XML 52 R43.htm IDEA: XBRL DOCUMENT v3.22.2
Revenue from Contracts with Customers - Disaggregated Revenue (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue disaggregated by segment        
Total revenues $ 3,511 $ 3,420 $ 7,168 $ 6,775
Banking and deposit interest expense (3) (2) (5) (7)
Total net revenues 3,508 3,418 7,163 6,768
Management and financial advice fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 2,277 2,251 4,736 4,353
Distribution fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 458 452 904 910
Advice & Wealth Management        
Revenue disaggregated by segment        
Total net revenues 1,835 1,714 3,649 3,343
Asset Management        
Revenue disaggregated by segment        
Total net revenues 870 865 1,875 1,680
Retirement & Protection Solutions        
Revenue disaggregated by segment        
Total net revenues 655 690 1,315 1,361
Corporate & Other        
Revenue disaggregated by segment        
Total net revenues 119 118 235 257
Reportable segments        
Revenue disaggregated by segment        
Revenue from contracts with customers 2,910 2,911 5,993 5,660
Revenue from other sources 909 878 1,775 1,767
Total revenues 3,819 3,789 7,768 7,427
Banking and deposit interest expense (3) (3) (5) (8)
Total net revenues 3,816 3,786 7,763 7,419
Reportable segments | Management and financial advice fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 2,125 2,071 4,415 3,998
Reportable segments | Asset Management: Retail        
Revenue disaggregated by segment        
Revenue from contracts with customers 543 567 1,187 1,098
Reportable segments | Asset Management: Institutional        
Revenue disaggregated by segment        
Revenue from contracts with customers 173 131 368 254
Reportable segments | Advisory fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 1,144 1,113 2,335 2,141
Reportable segments | Financial planning fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 99 93 196 181
Reportable segments | Transaction and other fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 166 167 329 324
Reportable segments | Distribution fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 730 781 1,465 1,553
Reportable segments | Mutual funds        
Revenue disaggregated by segment        
Revenue from contracts with customers 244 281 513 555
Reportable segments | Insurance and annuity        
Revenue disaggregated by segment        
Revenue from contracts with customers 346 402 708 788
Reportable segments | Other products        
Revenue disaggregated by segment        
Revenue from contracts with customers 140 98 244 210
Reportable segments | Other revenues        
Revenue disaggregated by segment        
Revenue from contracts with customers 55 59 113 109
Reportable segments | Advice & Wealth Management        
Revenue disaggregated by segment        
Revenue from contracts with customers 1,936 1,912 3,898 3,725
Revenue from other sources 123 70 205 141
Total revenues 2,059 1,982 4,103 3,866
Banking and deposit interest expense (3) (2) (5) (7)
Total net revenues 2,056 1,980 4,098 3,859
Reportable segments | Advice & Wealth Management | Management and financial advice fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 1,340 1,299 2,720 2,504
Reportable segments | Advice & Wealth Management | Asset Management: Retail        
Revenue disaggregated by segment        
Revenue from contracts with customers 0 0 0 0
Reportable segments | Advice & Wealth Management | Asset Management: Institutional        
Revenue disaggregated by segment        
Revenue from contracts with customers 0 0 0 0
Reportable segments | Advice & Wealth Management | Advisory fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 1,144 1,113 2,335 2,141
Reportable segments | Advice & Wealth Management | Financial planning fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 99 93 196 181
Reportable segments | Advice & Wealth Management | Transaction and other fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 97 93 189 182
Reportable segments | Advice & Wealth Management | Distribution fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 542 562 1,071 1,121
Reportable segments | Advice & Wealth Management | Mutual funds        
Revenue disaggregated by segment        
Revenue from contracts with customers 186 212 390 419
Reportable segments | Advice & Wealth Management | Insurance and annuity        
Revenue disaggregated by segment        
Revenue from contracts with customers 216 252 437 492
Reportable segments | Advice & Wealth Management | Other products        
Revenue disaggregated by segment        
Revenue from contracts with customers 140 98 244 210
Reportable segments | Advice & Wealth Management | Other revenues        
Revenue disaggregated by segment        
Revenue from contracts with customers 54 51 107 100
Reportable segments | Asset Management        
Revenue disaggregated by segment        
Revenue from contracts with customers 871 879 1,881 1,700
Revenue from other sources 10 0 17 7
Total revenues 881 879 1,898 1,707
Banking and deposit interest expense 0 0 0 0
Total net revenues 881 879 1,898 1,707
Reportable segments | Asset Management | Management and financial advice fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 770 754 1,664 1,460
Reportable segments | Asset Management | Asset Management: Retail        
Revenue disaggregated by segment        
Revenue from contracts with customers 543 567 1,187 1,098
Reportable segments | Asset Management | Asset Management: Institutional        
Revenue disaggregated by segment        
Revenue from contracts with customers 173 131 368 254
Reportable segments | Asset Management | Advisory fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 0 0 0 0
Reportable segments | Asset Management | Financial planning fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 0 0 0 0
Reportable segments | Asset Management | Transaction and other fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 54 56 109 108
Reportable segments | Asset Management | Distribution fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 100 118 211 232
