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v3.20.2

Revenue from Contract with Customer (Tables) | 9 Months Ended
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Sep. 30, 2020
Revenue from Contract with Customer [Abstract] |
Schedule of disaggregation of revenues [Table Text Block] | The following tables present revenue disaggregated by segment on an adjusted operating basis with a reconciliation of segment revenues to those reported on the Consolidated Statements of Operations:
| Three Months Ended September 30, 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 | $ | — |  |  | $ | 466 |  |  | $ | — |  |  | $ | — |  |  | $ | 466 |  |  | $ | — |  |  | $ | 466 |
Institutional | — |  |  | 122 |  |  | — |  |  | — |  |  | 122 |  |  | — |  |  | 122 |
Advisory fees | 907 |  |  | — |  |  | — |  |  | — |  |  | 907 |  |  | — |  |  | 907 |
Financial planning fees | 81 |  |  | — |  |  | — |  |  | — |  |  | 81 |  |  | — |  |  | 81 |
Transaction and other fees | 89 |  |  | 47 |  |  | 14 |  |  | — |  |  | 150 |  |  | — |  |  | 150 |
Total management and financial advice fees | 1,077 |  |  | 635 |  |  | 14 |  |  | — |  |  | 1,726 |  |  | — |  |  | 1,726 |
Distribution fees: |  |  |  |  |  |  |  |  |  |  |  |  |
Mutual funds | 186 |  |  | 59 |  |  | — |  |  | — |  |  | 245 |  |  | — |  |  | 245 |
Insurance and annuity | 202 |  |  | 45 |  |  | 75 |  |  | — |  |  | 322 |  |  | — |  |  | 322 |
Other products | 91 |  |  | — |  |  | — |  |  | — |  |  | 91 |  |  | — |  |  | 91 |
Total distribution fees | 479 |  |  | 104 |  |  | 75 |  |  | — |  |  | 658 |  |  | — |  |  | 658 |
Other revenues | 44 |  |  | — |  |  | 5 |  |  | — |  |  | 49 |  |  | — |  |  | 49 |
Total revenue from contracts with customers | 1,600 |  |  | 739 |  |  | 94 |  |  | — |  |  | 2,433 |  |  | — |  |  | 2,433 |
Revenue from other sources (1) | 77 |  |  | — |  |  | 687 |  |  | 132 |  |  | 896 |  |  | 27 |  |  | 923 |
Total segment gross revenues | 1,677 |  |  | 739 |  |  | 781 |  |  | 132 |  |  | 3,329 |  |  | 27 |  |  | 3,356 |
Less: Banking and deposit interest expense | 10 |  |  | — |  |  | — |  |  | — |  |  | 10 |  |  | — |  |  | 10 |
Total segment net revenues | 1,667 |  |  | 739 |  |  | 781 |  |  | 132 |  |  | 3,319 |  |  | 27 |  |  | 3,346 |
Less: Intersegment revenues | 219 |  |  | 13 |  |  | 110 |  |  | — |  |  | 342 |  |  | 1 |  |  | 343 |
Total net revenues | $ | 1,448 |  |  | $ | 726 |  |  | $ | 671 |  |  | $ | 132 |  |  | $ | 2,977 |  |  | $ | 26 |  |  | $ | 3,003 |
| Three Months Ended September 30, 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 | $ | — |  |  | $ | 448 |  |  | $ | — |  |  | $ | — |  |  | $ | 448 |  |  | $ | — |  |  | $ | 448 |
Institutional | — |  |  | 135 |  |  | — |  |  | — |  |  | 135 |  |  | — |  |  | 135 |
Advisory fees | 813 |  |  | — |  |  | — |  |  | — |  |  | 813 |  |  | — |  |  | 813 |
Financial planning fees | 80 |  |  | — |  |  | — |  |  | — |  |  | 80 |  |  | — |  |  | 80 |
