Revenue from Contracts with Clients (Tables)

9 Months Ended

Sep. 30, 2024

Revenue from Contract with Customer [Abstract]

Revenue Disaggregation

The following table presents revenues disaggregated by major revenue source.

TABLE 65: REVENUE DISAGGREGATION

	THREE MONTHS ENDED SEPTEMBER 30,				NINE MONTHS ENDED SEPTEMBER 30,
(In Millions)	2024		2023		2024		2023
Noninterest Income
Trust, Investment and Other Servicing Fees
Custody and Fund Administration	$	482.5	$	459.0	$	1,427.1	$	1,358.7
Investment Management and Advisory	634.8		574.1		1,838.3		1,673.4
Securities Lending	17.7		20.7		53.2		61.3
Other	61.6		58.1		187.0		178.4
Total Trust, Investment and Other Servicing Fees	$	1,196.6	$	1,111.9	$	3,505.6	$	3,271.8
Other Noninterest Income
Foreign Exchange Trading Income	$	54.1	$	51.8	$	169.5	$	154.9
Treasury Management Fees	8.2		7.5		26.5		23.8
Security Commissions and Trading Income	35.5		30.9		107.7		101.7
Other Operating Income	111.8		68.2		1,097.5		170.2
Investment Security Gains (Losses), net	—		—		(189.3)		6.9
Total Other Noninterest Income	$	209.6	$	158.4	$	1,211.9	$	457.5
Total Noninterest Income	$	1,406.2	$	1,270.3	$	4,717.5	$	3,729.3

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, 2024 and December 31, 2023.

TABLE 66: CLIENT RECEIVABLES

(In Millions)	SEPTEMBER 30, 2024		DECEMBER 31, 2023
Trust Fees Receivable, net(1)	$	973.6	$	863.5
Other	57.1		64.9
Total Client Receivables	$	1,030.7	$	928.4

(1) Trust Fees Receivable is net of a $13.5 million and $15.9 million fee receivable allowance as of September 30, 2024 and December 31, 2023, respectively.