XML 73 R42.htm IDEA: XBRL DOCUMENT v3.22.1
Revenue from Contracts with Customers - Disaggregated Revenue (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue disaggregated by segment    
Total revenues $ 3,657 $ 3,355
Banking and deposit interest expense (2) (5)
Total net revenues 3,655 3,350
Management and financial advice fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 2,459 2,102
Distribution fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 446 458
Advice & Wealth Management    
Revenue disaggregated by segment    
Total net revenues 1,814 1,629
Asset Management    
Revenue disaggregated by segment    
Total net revenues 1,005 815
Retirement & Protection Solutions    
Revenue disaggregated by segment    
Total net revenues 660 671
Corporate & Other    
Revenue disaggregated by segment    
Total net revenues 116 139
Reportable segments    
Revenue disaggregated by segment    
Revenue from contracts with customers 3,083 2,749
Revenue from other sources 866 889
Total revenues 3,949 3,638
Banking and deposit interest expense (2) (5)
Total net revenues 3,947 3,633
Reportable segments | Management and financial advice fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 2,290 1,927
Reportable segments | Asset Management: Retail    
Revenue disaggregated by segment    
Revenue from contracts with customers 644 531
Reportable segments | Asset Management: Institutional    
Revenue disaggregated by segment    
Revenue from contracts with customers 195 123
Reportable segments | Advisory fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 1,191 1,028
Reportable segments | Financial planning fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 97 88
Reportable segments | Transaction and other fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 163 157
Reportable segments | Distribution fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 735 772
Reportable segments | Mutual funds    
Revenue disaggregated by segment    
Revenue from contracts with customers 269 274
Reportable segments | Insurance and annuity    
Revenue disaggregated by segment    
Revenue from contracts with customers 362 386
Reportable segments | Other products    
Revenue disaggregated by segment    
Revenue from contracts with customers 104 112
Reportable segments | Other revenues    
Revenue disaggregated by segment    
Revenue from contracts with customers 58 50
Reportable segments | Advice & Wealth Management    
Revenue disaggregated by segment    
Revenue from contracts with customers 1,962 1,813
Revenue from other sources 82 71
Total revenues 2,044 1,884
Banking and deposit interest expense (2) (5)
Total net revenues 2,042 1,879
Reportable segments | Advice & Wealth Management | Management and financial advice fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 1,380 1,205
Reportable segments | Advice & Wealth Management | Asset Management: Retail    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Advice & Wealth Management | Asset Management: Institutional    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Advice & Wealth Management | Advisory fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 1,191 1,028
Reportable segments | Advice & Wealth Management | Financial planning fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 97 88
Reportable segments | Advice & Wealth Management | Transaction and other fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 92 89
Reportable segments | Advice & Wealth Management | Distribution fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 529 559
Reportable segments | Advice & Wealth Management | Mutual funds    
Revenue disaggregated by segment    
Revenue from contracts with customers 204 207
Reportable segments | Advice & Wealth Management | Insurance and annuity    
Revenue disaggregated by segment    
Revenue from contracts with customers 221 240
Reportable segments | Advice & Wealth Management | Other products    
Revenue disaggregated by segment    
Revenue from contracts with customers 104 112
Reportable segments | Advice & Wealth Management | Other revenues    
Revenue disaggregated by segment    
Revenue from contracts with customers 53 49
Reportable segments | Asset Management    
Revenue disaggregated by segment    
Revenue from contracts with customers 1,010 821
Revenue from other sources 7 7
Total revenues 1,017 828
Banking and deposit interest expense 0 0
Total net revenues 1,017 828
Reportable segments | Asset Management | Management and financial advice fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 894 706
Reportable segments | Asset Management | Asset Management: Retail    
Revenue disaggregated by segment    
Revenue from contracts with customers 644 531
Reportable segments | Asset Management | Asset Management: Institutional    
Revenue disaggregated by segment    
Revenue from contracts with customers 195 123
Reportable segments | Asset Management | Advisory fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Asset Management | Financial planning fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Asset Management | Transaction and other fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 55 52
Reportable segments | Asset Management | Distribution fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 111 114
Reportable segments | Asset Management | Mutual funds    
Revenue disaggregated by segment    
Revenue from contracts with customers 65 67
Reportable segments | Asset Management | Insurance and annuity    
Revenue disaggregated by segment    
Revenue from contracts with customers 46 47
Reportable segments | Asset Management | Other products    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Asset Management | Other revenues    
Revenue disaggregated by segment    
Revenue from contracts with customers 5 1
Reportable segments | Retirement & Protection Solutions    
Revenue disaggregated by segment    
Revenue from contracts with customers 111 115
Revenue from other sources 661 672
Total revenues 772 787
Banking and deposit interest expense 0 0
Total net revenues 772 787
Reportable segments | Retirement & Protection Solutions | Management and financial advice fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 16 16
Reportable segments | Retirement & Protection Solutions | Asset Management: Retail    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Retirement & Protection Solutions | Asset Management: Institutional    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Retirement & Protection Solutions | Advisory fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Retirement & Protection Solutions | Financial planning fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Retirement & Protection Solutions | Transaction and other fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 16 16
Reportable segments | Retirement & Protection Solutions | Distribution fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 95 99
Reportable segments | Retirement & Protection Solutions | Mutual funds    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Retirement & Protection Solutions | Insurance and annuity    
Revenue disaggregated by segment    
Revenue from contracts with customers 95 99
Reportable segments | Retirement & Protection Solutions | Other products    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Retirement & Protection Solutions | Other revenues    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Corporate & Other    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Revenue from other sources 116 139
Total revenues 116 139
Banking and deposit interest expense 0 0
Total net revenues 116 139
Reportable segments | Corporate & Other | Management and financial advice fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Corporate & Other | Asset Management: Retail    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Corporate & Other | Asset Management: Institutional    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Corporate & Other | Advisory fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Corporate & Other | Financial planning fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Corporate & Other | Transaction and other fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Corporate & Other | Distribution fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Corporate & Other | Mutual funds    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Corporate & Other | Insurance and annuity    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Corporate & Other | Other products    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Corporate & Other | Other revenues    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Intersegment eliminations    
Revenue disaggregated by segment    
Total net revenues (352) (379)
Intersegment eliminations | Advice & Wealth Management    
Revenue disaggregated by segment    
Total net revenues (228) (250)
Intersegment eliminations | Asset Management    
Revenue disaggregated by segment    
Total net revenues (12) (13)
Intersegment eliminations | Retirement & Protection Solutions    
Revenue disaggregated by segment    
Total net revenues (112) (116)
Intersegment eliminations | Corporate & Other    
Revenue disaggregated by segment    
Total net revenues 0 0
Segment reconciling items    
Revenue disaggregated by segment    
Total net revenues 60 96
Non-operating    
Revenue disaggregated by segment    
Revenue from other sources 63 99
Total revenues 63 99
Total net revenues 63 99
Total    
Revenue disaggregated by segment    
Revenue from other sources 929 988
Total revenues 4,012 3,737
Banking and deposit interest expense (2) (5)
Total net revenues 4,010 3,732
Eliminations    
Revenue disaggregated by segment    
Total net revenues (355) (382)
Total Segments after intersegment eliminations | Reportable segments    
Revenue disaggregated by segment    
Total net revenues 3,595 3,254
Non-operating | Eliminations    
Revenue disaggregated by segment    
Total net revenues $ (3) $ (3)