Revenue from Contract with Customer (Tables)

6 Months Ended

Jun. 30, 2020

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, 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	$	—	$	417	$	—	$	—	$	—	$	417	$	—	$	417
Institutional	—		101		—		—		—		101		—		101
Advisory fees	797		—		—		—		—		797		—		797
Financial planning fees	86		—		—		—		—		86		—		86
Transaction and other fees	86		45		14		2		—		147		—		147
Total management and financial advice fees	969		563		14		2		—		1,548		—		1,548
Distribution fees:
Mutual funds	170		55		—		—		—		225		—		225
Insurance and annuity	196		41		82		23		—		342		—		342
Other products	87		—		—		—		—		87		—		87
Total distribution fees	453		96		82		23		—		654		—		654
Other revenues	47		1		—		—		—		48		—		48
Total revenue from contracts    with customers	1,469		660		96		25		—		2,250		—		2,250
Revenue from other sources (1)	86		8		487		232		47		860		(51)		809
Total segment gross revenues	1,555		668		583		257		47		3,110		(51)		3,059
Less: Banking and deposit interest expense	18		—		—		—		1		19		—		19
Total segment net revenues	1,537		668		583		257		46		3,091		(51)		3,040
Less: Intersegment revenues	208		13		90		15		—		326		2		328
Total net revenues	$	1,329	$	655	$	493	$	242	$	46	$	2,765	$	(53)	$	2,712

	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

	Six Months Ended June 30, 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	$	—	$	864	$	—	$	—	$	—	$	864	$	—	$	864
Institutional	—		186		—		—		—		186		—		186
Advisory fees	1,651		—		—		—		—		1,651		—		1,651
Financial planning fees	167		—		—		—		—		167		—		167
Transaction and other fees	175		92		27		4		—		298		—		298
Total management and financial advice fees	1,993		1,142		27		4		—		3,166		—		3,166
Distribution fees:
Mutual funds	354		115		—		—		—		469		—		469
Insurance and annuity	404		84		161		30		—		679		—		679
Other products	243		—		—		—		—		243		—		243
Total distribution fees	1,001		199		161		30		—		1,391		—		1,391
Other revenues	94		2		—		—		3		99		—		99
Total revenue from contracts    with customers	3,088		1,343		188		34		3		4,656		—		4,656
Revenue from other sources (1)	187		11		984		480		107		1,769		1		1,770
Total segment gross revenues	3,275		1,354		1,172		514		110		6,425		1		6,426
Less: Banking and deposit interest expense	43		—		—		—		2		45		—		45
Total segment net revenues	3,232		1,354		1,172		514		108		6,380		1		6,381
Less: Intersegment revenues	430		26		180		29		(1)		664		4		668
Total net revenues	$	2,802	$	1,328	$	992	$	485	$	109	$	5,716	$	(3)	$	5,713

	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

⁽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.