Insurance and annuity	220		44		85		8		1			358		—		358
Other products	156		—		—		—		—			156		—		156
Total distribution fees	558		108		85		8		1			760		—		760
Other revenues	43		—		—		—		—			43		—		43
Total revenue from contracts with customers	1,503		760		100		10		1			2,374		—		2,374
Revenue from other sources (1)	85		12		528		318		331			1,274		26		1,300
Total segment gross revenues	1,588		772		628		328		332			3,648		26		3,674
Less: Banking and deposit interest expense	24		—		—		—		2			26		—		26
Total segment net revenues	1,564		772		628		328		330			3,622		26		3,648
Less: Intersegment revenues	235		13		91		17		(2		)	354		2		356
Total net revenues	$	1,329	$	759	$	537	$	311	$	332		$	3,268	$	24	$	3,292

	Nine Months Ended September 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	$	—	$	1,319	$	—	$	—	$	—		$	1,319	$	—	$	1,319
Institutional	—		350		—		—		—			350		—		350
Advisory fees	2,317		—		—		—		—			2,317		—		2,317
Financial planning fees	233		—		—		—		—			233		—		233
Transaction and other fees	266		141		41		6		—			454		—		454
Total management and financial advice fees	2,816		1,810		41		6		—			4,673		—		4,673
Distribution fees:
Mutual funds	536		176		—		—		—			712		—		712
Insurance and annuity	649		127		244		21		5			1,046		—		1,046
Other products	534		—		—		—		—			534		—		534
Total distribution fees	1,719		303		244		21		5			2,292		—		2,292
Other revenues	134		4		—		—		—			138		—		138
Total revenue from contracts with customers	4,669		2,117		285		27		5			7,103		—		7,103
Revenue from other sources (1)	326		26		1,556		759		1,050			3,717		21		3,738
Total segment gross revenues	4,995		2,143		1,841		786		1,055			10,820		21		10,841
Less: Banking and deposit interest expense	106		—		—		—		5			111		—		111
Total segment net revenues	4,889		2,143		1,841		786		1,050			10,709		21		10,730
Less: intersegment revenues	689		40		273		46		(4		)	1,044		6		1,050
Total net revenues	$	4,200	$	2,103	$	1,568	$	740	$	1,054		$	9,665	$	15	$	9,680

	Nine Months Ended September 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	$	—	$	1,431	$	—	$	—	$	—		$	1,431	$	—	$	1,431
Institutional	—		345		—		—		—			345		—		345
Advisory fees	2,137		—		—		—		—			2,137		—		2,137
Financial planning fees	223		—		—		—		—			223		—		223
Transaction and other fees	268		144		44		5		1			462		—		462
Total management and financial advice fees	2,628		1,920		44		5		1			4,598		—		4,598
Distribution fees:
Mutual funds	556		201		—		—		—			757		—		757
Insurance and annuity	673		131		253		22		5			1,084		—		1,084
Other products	448		—		—		—		—			448		—		448
Total distribution fees	1,677		332		253		22		5			2,289		—		2,289
Other revenues	131		2		—		—		—			133		—		133
Total revenue from contracts with customers	4,436		2,254		297		27		6			7,020		—		7,020
Revenue from other sources (1)	232		51		1,566		809		985			3,643		142		3,785
Total segment gross revenues	4,668		2,305		1,863		836		991			10,663		142		10,805
Less: Banking and deposit interest expense	60		—		—		—		4			64		—		64
Total segment net revenues	4,608		2,305		1,863		836		987			10,599		142		10,741
Less: intersegment revenues	722		37		271		46		(3		)	1,073		12		1,085
Total net revenues	$	3,886	$	2,268	$	1,592	$	790	$	990		$	9,526	$	130	$	9,656

⁽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.