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

12 Months Ended

Dec. 31, 2020

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, 2020
	Advice & Wealth Management		Asset Management		Retirement & Protection Solutions		Corporate & Other		Total Segments		Non-operating Revenue		Total
	(in millions)
Management and financial advice fees:
Asset management fees:
Retail	$	—	$	1,822	$	—	$	—	$	1,822	$	—	$	1,822
Institutional	—		442		—		—		442		—		442
Advisory fees	3,511		—		—		—		3,511		—		3,511
Financial planning fees	348		—		—		—		348		—		348
Transaction and other fees	352		190		62		—		604		—		604
Total management and financial advice fees	4,211		2,454		62		—		6,727		—		6,727
Distribution fees:
Mutual funds	737		237		—		—		974		—		974
Insurance and annuity	835		174		363		—		1,372		—		1,372
Other products	430		—		—		—		430		—		430
Total distribution fees	2,002		411		363		—		2,776		—		2,776
Other revenues	182		2		6		3		193		—		193
Total revenue from contracts with customers	6,395		2,867		431		3		9,696		—		9,696
Revenue from other sources (1)	339		24		2,663		546		3,572		77		3,649
Total segment gross revenues	6,734		2,891		3,094		549		13,268		77		13,345
Less: Banking and deposit interest expense	59		—		—		3		62		—		62
Total segment net revenues	6,675		2,891		3,094		546		13,206		77		13,283
Less: Intersegment revenues	893		53		433		(2)		1,377		7		1,384
Total net revenues	$	5,782	$	2,838	$	2,661	$	548	$	11,829	$	70	$	11,899

	Year Ended December 31, 2019
	Advice & Wealth Management		Asset Management		Retirement & Protection Solutions		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		63		—		607		—		607
Total management and financial advice fees	3,841		2,467		63		—		6,371		—		6,371
Distribution fees:
Mutual funds	726		237		—		—		963		—		963
Insurance and annuity	875		171		357		6		1,409		—		1,409
Other products	680		—		—		—		680		—		680
Total distribution fees	2,281		408		357		6		3,052		—		3,052
Other revenues	177		4		—		—		181		—		181
Total revenue from contracts with customers	6,299		2,879		420		6		9,604		—		9,604
Revenue from other sources (1)	436		34		2,703		1,479		4,652		265		4,917
Total segment gross revenues	6,735		2,913		3,123		1,485		14,256		265		14,521
Less: Banking and deposit interest expense	136		—		—		8		144		—		144
Total segment net revenues	6,599		2,913		3,123		1,477		14,112		265		14,377
Less: Intersegment revenues	924		55		429		(6)		1,402		8		1,410
Total net revenues	$	5,675	$	2,858	$	2,694	$	1,483	$	12,710	$	257	$	12,967

	Year Ended December 31, 2018
	Advice & Wealth Management		Asset Management		Retirement & Protection Solutions		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		65		—		610		—		610
Total management and financial advice fees	3,538		2,517		65		—		6,120		—		6,120
Distribution fees:
Mutual funds	729		260		—		—		989		—		989
Insurance and annuity	890		173		360		7		1,430		—		1,430
Other products	622		—		—		—		622		—		622
Total distribution fees	2,241		433		360		7		3,041		—		3,041
Other revenues	171		3		1		—		175		—		175
Total revenue from contracts with customers	5,950		2,953		426		7		9,336		—		9,336
Revenue from other sources (1)	328		58		2,741		1,740		4,867		158		5,025
Total segment gross revenues	6,278		3,011		3,167		1,747		14,203		158		14,361
Less: Banking and deposit interest expense	89		—		—		6		95		—		95
Total segment net revenues	6,189		3,011		3,167		1,741		14,108		158		14,266
Less: Intersegment revenues	952		50		417		(5)		1,414		17		1,431
Total net revenues	$	5,237	$	2,961	$	2,750	$	1,746	$	12,694	$	141	$	12,835

(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.