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Revenue From Contracts With Customers | 6 Months Ended
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Jun. 30, 2023
Revenue from Contract with Customer [Abstract] |
Revenue From Contracts with Customers | REVENUE FROM CONTRACTS WITH CUSTOMERS Revenue from contracts with customers comprises the noninterest income earned by the Corporation in exchange for services provided to customers. The following table presents the composition of revenue from contracts with customers, segregated from other sources of noninterest income, by business segment.
| Commercial Bank |  | Retail Bank |  | Wealth Management |  | Finance & Other |  | Total
(in millions)
Three Months Ended June 30, 2023 |  |  |  |  |  |  |  |  |
Revenue from contracts with customers: |  |  |  |  |  |  |  |  |
Card fees | $ | 59 |  |  | $ | 12 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 72 |
Fiduciary income | — |  |  | — |  |  | 62 |  |  | — |  |  | 62 |
Service charges on deposit accounts | 32 |  |  | 13 |  |  | 2 |  |  | — |  |  | 47 |
Commercial loan servicing fees (a) | 3 |  |  | — |  |  | — |  |  | — |  |  | 3 |
Capital markets income (b) | 4 |  |  | — |  |  | — |  |  | — |  |  | 4 |
Brokerage fees | — |  |  | — |  |  | 8 |  |  | — |  |  | 8 |
Other noninterest income (b) | 1 |  |  | 3 |  |  | 10 |  |  | 1 |  |  | 15 |
Total revenue from contracts with customers | 99 |  |  | 28 |  |  | 83 |  |  | 1 |  |  | 211 |
Other sources of noninterest income | 59 |  |  | 1 |  |  | — |  |  | 32 |  |  | 92 |
Total noninterest income | $ | 158 |  |  | $ | 29 |  |  | $ | 83 |  |  | $ | 33 |  |  | $ | 303 |
Three Months Ended June 30, 2022 |  |  |  |  |  |  |  |  |
Revenue from contracts with customers: |  |  |  |  |  |  |  |  |
Card fees | $ | 57 |  |  | $ | 11 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 69 |
Fiduciary income | — |  |  | — |  |  | 62 |  |  | — |  |  | 62 |
Service charges on deposit accounts | 34 |  |  | 14 |  |  | 2 |  |  | — |  |  | 50 |
Commercial loan servicing fees (a) (c) | 3 |  |  | — |  |  | — |  |  | — |  |  | 3 |
Capital markets income (b) (c) | 3 |  |  | — |  |  | — |  |  | — |  |  | 3 |
Brokerage fees | — |  |  | — |  |  | 4 |  |  | — |  |  | 4 |
Other noninterest income (b) (c) | 2 |  |  | 5 |  |  | 6 |  |  | — |  |  | 13 |
Total revenue from contracts with customers | 99 |  |  | 30 |  |  | 75 |  |  | — |  |  | 204 |
Other sources of noninterest income | 61 |  |  | 2 |  |  | 2 |  |  | (1) |  |  | 64 |
Total noninterest income | $ | 160 |  |  | $ | 32 |  |  | $ | 77 |  |  | $ | (1) |  |  | $ | 268 |
Six Months Ended June 30, 2023 |  |  |  |  |  |  |  |  |
Revenue from contracts with customers: |  |  |  |  |  |  |  |  |
Card fees | $ | 117 |  |  | $ | 22 |  |  | $ | 2 |  |  | $ | — |  |  | $ | 141 |
Fiduciary income | — |  |  | — |  |  | 120 |  |  | — |  |  | 120 |
Service charges on deposit accounts | 63 |  |  | 27 |  |  | 3 |  |  | — |  |  | 93 |
Commercial loan servicing fees (a) | 6 |  |  | — |  |  | — |  |  | — |  |  | 6 |
Capital markets income (b) | 8 |  |  | — |  |  | — |  |  | — |  |  | 8 |
Brokerage fees | — |  |  | — |  |  | 16 |  |  | — |  |  | 16 |
Other noninterest income (b) | 1 |  |  | 6 |  |  | 13 |  |  | 1 |  |  | 21 |
Total revenue from contracts with customers | 195 |  |  | 55 |  |  | 154 |  |  | 1 |  |  | 405 |
Other sources of noninterest income | 116 |  |  | 2 |  |  | 2 |  |  | 60 |  |  | 180 |
Total noninterest income | $ | 311 |  |  | $ | 57 |  |  | $ | 156 |  |  | $ | 61 |  |  | $ | 585 |
Six Months Ended June 30, 2022 |  |  |  |  |  |  |  |  |
Revenue from contracts with customers: |  |  |  |  |  |  |  |  |
Card fees | $ | 115 |  |  | $ | 21 |  |  | $ | 2 |  |  | $ | — |  |  | $ | 138 |
Fiduciary income | — |  |  | — |  |  | 120 |  |  | — |  |  | 120 |
Service charges on deposit accounts | 67 |  |  | 28 |  |  | 3 |  |  | — |  |  | 98 |
Commercial loan servicing fees (a) (c) | 6 |  |  | — |  |  | — |  |  | — |  |  | 6 |
Capital markets income (b) (c) | 5 |  |  | — |  |  | — |  |  | — |  |  | 5 |
Brokerage fees | — |  |  | — |  |  | 8 |  |  | — |  |  | 8 |
Other noninterest income (b) (c) | 2 |  |  | 10 |  |  | 11 |  |  | — |  |  | 23 |
Total revenue from contracts with customers | 195 |  |  | 59 |  |  | 144 |  |  | — |  |  | 398 |
Other sources of noninterest income | 97 |  |  | 1 |  |  | 5 |  |  | 11 |  |  | 114 |
Total noninterest income | $ | 292 |  |  | $ | 60 |  |  | $ | 149 |  |  | $ | 11 |  |  | $ | 512 |
(a)Included in commercial lending fees on the Consolidated Statements of Comprehensive Income. (b)Excludes derivative, warrant and other miscellaneous income. (c)Effective January 1, 2023, the Corporation reported derivative income, syndication agent fees (previously a component of commercial lending fees) and investment banking fees (previously a component of other noninterest income) as a combined item captioned by capital markets income on the Consolidated Statements of Comprehensive Income. Prior periods have been adjusted to conform to this presentation, and the changes in presentation do not impact total noninterest income. Revenue from contracts with customers did not generate significant contract assets and liabilities for the periods presented.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org//606/tableOfContent + Details
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