Revenue Recognition

12 Months Ended

Dec. 31, 2019

The Company records revenue when control of the promised products or services is transferred to the customer, in an amount that reflects the consideration Regions expects to be entitled to receive in exchange for those products or services. Refer to Note 1 for descriptions of the accounting and reporting policies related to revenue recognition.

The following tables present total non-interest income disaggregated by major product category for each reportable segment for the period indicated:



	Year Ended December 31, 2019
	Corporate Bank		Consumer Bank		Wealth Management		Other Segment Revenue			Other⁽¹⁾			Continuing Operations			Discontinued Operations
	(In millions)
Service charges on deposit accounts	$	154	$	565	$	3	$	—		$	7		$	729		$	—
Card and ATM fees	54		422		1		—			(22		)	455			—
Investment management and trust fee income	—		—		243		—			—			243			—
Capital markets income	69		—		—		—			109			178			—
Mortgage income	—		—		—		—			163			163			—
Investment services fee income	—		—		79		—			—			79			—
Commercial credit fee income	—		—		—		—			73			73			—
Bank-owned life insurance	—		—		—		—			78			78			—
Securities gains (losses), net	—		—		—		—			(28		)	(28		)	—
Market value adjustments on employee benefit assets - defined benefit	—		—		—		—			5			5			—
Market value adjustments on employee benefit assets - other	—		—		—		—			11			11			—
Other miscellaneous income	18		58		5		(2		)	51			130			—
	$	295	$	1,045	$	331	$	(2	)	$	447		$	2,116		$	—



	Year Ended December 31, 2018
	Corporate Bank		Consumer Bank		Wealth Management		Other Segment Revenue			Other⁽¹⁾			Continuing Operations			Discontinued Operations
	(In millions)
Service charges on deposit accounts	$	145	$	554	$	3	$	—		$	8		$	710		$	—
Card and ATM fees	52		404		1		(1		)	(18		)	438			—
Investment management and trust fee income	—		—		235		—			—			235			—
Capital markets income	76		—		—		—			126			202			—
Mortgage income	—		—		—		—			137			137			—
Investment services fee income	—		—		71		—			—			71			—
Commercial credit fee income	—		—		—		—			71			71			—
Bank-owned life insurance	—		—		—		—			65			65			—
Securities gains (losses), net	—		—		—		—			1			1			(1		)
Market value adjustments on employee benefit assets - defined benefit	—		—		—		—			(6		)	(6		)	—
Market value adjustments on employee benefit assets - other	—		—		—		—			(5		)	(5		)	—
Insurance commissions and fees	—		—		1		3			—			4			69
Gain on sale of business⁽¹⁾	—		—		—		—			—			—			281
Other miscellaneous income	13		42		3		(1		)	39			96			—
	$	286	$	1,000	$	314	$	1		$	418		$	2,019		$	349



	Year Ended December 31, 2017 ⁽²⁾
	Corporate Bank		Consumer Bank		Wealth Management		Other Segment Revenue		Other⁽¹⁾			Continuing Operations		Discontinued Operations
	(In millions)
Service charges on deposit accounts	$	140	$	530	$	3	$	1	$	9		$	683	$	—
Card and ATM fees	47		382		—		1		(13		)	417		—
Investment management and trust fee income	—		—		230		—		—			230		—
Capital markets income	48		—		—		—		113			161		—
Mortgage income	—		—		—		—		149			149		—
Investment services fee income	—		—		60		—		—			60		—
Commercial credit fee income	—		—		—		—		71			71		—
Bank-owned life insurance	—		—		—		—		81			81		—
Securities gains (losses), net	—		—		—		—		19			19		3
Market value adjustments on employee benefit assets - defined benefit	—		—		—		—		—			—		—
Market value adjustments on employee benefit assets - other	—		—		—		—		16			16		—
Insurance commissions and fees	—		—		1		4		—			5		140
Other miscellaneous income	13		45		4		—		8			70		3
	$	248	$	957	$	298	$	6	$	453		$	1,962	$	146

_________


(1)	This revenue is not impacted by the new accounting guidance and continues to be recognized when earned in accordance with the Company's existing revenue recognition policy.


(2)	The amounts included for 2017 have not been adjusted under the modified retrospective method.

Regions elected the practical expedient related to contract costs and will continue to expense sales commissions and any related contract costs when incurred because the amortization period would have been one year or less.

Regions also elected the practical expedient related to remaining performance obligations and therefore did not disclose the value of unsatisfied performance obligations for 1) contracts with an original expected length of one year or less and 2) contracts for which revenue is recognized at the amount to which Regions has the right to invoice for services performed.