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Reporting Segments (Tables)
 9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Earnings Contribution of Northern Trust's Reporting Segments
The following table shows the earnings contributions of Northern Trust’s reporting segments for the three- and nine- month periods ended September 30, 2016 and 2015.
Table 51: Results of Reporting Segments
Three Months Ended September 30,
Corporate &
Institutional Services
 
Wealth
Management
 
Treasury and
Other
 
Total
Consolidated
($ In Millions)
2016
 
2015
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
Noninterest Income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Trust, Investment and Other Servicing Fees
$
450.8

 
$
429.7

 
$
337.5

 
$
319.4

 
$
—

 
$
—

 
$
788.3

 
$
749.1

Foreign Exchange Trading Income
55.2

 
60.0

 
0.9

 
2.9

 
(2.5
)
 
—

 
53.6

 
62.9

Other Noninterest Income
41.5

 
45.9

 
26.3

 
28.3

 
0.9

 
0.4

 
68.7

 
74.6

Net Interest Income*
138.2

 
108.6

 
164.1

 
142.5

 
7.8

 
23.9

 
310.1

 
275.0

Revenue*
685.7

 
644.2

 
528.8

 
493.1

 
6.2

 
24.3

 
1,220.7

 
1,161.6

Provision for Credit Losses
4.0

 
(2.8
)
 
(7.0
)
 
(7.2
)
 
—

 
—

 
(3.0
)
 
(10.0
)
Noninterest Expense
487.8

 
464.6

 
318.0

 
316.3

 
37.2

 
31.4

 
843.0

 
812.3

Income before Income Taxes*
193.9

 
182.4

 
217.8

 
184.0

 
(31.0
)
 
(7.1
)
 
380.7

 
359.3

Provision for Income Taxes*
61.8

 
58.3

 
82.3

 
69.0

 
(21.0
)
 
(2.6
)
 
123.1

 
124.7

Net Income
$
132.1

 
$
124.1

 
$
135.5

 
$
115.0

 
$
(10.0
)
 
$
(4.5
)
 
$
257.6

 
$
234.6

Percentage of Consolidated Net Income
51
%
 
53
%
 
53
%
 
49
%
 
(4
)%
 
(2
)%
 
100
%
 
100
%
Average Assets
$
75,696.5

 
$
74,222.5

 
$
26,601.7

 
$
25,201.2

 
$
14,084.3

 
$
10,500.4

 
$
116,382.5

 
$
109,924.1

* Non-GAAP financial measures stated on a fully taxable equivalent basis (FTE). Total consolidated includes FTE adjustments of $7.0 million for 2016 and $6.1 million for 2015.
Nine Months Ended September 30,
Corporate &
Institutional Services
 
Wealth
Management
 
Treasury and
Other
 
Total
Consolidated
($ In Millions)
2016
 
2015
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
Noninterest Income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Trust, Investment and Other Servicing Fees
$
1,331.1

 
$
1,269.0

 
$
982.6

 
$
964.4

 
$
—

 
$
—

 
$
2,313.7

 
$
2,233.4

Foreign Exchange Trading Income
169.1

 
199.3

 
7.0

 
10.0

 
2.4

 
—

 
178.5

 
209.3

Other Noninterest Income
113.0

 
131.0

 
79.8

 
83.9

 
124.8

 
107.6

 
317.6

 
322.5

Net Interest Income*
417.8

 
297.3

 
482.8

 
421.8

 
30.1

 
80.3

 
930.7

 
799.4

Revenue*
2,031.0

 
1,896.6

 
1,552.2

 
1,480.1

 
157.3

 
187.9

 
3,740.5

 
3,564.6

Provision for Credit Losses
—

 
(3.0
)
 
(4.0
)
 
(21.5
)
 
—

 
—

 
(4.0
)
 
(24.5
)
Noninterest Expense
1,519.9

 
1,387.7

 
975.2

 
960.9

 
101.7

 
107.2

 
2,596.8

 
2,455.8

Income before Income Taxes*
511.1

 
511.9

 
581.0

 
540.7

 
55.6

 
80.7

 
1,147.7

 
1,133.3

Provision for Income Taxes*
158.0

 
160.9

 
219.1

 
203.2

 
4.6

 
34.7

 
381.7

 
398.8

Net Income
$
353.1

 
$
351.0

 
$
361.9

 
$
337.5

 
$
51.0

 
$
46.0

 
$
766.0

 
$
734.5

Percentage of Consolidated Net Income
46
%
 
48
%
 
47
%
 
46
%
 
7
%
 
6
%
 
100
%
 
100
%
Average Assets
$
75,589.0

 
$
73,089.3

 
$
26,525.6

 
$
24,732.4

 
$
12,795.3

 
11,896.6

 
$
114,909.9

 
$
109,718.3

*
Non-GAAP financial measures stated on a fully taxable equivalent basis (FTE). Total consolidated includes FTE adjustments of $20.1 million for 2016 and $18.7 million for 2015.