Revenue from Contract with Customer (Tables)

3 Months Ended

Mar. 31, 2020

Revenue from Contract with Customer [Abstract]

Schedule of disaggregation of revenues [Table Text Block]

. Revenue from Contracts with Customers

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, 2020
	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	$	—	$	447	$	—	$	—	$	—		$	447	$	—	$	447
Institutional	—		85		—		—		—			85		—		85
Advisory fees	854		—		—		—		—			854		—		854
Financial planning fees	81		—		—		—		—			81		—		81
Transaction and other fees	89		47		13		2		—			151		—		151
Total management and financial advice fees	1,024		579		13		2		—			1,618		—		1,618

Distribution fees:
Mutual funds	184		60		—		—		—			244		—		244
Insurance and annuity	208		43		79		7		—			337		—		337
Other products	156		—		—		—		—			156		—		156
Total distribution fees	548		103		79		7		—			737		—		737

Other revenues	47		1		—		—		3			51		—		51
Total revenue from contracts with customers	1,619		683		92		9		3			2,406		—		2,406

Revenue from other sources ⁽¹⁾	101		3		497		248		60			909		52		961
Total segment gross revenues	1,720		686		589		257		63			3,315		52		3,367
Less: Banking and deposit interest expense	25		—		—		—		1			26		—		26
Total segment net revenues	1,695		686		589		257		62			3,289		52		3,341
Less: Intersegment revenues	222		13		90		14		(1		)	338		2		340
Total net revenues	$	1,473	$	673	$	499	$	243	$	63		$	2,951	$	50	$	3,001



	Three Months Ended March 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	$	—	$	429	$	—	$	—	$	—		$	429	$	—	$	429
Institutional	—		104		—		—		—			104		—		104
Advisory fees	725		—		—		—		—			725		—		725
Financial planning fees	69		—		—		—		—			69		—		69
Transaction and other fees	84		46		13		2		—			145		—		145
Total management and financial advice fees	878		579		13		2		—			1,472		—		1,472

Distribution fees:
Mutual funds	171		57		—		—		—			228		—		228
Insurance and annuity	205		41		79		7		2			334		—		334
Other products	185		—		—		—		—			185		—		185
Total distribution fees	561		98		79		7		2			747		—		747

Other revenues	45		1		2		—		—			48		—		48
Total revenue from contracts with customers	1,484		678		94		9		2			2,267		—		2,267

Revenue from other sources ⁽¹⁾	105		11		510		253		342			1,221		3		1,224
Total segment gross revenues	1,589		689		604		262		344			3,488		3		3,491
Less: Banking and deposit interest expense	35		—		—		—		2			37		—		37
Total segment net revenues	1,554		689		604		262		342			3,451		3		3,454
Less: Intersegment revenues	219		13		88		15		(2		)	333		3		336
Total net revenues	$	1,335	$	676	$	516	$	247	$	344		$	3,118	$	—	$	3,118

⁽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.