Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2019

Table 71: Results of Businesses



Three months ended March 31 In millions	Retail Banking		Corporate & Institutional Banking		Asset Management Group			BlackRock		Other			Consolidated (a)
2019
Income Statement
Net interest income	$	1,349	$	877	$	70				$	179		$	2,475
Noninterest income	595		576		217			$	233	190			1,811
Total revenue	1,944		1,453		287			233		369			4,286
Provision for credit losses (benefit)	128		71		(1		)			(9		)	189
Depreciation and amortization	51		50		12					121			234
Other noninterest expense	1,417		636		218					73			2,344
Income before income taxes and noncontrolling interests	348		696		58			233		184			1,519
Income taxes (benefit)	84		144		13			36		(29		)	248
Net income	$	264	$	552	$	45		$	197	$	213		$	1,271
Average Assets (b)	$	91,255	$	157,169	$	7,259		$	8,080	$	122,135		$	385,898
2018
Income Statement
Net interest income	$	1,218	$	861	$	74				$	208		$	2,361
Noninterest income	635		547		226			$	235	107			1,750
Total revenue	1,853		1,408		300			235		315			4,111
Provision for credit losses (benefit)	69		41		(7		)			(11		)	92
Depreciation and amortization	45		48		12					128			233
Other noninterest expense	1,411		605		213					65			2,294
Income before income taxes and noncontrolling interests	328		714		82			235		133			1,492
Income taxes (benefit)	79		151		20			38		(35		)	253
Net income	$	249	$	563	$	62		$	197	$	168		$	1,239
Average Assets (b)	$	88,734	$	151,909	$	7,499		$	7,704	$	120,429		$	376,275


(a)	There were no material intersegment revenues for the three months ended March 31, 2019 and 2018.


(b)	Period-end balances for BlackRock.

Table 72: BlackRock, Inc. Summarized Financial Data



	Three months ended March 31
In millions	2019		2018
Total revenue	$	3,346	$	3,583
Total expense	2,113		2,208
Operating income	1,233		1,375
Total nonoperating income (expense)	125		(16		)
Income before income taxes	1,358		1,359
Income tax expense	298		265
Net income	1,060		1,094
Less: Net income attributable to noncontrolling interests	7		5
Net income attributable to BlackRock, Inc.	$	1,053	$	1,089