Transaction and other fees | 91 |  |  | 48 |  |  | 16 |  |  | — |  |  | 155 |  |  | — |  |  | 155 |
Total management and financial advice fees | 984 |  |  | 631 |  |  | 16 |  |  | — |  |  | 1,631 |  |  | — |  |  | 1,631 |
Distribution fees: |  |  |  |  |  |  |  |  |  |  |  |  |
Mutual funds | 183 |  |  | 59 |  |  | — |  |  | — |  |  | 242 |  |  | — |  |  | 242 |
Insurance and annuity | 226 |  |  | 43 |  |  | 91 |  |  | 1 |  |  | 361 |  |  | — |  |  | 361 |
Other products | 169 |  |  | — |  |  | — |  |  | — |  |  | 169 |  |  | — |  |  | 169 |
Total distribution fees | 578 |  |  | 102 |  |  | 91 |  |  | 1 |  |  | 772 |  |  | — |  |  | 772 |
Other revenues | 40 |  |  | — |  |  | — |  |  | — |  |  | 40 |  |  | — |  |  | 40 |
Total revenue from contracts with customers | 1,602 |  |  | 733 |  |  | 107 |  |  | 1 |  |  | 2,443 |  |  | — |  |  | 2,443 |
Revenue from other sources (1) | 115 |  |  | 8 |  |  | 681 |  |  | 450 |  |  | 1,254 |  |  | 19 |  |  | 1,273 |
Total segment gross revenues | 1,717 |  |  | 741 |  |  | 788 |  |  | 451 |  |  | 3,697 |  |  | 19 |  |  | 3,716 |
Less: Banking and deposit interest expense | 35 |  |  | (1) |  |  | — |  |  | 1 |  |  | 35 |  |  | — |  |  | 35 |
Total segment net revenues | 1,682 |  |  | 742 |  |  | 788 |  |  | 450 |  |  | 3,662 |  |  | 19 |  |  | 3,681 |
Less: Intersegment revenues | 240 |  |  | 13 |  |  | 110 |  |  | (1) |  |  | 362 |  |  | 2 |  |  | 364 |
Total net revenues | $ | 1,442 |  |  | $ | 729 |  |  | $ | 678 |  |  | $ | 451 |  |  | $ | 3,300 |  |  | $ | 17 |  |  | $ | 3,317 |
| Nine Months Ended September 30, 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 | $ | — |  |  | $ | 1,330 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,330 |  |  | $ | — |  |  | $ | 1,330 |
Institutional | — |  |  | 308 |  |  | — |  |  | — |  |  | 308 |  |  | — |  |  | 308 |
Advisory fees | 2,558 |  |  | — |  |  | — |  |  | — |  |  | 2,558 |  |  | — |  |  | 2,558 |
Financial planning fees | 248 |  |  | — |  |  | — |  |  | — |  |  | 248 |  |  | — |  |  | 248 |
Transaction and other fees | 264 |  |  | 139 |  |  | 45 |  |  | — |  |  | 448 |  |  | — |  |  | 448 |
Total management and financial advice fees | 3,070 |  |  | 1,777 |  |  | 45 |  |  | — |  |  | 4,892 |  |  | — |  |  | 4,892 |
Distribution fees: |  |  |  |  |  |  |  |  |  |  |  |  |
Mutual funds | 540 |  |  | 174 |  |  | — |  |  | — |  |  | 714 |  |  | — |  |  | 714 |
Insurance and annuity | 606 |  |  | 129 |  |  | 266 |  |  | — |  |  | 1,001 |  |  | — |  |  | 1,001 |
Other products | 334 |  |  | — |  |  | — |  |  | — |  |  | 334 |  |  | — |  |  | 334 |
Total distribution fees | 1,480 |  |  | 303 |  |  | 266 |  |  | — |  |  | 2,049 |  |  | — |  |  | 2,049 |
Other revenues | 138 |  |  | 2 |  |  | 5 |  |  | 3 |  |  | 148 |  |  | — |  |  | 148 |
Total revenue from contracts with customers | 4,688 |  |  | 2,082 |  |  | 316 |  |  | 3 |  |  | 7,089 |  |  | — |  |  | 7,089 |
