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Revenue from Contracts with Customers - Disaggregated Revenue (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue disaggregated by segment        
Total revenues $ 2,906 $ 3,013 $ 9,681 $ 8,769
Banking and deposit interest expense (3) (10) (10) (53)
Total net revenues 2,903 3,003 9,671 8,716
Management and financial advice fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 2,367 1,893 6,720 5,365
Distribution fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 458 400 1,368 1,239
Advice and Wealth Management Segment        
Revenue disaggregated by segment        
Total net revenues 1,787 1,448 5,130 4,250
Asset Management Segment        
Revenue disaggregated by segment        
Total net revenues 903 726 2,583 2,054
Retirement and Protection Solutions Segment        
Revenue disaggregated by segment        
Total net revenues 712 671 2,073 1,976
Corporate and Other Segment        
Revenue disaggregated by segment        
Total net revenues 113 132 370 413
Reportable segments        
Revenue disaggregated by segment        
Revenue from contracts with customers 3,012 2,433 8,672 7,089
Revenue from other sources [1] 901 896 2,668 2,665
Total revenues 3,913 3,329 11,340 9,754
Banking and deposit interest expense (3) (10) (11) (55)
Total net revenues 3,910 3,319 11,329 9,699
Reportable segments | Management and financial advice fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 2,179 1,726 6,177 4,892
Reportable segments | Asset Management: Retail        
Revenue disaggregated by segment        
Revenue from contracts with customers 587 466 1,685 1,330
Reportable segments | Asset Management: Institutional        
Revenue disaggregated by segment        
Revenue from contracts with customers 143 122 397 308
Reportable segments | Advisory fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 1,189 907 3,330 2,558
Reportable segments | Financial planning fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 91 81 272 248
Reportable segments | Transaction and other fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 169 150 493 448
Reportable segments | Distribution fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 785 658 2,338 2,049
Reportable segments | Mutual funds        
Revenue disaggregated by segment        
Revenue from contracts with customers 289 245 844 714
Reportable segments | Insurance and annuity        
Revenue disaggregated by segment        
Revenue from contracts with customers 400 322 1,188 1,001
Reportable segments | Other products        
Revenue disaggregated by segment        
Revenue from contracts with customers 96 91 306 334
Reportable segments | Other revenues        
Revenue disaggregated by segment        
Revenue from contracts with customers 48 49 157 148
Reportable segments | Advice and Wealth Management Segment        
Revenue disaggregated by segment        
Revenue from contracts with customers 1,981 1,600 5,706 4,688
Revenue from other sources [1] 70 77 211 264
Total revenues 2,051 1,677 5,917 4,952
Banking and deposit interest expense (3) (10) (10) (53)
Total net revenues 2,048 1,667 5,907 4,899
Reportable segments | Advice and Wealth Management Segment | Management and financial advice fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 1,374 1,077 3,878 3,070
Reportable segments | Advice and Wealth Management Segment | Advisory fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 1,189 907 3,330 2,558
Reportable segments | Advice and Wealth Management Segment | Financial planning fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 91 81 272 248
Reportable segments | Advice and Wealth Management Segment | Transaction and other fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 94 89 276 264
Reportable segments | Advice and Wealth Management Segment | Distribution fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 561 479 1,682 1,480
Reportable segments | Advice and Wealth Management Segment | Mutual funds        
Revenue disaggregated by segment        
Revenue from contracts with customers 219 186 638 540
Reportable segments | Advice and Wealth Management Segment | Insurance and annuity        
Revenue disaggregated by segment        
Revenue from contracts with customers 246 202 738 606
Reportable segments | Advice and Wealth Management Segment | Other products        
Revenue disaggregated by segment        
Revenue from contracts with customers 96 91 306 334
Reportable segments | Advice and Wealth Management Segment | Other revenues        
Revenue disaggregated by segment        
Revenue from contracts with customers 46 44 146 138
Reportable segments | Asset Management Segment        
Revenue disaggregated by segment        
Revenue from contracts with customers 908 739 2,608 2,082
Revenue from other sources [1] 7   14 11
Total revenues 915 739 2,622 2,093
Total net revenues 915 739 2,622 2,093
Reportable segments | Asset Management Segment | Management and financial advice fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 787 635 2,247 1,777
