Offsetting of Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Securities Purchased Under Agreements to Resell and Derivative Assets in the Consolidated Balance Sheets

The following tables provide information regarding the offsetting of derivative assets and securities purchased under agreements to resell within the consolidated balance sheets as of September 30, 2015, and December 31, 2014.

Table 66: Offsetting of Derivative Assets and Securities Purchased Under Agreements to Resell

September 30, 2015
(In Millions)	Gross Recognized Assets		Gross Amounts Offset		Net Amounts Presented		Gross Amounts Not Offset		Net Amount (3)
Derivative Assets (1)
Foreign Exchange Contracts Over the Counter (OTC)	$	2,051.9	$	1,002.1	$	1,049.8	$	—	$	1,049.8
Interest Rate Swaps OTC	206.7		29.7		177.0		—		177.0
Interest Rate Swaps Exchange Cleared	76.1		51.6		24.5		—		24.5
Cross Product Netting Adjustment	—		14.6		—		—		—
Cross Product Collateral Adjustment	—		69.0		—		—		—
Total Derivatives Subject to a Master Netting Arrangement	2,334.7		1,167.0		1,167.7		—		1,167.7
Total Derivatives Not Subject to a Master Netting Arrangement	766.4		—		766.4		—		766.4
Total Derivatives	3,101.1		1,167.0		1,934.1		—		1,934.1
Securities Purchased under Agreements to Resell (2)	$	1,245.0	$	—	$	1,245.0	$	1,245.0	$	—

December 31, 2014
(In Millions)	Gross Recognized Assets		Gross Amounts Offset		Net Amounts Presented		Gross Amounts Not Offset		Net Amount (3)
Derivative Assets (1)
Foreign Exchange Contracts OTC	$	3,442.8	$	1,889.8	$	1,553.0	$	—	$	1,553.0
Interest Rate Swaps OTC	183.9		32.1		151.8		—		151.8
Interest Rate Swaps Exchange Cleared	48.4		13.1		35.3		—		35.3
Cross Product Netting Adjustment	—		6.3		—		—		—
Cross Product Collateral Adjustment	—		315.8		—		—		—
Total Derivatives Subject to a Master Netting Arrangement	3,675.1		2,257.1		1,418.0		—		1,418.0
Total Derivatives Not Subject to a Master Netting Arrangement	832.4		—		832.4		—		832.4
Total Derivatives	4,507.5		2,257.1		2,250.4		—		2,250.4
Securities Purchased under Agreements to Resell (2)	$	1,000.0	$	—	$	1,000.0	$	1,000.0	$	—

(1) Derivative assets are reported in other assets in the consolidated balance sheets. Other assets (excluding derivative assets) totaled $3.2 billion and $3.6 billion as of September 30, 2015, and December 31, 2014, respectively.

(2) Securities purchased under agreements to resell are reported in federal funds sold and securities purchased under agreements to resell in the consolidated balance sheets. Federal funds sold totaled $10.6 million and $62.7 million as of September 30, 2015, and December 31, 2014, respectively.

(3) Northern Trust did not possess any cash collateral that was not offset in the consolidated balance sheets that could have been used to offset the net amounts presented in the consolidated balance sheets as of September 30, 2015, and December 31, 2014.

Securities Sold Under Agreements to Repurchase and Derivative Liabilities in the Consolidated Balance Sheets

The following tables provide information regarding the offsetting of derivative liabilities and securities sold under agreements to repurchase within the consolidated balance sheets as of September 30, 2015, and December 31, 2014.

Table 67: Offsetting of Derivative Liabilities and Securities Sold Under Agreements to Repurchase

September 30, 2015
(In Millions)	Gross Recognized Liabilities		Gross Amounts Offset		Net Amounts Presented		Gross Amounts Not Offset		Net Amount (2)
Derivative Liabilities (1)
Foreign Exchange Contracts OTC	$	2,373.9	$	1,002.1	$	1,371.8	$	—	$	1,371.8
Interest Rate Swaps OTC	113.9		29.7		84.2		—		84.2
Interest Rate Swaps Exchange Cleared	51.6		51.6		—		—		—
Other Financial Derivatives	10.9		—		10.9		—		10.9
Cross Product Netting Adjustment	—		14.6		—		—		—
Cross Product Collateral Adjustment	—		1,163.3		—		—		—
Total Derivatives Subject to a Master Netting Arrangement	2,550.3		2,261.3		289.0		—		289.0
Total Derivatives Not Subject to a Master Netting Arrangement	400.7		—		400.7		—		400.7
Total Derivatives	2,951.0		2,261.3		689.7		—		689.7
Securities Sold under Agreements to Repurchase	$	484.5	$	—	$	484.5	$	484.5	$	—

December 31, 2014
(In Millions)	Gross Recognized Liabilities		Gross Amounts Offset		Net Amounts Presented		Gross Amounts Not Offset		Net Amount (2)
Derivative Liabilities (1)
Foreign Exchange Contracts OTC	$	3,431.0	$	1,889.8	$	1,541.2	$	—	$	1,541.2
Interest Rate Swaps OTC	118.7		32.1		86.6		—		86.6
Interest Rate Swaps Exchange Cleared	13.1		13.1		—		—		—
Cross Product Netting Adjustment	—		6.3		—		—		—
Cross Product Collateral Adjustment	—		1,232.0		—		—		—
Total Derivatives Subject to a Master Netting Arrangement	3,562.8		3,173.3		389.5		—		389.5
Total Derivatives Not Subject to a Master Netting Arrangement	664.5		—		664.5		—		664.5
Total Derivatives	4,227.3		3,173.3		1,054.0		—		1,054.0
Securities Sold under Agreements to Repurchase	$	885.1	$	—	$	885.1	$	885.1	$	—

(1) Derivative liabilities are reported in other liabilities in the consolidated balance sheets. Other liabilities (excluding derivative liabilities) totaled $2.5 billion and $2.8 billion as of September 30, 2015, and December 31, 2014, respectively.

(2) Northern Trust did not place any cash collateral with counterparties that was not offset in the consolidated balance sheets that could have been used to offset the net amounts presented in the consolidated balance sheets as of September 30, 2015, and December 31, 2014.