XML 506 R26.htm IDEA: XBRL DOCUMENT v3.22.1
Line of Business Information
 3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Line of Business Information Line of Business Information
Our operations are organized into two lines of business: Investment Servicing and Investment Management, which are defined based on products and services provided. The results of operations for these lines of business are not necessarily comparable with those of other companies, including companies in the financial services industry. For information about our two lines of business, as well as revenues, expenses and capital allocation methodologies associated with them, refer to pages 179 to 181 in Note 24 to the consolidated financial statements included under Item 8, Financial Statements and Supplementary Data, in our 2021 Form 10-K.
The following table is a summary of our line of business results for the periods indicated. The "Other" columns represent costs incurred that are not allocated to a specific line of business, certain employee costs, including certain severance and restructuring costs, acquisition costs and certain provisions for legal contingencies.
Three Months Ended March 31,
Investment
Servicing		Investment
Management		OtherTotal
(Dollars in millions)20222021202220212022202120222021
Servicing fees$1,368 $1,369 $— $— $— $— $1,368 $1,369 
Management fees— — 520 493 — — 520 493 
Foreign exchange trading services342 333 17 13 — — 359 346 
Securities finance93 95 3 4 — — 96 99 
Software and processing fees201 160 — — — — 201 160 
Other fee revenue46 14 (17)2 — — 29 16 
Total fee revenue2,050 1,971 523 512 — — 2,573 2,483 
Net interest income509 473 — (6)— — 509 467 
Total other income(1)— — — — — (1)— 
Total revenue2,558 2,444 523 506 — — 3,081 2,950 
Provision for credit losses— (9)— — — — — (9)
Total expenses1,925 1,879 389 397 13 56 2,327 2,332 
Income before income tax expense$633 $574 $134 $109 $(13)$(56)$754 $627 
Pre-tax margin25 %23 %26 %21 %24 %21 %