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Revenue from Contracts with Customers | 9 Months Ended
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Sep. 30, 2018
Revenue from Contract with Customer [Abstract] |
Revenue from Contracts with Customers | Revenue from Contracts with Customers The following table presents Federated's revenue disaggregated by asset class:
| Three Months Ended |  | Nine Months Ended
(in thousands) | September 30, 2018 |  | September 30, 2018
Equity | $ | 138,624 |  |  | $ | 344,323 |
Money Market | 101,257 |  |  | 304,662 |
Fixed-Income | 45,897 |  |  | 135,442 |
Other 1 | 22,838 |  |  | 44,034 |
Total Revenue | $ | 308,616 |  |  | $ | 828,461 |
1 | Includes Alternative / Private Markets (including but not limited to private equity, real estate and infrastructure), Multi-Asset and stewardship services revenue.
The following table presents Federated's revenue disaggregated by performance obligation:
| Three Months Ended |  | Nine Months Ended
(in thousands) | September 30, 2018 |  | September 30, 2018
Asset Management 1 | $ | 217,036 |  |  | $ | 559,429 |
Administrative Services | 49,855 |  |  | 147,248 |
Distribution 2 | 36,226 |  |  | 111,206 |
Other 3 | 5,499 |  |  | 10,578 |
Total Revenue | $ | 308,616 |  |  | $ | 828,461 |
1 | The performance obligation may include administrative, distribution and other services recorded as a single asset management fee under Topic 606, as it is part of a unitary fee arrangement with a single performance obligation.
2 | The performance obligation is satisfied at a point in time and may include CDSC's and upfront commissions. A portion of this revenue relates to a performance obligation that has been satisfied in a prior period.
3 | Includes shareholder service fees and stewardship services revenue.
The following table presents Federated's revenue disaggregated by geographical market:
| Three Months Ended |  | Nine Months Ended
(in thousands) | September 30, 2018 |  | September 30, 2018
Domestic | $ | 251,683 |  |  | $ | 756,647 |
Foreign 1 | 56,933 |  |  | 71,814 |
Total Revenue | $ | 308,616 |  |  | $ | 828,461 |
1 | This represents revenue earned by non-U.S. domiciled subsidiaries.
The following table presents Federated's revenue disaggregated by product type:
| Three Months Ended |  | Nine Months Ended
(in thousands) | September 30, 2018 |  | September 30, 2018
Federated Funds | $ | 248,428 |  |  | $ | 691,641 |
Separate Accounts | 57,508 |  |  | 134,140 |
Other 1 | 2,680 |  |  | 2,680 |
Total Revenue | $ | 308,616 |  |  | $ | 828,461 |
1 | Includes stewardship services revenue.
Federated is not required to disclose certain estimates of revenue expected to be recorded in future periods as a result of applying the following exemptions: (1) contract terms are short-term in nature (i.e., expected duration of one year or less due to termination provisions) and (2) the expected variable consideration would be allocated entirely to future service periods. Federated expects to recognize revenue in the future related to the unsatisfied portion of the stewardship services performance obligations at September 30, 2018. Generally, contracts are billed in arrears on a quarterly basis and have a three year duration, after which the customer can terminate the agreement with a six to twelve month notice. Based on existing contracts as of September 30, 2018, Federated may record future fixed revenue of approximately $3 million per quarter for stewardship services contracts.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -URI http://asc.fasb.org/topic&trid=2122369 + Details
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