XML 88 R68.htm IDEA: XBRL DOCUMENT v3.20.4
Offsetting of Assets and Liabilities (Tables)
 12 Months Ended
Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Securities Purchased Under Agreements to Resell and Derivative Assets in the Consolidated Balance Sheet
The following table provides information regarding the offsetting of derivative assets and of securities purchased under agreements to resell within the consolidated balance sheets as of December 31, 2020 and 2019.

TABLE 133: OFFSETTING OF DERIVATIVE ASSETS AND SECURITIES PURCHASED UNDER AGREEMENTS TO RESELL
DECEMBER 31, 2020
(In Millions)GROSS
RECOGNIZED
ASSETS
GROSS AMOUNTS OFFSET IN THE BALANCE SHEET(2)
NET AMOUNTS PRESENTED IN THE BALANCE SHEETGROSS AMOUNTS NOT OFFSET IN THE BALANCE SHEET
NET AMOUNT(3)
Derivative Assets(1)
Foreign Exchange Contracts Over the Counter (OTC)$3,799.7 $3,505.3 $294.4 $0.9 $293.5 
Interest Rate Swaps OTC295.9 2.5 293.4 — 293.4 
Interest Rate Swaps Exchange Cleared1.6 — 1.6 — 1.6 
Total Derivatives Subject to a Master Netting Arrangement4,097.2 3,507.8 589.4 0.9 588.5 
Total Derivatives Not Subject to a Master Netting Arrangement461.0 — 461.0 — 461.0 
Total Derivatives4,558.2 3,507.8 1,050.4 0.9 1,049.5 
Securities Purchased under Agreements to Resell$1,596.5 $— $1,596.5 $1,596.5 $— 
DECEMBER 31, 2019
(In Millions)GROSS
RECOGNIZED
ASSETS
GROSS AMOUNTS OFFSET IN THE BALANCE SHEET(2)
NET AMOUNTS PRESENTED IN THE BALANCE SHEETGROSS AMOUNTS NOT OFFSET IN THE BALANCE SHEET
NET AMOUNT(3)
Derivative Assets(1)
Foreign Exchange Contracts OTC$2,691.1 $2,334.1 $357.0 $16.5 $340.5 
Interest Rate Swaps OTC151.9 3.9 148.0 — 148.0 
Interest Rate Swaps Exchange Cleared1.0 — 1.0 — 1.0 
Total Derivatives Subject to a Master Netting Arrangement2,844.0 2,338.0 506.0 16.5 489.5 
Total Derivatives Not Subject to a Master Netting Arrangement543.7 — 543.7 0.3 543.4 
Total Derivatives3,387.7 2,338.0 1,049.7 16.8 1,032.9 
Securities Purchased under Agreements to Resell$707.8 $— $707.8 $707.8 $— 
(1) Derivative assets are reported in Other Assets on the consolidated balance sheets. Other Assets (excluding derivative assets) totaled $7.3 billion and $7.4 billion as of December 31, 2020 and 2019, respectively.
(2) Including cash collateral received from counterparties.
(3) Northern Trust did not possess any cash collateral that was not offset on the consolidated balance sheets that could have been used to offset the net amounts presented on the consolidated balance sheets as of December 31, 2020 and 2019.
Securities Sold Under Agreements to Repurchase and Derivative Liabilities in the Consolidated Balance Sheet
The following table provides information regarding the offsetting of derivative liabilities and of securities sold under agreements to repurchase within the consolidated balance sheets as of December 31, 2020 and 2019.

TABLE 134: OFFSETTING OF DERIVATIVE LIABILITIES AND SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE
DECEMBER 31, 2020
(In Millions)GROSS
RECOGNIZED
LIABILITIES
GROSS AMOUNTS OFFSET IN THE BALANCE SHEET(2)
NET AMOUNTS PRESENTED IN THE BALANCE SHEETGROSS AMOUNTS NOT OFFSET IN THE BALANCE SHEET
NET
AMOUNT(3)
Derivative Liabilities(1)
Foreign Exchange Contracts OTC$3,577.7 $2,718.6 $859.1 $0.5 $858.6 
Interest Rate Swaps OTC125.0 98.5 26.5 — 26.5 
Interest Rate Swaps Exchange Cleared— — — — — 
Other Financial Derivatives35.3 — 35.3 — 35.3 
Total Derivatives Subject to a Master Netting Arrangement3,738.0 2,817.1 920.9 0.5 920.4 
Total Derivatives Not Subject to a Master Netting Arrangement1,144.8 — 1,144.8 — 1,144.8 
Total Derivatives4,882.8 2,817.1 2,065.7 0.5 2,065.2 
Securities Sold under Agreements to Repurchase$39.8 $— $39.8 $39.8 $— 
DECEMBER 31, 2019
(In Millions)GROSS
RECOGNIZED
LIABILITIES
GROSS AMOUNTS OFFSET IN THE BALANCE SHEET(2)
NET AMOUNTS PRESENTED IN THE BALANCE SHEETGROSS AMOUNTS NOT OFFSET IN THE BALANCE SHEET
NET
AMOUNT(3)
Derivative Liabilities(1)
Foreign Exchange Contracts OTC$2,181.6 $1,548.6 $633.0 $0.1 $632.9 
Interest Rate Swaps OTC96.7 57.3 39.4 — 39.4 
Interest Rate Swaps Exchange Cleared0.7 — 0.7 — 0.7 
Other Financial Derivatives33.4 12.5 20.9 — 20.9 
Total Derivatives Subject to a Master Netting Arrangement2,312.4 1,618.4 694.0 0.1 693.9 
Total Derivatives Not Subject to a Master Netting Arrangement1,000.6 — 1,000.6 — 1,000.6 
Total Derivatives3,313.0 1,618.4 1,694.6 0.1 1,694.5 
Securities Sold under Agreements to Repurchase$489.7 $— $489.7 $489.7 $— 
(1) Derivative liabilities are reported in Other Liabilities on the consolidated balance sheets. Other Liabilities (excluding derivative liabilities) totaled $3.5 billion and $3.1 billion as of December 31, 2020 and 2019, respectively.
(2) Including cash collateral deposited with counterparties.
(3) Northern Trust did not place any cash collateral with counterparties that was not offset on the consolidated balance sheets that could have been used to offset the net amounts presented on the consolidated balance sheets as of December 31, 2020 and 2019.