Revenue from Contract with Customer Revenue from Contract with Customer (Tables)

12 Months Ended

Dec. 31, 2019

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue [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:



	Year Ended December 31, 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	$	—	$	1,783	$	—	$	—	$	—		$	1,783	$	—	$	1,783
Institutional	—		495		—		—		—			495		—		495
Advisory fees	3,156		—		—		—		—			3,156		—		3,156
Financial planning fees	330		—		—		—		—			330		—		330
Transaction and other fees	355		189		55		8		—			607		—		607
Total management and financial advice fees	3,841		2,467		55		8		—			6,371		—		6,371

Distribution fees:
Mutual funds	726		237		—		—		—			963		—		963
Insurance and annuity	875		171		329		28		6			1,409		—		1,409
Other products	680		—		—		—		—			680		—		680
Total distribution fees	2,281		408		329		28		6			3,052		—		3,052

Other revenues	177		4		—		—		—			181		—		181
Total revenue from contracts with customers	6,299		2,879		384		36		6			9,604		—		9,604

Revenue from other sources ⁽¹⁾	436		34		2,075		1,011		1,096			4,652		265		4,917
Total segment gross revenues	6,735		2,913		2,459		1,047		1,102			14,256		265		14,521

Less: Banking and deposit interest expense	136		—		—		—		8			144		—		144
Total segment net revenues	6,599		2,913		2,459		1,047		1,094			14,112		265		14,377

Less: intersegment revenues	924		55		367		62		(6		)	1,402		8		1,410
Total net revenues	$	5,675	$	2,858	$	2,092	$	985	$	1,100		$	12,710	$	257	$	12,967



	Year Ended December 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	$	—	$	1,874	$	—	$	—	$	—		$	1,874	$	—	$	1,874
Institutional	—		453		—		—		—			453		—		453
Advisory fees	2,865		—		—		—		—			2,865		—		2,865
Financial planning fees	318		—		—		—		—			318		—		318
Transaction and other fees	355		190		57		8		—			610		—		610
Total management and financial advice fees	3,538		2,517		57		8		—			6,120		—		6,120

Distribution fees:
Mutual funds	729		260		—		—		—			989		—		989
Insurance and annuity	890		173		332		28		7			1,430		—		1,430
Other products	622		—		—		—		—			622		—		622
Total distribution fees	2,241		433		332		28		7			3,041		—		3,041

Other revenues	171		3		—		1		—			175		—		175
Total revenue from contracts with customers	5,950		2,953		389		37		7			9,336		—		9,336

Revenue from other sources ⁽¹⁾	328		58		2,087		1,059		1,335			4,867		158		5,025
Total segment gross revenues	6,278		3,011		2,476		1,096		1,342			14,203		158		14,361

Less: Banking and deposit interest expense	89		—		—		—		6			95		—		95
Total segment net revenues	6,189		3,011		2,476		1,096		1,336			14,108		158		14,266

Less: intersegment revenues	952		50		356		61		(5		)	1,414		17		1,431
Total net revenues	$	5,237	$	2,961	$	2,120	$	1,035	$	1,341		$	12,694	$	141	$	12,835



	Year Ended December 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	$	—	$	1,851	$	—	$	—	$	—		$	1,851	$	—	$	1,851
Institutional	—		495		—		—		—			495		—		495
Advisory fees	2,494		—		—		—		—			2,494		—		2,494
Financial planning fees	297		—		—		—		—			297		—		297
Transaction and other fees	362		202		57		8		—			629		—		629
Total management and financial advice fees	3,153		2,548		57		8		—			5,766		—		5,766

Distribution fees:
Mutual funds	765		289		—		—		—			1,054		—		1,054
Insurance and annuity	855		169		327		28		5			1,384		—		1,384
Other products	475		—		—		—		—			475		—		475
Total distribution fees	2,095		458		327		28		5			2,913		—		2,913

Other revenues	164		2		—		—		—			166		—		166
Total revenue from contracts with customers	5,412		3,008		384		36		5			8,845		—		8,845

Revenue from other sources ⁽¹⁾	252		64		2,115		947		1,232			4,610		154		4,764
Total segment gross revenues	5,664		3,072		2,499		983		1,237			13,455		154		13,609

Less: Banking and deposit interest expense	48		—		—		—		3			51		—		51
Total segment net revenues	5,616		3,072		2,499		983		1,234			13,404		154		13,558

Less: intersegment revenues	953		47		351		62		(2		)	1,411		15		1,426
Total net revenues	$	4,663	$	3,025	$	2,148	$	921	$	1,236		$	11,993	$	139	$	12,132

⁽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.