v3.20.4
Revenue Recognition
 12 Months Ended
Dec. 31, 2020
Revenue Recognition [Abstract]  
Revenue Recognition
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, 2020
 Corporate BankConsumer
Bank		Wealth
Management		Other Segment Revenue
Other(2)
Continuing
Operations		Discontinued
Operations
 (In millions)
Service charges on deposit accounts$152 $459 $3 $2 $5 $621 $— 
Card and ATM fees43 385 — (1)11 438 — 
Investment management and trust fee income— — 253 — — 253 — 
Capital markets income126 — — — 149 275 — 
Mortgage income— — — — 333 333 — 
Investment services fee income— — 84 — — 84 — 
Commercial credit fee income— — — — 77 77 — 
Bank-owned life insurance— — — — 95 95 — 
Securities gains (losses), net— — — — 4 4 — 
Market value adjustments on employee benefit assets - other— — — — 12 12 — 
Valuation gain on equity investment (1)
— — — — 50 50 — 
Other miscellaneous income33 49 3 2 64 151 — 
$354 $893 $343 $3 $800 $2,393 $— 
 Year Ended December 31, 2019
 Corporate BankConsumer
Bank		Wealth
Management		Other Segment Revenue
Other(2)
Continuing
Operations		Discontinued
Operations
 (In millions)
Service charges on deposit accounts$154 $565 $3 $— $7 $729 $— 
Card and ATM fees54 422 1 — (22)455 — 
Investment management and trust fee income— — 243 — — 243 — 
Capital markets income69 — — — 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 income18 58 5 (2)51 130 — 
$295 $1,045 $331 $(2)$447 $2,116 $— 
 Year Ended December 31, 2018
 Corporate BankConsumer
Bank		Wealth
Management		Other Segment Revenue
Other(2)
Continuing
Operations		Discontinued
Operations
 (In millions)
Service charges on deposit accounts$145 $554 $3 $— $8 $710 $— 
Card and ATM fees52 404 1 (1)(18)438 — 
Investment management and trust fee income— — 235 — — 235 — 
Capital markets income76 — — — 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 (2)
— — — — — — 281 
Other miscellaneous income13 42 3 (1)39 96 — 
$286 $1,000 $314 $1 $418 $2,019 $349 
_________
(1)In the third quarter of 2020, the equity investee executed an initial public offering. The Company was subject to a conventional post-issuance 180 day lock-up period, which prevented the sale of its position until January 2021. The Company sold its position in January 2021 and recognized an immaterial gain.
(2)This revenue is not impacted by the accounting guidance adopted in 2018 and continues to be recognized when earned in accordance with the Company's prior revenue recognition policy.
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.