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Revenue from Contract with Customer (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenue disaggregated by segment        
Total revenues $ 3,420 $ 2,730 $ 6,775 $ 5,756
Less: Banking and deposit interest expense (2) (18) (7) (43)
Total net revenues 3,418 2,712 6,768 5,713
Intersegment eliminations        
Revenue disaggregated by segment        
Total net revenues (399) [1] (326) [1] (778) [2] (664) [2]
Eliminations        
Revenue disaggregated by segment        
Total net revenues (402) (328) (784) (668)
Reportable segments        
Revenue disaggregated by segment        
Revenue from contracts with customers 2,911 2,250 5,660 4,656
Revenue from other sources 878 860 1,767 1,769
Total revenues 3,789 3,110 7,427 6,425
Less: Banking and deposit interest expense (3) (19) (8) (45)
Total net revenues 3,786 3,091 7,419 6,380
Nonsegment        
Revenue disaggregated by segment        
Revenue from other sources 34 (51) 133 1
Total revenues 34 (51) 133 1
Total net revenues 34 (51) 133 1
Segment reconciling items        
Revenue disaggregated by segment        
Total net revenues 31 (53) 127 (3)
Total        
Revenue disaggregated by segment        
Revenue from other sources 912 809 1,900 1,770
Total revenues 3,823 3,059 7,560 6,426
Less: Banking and deposit interest expense (3) (19) (8) (45)
Total net revenues 3,820 3,040 7,552 6,381
Total Segments after intersegment eliminations | Reportable segments        
Revenue disaggregated by segment        
Total net revenues 3,387 2,765 6,641 5,716
CIEs | Eliminations        
Revenue disaggregated by segment        
Total net revenues (3) (2) (6) (4)
Management and financial advice fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 2,251 1,702 4,353 3,472
Management and financial advice fees | Reportable segments        
Revenue disaggregated by segment        
Revenue from contracts with customers 2,071 1,548 3,998 3,166
Asset Management: Retail | Reportable segments        
Revenue disaggregated by segment        
Revenue from contracts with customers 567 417 1,098 864
Asset Management: Institutional | Reportable segments        
Revenue disaggregated by segment        
Revenue from contracts with customers 131 101 254 186
Advisory fees | Reportable segments        
Revenue disaggregated by segment        
Revenue from contracts with customers 1,113 797 2,141 1,651
Financial planning fees | Reportable segments        
Revenue disaggregated by segment        
Revenue from contracts with customers 93 86 181 167
Transaction and other fees | Reportable segments        
Revenue disaggregated by segment        
Revenue from contracts with customers 167 147 324 298
Distribution fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 452 375 910 839
Distribution fees | Reportable segments        
Revenue disaggregated by segment        
Revenue from contracts with customers 781 654 1,553 1,391
Mutual funds | Reportable segments        
Revenue disaggregated by segment        
Revenue from contracts with customers 281 225 555 469
Insurance and annuity | Reportable segments        
Revenue disaggregated by segment        
Revenue from contracts with customers 402 342 788 679
Other products | Reportable segments        
Revenue disaggregated by segment        
Revenue from contracts with customers 98 87 210 243
Other revenues | Reportable segments        
Revenue disaggregated by segment        
Revenue from contracts with customers 59 48 109 99
Advice and Wealth Management Segment        
Revenue disaggregated by segment        
Total net revenues 1,714 1,329 3,343 2,802
Advice and Wealth Management Segment | Intersegment eliminations        
Revenue disaggregated by segment        
Total net revenues (266) (208) (516) (430)
Advice and Wealth Management Segment | Reportable segments        
Revenue disaggregated by segment        
Revenue from contracts with customers 1,912 1,469 3,725 3,088
Revenue from other sources 70 86 141 187
Total revenues 1,982 1,555 3,866 3,275
Less: Banking and deposit interest expense (2) (18) (7) (43)
Total net revenues 1,980 1,537 3,859 3,232
Advice and Wealth Management Segment | Management and financial advice fees | Reportable segments        
Revenue disaggregated by segment        
Revenue from contracts with customers 1,299 969 2,504 1,993
Advice and Wealth Management Segment | Advisory fees | Reportable segments        
Revenue disaggregated by segment        
Revenue from contracts with customers 1,113 797 2,141 1,651
Advice and Wealth Management Segment | Financial planning fees | Reportable segments        
Revenue disaggregated by segment        
Revenue from contracts with customers 93 86 181 167
Advice and Wealth Management Segment | Transaction and other fees | Reportable segments        
Revenue disaggregated by segment        
Revenue from contracts with customers 93 86 182 175
Advice and Wealth Management Segment | Distribution fees | Reportable segments        
Revenue disaggregated by segment        
Revenue from contracts with customers 562 453 1,121 1,001
Advice and Wealth Management Segment | Mutual funds | Reportable segments        
Revenue disaggregated by segment        
Revenue from contracts with customers 212 170 419 354
Advice and Wealth Management Segment | Insurance and annuity | Reportable segments        
