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Revenue from Service Contracts
 12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Revenue from Service Contracts
Note 14     Revenue from Service Contracts
The Company provides investment management services, transaction processing and administrative services and distribution and related services to proprietary and third-party investment funds, retirement plans, group benefit plans, institutional investors and other arrangements. The Company also provides real estate management services to tenants of the Company’s investment properties.
The Company’s service contracts generally impose single performance obligations, each consisting of a series of similar related services for each customer.
The Company’s performance obligations within service arrangements are generally satisfied over time as the customer simultaneously receives and consumes the benefits of the services rendered, measured using an output method. Fees typically include variable consideration and the related revenue is recognized to the extent that it is highly probable that a significant reversal in the amount of cumulative revenue recognized will not occur when the uncertainty is subsequently resolved.
Asset based fees vary with asset values of accounts under management, subject to market conditions and investor behaviors beyond the Company’s control. Transaction processing and administrative fees vary with activity volume, also beyond the Company’s control. Some fees, including distribution fees, are based on account balances and transaction volumes. Fees related to account balances and transaction volumes are measured daily. Real estate management service fees include fixed portions plus recovery of variable costs of services rendered to tenants. Fees related to services provided are generally recognized as services are rendered, which is when it becomes highly probable that no significant reversal of cumulative revenue recognized will occur. The Company has determined that its service contracts have no significant financing components because fees are collected monthly. The Company has no significant contract assets or contract liabilities.
The following tables present revenue from service contracts by service lines and reporting segments as disclosed in note 20.
 
For the year ended December 31, 2022
   Asia     Canada     U.S.     Global
WAM		     Corporate
and Other		     Total  
Investment management and other related fees
  
$
234
 
  
$
242
 
  
$
445
 
  
$
3,079
 
  
$
(250
) 
  
$
3,750
 
Transaction processing, administration, and service fees
  
 
292
 
  
 
866
 
  
 
13
 
  
 
2,416
 
  
 
(8
) 
  
 
3,579
 
Distribution fees and other
  
 
143
 
  
 
43
 
  
 
76
 
  
 
868
 
  
 
(44
) 
  
 
1,086
 
Total included in other revenue
  
 
669
 
  
 
1,151
 
  
 
534
 
  
 
6,363
 
  
 
(302
) 
  
 
8,415
 
Revenue from
non-service
lines
  
 
789
 
  
 
275
 
  
 
(76
) 
  
 
(13
) 
  
 
(226
) 
  
 
749
 
Total other revenue
  
$
1,458
 
  
$
1,426
 
  
$
458
 
  
$
6,350
 
  
$
(528
) 
  
$
9,164
 
Real estate management services included in net investment income
  
$
35
 
  
$
136
 
  
$
126
 
  
$
–
 
  
$
8
 
  
$
305
 
             
For the year ended December 31, 2021   Asia     Canada     U.S.     Global
WAM		     Corporate
and Other		     Total  
Investment management and other related fees
   $ 217     $ 230     $ 499     $ 3,198     $   (247 )    $ 3,897  
Transaction processing, administration, and service fees
     287       918       12       2,517       (11 )      3,723  
Distribution fees and other
     251       20       65       799       (54 )      1,081  
Total included in other revenue
     755       1,168       576       6,514       (312 )      8,701  
Revenue from
non-service
lines
     941       168       1,248       (1 )      75       2,431  
Total other revenue
   $   1,696     $   1,336     $   1,824     $   6,513     $ (237 )    $   11,132  
Real estate management services included in net investment income
   $ 37     $ 126     $ 128     $ –     $ 7     $ 298