Northern Trust (NTRS) 10-K 25 Feb 20 2019 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2019	Jan. 31, 2020	Jun. 28, 2019
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2019
Document Transition Report	false
Entity File Number	001-36609
Entity Registrant Name	NORTHERN TRUST CORPORATION
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	36-2723087
Entity Address, Address Line One	50 South La Salle Street
Entity Address, City or Town	Chicago,
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60603
City Area Code	312
Local Phone Number	630-6000
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth	false
Entity Small Business	false
Entity Shell Company	false
Entity Public Float			$ 19.2
Entity Common Stock, Shares Outstanding (in shares)		209,247,666
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Entity Central Index Key	0000073124
Current Fiscal Year End Date	--12-31
Common Stock
Document Information [Line Items]
Title of 12(b) Security	Common Stock, $1.66 2/3 Par Value
Trading Symbol	NTRS
Security Exchange Name	NASDAQ
Series C Preferred Stock
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing 1/1,000th interest in a share of Series C Non-Cumulative Perpetual Preferred Stock
Trading Symbol	NTRSP
Security Exchange Name	NASDAQ
Series E Preferred Stock
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing 1/1,000th interest in a share of Series E Non-Cumulative Perpetual Preferred Stock
Trading Symbol	NTRSO
Security Exchange Name	NASDAQ

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
ASSETS
Cash and Due from Banks	$ 4,459.2	$ 4,581.6
Federal Reserve and Other Central Bank Deposits	33,886	30,080.2
Interest-Bearing Deposits with Banks	4,877.1	4,264.2
Federal Funds Sold and Securities Purchased under Agreements to Resell	712.8	1,165.2
Debt Securities
Available for Sale	38,876.3	36,888.8
Held to Maturity (Fair value of $12,249.3 and $14,267.0)	12,284.5	14,354
Trading Account	0.3	0.3
Total Debt Securities	51,161.1	51,243.1
Loans and Leases
Total Loans and Leases	31,409.6	32,490
Allowance for Credit Losses Assigned to Loans and Leases	(104.5)	(112.6)
Buildings and Equipment	483.3	428.2
Client Security Settlement Receivables	845.7	1,646.1
Goodwill	696.8	669.3
Other Assets	8,401.3	5,757.2
Total Assets	136,828.4	132,212.5
Deposits
Demand and Other Noninterest-Bearing	14,114.7	14,508
Savings, Money Market and Other Interest-Bearing	21,441.5	14,612
Savings Certificates and Other Time	986.7	688.7
Non U.S. Offices — Noninterest-Bearing	12,177.4	8,220.1
Non U.S. Offices Interest-Bearing	60,400.3	66,468
Total Deposits	109,120.6	104,496.8
Federal Funds Purchased	552.9	2,594.2
Securities Sold Under Agreements to Repurchase	489.7	168.3
Other Borrowings	6,744.8	7,901.7
Senior Notes	2,573	2,011.3
Long-Term Debt	1,148.1	1,112.4
Floating Rate Capital Debt	277.7	277.6
Other Liabilities	4,830.6	3,141.9
Total Liabilities	125,737.4	121,704.2
STOCKHOLDERS’ EQUITY
Common Stock, $1.66 2/3 Par Value; Authorized 560,000,000 shares; Outstanding shares of 209,709,046 and 219,012,050	408.6	408.6
Additional Paid-In Capital	1,013.1	1,068.5
Retained Earnings	11,656.7	10,776.8
Accumulated Other Comprehensive Loss	(194.7)	(453.7)
Treasury Stock (35,462,478 and 26,159,474 shares, at cost)	(3,066.1)	(2,173.9)
Total Stockholders’ Equity	11,091	10,508.3
Total Liabilities and Stockholders’ Equity	136,828.4	132,212.5
Series C Preferred Stock
STOCKHOLDERS’ EQUITY
Preferred Stock	388.5	388.5
Total Stockholders’ Equity	388.5	388.5
Series D Preferred Stock
STOCKHOLDERS’ EQUITY
Preferred Stock	493.5	493.5
Series E Preferred Stock
STOCKHOLDERS’ EQUITY
Preferred Stock	391.4	0
Commercial
Loans and Leases
Total Loans and Leases	14,274.2	15,175.2
Allowance for Credit Losses Assigned to Loans and Leases	(58.1)	(57.6)
Personal
Loans and Leases
Total Loans and Leases	17,135.4	17,314.8
Allowance for Credit Losses Assigned to Loans and Leases	$ (46.4)	$ (55)

Consolidated Balance Sheet (Par

Consolidated Balance Sheet (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Held to maturity, fair value	$ 12,249.3	$ 14,267
Total Loans and Leases, unearned income	$ 14.1	$ 13.2
Preferred stock, par value (in dollars per share)
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Common stock, par value (in dollars per share)	$ 1.6667	$ 1.6667
Common stock, shares authorized (in shares)	560,000,000	560,000,000
Common stock, shares outstanding (in shares)	209,709,046	219,012,050
Treasury stock, shares (in shares)	35,462,478	26,159,474
Series C Preferred Stock
Preferred stock, par value (in dollars per share)	$ 0
Preferred stock, shares outstanding (in shares)	16,000	16,000
Series D Preferred Stock
Preferred stock, par value (in dollars per share)	$ 0
Preferred stock, shares outstanding (in shares)	5,000	5,000
Series E Preferred Stock
Preferred stock, shares outstanding (in shares)	16,000

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Noninterest Income
Trust, Investment and Other Servicing Fees	$ 3,852.1	$ 3,753.7	$ 3,434.3
