Revenue from Contract with Customer (Tables)

3 Months Ended

Mar. 31, 2021

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 March 31, 2021
	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	$	—	$	531	$	—	$	—	$	531	$	—	$	531
Institutional	—		123		—		—		123		—		123
Advisory fees	1,028		—		—		—		1,028		—		1,028
Financial planning fees	88		—		—		—		88		—		88
Transaction and other fees	89		52		16		—		157		—		157
Total management and financial advice fees	1,205		706		16		—		1,927		—		1,927
Distribution fees:
Mutual funds	207		67		—		—		274		—		274
Insurance and annuity	240		47		99		—		386		—		386
Other products	112		—		—		—		112		—		112
Total distribution fees	559		114		99		—		772		—		772
Other revenues	49		1		—		—		50		—		50
Total revenue from contracts with customers	1,813		821		115		—		2,749		—		2,749
Revenue from other sources (1)	71		7		672		139		889		99		988
Total segment gross revenues	1,884		828		787		139		3,638		99		3,737
Less: Banking and deposit interest expense	5		—		—		—		5		—		5
Total segment net revenues	1,879		828		787		139		3,633		99		3,732
Less: Intersegment revenues	250		13		116		—		379		3		382
Total net revenues	$	1,629	$	815	$	671	$	139	$	3,254	$	96	$	3,350

	Three Months Ended March 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	$	—	$	447	$	—	$	—	$	447	$	—	$	447
Institutional	—		85		—		—		85		—		85
Advisory fees	854		—		—		—		854		—		854
Financial planning fees	81		—		—		—		81		—		81
Transaction and other fees	89		47		15		—		151		—		151
Total management and financial advice fees	1,024		579		15		—		1,618		—		1,618
Distribution fees:
Mutual funds	184		60		—		—		244		—		244
Insurance and annuity	208		43		86		—		337		—		337
Other products	156		—		—		—		156		—		156
Total distribution fees	548		103		86		—		737		—		737
Other revenues	47		1		—		3		51		—		51
Total revenue from contracts with customers	1,619		683		101		3		2,406		—		2,406
Revenue from other sources (1)	101		3		658		147		909		52		961
Total segment gross revenues	1,720		686		759		150		3,315		52		3,367
Less: Banking and deposit interest expense	25		—		—		1		26		—		26
Total segment net revenues	1,695		686		759		149		3,289		52		3,341
Less: Intersegment revenues	222		13		104		(1)		338		2		340
Total net revenues	$	1,473	$	673	$	655	$	150	$	2,951	$	50	$	3,001

(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.