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Contract revenue (Tables)
 3 Months Ended
Mar. 31, 2020
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue The following table presents fee revenue related to contracts with customers, disaggregated by type of fee revenue, for each business segment.

Disaggregation of contract revenue by business segment (a)
 
 
 
 
 
 
 
 
 
 
 
Quarter ended
 
March 31, 2020
 
Dec. 31, 2019
 
March 31, 2019
(in millions)
IS

IM

Other

Total

 
IS (b)

IM (b)

Other (b)

Total

 
IS (b)

IM (b)

Other (b)

Total

Fee revenue - contract revenue:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investment services fees:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Asset servicing fees
$
1,127

$
23

$
(11
)
$
1,139

 
$
1,117

$
25

$
(14
)
$
1,128

 
$
1,081

$
20

$
(8
)
$
1,093

Clearing services fees
470

—

—

470

 
421

—

—

421

 
398

—

—

398

Issuer services fees
263

—

—

263

 
264

—

—

264

 
251

—

—

251

Treasury services fees
149

—

—

149

 
148

—

—

148

 
132

—

—

132

Total investment services fees
2,009

23

(11
)
2,021

 
1,950

25

(14
)
1,961

 
1,862

20

(8
)
1,874

Investment management and performance fees
5

862

(4
)
863

 
5

886

(4
)
887

 
4

841

(4
)
841

Financing-related fees
28

—

—

28

 
12

—

—

12

 
17

—

—

17

Distribution and servicing
(12
)
43

—

31

 
(10
)
44

—

34

 
(14
)
45

—

31

Investment and other income
72

(50
)
—

22

 
72

(50
)
—

22

 
69

(49
)
—

20

Total fee revenue - contract revenue
2,102

878

(15
)
2,965

 
2,029

905

(18
)
2,916

 
1,938

857

(12
)
2,783

Fee and other revenue - not in scope of Accounting Standards Codification (“ASC”) 606 (c)(d)
334

(32
)
45

347

 
207

19

812

1,038

 
223

12

30

265

Total fee and other revenue
$
2,436

$
846

$
30

$
3,312

 
$
2,236

$
924

$
794

$
3,954

 
$
2,161

$
869

$
18

$
3,048

(a)
Business segment data has been determined on an internal management basis of accounting, rather than the generally accepted accounting principles used for consolidated financial reporting.
(b)
Prior periods have been restated to reflect the reclassifications. See Note 19 for additional information.
(c)
Primarily includes foreign exchange and other trading revenue, financing-related fees, asset servicing fees, net securities gains (losses) and investment and other income (loss), all of which are accounted for using other accounting guidance.
(d)
The Investment Management business includes (loss) income from consolidated investment management funds, net of noncontrolling interests, of $(20) million in the first quarter of 2020, $8 million in the fourth quarter of 2019 and $16 million in the first quarter of 2019.
IS - Investment Services segment.
IM - Investment Management segment.