Foreign Exchange Trading Income	250.9	307.2	209.9
Treasury Management Fees	44.5	51.8	56.4
Security Commissions and Trading Income	103.6	98.3	89.6
Other Operating Income	145.5	127.5	157.5
Investment Security Gains (Losses), net	(1.4)	(1)	(1.6)
Total Noninterest Income	4,395.2	4,337.5	3,946.1
Net Interest Income
Interest Income	2,499.9	2,321.4	1,769.4
Interest Expense	822	698.7	340.2
Net Interest Income	1,677.9	1,622.7	1,429.2
Provision for Credit Losses	(14.5)	(14.5)	(28)
Net Interest Income after Provision for Credit Losses	1,692.4	1,637.2	1,457.2
Noninterest Expense
Compensation	1,859	1,806.9	1,733.7
Employee Benefits	355.2	356.7	319.9
Outside Services	774.5	739.4	668.4
Equipment and Software	612.1	582.2	524
Occupancy	212.9	201.1	191.8
Other Operating Expense	329.8	330.6	331.6
Total Noninterest Expense	4,143.5	4,016.9	3,769.4
Income before Income Taxes	1,944.1	1,957.8	1,633.9
Provision for Income Taxes	451.9	401.4	434.9
NET INCOME	1,492.2	1,556.4	1,199
Preferred Stock Dividends	46.4	46.4	49.8
Net Income Applicable to Common Stock	$ 1,445.8	$ 1,510	$ 1,149.2
PER COMMON SHARE
Net Income - Basic (in dollars per share)	$ 6.66	$ 6.68	$ 4.95
Net Income - Diluted (in dollars per share)	$ 6.63	$ 6.64	$ 4.92
Average Number of Common Shares Outstanding - Basic (in shares)	214,525,547	223,148,335	228,257,664
Average Number of Common Shares Outstanding - Diluted (in shares)	215,601,149	224,488,326	229,654,401
Note: Changes in Other-Than-Temporary-Impairment (OTTI) Losses	$ (0.3)	$ (0.5)	$ (0.2)
Other Security Gains (Losses), net	(1.1)	(0.5)	(1.4)
Investment Security Gains (Losses), net	$ (1.4)	$ (1)	$ (1.6)

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement of Comprehensive Income [Abstract]
Net Income	$ 1,492.2	$ 1,556.4	$ 1,199
Other Comprehensive Income (Loss) (Net of Tax and Reclassifications)
Net Unrealized Gains (Losses) on Debt Securities Available for Sale	228.9	(22.3)	(42.4)
Net Unrealized Gains (Losses) on Cash Flow Hedges	(7.7)	(1.4)	(1.6)
Net Foreign Currency Adjustments	49.9	22.2	16.7
Net Pension and Other Postretirement Benefit Adjustments	(12.1)	(12.6)	(17)
Other Comprehensive Income (Loss)	259	(14.1)	(44.3)
Comprehensive Income	$ 1,751.2	$ 1,542.3	$ 1,154.7

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Millions	Total	Preferred Stock	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock
Balance, beginning of period at Dec. 31, 2016	$ 9,770.4	$ 882	$ 408.6	$ 1,035.8	$ 8,908.4	$ (370)	$ (1,094.4)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	1,199				1,199
Other Comprehensive Income (Loss) (Net of Tax and Reclassifications)	(44.3)					(44.3)
Dividends – Common Stock	(372.5)				(372.5)
Preferred Stock	(49.8)				(49.8)
Stock Options and Awards	225.1						225.1
Stock Purchased	(523.1)						(523.1)
Treasury Stock Transactions — Stock Options and Awards	(117.1)			(117.1)
Stock Options and Awards — Amortization	128.5			128.5
Balance, end of period at Dec. 31, 2017	10,216.2	882	408.6	1,047.2	9,685.1	(414.3)	(1,392.4)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income	0				25.3	(25.3)
Net Income	1,556.4				1,556.4
Other Comprehensive Income (Loss) (Net of Tax and Reclassifications)	(14.1)					(14.1)
Dividends – Common Stock	(439.1)				(439.1)
Preferred Stock	(46.4)				(46.4)
Stock Options and Awards	142.8						142.8
Stock Purchased	(924.3)						(924.3)
Treasury Stock Transactions — Stock Options and Awards	(110.2)			(110.2)
Stock Options and Awards — Amortization	131.5			131.5
Balance, end of period at Dec. 31, 2018	10,508.3	882	408.6	1,068.5	10,776.8	(453.7)	(2,173.9)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	1,492.2				1,492.2
Other Comprehensive Income (Loss) (Net of Tax and Reclassifications)	259					259
Dividends – Common Stock	(565.9)				(565.9)
Preferred Stock	(46.4)				(46.4)
Issuance of Preferred Stock, Series E	391.4	391.4
Stock Options and Awards	208						208
Stock Purchased	(1,100.2)						(1,100.2)
Treasury Stock Transactions — Stock Options and Awards	(163.9)			(163.9)
Stock Options and Awards — Amortization	108.5			108.5
Balance, end of period at Dec. 31, 2019	$ 11,091	$ 1,273.4	$ 408.6	$ 1,013.1	$ 11,656.7	$ (194.7)	$ (3,066.1)

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders' Equity Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement of Stockholders' Equity [Abstract]
Dividends declared (in USD per share)	$ 2.60	$ 1.94	$ 1.60

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	$ 1,492.2	$ 1,556.4	$ 1,199
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities
Investment Security Losses, net	1.4	1	1.6
Amortization and Accretion of Securities and Unearned Income, net	64.6	95.9	105
Provision for Credit Losses	(14.5)	(14.5)	(28)
Depreciation on Buildings and Equipment	103.2	108.6	101.2
Amortization of Computer Software	339.1	334.9	309.1
Amortization of Intangibles	16.6	17.4	11.4
Change in Accrued Income Taxes	(70.7)	(130)	36.2
Pension Plan Contributions	(6.1)	(74.5)	(14.5)
Deferred Income Tax Provision	34.3	10.5	(76.1)