Reportable segments | Asset Management | Mutual funds        
Revenue disaggregated by segment        
Revenue from contracts with customers 58 69 123 136
Reportable segments | Asset Management | Insurance and annuity        
Revenue disaggregated by segment        
Revenue from contracts with customers 42 49 88 96
Reportable segments | Asset Management | Other products        
Revenue disaggregated by segment        
Revenue from contracts with customers 0 0 0 0
Reportable segments | Asset Management | Other revenues        
Revenue disaggregated by segment        
Revenue from contracts with customers 1 7 6 8
Reportable segments | Retirement & Protection Solutions        
Revenue disaggregated by segment        
Revenue from contracts with customers 103 119 214 234
Revenue from other sources 657 689 1,318 1,361
Total revenues 760 808 1,532 1,595
Banking and deposit interest expense 0 0 0 0
Total net revenues 760 808 1,532 1,595
Reportable segments | Retirement & Protection Solutions | Management and financial advice fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 15 18 31 34
Reportable segments | Retirement & Protection Solutions | Asset Management: Retail        
Revenue disaggregated by segment        
Revenue from contracts with customers 0 0 0 0
Reportable segments | Retirement & Protection Solutions | Asset Management: Institutional        
Revenue disaggregated by segment        
Revenue from contracts with customers 0 0 0 0
Reportable segments | Retirement & Protection Solutions | Advisory fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 0 0 0 0
Reportable segments | Retirement & Protection Solutions | Financial planning fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 0 0 0 0
Reportable segments | Retirement & Protection Solutions | Transaction and other fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 15 18 31 34
Reportable segments | Retirement & Protection Solutions | Distribution fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 88 101 183 200
Reportable segments | Retirement & Protection Solutions | Mutual funds        
Revenue disaggregated by segment        
Revenue from contracts with customers 0 0 0 0
Reportable segments | Retirement & Protection Solutions | Insurance and annuity        
Revenue disaggregated by segment        
Revenue from contracts with customers 88 101 183 200
Reportable segments | Retirement & Protection Solutions | Other products        
Revenue disaggregated by segment        
Revenue from contracts with customers 0 0 0 0
Reportable segments | Retirement & Protection Solutions | Other revenues        
Revenue disaggregated by segment        
Revenue from contracts with customers 0 0 0 0
Reportable segments | Corporate & Other        
Revenue disaggregated by segment        
Revenue from contracts with customers 0 1 0 1
Revenue from other sources 119 119 235 258
Total revenues 119 120 235 259
Banking and deposit interest expense 0 (1) 0 (1)
Total net revenues 119 119 235 258
Reportable segments | Corporate & Other | Management and financial advice fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 0 0 0 0
Reportable segments | Corporate & Other | Asset Management: Retail        
Revenue disaggregated by segment        
Revenue from contracts with customers 0 0 0 0
Reportable segments | Corporate & Other | Asset Management: Institutional        
Revenue disaggregated by segment        
Revenue from contracts with customers 0 0 0 0
Reportable segments | Corporate & Other | Advisory fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 0 0 0 0
Reportable segments | Corporate & Other | Financial planning fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 0 0 0 0
Reportable segments | Corporate & Other | Transaction and other fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 0 0 0 0
Reportable segments | Corporate & Other | Distribution fees        
Revenue disaggregated by segment        
Revenue from contracts with customers 0 0 0 0
Reportable segments | Corporate & Other | Mutual funds        
Revenue disaggregated by segment        
Revenue from contracts with customers 0 0 0 0
Reportable segments | Corporate & Other | Insurance and annuity        
Revenue disaggregated by segment        
Revenue from contracts with customers 0 0 0 0
Reportable segments | Corporate & Other | Other products        
Revenue disaggregated by segment        
Revenue from contracts with customers 0 0 0 0
Reportable segments | Corporate & Other | Other revenues        
Revenue disaggregated by segment        
Revenue from contracts with customers 0 1 0 1
Intersegment eliminations        
Revenue disaggregated by segment        
Total net revenues (337) (399) (689) (778)
Intersegment eliminations | Advice & Wealth Management        
Revenue disaggregated by segment        
Total net revenues (221) (266) (449) (516)
Intersegment eliminations | Asset Management        
Revenue disaggregated by segment        
Total net revenues (11) (14) (23) (27)
Intersegment eliminations | Retirement & Protection Solutions        
Revenue disaggregated by segment        
Total net revenues (105) (118) (217) (234)
Intersegment eliminations | Corporate & Other        
Revenue disaggregated by segment        
Total net revenues 0 (1) 0 (1)
Segment reconciling items        
Revenue disaggregated by segment        
Total net revenues 29 31 89 127
Non-operating        
Revenue disaggregated by segment        
Revenue from other sources 31 34 94 133
Total revenues 31 34 94 133
Total net revenues 31 34 94 133
Total        
Revenue disaggregated by segment        
Revenue from other sources 940 912 1,869 1,900
Total revenues 3,850 3,823 7,862 7,560
Banking and deposit interest expense (3) (3) (5) (8)
Total net revenues 3,847 3,820 7,857 7,552
Eliminations        
Revenue disaggregated by segment        
Total net revenues (339) (402) (694) (784)
Total Segments after intersegment eliminations | Reportable segments        
Revenue disaggregated by segment        
Total net revenues 3,479 3,387 7,074 6,641
Non-operating | Eliminations        
Revenue disaggregated by segment        
Total net revenues $ (2) $ (3) $ (5) $ (6)