SEGMENT INFORMATION

3 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

We currently operate through the following five segments: PCG; Capital Markets; Asset Management; RJ Bank; and Other.

The segments are determined based upon factors such as the services provided and the distribution channels served and are consistent with how we assess performance and determine how to allocate our resources. For a further discussion of our segments, see Note 24 of our 2020 Form 10-K.

The following table presents information concerning operations in these segments.

	Three months ended December 31,
$ in millions	2020		2019
Net revenues:
Private Client Group	$	1,467	$	1,414
Capital Markets	452		268
Asset Management	195		184
RJ Bank	167		216
Other	4		(8)
Intersegment eliminations	(63)		(65)
Total net revenues	$	2,222	$	2,009
Pre-tax income/(loss):
Private Client Group	$	140	$	153
Capital Markets	129		29
Asset Management	83		73
RJ Bank	71		135
Other	(24)		(31)
Total pre-tax income	$	399	$	359

No individual client accounted for more than ten percent of revenues in any of the periods presented.

The following table presents our net interest income on a segment basis.

	Three months ended December 31,
$ in millions	2020		2019
Net interest income/(expense):
Private Client Group	$	28	$	41
Capital Markets	1		2
Asset Management	—		1
RJ Bank	157		210
Other	(21)		(8)
Net interest income	$	165	$	246

The following table presents our total assets on a segment basis.

$ in millions	December 31, 2020		September 30, 2020
Total assets:
Private Client Group	$	17,998	$	12,574
Capital Markets	1,960		2,336
Asset Management	388		380
RJ Bank	31,352		30,356
Other	1,959		1,836
Total	$	53,657	$	47,482

The following table presents goodwill, which was included in our total assets, on a segment basis.

$ in millions	December 31, 2020		September 30, 2020
Goodwill:
Private Client Group (1)	$	417	$	277
Capital Markets	120		120
Asset Management	69		69
Total	$	606	$	466

(1)    The balance includes a provisional estimate of $139 million of goodwill arising from our acquisition of NWPS during the three months ended December 31, 2020.

We have operations in the U.S., Canada and Europe. Substantially all long-lived assets are located in the U.S.  The following table presents our net revenues and pre-tax income classified by major geographic area in which they were earned.

	Three months ended December 31,
$ in millions	2020		2019
Net revenues:
U.S.	$	2,079	$	1,875
Canada	105		95
Europe	38		39
Total	$	2,222	$	2,009
Pre-tax income/(loss):
U.S.	$	396	$	352
Canada	1		8
Europe	2		(1)
Total	$	399	$	359

The following table presents our total assets by major geographic area in which they were held.

$ in millions	December 31, 2020		September 30, 2020
Total assets:
U.S.	$	50,158	$	44,090
Canada	3,380		3,260
Europe	119		132
Total	$	53,657	$	47,482

The following table presents goodwill, which was included in our total assets, classified by major geographic area in which it was held.

$ in millions	December 31, 2020		September 30, 2020
Goodwill:
U.S. (1)	$	572	$	433
Canada	25		24
Europe	9		9
Total	$	606	$	466

(1)    The balance includes a provisional estimate of $139 million of goodwill arising from our acquisition of NWPS during the three months ended December 31, 2020.