Revenue from other sources (1) | 264 |  |  | 11 |  |  | 1,979 |  |  | 411 |  |  | 2,665 |  |  | 28 |  |  | 2,693 |
Total segment gross revenues | 4,952 |  |  | 2,093 |  |  | 2,295 |  |  | 414 |  |  | 9,754 |  |  | 28 |  |  | 9,782 |
Less: Banking and deposit interest expense | 53 |  |  | — |  |  | — |  |  | 2 |  |  | 55 |  |  | — |  |  | 55 |
Total segment net revenues | 4,899 |  |  | 2,093 |  |  | 2,295 |  |  | 412 |  |  | 9,699 |  |  | 28 |  |  | 9,727 |
Less: Intersegment revenues | 649 |  |  | 39 |  |  | 319 |  |  | (1) |  |  | 1,006 |  |  | 5 |  |  | 1,011 |
Total net revenues | $ | 4,250 |  |  | $ | 2,054 |  |  | $ | 1,976 |  |  | $ | 413 |  |  | $ | 8,693 |  |  | $ | 23 |  |  | $ | 8,716 |
| Nine Months Ended September 30, 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 | $ | — |  |  | $ | 1,319 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,319 |  |  | $ | — |  |  | $ | 1,319 |
Institutional | — |  |  | 350 |  |  | — |  |  | — |  |  | 350 |  |  | — |  |  | 350 |
Advisory fees | 2,317 |  |  | — |  |  | — |  |  | — |  |  | 2,317 |  |  | — |  |  | 2,317 |
Financial planning fees | 233 |  |  | — |  |  | — |  |  | — |  |  | 233 |  |  | — |  |  | 233 |
Transaction and other fees | 266 |  |  | 141 |  |  | 47 |  |  | — |  |  | 454 |  |  | — |  |  | 454 |
Total management and financial advice fees | 2,816 |  |  | 1,810 |  |  | 47 |  |  | — |  |  | 4,673 |  |  | — |  |  | 4,673 |
Distribution fees: |  |  |  |  |  |  |  |  |  |  |  |  |
Mutual funds | 536 |  |  | 176 |  |  | — |  |  | — |  |  | 712 |  |  | — |  |  | 712 |
Insurance and annuity | 649 |  |  | 127 |  |  | 265 |  |  | 5 |  |  | 1,046 |  |  | — |  |  | 1,046 |
Other products | 534 |  |  | — |  |  | — |  |  | — |  |  | 534 |  |  | — |  |  | 534 |
Total distribution fees | 1,719 |  |  | 303 |  |  | 265 |  |  | 5 |  |  | 2,292 |  |  | — |  |  | 2,292 |
Other revenues | 134 |  |  | 4 |  |  | — |  |  | — |  |  | 138 |  |  | — |  |  | 138 |
Total revenue from contracts with customers | 4,669 |  |  | 2,117 |  |  | 312 |  |  | 5 |  |  | 7,103 |  |  | — |  |  | 7,103 |
Revenue from other sources (1) | 326 |  |  | 26 |  |  | 2,025 |  |  | 1,340 |  |  | 3,717 |  |  | 21 |  |  | 3,738 |
Total segment gross revenues | 4,995 |  |  | 2,143 |  |  | 2,337 |  |  | 1,345 |  |  | 10,820 |  |  | 21 |  |  | 10,841 |
Less: Banking and deposit interest expense | 106 |  |  | — |  |  | — |  |  | 5 |  |  | 111 |  |  | — |  |  | 111 |
Total segment net revenues | 4,889 |  |  | 2,143 |  |  | 2,337 |  |  | 1,340 |  |  | 10,709 |  |  | 21 |  |  | 10,730 |
Less: Intersegment revenues | 689 |  |  | 40 |  |  | 319 |  |  | (4) |  |  | 1,044 |  |  | 6 |  |  | 1,050 |
Total net revenues | $ | 4,200 |  |  | $ | 2,103 |  |  | $ | 2,018 |  |  | $ | 1,344 |  |  | $ | 9,665 |  |  | $ | 15 |  |  | $ | 9,680 |
(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.

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045 + Details
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