Change in Receivables	(50.3)	(197)	(119.3)
Change in Interest Payable	(23.6)	28.5	10.7
Change in Collateral With Derivative Counterparties, net	1,154	(699.6)	486.2
Other Operating Activities, net	(448.2)	729.9	(302.1)
Net Cash Provided by Operating Activities	2,592	1,767.5	1,720.4
CASH FLOWS FROM INVESTING ACTIVITIES
Net Change in Federal Funds Sold and Securities Purchased under Agreements to Resell	486.3	105.7	678.9
Change in Interest-Bearing Deposits with Banks	(614.6)	1,073.8	(467.7)
Net Change in Federal Reserve and Other Central Bank Deposits	(3,683.2)	9,679.6	(12,748.7)
Purchases of Debt Securities – Held to Maturity	(14,154.3)	(21,463.1)	(11,955.2)
Proceeds from Maturity and Redemption of Debt Securities – Held to Maturity	16,290.9	20,036.7	9,924.8
Purchases of Debt Securities – Available for Sale	(12,811)	(12,596.9)
Purchases of Debt Securities – Available for Sale			(9,780)
Proceeds from Sale, Maturity and Redemption of Debt Securities – Available for Sale	11,057.2	8,958.7	10,103.4
Change in Loans and Leases	1,087.9	66.1	1,451
Purchases of Buildings and Equipment	(158)	(97.6)	(91.6)
Purchases and Development of Computer Software	(441.8)	(408.4)	(381.2)
Change in Client Security Settlement Receivables	821	(49.7)	(592.6)
Acquisition of a Business, Net of Cash Received	(10.5)	(104.2)	(188.5)
Bank-Owned Life Insurance Policy Premiums	(1,500)	0	0
Other Investing Activities, net	225.1	(873.6)	25.8
Net Cash (Used in) Provided by Investing Activities	(3,405)	4,327.1	(14,021.6)
CASH FLOWS FROM FINANCING ACTIVITIES
Change in Deposits	4,263.6	(6,163.2)	8,523.6
Change in Federal Funds Purchased	2,041.3	(308.1)	(2,081.2)
Change in Securities Sold under Agreements to Repurchase	320.9	(665.2)	360.5
Change in Short-Term Other Borrowings	(1,184.5)	1,860.9	967.7
Proceeds from Senior Notes	498	497.9	350
Repayments of Senior Notes	0	(314.3)	(208.7)
Proceeds from Issuance of Preferred Stock - Series E	392.5	0	0
Treasury Stock Purchased	(1,100.2)	(924.3)	(523.1)
Net Proceeds from Stock Options	44	32.6	108
Cash Dividends Paid on Common Stock	(529.7)	(405.4)	(356.8)
Cash Dividends Paid on Preferred Stock	(46.4)	(46.4)	(49.8)
Other Financing Activities, net	(1)	1.1	0.1
Net Cash Provided by (Used In) Financing Activities	615.9	(5,818.2)	11,252.7
Effect of Foreign Currency Exchange Rates on Cash	74.7	(212.9)	234.6
Change in Cash and Due from Banks	(122.4)	63.5	(813.9)
Cash and Due from Banks at Beginning of Year	4,581.6	4,518.1	5,332
Cash and Due from Banks at End of Year	4,459.2	4,581.6	4,518.1
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest Paid	845.5	670.2	328.8
Income Taxes Paid	437	493.5	441.2
Transfers from Loans to OREO	3.5	11.4	8.2
Transfers to Leases Held For Sale from Leases	$ 53.6	$ 0	$ 0

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies The consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles (GAAP) and reporting practices prescribed for the banking industry. A description of the more significant accounting policies follows. A. Basis of Presentation. The consolidated financial statements include the accounts of Northern Trust Corporation (Corporation) and its wholly-owned subsidiary, The Northern Trust Company (Bank), and various other wholly-owned subsidiaries of the Corporation and Bank. Throughout the notes to the consolidated financial statements, the term “Northern Trust” refers to the Corporation and its subsidiaries. Intercompany balances and transactions have been eliminated in consolidation. The consolidated statements of income include results of acquired subsidiaries from the dates of acquisition. Certain prior-year balances have been reclassified consistent with the current year’s presentation. B. Nature of Operations. The Corporation is a bank holding company that has elected to be a financial holding company under the Bank Holding Company Act of 1956, as amended. The Bank is an Illinois banking corporation headquartered in Chicago and the Corporation’s principal subsidiary. The Corporation conducts business in the United States (U.S.) and internationally through various U.S. and non-U.S. subsidiaries, including the Bank. Northern Trust generates the majority of its revenue from its two client-focused reporting segments: Corporate & Institutional Services (C&IS) and Wealth Management. Asset management and related services are provided to C&IS and Wealth Management clients primarily by the Asset Management business. C&IS is a leading global provider of asset servicing and related services to corporate and public retirement funds, foundations, endowments, fund managers, insurance companies, sovereign wealth funds, and other institutional investors around the globe. Asset servicing and related services encompass a full range of capabilities including but not limited to: global custody; fund administration; investment operations outsourcing; investment management; investment risk and analytical services; employee benefit services; securities lending; foreign exchange; treasury management; brokerage