XML 58 R47.htm IDEA: XBRL DOCUMENT v3.23.1
Revenue from Contracts with Customers - Disaggregated Revenue (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Revenue disaggregated by segment          
Total revenues $ 3,845 $ 3,627 [1] $ 3,346 $ 14,334 $ 13,389
Banking and deposit interest expense (103) (2) [1]      
Total net revenues 3,742 3,625 [1] $ 3,341 14,258 13,377
Management and financial advice fees          
Revenue disaggregated by segment          
Revenue from contracts with customers 2,137 2,459 [1]      
Distribution fees          
Revenue disaggregated by segment          
Revenue from contracts with customers 517 446 [1]   $ 1,939 $ 1,828
Advice & Wealth Management          
Revenue disaggregated by segment          
Total net revenues 2,064 1,814      
Asset Management          
Revenue disaggregated by segment          
Total net revenues 782 1,005      
Retirement & Protection Solutions          
Revenue disaggregated by segment          
Total net revenues 722 656      
Corporate & Other          
Revenue disaggregated by segment          
Total net revenues 130 116      
Reportable segments          
Revenue disaggregated by segment          
Revenue from contracts with customers 2,830 3,083      
Revenue from other sources 1,291 862      
Total revenues 4,121 3,945      
Banking and deposit interest expense (107) (2)      
Total net revenues 4,014 3,943      
Reportable segments | Management and financial advice fees          
Revenue disaggregated by segment          
Revenue from contracts with customers 2,004 2,290      
Reportable segments | Asset Management: Retail          
Revenue disaggregated by segment          
Revenue from contracts with customers 491 644      
Reportable segments | Asset Management: Institutional          
Revenue disaggregated by segment          
Revenue from contracts with customers 152 195      
Reportable segments | Advisory fees          
Revenue disaggregated by segment          
Revenue from contracts with customers 1,109 1,191      
Reportable segments | Financial planning fees          
Revenue disaggregated by segment          
Revenue from contracts with customers 101 97      
Reportable segments | Transaction and other fees          
Revenue disaggregated by segment          
Revenue from contracts with customers 151 163      
Reportable segments | Distribution fees          
Revenue disaggregated by segment          
Revenue from contracts with customers 763 735      
Reportable segments | Mutual funds          
Revenue disaggregated by segment          
Revenue from contracts with customers 227 269      
Reportable segments | Insurance and annuity          
Revenue disaggregated by segment          
Revenue from contracts with customers 329 362      
Reportable segments | Off-balance sheet brokerage cash          
Revenue disaggregated by segment          
Revenue from contracts with customers 126 16      
Reportable segments | Other products          
Revenue disaggregated by segment          
Revenue from contracts with customers 81 88      
Reportable segments | Other revenues          
Revenue disaggregated by segment          
Revenue from contracts with customers 63 58      
Reportable segments | Advice & Wealth Management          
Revenue disaggregated by segment          
Revenue from contracts with customers 1,950 1,962      
Revenue from other sources 418 82      
Total revenues 2,368 2,044      
Banking and deposit interest expense (103) (2)      
Total net revenues 2,265 2,042      
Reportable segments | Advice & Wealth Management | Management and financial advice fees          
Revenue disaggregated by segment          
Revenue from contracts with customers 1,299 1,380      
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 1,109 1,191      
Reportable segments | Advice & Wealth Management | Financial planning fees          
Revenue disaggregated by segment          
Revenue from contracts with customers 101 97      
Reportable segments | Advice & Wealth Management | Transaction and other fees          
Revenue disaggregated by segment          
Revenue from contracts with customers 89 92      
Reportable segments | Advice & Wealth Management | Distribution fees          
Revenue disaggregated by segment          
Revenue from contracts with customers 593 529      
Reportable segments | Advice & Wealth Management | Mutual funds          
Revenue disaggregated by segment          
Revenue from contracts with customers 175 204      
Reportable segments | Advice & Wealth Management | Insurance and annuity          
Revenue disaggregated by segment          
Revenue from contracts with customers 211 221      
Reportable segments | Advice & Wealth Management | Off-balance sheet brokerage cash          
Revenue disaggregated by segment          
Revenue from contracts with customers 126 16      
Reportable segments | Advice & Wealth Management | Other products          
