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Northern Trust Corporation (Corporation only) (Tables) - Parent Company
 12 Months Ended
Dec. 31, 2024
Condensed Financial Statements, Captions [Line Items]  
Condensed Balance Sheet
DECEMBER 31,
(In Millions)20242023
ASSETS
Cash on Deposit with Subsidiary Bank$2,383.1 $795.5 
Advances to Wholly-Owned Subsidiaries – Banks3,760.0 3,760.0 
Investments in Wholly-Owned Subsidiaries – Banks10,800.3 11,591.4 
                                                                       – Nonbank212.8 209.7 
Other Assets987.3 1,233.1 
Total Assets$18,143.5 $17,589.7 
LIABILITIES
Senior Notes$2,769.7 $2,773.2 
Long-Term Debt2,081.3 2,065.0 
Other Liabilities504.1 853.6 
Total Liabilities5,355.1 5,691.8 
STOCKHOLDERS’ EQUITY
Preferred Stock884.9 884.9 
Common Stock408.6 408.6 
Additional Paid-in Capital1,025.3 1,009.6 
Retained Earnings15,614.7 14,233.8 
Accumulated Other Comprehensive Income (Loss)(814.0)(1,137.9)
Treasury Stock(4,331.1)(3,501.1)
Total Stockholders’ Equity12,788.4 11,897.9 
Total Liabilities and Stockholders’ Equity$18,143.5 $17,589.7 
Condensed Statement of Income
FOR THE YEAR ENDED DECEMBER 31,
(In Millions)202420232022
OPERATING INCOME
Dividends – Bank Subsidiaries$3,100.6 $850.0 $— 
                 – Nonbank Subsidiaries20.0 — — 
Intercompany Interest and Other Charges291.1 260.2 112.8 
Interest and Other Income75.3 12.2 (5.7)
Total Operating Income3,487.0 1,122.4 107.1 
OPERATING EXPENSES
Interest Expense302.8 279.5 132.3 
Other Operating Expenses47.5 32.3 11.9 
Total Operating Expenses350.3 311.8 144.2 
Income (Loss) before Income Taxes and Equity in Undistributed Net Income of Subsidiaries3,136.7 810.6 (37.1)
Benefit (Expense) for Income Taxes(4.1)12.4 16.9 
Income (Loss) before Equity in Undistributed Net Income of Subsidiaries3,132.6 823.0 (20.2)
Equity in Undistributed Net Income of Subsidiaries – Banks(1,104.6)269.4 1,338.5 
                                         – Nonbank3.1 14.9 17.7 
Net Income$2,031.1 $1,107.3 $1,336.0 
Preferred Stock Dividends41.8 41.8 41.8 
Net Income Applicable to Common Stock$1,989.3 $1,065.5 $1,294.2 
Condensed Statement of Cash Flows
FOR THE YEAR ENDED DECEMBER 31,
(In Millions)202420232022
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income$2,031.1 $1,107.3 $1,336.0 
Adjustments to Reconcile Net Income to Net Cash Provided by (Used in) Operating Activities
Equity in Undistributed Net Income of Subsidiaries1,101.5 (284.3)(1,356.2)
Change in Prepaid Expenses1.4 1.7 (3.8)
Change in Accrued Income Taxes(92.9)(10.2)36.6 
Other Operating Activities, net118.9 138.1 (608.2)
Net Cash Provided by (Used in) Operating Activities3,160.0 952.6 (595.6)
CASH FLOWS FROM INVESTING ACTIVITIES
Investments in and Advances to Subsidiaries, net— 250.0 (1,200.1)
Other Investing Activities, net0.1 — (0.1)
Net Cash Provided by (Used in) Investing Activities0.1 250.0 (1,200.2)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from Senior Notes— — 1,988.8 
Repayments of Senior Notes— — (500.0)
Repayment of Floating Rate Capital Debt— — — 
Treasury Stock Purchased(937.8)(347.5)(35.4)
Net Proceeds from Stock Options9.4 2.3 3.9 
Cash Dividends Paid on Common Stock(602.3)(621.5)(750.2)
Cash Dividends Paid on Preferred Stock(41.8)(41.8)(46.5)
Other Financing Activities, net— — 4.9 
Net Cash (Used in) Provided by Financing Activities(1,572.5)(1,008.5)665.5 
Net Change in Cash on Deposit with Subsidiary Bank1,587.6 194.1 (1,130.3)
Cash on Deposit with Subsidiary Bank at Beginning of Year795.5 601.4 1,731.7 
Cash on Deposit with Subsidiary Bank at End of Year$2,383.1 $795.5 $601.4