services; transition management services; banking and cash management. Client relationships are managed through the Bank and the Bank’s and the Corporation’s other subsidiaries, including support from locations in North America, Europe, the Middle East, and the Asia-Pacific region. Wealth Management focuses on high-net-worth individuals and families, business owners, executives, professionals, retirees, and established privately-held businesses in its target markets. The business also includes the Global Family Office, which provides customized services to meet the complex financial needs of individuals and family offices in the U.S. and throughout the world with assets typically exceeding $200 million . In supporting these targeted segments, Wealth Management provides trust, investment management, custody, and philanthropic services; financial consulting; guardianship and estate administration; family business consulting; family financial education; brokerage services; and private and business banking. Wealth Management services are delivered by multidisciplinary teams through a network of offices in 19 U.S. states and Washington, D.C., as well as offices in London, Guernsey, and Abu Dhabi. C. Use of Estimates in the Preparation of Financial Statements. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions in the application of certain of our significant accounting policies that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expense during the reporting period. Actual results could differ from those estimates. D. Foreign Currency Remeasurement and Translation. Asset and liability accounts denominated in nonfunctional currencies are remeasured into functional currencies at period-end rates of exchange, except for certain balance sheet items including but not limited to buildings and equipment, goodwill and other intangible assets, which are remeasured at historical exchange rates. Results from remeasurement of asset and liability accounts are reported in other operating income as currency translation gains (losses), net. Income and expense accounts are remeasured at period-average rates of exchange. Asset and liability accounts of entities with functional currencies that are not the U.S. dollar are translated at period-end rates of exchange. Income and expense accounts are translated at period-average rates of exchange. Translation adjustments, net of applicable taxes, are reported directly to accumulated other comprehensive income (AOCI), a component of stockholders’ equity. E. Securities. Securities Available for Sale are reported at fair value, with unrealized gains and losses credited or charged, net of the tax effect, to AOCI. Realized gains and losses on securities available for sale are determined on a specific identification basis and are reported within other security gains (losses), net, in the consolidated statements of income. Interest income is recorded on the accrual basis, adjusted for the amortization of premium and accretion of discount. Securities Held to Maturity consist of debt securities that management intends to, and Northern Trust has the ability to, hold until maturity. Such securities are reported at cost, adjusted for amortization of premium and accretion of discount. Interest income is recorded on the accrual basis adjusted for the amortization of premium and accretion of discount. Securities Held for Trading are stated at fair value. Realized and unrealized gains and losses on securities held for trading are reported in the consolidated statements of income within security commissions and trading income. Nonmarketable Securities primarily consist of Federal Reserve Bank of Chicago and Federal Home Loan Bank stock and community development investments, each of which are recorded in Other Assets on the consolidated balance sheets. Federal Reserve Bank of Chicago and Federal Home Loan Bank stock are reported at cost, which represents redemption value. Community development investments are typically reported at amortized cost. Those community development investments that are designed to generate a return primarily through realization of tax credits and other tax benefits, which are discussed in further detail in Note 30, “Variable Interest Entities,” are reported at amortized cost using the effective yield method or proportional amortization method and amortized over the lives of the related tax credits and other tax benefits. Other-Than-Temporary Impairment (OTTI). A security is considered to be other-than-temporarily impaired if the present value of cash flows expected to be collected are less than the security’s amortized cost basis (the difference being defined as the credit loss) or if the fair value of the security is less than the security’s amortized cost basis and the investor intends, or more-likely-than-not will be required, to sell the security before recovery of the security’s amortized cost basis. If OTTI exists, the charge to earnings is limited to the amount of credit loss if the investor does not intend to sell the security, and it is more-likely-than-not that it will not be required to sell the security, before recovery of the security’s amortized cost basis. Any remaining difference between fair value and amortized cost is recognized in AOCI, net of applicable taxes. Otherwise, the entire difference between fair value and amortized cost is charged to earnings. F. Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase. Securities purchased under agreements to resell and securities sold under agreements to repurchase are accounted for as collateralized financings and recorded at the amounts at which the securities were acquired or sold plus accrued interest. To minimize any potential credit risk associated with these transactions, the fair value of the securities purchased or sold is monitored, limits are set on exposure with counterparties, and the financial condition of counterparties is regularly assessed. It is Northern Trust’s policy to take possession, either directly or via third-party custodians, of securities purchased under agreements to resell. Securities sold under agreements to repurchase are held by the counterparty until the repurchase. G. Derivative Financial Instruments. Northern Trust is a party to various derivative financial instruments that are used in the normal course of business to meet the needs of its clients, as part of its trading activity for its own account, and as part of its risk management activities. These instruments generally include foreign exchange contracts, interest rate contracts, total return swap contracts and credit default swap contracts. All derivative financial instruments, whether designated as hedges or not, are recorded on the consolidated balance sheets at fair value within Other Assets and Other Liabilities. Derivative asset and liability positions with the same counterparty are reflected on a net basis on the consolidated balance sheets in cases where legally enforceable master netting arrangements or similar agreements exist. These derivative assets and liabilities are further reduced by cash collateral received from, and deposited with, derivative counterparties. The accounting for changes in the fair value of a derivative in the consolidated statements of income depends on whether or not the contract has been designated as a hedge and qualifies for hedge accounting under GAAP. Derivative financial instruments are recorded on the consolidated statements of cash flows within the line item, “other operating activities, net,” except for net investment hedges which are recorded within “other investing activities, net”. Changes in the fair value of client-related and trading derivative instruments, which are not designated hedges under GAAP, are recognized currently in either foreign exchange trading income or security commissions and trading income. Changes in the fair value of derivative instruments entered into for risk management purposes but not designated as hedges are recognized currently in other operating income. Certain derivative instruments used by Northern Trust to manage risk are formally designated and qualify for hedge accounting as fair value, cash flow, or net investment hedges. Derivatives designated as fair value hedges are used to limit Northern Trust’s exposure to changes in the fair value of assets and liabilities due to movements in interest rates. Changes in the fair value of the derivative instrument and changes in the fair value of the hedged asset or liability attributable to the hedged risk are recognized currently in interest income or interest expense. For substantially all fair value hedges, Northern Trust applies the “shortcut” method of accounting, available under GAAP. As a result, changes recorded in the fair value of the hedged item are assumed to equal the offsetting gain or loss on the derivative. For fair value hedges that do not qualify for the “shortcut” method of accounting, Northern Trust utilizes regression analysis, a “long-haul” method of accounting, in assessing whether these hedging relationships are highly effective at inception and quarterly thereafter. Derivatives designated as cash flow hedges are used to minimize the variability in cash flows of earning assets or forecasted transactions caused by movements in interest or foreign exchange rates. Changes in the fair value of such derivatives are recognized in AOCI, a component of stockholders’ equity, and there is no change to the accounting for the hedged item. Balances in AOCI are reclassified to earnings when the hedged forecasted transaction impacts earnings, and are reflected in the same income statement line item. Northern Trust applies the “shortcut” method of accounting for cash flow hedges of certain available for sale investment securities. For cash flow hedges of certain other available for sale investment securities, foreign currency denominated investment securities, and forecasted