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Revenue from Contracts with Customers (Tables) | 12 Months Ended
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Dec. 31, 2021
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | The following table presents Federated Hermes' revenue disaggregated by asset class:
(in thousands) | 2021 |  | 2020 |  | 2019
Equity | $ | 677,917 |  |  | $ | 551,028 |  |  | $ | 533,749 |
Money market | 239,318 |  |  | 570,815 |  |  | 529,340 |
Fixed-income | 237,702 |  |  | 193,649 |  |  | 179,102 |
Other 1 | 145,510 |  |  | 132,776 |  |  | 84,703 |
Total Revenue | $ | 1,300,447 |  |  | $ | 1,448,268 |  |  | $ | 1,326,894 |
1 Primarily 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 Hermes' revenue disaggregated by performance obligation:
(in thousands) | 2021 |  | 2020 |  | 2019
Asset Management 1 | $ | 915,984 |  |  | $ | 1,011,467 |  |  | $ | 907,605 |
Administrative Services | 306,639 |  |  | 318,152 |  |  | 245,887 |
Distribution 2 | 49,600 |  |  | 92,922 |  |  | 151,106 |
Other 3 | 28,224 |  |  | 25,727 |  |  | 22,296 |
Total Revenue | $ | 1,300,447 |  |  | $ | 1,448,268 |  |  | $ | 1,326,894 |
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. A portion of this revenue relates to a performance obligation that has been satisfied in a prior period. 3 Primarily includes shareholder service fees and stewardship services revenue. The following table presents Federated Hermes' revenue disaggregated by product type:
(in thousands) | 2021 |  | 2020 |  | 2019
Federated Hermes Funds | $ | 1,024,922 |  |  | $ | 1,191,851 |  |  | $ | 1,093,157 |
Separate Accounts | 259,026 |  |  | 241,631 |  |  | 221,756 |
Other 1 | 16,499 |  |  | 14,786 |  |  | 11,981 |
Total Revenue | $ | 1,300,447 |  |  | $ | 1,448,268 |  |  | $ | 1,326,894 |
1 Primarily includes stewardship services revenue.
Schedule of Remaining Unsatisfied Performance Obligations | Based on existing contracts and the exchange rates as of December 31, 2021, Federated Hermes may recognize future fixed revenue from these services as presented in the following table:
(in thousands) |  |
2022 |  | $ | 11,404 |
2023 |  | 4,714 |
2024 |  | 2,365 |
2025 and Thereafter |  | 553 |
Total Remaining Unsatisfied Performance Obligations |  | $ | 19,036 |

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- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(1) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045 + Details
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