XML 90 R70.htm IDEA: XBRL DOCUMENT v3.20.4
Reporting Segments and Related Information (Tables)
 12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
Earnings Contribution of Northern Trust's Reporting Segments The following tables reflect the earnings contribution and average assets of Northern Trust’s reporting segments for the years ended December 31, 2020, 2019, and 2018.
TABLE 138: CORPORATE & INSTITUTIONAL SERVICES RESULTS OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31,
($ In Millions)202020192018
Noninterest Income
Trust, Investment and Other Servicing Fees$2,321.6 $2,211.5 $2,173.1 
Foreign Exchange Trading Income276.3 232.2 233.4 
Other Noninterest Income222.5 178.2 183.0 
Total Noninterest Income2,820.4 2,621.9 2,589.5 
Net Interest Income(1)
665.5 918.7 992.2 
Revenue(1)
3,485.9 3,540.6 3,581.7 
Provision for Credit Losses38.1 1.9 1.9 
Noninterest Expense2,752.7 2,605.5 2,421.4 
Income before Income Taxes(1)
695.1 933.2 1,158.4 
Provision for Income Taxes(1)
174.4 219.4 255.3 
Net Income$520.7 $713.8 $903.1 
Percentage of Consolidated Net Income43 %48 %58 %
Average Assets$104,790.6 $87,557.1 $82,996.5 
(1) Non-GAAP financial measures stated on an FTE basis.

TABLE 139: WEALTH MANAGEMENT RESULTS OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31,
($ In Millions)202020192018
Noninterest Income
Trust, Investment and Other Servicing Fees$1,673.4 $1,640.6 $1,580.6 
Foreign Exchange Trading Income14.1 18.7 4.2 
Other Noninterest Income168.0 131.1 102.7 
Total Noninterest Income1,855.5 1,790.4 1,687.5 
Net Interest Income(1)
812.1 792.0 816.5 
Revenue(1)
2,667.6 2,582.4 2,504.0 
Provision for Credit Losses86.9 (16.4)(16.4)
Noninterest Expense1,559.7 1,531.6 1,460.0 
Income before Income Taxes(1)
1,021.0 1,067.2 1,060.4 
Provision for Income Taxes(1)
291.8 271.1 262.1 
Net Income$729.2 $796.1 $798.3 
Percentage of Consolidated Net Income60 %53 %51 %
Average Assets$32,020.5 $29,994.3 $26,163.7 
(1) Non-GAAP financial measures stated on an FTE basis.

TABLE 140: TREASURY AND OTHER RESULTS OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31,
($ In Millions)202020192018
Noninterest Income$(18.3)$(17.1)$60.5 
Net Interest Income(1)
— — (144.8)
Revenue(1)
(18.3)(17.1)(84.3)
Noninterest Expense35.8 6.4 135.5 
Income (Loss) before Income Taxes(1)
(54.1)(23.5)(219.8)
Provision (Benefit) for Income Taxes(1)
(13.5)(5.8)(74.8)
Net Income$(40.6)$(17.7)$(145.0)
Percentage of Consolidated Net Income(3)%(1)%(9)%
Average Assets$— $— $13,786.4 
(1) Non-GAAP financial measures stated on an FTE basis.
TABLE 141: CONSOLIDATED FINANCIAL INFORMATION
FOR THE YEAR ENDED DECEMBER 31,
(In Millions)202020192018
Noninterest Income
Trust, Investment and Other Servicing Fees$3,995.0 $3,852.1 $3,753.7 
Foreign Exchange Trading Income290.4 250.9 307.2 
Other Noninterest Income372.2 292.2 276.6 
Total Noninterest Income4,657.6 4,395.2 4,337.5 
Net Interest Income(1)
1,477.6 1,710.7 1,663.9 
Revenue(1)
6,135.2 6,105.9 6,001.4 
Provision for Credit Losses125.0 (14.5)(14.5)
Noninterest Expense4,348.2 4,143.5 4,016.9 
Income before Income Taxes(1)
1,662.0 1,976.9 1,999.0 
Provision for Income Taxes(1)
452.7 484.7 442.6 
Net Income$1,209.3 $1,492.2 $1,556.4 
Average Assets$136,811.1 $117,551.4 $122,946.6 
(1) Non-GAAP financial measures stated on an FTE basis. The consolidated figures include $34.4 million, $32.8 million, and $41.2 million, of FTE adjustments for 2020, 2019, and 2018, respectively.
Distribution of Total Assets and Operating Performance
The following table summarizes Northern Trust’s performance based on the allocation process described above without regard to guarantors or the location of collateral.

TABLE 142: DISTRIBUTION OF TOTAL ASSETS AND OPERATING PERFORMANCE
(In Millions)TOTAL ASSETS
TOTAL
REVENUE(1)
INCOME BEFORE
INCOME TAXES		NET INCOME
2020
Non-U.S.$38,393.8 $1,737.6 $404.0 $302.6 
U.S.131,610.1 4,363.2 1,223.6 906.7 
Total$170,003.9 $6,100.8 $1,627.6 $1,209.3 
2019
Non-U.S.$27,888.6 $1,889.5 $600.0 $451.0 
U.S.108,939.8 4,183.6 1,344.1 1,041.2 
Total$136,828.4 $6,073.1 $1,944.1 $1,492.2 
2018
Non-U.S.$32,712.9 $2,018.1 $786.4 $625.7 
U.S.99,499.6 3,942.1 1,171.4 930.7 
Total$132,212.5 $5,960.2 $1,957.8 $1,556.4 
(1) Total revenue is comprised of net interest income and noninterest income.