foreign currency denominated revenue and expenditure transactions, Northern Trust closely matches all terms of the hedged item and hedging derivative at inception and on an ongoing basis. For cash flow hedges of available for sale investment securities, to the extent all terms are not perfectly matched, effectiveness is assessed using regression analysis. For cash flow hedges of forecasted foreign currency denominated revenue and expenditure transactions and investment securities, to the extent all terms are not perfectly matched, effectiveness is assessed using the dollar-offset method. Foreign exchange contracts and qualifying non-derivative instruments designated as net investment hedges are used to minimize Northern Trust’s exposure to variability in the foreign currency translation of net investments in non-U.S. branches and subsidiaries. Changes in the fair value of the hedging instrument are recognized in AOCI consistent with the related translation gains and losses of the hedged net investment. For net investment hedges, all critical terms of the hedged item and the hedging instrument are matched at inception and on an ongoing basis. Amounts recorded in AOCI are reclassified to earnings only upon the sale or liquidation of an investment in a non-U.S. branch or subsidiary. Fair value, cash flow, and net investment hedges are designated and formally documented as such contemporaneous with the transaction. The formal documentation describes the hedge relationship and identifies the hedging instruments and hedged items. Included in the documentation is a discussion of the risk management objectives and strategies for undertaking such hedges, the nature of the risk being hedged, and a description of the method for assessing hedge effectiveness at inception and on an ongoing basis. For hedges that do not qualify for the “shortcut” or the critical terms match methods of accounting, a formal assessment is performed on a calendar quarter basis to verify that derivatives used in hedging transactions continue to be highly effective in offsetting the changes in fair value or cash flows of the hedged item. Hedge accounting is discontinued if a derivative ceases to be highly effective, matures, is terminated or sold, if a hedged forecasted transaction is no longer expected to occur, or if Northern Trust removes the derivative’s hedge designation. Subsequent gains and losses on these derivatives are included in foreign exchange trading income or security commissions and trading income. For discontinued cash flow hedges, the accumulated gain or loss on the derivative remains in AOCI and is reclassified to earnings in the period in which the previously hedged forecasted transaction impacts earnings or is no longer probable of occurring. For discontinued fair value hedges, the previously hedged asset or liability ceases to be adjusted for changes in its fair value. Previous adjustments to the hedged item are amortized over the remaining life of the hedged item. H. Loans and Leases. Loans and leases are recognized assets that represent a contractual right to receive money either on demand or on fixed or determinable dates. Loans and leases are disaggregated for disclosure purposes by portfolio segment (segment) and by class. Northern Trust has defined its segments as commercial and personal. A class of loans and leases is a subset of a segment, the components of which have similar risk characteristics, measurement attributes, or risk monitoring methods. The classes within the commercial segment have been defined as commercial and institutional, commercial real estate, lease financing, net, non-U.S. and other. The classes within the personal segment have been defined as residential real estate, private client and other. Loan Classification. Loans that are held for investment are reported at the principal amount outstanding, net of unearned income. Loans classified as held for sale are reported at the lower of cost or fair value. Undrawn commitments relating to loans that are not held for sale are recorded in Other Liabilities and are carried at the amount of unamortized fees with an allowance for credit loss liability recognized for any estimated probable losses. Recognition of Income. Interest income on loans is recorded on an accrual basis unless, in the opinion of management, there is a question as to the ability of the debtor to meet the terms of the loan agreement, or interest or principal is more than 90 days contractually past due and the loan is not well-secured and in the process of collection. Loans meeting such criteria are classified as nonperforming and interest income is recorded on a cash basis. Past due status is based on how long since the contractual due date a principal or interest payment has been past due. For disclosure purposes, loans that are 29 days past due or less are reported as current. At the time a loan is determined to be nonperforming, interest accrued but not collected is reversed against