Revenue from Contracts with Customers (Tables)

12 Months Ended

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]

Schedule of disaggregated revenue by segment

	Year Ended December 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	$	—	$	2,309	$	—	$	—	$	2,309	$	—	$	2,309
Institutional	—		645		—		—		645		—		645
Advisory fees	4,539		—		—		—		4,539		—		4,539
Financial planning fees	386		—		—		—		386		—		386
Transaction and other fees	372		223		70		—		665		—		665
Total management and financial advice fees	5,297		3,177		70		—		8,544		—		8,544
Distribution fees:
Mutual funds	858		276		—		—		1,134		—		1,134
Insurance and annuity	994		195		409		—		1,598		—		1,598
Other products	401		—		—		—		401		—		401
Total distribution fees	2,253		471		409		—		3,133		—		3,133
Other revenues	196		4		—		—		200		—		200
Total revenue from contracts with customers	7,746		3,652		479		—		11,877		—		11,877
Revenue from other sources (1)	287		30		2,765		489		3,571		(414)		3,157
Total segment gross revenues	8,033		3,682		3,244		489		15,448		(414)		15,034
Banking and deposit interest expense	(12)		—		—		(2)		(14)		—		(14)
Total segment net revenues	8,021		3,682		3,244		487		15,434		(414)		15,020
Elimination of intersegment revenues	(1,043)		(50)		(478)		(2)		(1,573)		(16)		(1,589)
Total net revenues	$	6,978	$	3,632	$	2,766	$	485	$	13,861	$	(430)	$	13,431

	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
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
Elimination of 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
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
Elimination of 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

(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.