Reportable segments | Asset Management Segment | Asset Management: Retail        
Revenue disaggregated by segment        
Revenue from contracts with customers 587 466 1,685 1,330
Reportable segments | Asset Management Segment | Asset Management: Institutional        
Revenue disaggregated by segment        
Revenue from contracts with customers 143 122 397 308
Reportable segments | Asset Management Segment | Transaction and other fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 57 47 165 139
Reportable segments | Asset Management Segment | Distribution fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 120 104 352 303
Reportable segments | Asset Management Segment | Mutual funds        
Revenue disaggregated by segment        
Revenue from contracts with customers 70 59 206 174
Reportable segments | Asset Management Segment | Insurance and annuity        
Revenue disaggregated by segment        
Revenue from contracts with customers 50 45 146 129
Reportable segments | Asset Management Segment | Other revenues        
Revenue disaggregated by segment        
Revenue from contracts with customers 1   9 2
Reportable segments | Retirement and Protection Solutions Segment        
Revenue disaggregated by segment        
Revenue from contracts with customers 122 94 356 316
Revenue from other sources [1] 712 687 2,073 1,979
Total revenues 834 781 2,429 2,295
Total net revenues 834 781 2,429 2,295
Reportable segments | Retirement and Protection Solutions Segment | Management and financial advice fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 18 14 52 45
Reportable segments | Retirement and Protection Solutions Segment | Transaction and other fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 18 14 52 45
Reportable segments | Retirement and Protection Solutions Segment | Distribution fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 104 75 304 266
Reportable segments | Retirement and Protection Solutions Segment | Insurance and annuity        
Revenue disaggregated by segment        
Revenue from contracts with customers 104 75 304 266
Reportable segments | Corporate and Other Segment        
Revenue disaggregated by segment        
Revenue from contracts with customers 1   2 3
Revenue from other sources [1] 112 132 370 411
Total revenues 113 132 372 414
Banking and deposit interest expense     (1) (2)
Total net revenues 113 132 371 412
Reportable segments | Corporate and Other Segment | Other revenues        
Revenue disaggregated by segment        
Revenue from contracts with customers 1   2 3
Intersegment eliminations        
Revenue disaggregated by segment        
Total net revenues (395) [2] (342) [2] (1,173) [3] (1,006) [3]
Intersegment eliminations | Advice and Wealth Management Segment        
Revenue disaggregated by segment        
Total net revenues (261) (219) (777) (649)
Intersegment eliminations | Asset Management Segment        
Revenue disaggregated by segment        
Total net revenues (12) (13) (39) (39)
Intersegment eliminations | Retirement and Protection Solutions Segment        
Revenue disaggregated by segment        
Total net revenues (122) (110) (356) (319)
Intersegment eliminations | Corporate and Other Segment        
Revenue disaggregated by segment        
Total net revenues 0 0 (1) 1
Segment reconciling items        
Revenue disaggregated by segment        
Total net revenues (612) 26 (485) 23
Non-operating        
Revenue disaggregated by segment        
Revenue from other sources [1] (605) 27 (472) 28
Total revenues (605) 27 (472) 28
Total net revenues (605) 27 (472) 28
Total        
Revenue disaggregated by segment        
Revenue from other sources [1] 296 923 2,196 2,693
Total revenues 3,308 3,356 10,868 9,782
Banking and deposit interest expense (3) (10) (11) (55)
Total net revenues 3,305 3,346 10,857 9,727
Eliminations        
Revenue disaggregated by segment        
Total net revenues (402) (343) (1,186) (1,011)
Total Segments after intersegment eliminations | Reportable segments        
Revenue disaggregated by segment        
Total net revenues 3,515 2,977 10,156 8,693
Non-operating | Eliminations        
Revenue disaggregated by segment        
Total net revenues $ (7) $ (1) $ (13) $ (5)
[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.
[2] Represents the elimination of intersegment revenues recognized for the three months ended September 30, 2021 and 2020 in each segment as follows: Advice & Wealth Management ($261 million and $219 million, respectively); Asset Management ($12 million and $13 million, respectively); Retirement & Protection Solutions ($122 million and $110 million, respectively); and Corporate & Other (nil and nil, respectively).
[3] Represents the elimination of intersegment revenues recognized for the nine months ended September 30, 2021 and 2020 in each segment as follows: Advice & Wealth Management ($777 million and $649 million, respectively); Asset Management ($39 million and $39 million, respectively); Retirement & Protection Solutions ($356 million and $319 million, respectively); and Corporate & Other ($1 million and $(1) million, respectively).