interest income in the current period. Interest collected on nonperforming loans is applied to principal unless, in the opinion of management, collectability of principal is not in doubt. Management’s assessment of indicators of loan and lease collectability, and its policies relative to the recognition of interest income, including the suspension and subsequent resumption of income recognition, do not meaningfully vary between loan and lease classes. Nonperforming loans are returned to performing status when factors indicating doubtful collectability no longer exist. Factors considered in returning a loan to performing status are consistent across all classes of loans and leases and, in accordance with regulatory guidance, relate primarily to expected payment performance. A loan is eligible to be returned to performing status when: (i) no principal or interest that is due is unpaid and repayment of the remaining contractual principal and interest is expected or (ii) the loan has otherwise become well-secured (possessing realizable value sufficient to discharge the debt, including accrued interest, in full) and is in the process of collection (through action reasonably expected to result in debt repayment or restoration to a current status in the near future). A loan that has not been brought fully current may be restored to performing status provided there has been a sustained period of repayment performance (generally a minimum of six payment periods) by the borrower in accordance with the contractual terms, and Northern Trust is reasonably assured of repayment within a reasonable period of time. Additionally, a loan that has been formally restructured so as to be reasonably assured of repayment and performance according to its modified terms may be returned to accrual status, provided there was a well-documented credit evaluation of the borrower’s financial condition and prospects of repayment under the revised terms, and there has been a sustained period of repayment performance (generally a minimum of six payment periods) under the revised terms. Impaired Loans. A loan is considered to be impaired when, based on current information and events, management determines that it is probable that Northern Trust will be unable to collect all amounts due according to the contractual terms of the loan agreement. Impaired loans are identified through ongoing credit management and risk rating processes, including the formal review of past due and watch list credits. Payment performance and delinquency status are critical factors in identifying impairment for all loans and leases, particularly those within the residential real estate, private client and personal-other classes. Other key factors considered in identifying impairment of loans and leases within the commercial and institutional, lease financing, net, non-U.S., and commercial-other classes relate to the borrower’s ability to perform under the terms of the obligation as measured through the assessment of future cash flows, including consideration of collateral value, market value, and other factors. A loan is also considered to be impaired if its terms have been modified as a concession by Northern Trust or a bankruptcy court resulting from the debtor’s financial difficulties, referred to as a troubled debt restructuring (TDR). All TDRs are reported as impaired loans in the calendar year of their restructuring. In subsequent years, a TDR may cease being reported as impaired if the loan was modified at a market rate and has performed according to the modified terms for at least six payment periods. A loan that has been modified at a below market rate will return to performing status if it satisfies the six -payment-period performance requirement; however, it will remain reported as impaired. Impairment is measured based upon the present value of expected future cash flows, discounted at the loan's original effective interest rate, the fair value of the collateral if the loan is collateral dependent, or the loan's observable market value. If the loan valuation is less than the recorded value of the loan, based on the certainty of loss, either a specific allowance is established, or a charge-off is recorded, for the difference. Smaller balance (individually less than $1 million ) homogeneous loans are collectively evaluated for impairment and excluded from impaired loan disclosures as allowed under applicable accounting standards. Northern Trust’s accounting policies for material impaired loans is consistent across all classes of loans and leases. Premium, Discounts, Origination Costs and Fees. Premiums and discounts on loans are recognized as an adjustment of yield using the interest method based on the contractual terms of the loan. Certain direct origination costs and fees are netted, deferred and amortized over the life of the related loan as an adjustment to the loan’s yield. Direct Financing and Leveraged Leases. Unearned lease income from direct