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Northern Trust Corporation (Corporation only) - Condensed Statement of Income (Detail) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
OPERATING INCOME      
Total Operating Income $ 6,773.5 $ 6,761.2 $ 6,464.5
OPERATING EXPENSES      
Interest Expense 5,343.0 990.5 23.8
Other Operating Expenses 472.9 359.3 299.1
Total Noninterest Expense 5,284.2 4,982.9 4,535.9
Benefit for Income Taxes (357.5) (430.3) (464.8)
NET INCOME 1,107.3 1,336.0 1,545.3
Preferred Stock Dividends 41.8 41.8 41.8
Net Income Applicable to Common Stock 1,065.5 1,294.2 1,503.5
Parent Company      
OPERATING INCOME      
Intercompany Interest and Other Charges 260.2 112.8 20.1
Interest and Other Income 12.2 (5.7) 32.3
Total Operating Income 1,122.4 107.1 811.8
OPERATING EXPENSES      
Interest Expense 279.5 132.3 71.3
Other Operating Expenses 32.3 11.9 36.7
Total Noninterest Expense 311.8 144.2 108.0
Income (Loss) before Income Taxes and Equity in Undistributed Net Income of Subsidiaries 810.6 (37.1) 703.8
Benefit for Income Taxes 12.4 16.9 25.7
Income (Loss) before Equity in Undistributed Net Income of Subsidiaries 823.0 (20.2) 729.5
Equity in Undistributed Net Income of Subsidiaries 284.3 1,356.2 815.8
NET INCOME 1,107.3 1,336.0 1,545.3
Preferred Stock Dividends 41.8 41.8 41.8
Net Income Applicable to Common Stock 1,065.5 1,294.2 1,503.5
Banks Industry | Parent Company      
OPERATING INCOME      
Dividends from Subsidiaries 850.0 0.0 751.1
OPERATING EXPENSES      
Equity in Undistributed Net Income of Subsidiaries 269.4 1,338.5 803.3
Nonbank Subsidiaries | Parent Company      
OPERATING INCOME      
Dividends from Subsidiaries 0.0 0.0 8.3
OPERATING EXPENSES      
Equity in Undistributed Net Income of Subsidiaries $ 14.9 $ 17.7 $ 12.5