Revenue disaggregated by segment          
Revenue from contracts with customers 81 88      
Reportable segments | Advice & Wealth Management | Other revenues          
Revenue disaggregated by segment          
Revenue from contracts with customers 58 53      
Reportable segments | Asset Management          
Revenue disaggregated by segment          
Revenue from contracts with customers 786 1,010      
Revenue from other sources 13 7      
Total revenues 799 1,017      
Banking and deposit interest expense 0 0      
Total net revenues 799 1,017      
Reportable segments | Asset Management | Management and financial advice fees          
Revenue disaggregated by segment          
Revenue from contracts with customers 691 894      
Reportable segments | Asset Management | Asset Management: Retail          
Revenue disaggregated by segment          
Revenue from contracts with customers 491 644      
Reportable segments | Asset Management | Asset Management: Institutional          
Revenue disaggregated by segment          
Revenue from contracts with customers 152 195      
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 48 55      
Reportable segments | Asset Management | Distribution fees          
Revenue disaggregated by segment          
Revenue from contracts with customers 90 111      
Reportable segments | Asset Management | Mutual funds          
Revenue disaggregated by segment          
Revenue from contracts with customers 52 65      
Reportable segments | Asset Management | Insurance and annuity          
Revenue disaggregated by segment          
Revenue from contracts with customers 38 46      
Reportable segments | Asset Management | Off-balance sheet brokerage cash          
Revenue disaggregated by segment          
Revenue from contracts with customers 0 0      
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 5      
Reportable segments | Retirement & Protection Solutions          
Revenue disaggregated by segment          
Revenue from contracts with customers 94 111      
Revenue from other sources 730 657      
Total revenues 824 768      
Banking and deposit interest expense 0 0      
Total net revenues 824 768      
Reportable segments | Retirement & Protection Solutions | Management and financial advice fees          
Revenue disaggregated by segment          
Revenue from contracts with customers 14 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 14 16      
Reportable segments | Retirement & Protection Solutions | Distribution fees          
Revenue disaggregated by segment          
Revenue from contracts with customers 80 95      
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 80 95      
Reportable segments | Retirement & Protection Solutions | Off-balance sheet brokerage cash          
Revenue disaggregated by segment          
Revenue from contracts with customers 0 0      
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 130 116      
Total revenues 130 116      
Banking and deposit interest expense (4) 0      
Total net revenues 126 116      
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 | Off-balance sheet brokerage cash          
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 (316) (352)      
Intersegment eliminations | Advice & Wealth Management          
Revenue disaggregated by segment          
Total net revenues (201) (228)      
Intersegment eliminations | Asset Management          
Revenue disaggregated by segment          
Total net revenues (17) (12)      
Intersegment eliminations | Retirement & Protection Solutions          
Revenue disaggregated by segment          
Total net revenues (102) (112)      
Intersegment eliminations | Corporate & Other          
Revenue disaggregated by segment          
Total net revenues 4 0      
Segment reconciling items          
Revenue disaggregated by segment          
Total net revenues 44 34      
Non-operating          
Revenue disaggregated by segment          
Revenue from other sources 47 37      
Total revenues 47 37      
Total net revenues 47 37      
Total          
Revenue disaggregated by segment          
Revenue from other sources 1,338 899      
Total revenues 4,168 3,982      
Banking and deposit interest expense (107) (2)      
Total net revenues 4,061 3,980      
Eliminations          
Revenue disaggregated by segment          
Total net revenues (319) (355)      
Total Segments after intersegment eliminations | Reportable segments          
Revenue disaggregated by segment          
Total net revenues 3,698 3,591      
Non-operating | Segment reconciling items          
Revenue disaggregated by segment          
Total net revenues 41 17      
Non-operating | Eliminations          
Revenue disaggregated by segment          
Total net revenues $ (3) $ (3)      
[1] Certain prior period amounts have been restated. See Note 3 for more information.