Revenue from Contracts with Customers

6 Months Ended

Jun. 30, 2020

Revenue from Contract with Customer [Abstract]

Revenue from Contracts with Customers

20. Revenue from Contracts with Customers

The following table represents a disaggregation of revenue from contracts with customers, by business segment, for the three- and six-month periods ended June 30, 2020, and June 30, 2019.

	Three months ended June 30, 2020						Three months ended June 30, 2019
dollars in millions	Consumer Bank		Commercial Bank		Total Contract Revenue		Consumer Bank		Commercial Bank		Total Contract Revenue
NONINTEREST INCOME
Trust and investment services income	$	87	$	15	$	102	$	92	$	17	$	109
Investment banking and debt placement fees	—		60		60		—		65		65
Services charges on deposit accounts	38		30		68		56		27		83
Cards and payments income	37		52		89		44		28		72
Other noninterest income	2		—		2		4		—		4
Total revenue from contracts with customers	$	164	$	157	$	321	$	196	$	137	$	333
Other noninterest income (a)					$	331					$	253
Noninterest income from Other(b)					40						36
Total noninterest income					$	692					$	622

(a) Noninterest income considered earned outside the scope of contracts with customers.

(b) Other includes other segments that consists of corporate treasury, our principal investing unit, and various exit portfolios as well as reconciling items which primarily represents the unallocated portion of nonearning assets of corporate support functions. Charges related to the funding of these assets are part of net interest income and are allocated to the business segments through noninterest expense. Reconciling items also includes intercompany eliminations and certain items that are not allocated to the business segments because they do not reflect their normal operations. Refer to Note 19 (“Business Segment Reporting”) for more information.

	Six months ended June 30, 2020						Six months ended June 30, 2019
dollars in millions	Consumer Bank		Commercial Bank		Total Contract Revenue		Consumer Bank		Commercial Bank		Total Contract Revenue
NONINTEREST INCOME
Trust and investment services income	$	179	$	34	$	213	$	176	$	32	$	208
Investment banking and debt placement fees	—		107		107		—		110		110
Services charges on deposit accounts	94		58		152		111		55		166
Cards and payments income	75		78		153		81		54		135
Other noninterest income	4		—		4		6		—		6
Total revenue from contracts with customers	$	352	$	277	$	629	$	374	$	251	$	625
Other noninterest income (a)					$	473					$	474
Noninterest income from Other(b)					67						59
Total noninterest income					$	1,169					$	1,158

(a) Noninterest income considered earned outside the scope of contracts with customers.

(b) Other includes other segments that consists of corporate treasury, our principal investing unit, and various exit portfolios as well as reconciling items which primarily represents the unallocated portion of nonearning assets of corporate support functions. Charges related to the funding of these assets are part of net interest income and are allocated to the business segments through noninterest expense. Reconciling items also includes intercompany eliminations and certain items that are not allocated to the business segments because they do not reflect their normal operations. Refer to Note 19 (“Business Segment Reporting”) for more information.

We had no material contract assets or contract liabilities as of June 30, 2020, and June 30, 2019.