STI 2018 Annual Report

Notes to Consolidated Financial Statements, continued 96 NOTE 2 – REVENUE RECOGNITION Pursuant to the Company's adoption of ASC Topic 606, Revenue from Contracts with Customers , the following table reflects the Company’s noninterest income disaggregated by the amount of revenue that is in scope and out of scope of ASC Topic 606. (Dollars in millions) Year Ended December 31, 2018 Noninterest income Revenue in scope of ASC Topic 606 $1,992 Revenue out of scope of ASC Topic 606 1,234 Total noninterest income $3,226 The following tables further disaggregate the Company’s noninterest income by financial statement line item, business segment, and by the amount of each revenue stream that is in scope or out of scope of ASC Topic 606. The commentary following these tables describes the Company's accounting policies for recognizing noninterest income, including the nature and timing of such revenue streams. The Company's contracts with customers generally do not contain terms that require significant judgment to determine the amount of revenue to recognize. Year Ended December 31, 2018 1 (Dollars in millions) Consumer 2 Wholesale 2 Out of Scope 2, 3 Total Noninterest income Service charges on deposit accounts $444 $135 $— $579 Other charges and fees 4, 5 114 12 230 356 Card fees 216 104 4 324 Investment banking income 4 — 352 247 599 Trading income — — 161 161 Mortgage related income — — 342 342 Trust and investment management income 301 — 3 304 Retail investment services 6 289 2 1 292 Commercial real estate related income — — 134 134 Net securities gains — — 1 1 Other noninterest income 23 — 111 134 Total noninterest income $1,387 $605 $1,234 $3,226 1 Amounts are presented in accordance with ASC Topic 606, Revenue from Contracts with Customers , except for out of scope amounts. 2 Consumer total noninterest income and Wholesale total noninterest income exclude $417 million and $929 million of out of scope noninterest income, respectively, which are included in the business segment results presented on a management accounting basis in Note 22, "Business Segment Reporting." Out of scope total noninterest income includes these amounts and also includes ($112) million of Corporate Other noninterest income that is not subject to ASC Topic 606. 3 The Company presents out of scope noninterest income for the purpose of reconciling noninterest income amounts within the scope of ASC Topic 606 to noninterest income amounts presented on the Company's Consolidated Statements of Income. 4 Beginning July 1, 2018, the Company began presenting bridge commitment fee income related to capital market transactions in Investment banking income on the Consolidated Statements of Income. For periods prior to July 1, 2018, this income was previously presented in Other charges and fees and has been reclassified to Investment banking income for comparability. 5 The Company recognized an immaterial amount of insurance trailing commissions, the majority of which related to performance obligations satisfied in prior periods. 6 The Company recognized $50 million of mutual fund 12b-1 fees and annuity trailing commissions, the majority of which related to performance obligations satisfied in periods prior to December 31, 2018.