Revenue from Contracts with Clients (Tables)

9 Months Ended

Sep. 30, 2023

Revenue from Contract with Customer [Abstract]

The following table presents revenues disaggregated by major revenue source.

TABLE 67: REVENUE DISAGGREGATION


	THREE MONTHS ENDED SEPTEMBER 30,				NINE MONTHS ENDED SEPTEMBER 30,
(In Millions)	2023		2022		2023		2022
Noninterest Income
Trust, Investment and Other Servicing Fees
Custody and Fund Administration	$	459.0	$	435.0	$	1,358.7	$	1,383.4
Investment Management and Advisory	574.1		565.3		1,673.4		1,765.8
Securities Lending	20.7		21.7		61.3		62.2
Other	58.1		56.7		178.4		179.1
Total Trust, Investment and Other Servicing Fees	$	1,111.9	$	1,078.7	$	3,271.8	$	3,390.5
Other Noninterest Income
Foreign Exchange Trading Income	$	51.8	$	64.7	$	154.9	$	223.2
Treasury Management Fees	7.5		9.3		23.8		31.0
Security Commissions and Trading Income	30.9		32.1		101.7		101.1
Other Operating Income	68.2		57.3		170.2		144.0
Investment Security Gains (Losses), net	—		(0.3)		6.9		(0.3)
Total Other Noninterest Income	$	158.4	$	163.1	$	457.5	$	499.0
Total Noninterest Income	$	1,270.3	$	1,241.8	$	3,729.3	$	3,889.5

Contract Balances

The table below represents receivables balances from contracts with clients, which are included in Other Assets on the consolidated balance sheets, at September 30, 2023 and December 31, 2022.

TABLE 68: CLIENT RECEIVABLES


(In Millions)	SEPTEMBER 30, 2023		DECEMBER 31, 2022
Trust Fees Receivable, net(1)	$	903.0	$	882.5
Other	57.4		55.4
Total Client Receivables	$	960.4	$	937.9

(1) Trust Fees Receivable is net of a $14.6 million and $13.5 million fee receivable allowance as of September 30, 2023 and December 31, 2022, respectively.