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Reporting Segments and Related Information (Tables)
 12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Earnings Contribution of Northern Trust's Reporting Segments
The following tables show the earnings contribution of Northern Trust’s reporting segments for the years ended December 31, 2016, 2015, and 2014.

TABLE 122: CORPORATE AND INSTITUTIONAL SERVICES RESULTS OF OPERATIONS
 
                      FOR THE YEAR ENDED DECEMBER 31,
(In Millions)
2016

2015

2014

NONINTEREST INCOME
 
Trust, Investment and Other Servicing Fees
$
1,787.8

$
1,696.9

$
1,584.0

Foreign Exchange Trading Income
224.4

249.4

200.4

Other Noninterest Income
147.0

170.5

177.9

Net Interest Income (Note)
565.0

414.4

310.0

 
 
 
 
Revenue (Note)
2,724.2

2,531.2

2,272.3

Provision for Credit Losses
1.9

(22.6
)
5.8

Noninterest Expense
2,012.2

1,856.4

1,732.8

 
 
 
 
Income before Income Taxes (Note)
710.1

697.4

533.7

Provision for Income Taxes (Note)
212.9

212.8

149.4

 
 
 
 
Net Income
$
497.2

$
484.6

$
384.3

 
 
 
 
Percentage of Consolidated Net Income
48
%
50
%
47
%
 
 
 
 
Average Assets
$
76,194.7

$
73,598.4

$
59,462.9


Note: Stated on an FTE basis.

TABLE 123: WEALTH MANAGEMENT RESULTS OF OPERATIONS
 
                      FOR THE YEAR ENDED DECEMBER 31,
(In Millions)
2016

2015

2014

NONINTEREST INCOME
 
Trust, Investment and Other Servicing Fees
$
1,320.3

$
1,283.6

$
1,248.8

Foreign Exchange Trading Income
8.6

12.4

9.7

Other Noninterest Income
105.7

111.8

98.3

Net Interest Income (Note)
651.4

568.1

536.1

 
 
 
 
Revenue (Note)
2,086.0

1,975.9

1,892.9

Provision for Credit Losses
(27.9
)
(20.4
)
0.2

Noninterest Expense
1,315.3

1,291.9

1,268.7

 
 
 
 
Income before Income Taxes (Note)
798.6

704.4

624.0

Provision for Income Taxes (Note)
301.1

264.7

234.8

 
 
 
 
Net Income
$
497.5

$
439.7

$
389.2

 
 
 
 
Percentage of Consolidated Net Income
48
%
45
%
48
%
 
 
 
 
Average Assets
$
26,525.0

$
25,048.7

$
23,629.3


Note: Stated on an FTE basis.

TABLE 124: TREASURY AND OTHER RESULTS OF OPERATIONS
 
                      FOR THE YEAR ENDED DECEMBER 31,
(In Millions)
2016

2015

2014

Noninterest Income
$
133.1

$
107.9

$
6.6

Net Interest Income (Note)
43.6

112.9

188.8

 
 
 
 
Revenue (Note)
176.7

220.8

195.4

Noninterest Expense
143.2

132.3

133.5

 
 
 
 
Income before Income Taxes (Note)
33.5

88.5

61.9

Provision for Income Taxes (Note)
(4.3
)
39.0

23.6

 
 
 
 
Net Income
$
37.8

$
49.5

$
38.3

 
 
 
 
Percentage of Consolidated Net Income
4
%
5
%
5
%
 
 
 
 
Average Assets
$
12,850.6

$
12,068.0

$
20,991.3


Note: Stated on an FTE basis.

TABLE 125: CONSOLIDATED FINANCIAL INFORMATION
 
                      FOR THE YEAR ENDED DECEMBER 31,
(In Millions)
2016

2015

2014

NONINTEREST INCOME
 
 
 
Trust, Investment and Other Servicing Fees
$
3,108.1

$
2,980.5

$
2,832.8

Foreign Exchange Trading Income
236.6

261.8

210.1

Other Noninterest Income
382.2

390.2

282.8

Net Interest Income (Note)
1,260.0

1,095.4

1,034.9

 
 
 
 
Revenue (Note)
4,986.9

4,727.9

4,360.6

Provision for Credit Losses
(26.0
)
(43.0
)
6.0

Noninterest Expense
3,470.7

3,280.6

3,135.0

 
 
 
 
Income before Income Taxes (Note)
1,542.2

1,490.3

1,219.6

Provision for Income Taxes (Note)
509.7

516.5

407.8

 
 
 
 
Net Income
$
1,032.5

$
973.8

$
811.8

 
 
 
 
Average Assets
$
115,570.3

$
110,715.1

$
104,083.5


Note: Stated on an FTE basis. The consolidated figures include $25.1 million, $25.3 million, and $29.4 million, of FTE adjustments for 2016, 2015, and 2014, respectively.
Distribution of Total Assets and Operating Performance
The table below summarizes Northern Trust’s performance based on the allocation process described above without regard to guarantors or the location of collateral.

TABLE 126: DISTRIBUTION OF TOTAL ASSETS AND OPERATING PERFORMANCE
(In Millions)
TOTAL ASSETS

TOTAL
REVENUE

INCOME BEFORE
INCOME TAXES

NET INCOME

2016
 
 
 
 
Non-U.S.
$
24,944.0

$
1,221.2

$
284.3

$
225.1

U.S.
98,982.9

3,740.6

1,232.8

807.4

 
 
 
 
 
Total
$
123,926.9

$
4,961.8

$
1,517.1

$
1,032.5

 
 
 
 
 
2015
 
 
 
 
Non-U.S.
$
30,636.5

$
1,358.4

$
483.2

$
344.4

U.S.
86,113.1

3,344.2

981.8

629.4

 
 
 
 
 
Total
$
116,749.6

$
4,702.6

$
1,465.0

$
973.8

 
 
 
 
 
2014
 
 
 
 
Non-U.S.
$
28,326.1

$
1,341.8

$
446.5

$
322.7

U.S.
81,620.4

2,989.4

743.7

489.1

 
 
 
 
 
Total
$
109,946.5

$
4,331.2

$
1,190.2

$
811.8


Note: Total revenue is comprised of net interest income and noninterest income.