Revenue disaggregated by segment        
Revenue from contracts with customers 252 196 492 404
Advice and Wealth Management Segment | Other products | Reportable segments        
Revenue disaggregated by segment        
Revenue from contracts with customers 98 87 210 243
Advice and Wealth Management Segment | Other revenues | Reportable segments        
Revenue disaggregated by segment        
Revenue from contracts with customers 51 47 100 94
Asset Management Segment        
Revenue disaggregated by segment        
Total net revenues 865 655 1,680 1,328
Asset Management Segment | Intersegment eliminations        
Revenue disaggregated by segment        
Total net revenues (14) (13) (27) (26)
Asset Management Segment | Reportable segments        
Revenue disaggregated by segment        
Revenue from contracts with customers 879 660 1,700 1,343
Revenue from other sources   8 7 11
Total revenues 879 668 1,707 1,354
Total net revenues 879 668 1,707 1,354
Asset Management Segment | Management and financial advice fees | Reportable segments        
Revenue disaggregated by segment        
Revenue from contracts with customers 754 563 1,460 1,142
Asset Management Segment | Asset Management: Retail | Reportable segments        
Revenue disaggregated by segment        
Revenue from contracts with customers 567 417 1,098 864
Asset Management Segment | Asset Management: Institutional | Reportable segments        
Revenue disaggregated by segment        
Revenue from contracts with customers 131 101 254 186
Asset Management Segment | Transaction and other fees | Reportable segments        
Revenue disaggregated by segment        
Revenue from contracts with customers 56 45 108 92
Asset Management Segment | Distribution fees | Reportable segments        
Revenue disaggregated by segment        
Revenue from contracts with customers 118 96 232 199
Asset Management Segment | Mutual funds | Reportable segments        
Revenue disaggregated by segment        
Revenue from contracts with customers 69 55 136 115
Asset Management Segment | Insurance and annuity | Reportable segments        
Revenue disaggregated by segment        
Revenue from contracts with customers 49 41 96 84
Asset Management Segment | Other revenues | Reportable segments        
Revenue disaggregated by segment        
Revenue from contracts with customers 7 1 8 2
Retirement & Protection Solutions Segment        
Revenue disaggregated by segment        
Total net revenues 690 650 1,361 1,305
Retirement & Protection Solutions Segment | Intersegment eliminations        
Revenue disaggregated by segment        
Total net revenues (118) (105) (234) (209)
Retirement & Protection Solutions Segment | Reportable segments        
Revenue disaggregated by segment        
Revenue from contracts with customers 119 121 234 222
Revenue from other sources 689 634 1,361 1,292
Total revenues 808 755 1,595 1,514
Total net revenues 808 755 1,595 1,514
Retirement & Protection Solutions Segment | Management and financial advice fees | Reportable segments        
Revenue disaggregated by segment        
Revenue from contracts with customers 18 16 34 31
Retirement & Protection Solutions Segment | Transaction and other fees | Reportable segments        
Revenue disaggregated by segment        
Revenue from contracts with customers 18 16 34 31
Retirement & Protection Solutions Segment | Distribution fees | Reportable segments        
Revenue disaggregated by segment        
Revenue from contracts with customers 101 105 200 191
Retirement & Protection Solutions Segment | Insurance and annuity | Reportable segments        
Revenue disaggregated by segment        
Revenue from contracts with customers 101 105 200 191
Corporate and Other Segment        
Revenue disaggregated by segment        
Total net revenues 118 131 257 281
Corporate and Other Segment | Intersegment eliminations        
Revenue disaggregated by segment        
Total net revenues (1)   (1) 1
Corporate and Other Segment | Reportable segments        
Revenue disaggregated by segment        
Revenue from contracts with customers 1   1 3
Revenue from other sources 119 132 258 279
Total revenues 120 132 259 282
Less: Banking and deposit interest expense (1) (1) (1) (2)
Total net revenues 119 $ 131 258 280
Corporate and Other Segment | Other revenues | Reportable segments        
Revenue disaggregated by segment        
Revenue from contracts with customers $ 1   $ 1 $ 3
[1] Represents the elimination of intersegment revenues recognized for the three months ended June 30, 2021 and 2020 in each segment as follows: Advice & Wealth Management ($266 million and $208 million, respectively); Asset Management ($14 million and $13 million, respectively); Retirement & Protection Solutions ($118 million and $105 million, respectively); and Corporate & Other ($1 million and nil, respectively).
[2] Represents the elimination of intersegment revenues recognized for the six months ended June 30, 2021 and 2020 in each segment as follows: Advice & Wealth Management ($516 million and $430 million, respectively); Asset Management ($27 million and $26 million, respectively); Retirement & Protection Solutions ($234 million and $209 million, respectively); and Corporate & Other ($1 million and $(1) million, respectively).