financing and leveraged leases is recognized using the interest method. This method provides a constant rate of return on the unrecovered investment over the life of the lease. The rate of return and the allocation of income over the lease term are recalculated from the inception of the lease if during the lease term assumptions regarding the amount or timing of estimated cash flows change. Lease residual values are established at the inception of the lease based on in-house valuations and market analyses provided by outside parties. Lease residual values are reviewed at least annually for OTTI. A decline in the estimated residual value of a leased asset determined to be other-than-temporary would be recorded in the period in which the decline is identified as a reduction of interest income. I. Allowance for Credit Losses. The allowance for credit losses represents management’s estimate of probable losses which have occurred as of the date of the consolidated financial statements. The loan and lease portfolio and other lending-related credit exposures are regularly reviewed to evaluate the level of the allowance for credit losses. In determining an appropriate allowance level, Northern Trust evaluates the allowance necessary for impaired loans and lending-related commitments and also estimates losses inherent in other lending-related credit exposures. The allowance for credit losses consists of the following components: Specific Allowance. The specific allowance is determined through an individual evaluation of loans and lending-related commitments considered impaired that is based on expected future cash flows, the value of collateral, and other factors that may impact the borrower’s ability to pay. For impaired loans where the amount of specific allowance, if any, is determined based on the value of the underlying real estate collateral, third-party appraisals are typically obtained and utilized by management. These appraisals are generally less than twelve months old and are subject to adjustments to reflect management’s judgment as to the realizable value of the collateral. Inherent Allowance. The inherent allowance estimation methodology is based on internally developed loss data specific to the Northern Trust loan and lease portfolio. The estimation methodology and the related qualitative adjustment framework segregate the loan and lease portfolio into homogeneous segments. For each segment, the probability of default and the loss given default are applied to the total exposure at default to determine a quantitative inherent allowance. The quantitative inherent allowance is then reviewed within the qualitative adjustment framework, where management applies judgment by assessing internal risk factors, potential limitations in the quantitative methodology and environmental factors that are not fully contemplated in the quantitative methodology to compute an adjustment to the quantitative inherent allowance for each segment of the loan portfolio. The results of the inherent allowance estimation methodology are reviewed quarterly by Northern Trust’s Loan Loss Reserve Committee, which includes representatives from Credit Risk Management, reporting segment management, and Corporate Finance. Loans, leases, and other extensions of credit deemed uncollectible are charged to the allowance for credit losses. Subsequent recoveries, if any, are credited to the allowance. Northern Trust’s policies relative to the charging-off of uncollectible loans and leases are consistent across both loan and lease segments. Determinations as to whether loan balances for which the collectability is in question are charged-off or a specific reserve is established are based on management’s assessment as to the level of certainty regarding the amount of loss. The provision for credit losses, which is charged to income, is the amount necessary to adjust the allowance for credit losses to the level determined to be appropriate through the above processes. Actual losses may vary from current estimates and the amount of the provision for credit losses may be either greater or less than actual net charge-offs. Northern Trust analyzes its exposure to credit losses from both on-balance-sheet and off-balance-sheet activity using a consistent methodology. For purposes of estimating the allowance for credit losses for undrawn loan commitments and standby letters of credit, the exposure at default includes an estimated drawdown of unused credit based on a credit conversion factor. The proportionate amount of the quantitative methodology calculation after any required adjustment in the qualitative framework results in the required allowance for undrawn loan commitments and standby letters of credit as of the reporting date. The portion of the allowance assigned to loans and leases is reported as a contra asset, directly following loans and leases in the consolidated balance sheets. The portion of the allowance assigned to undrawn loan commitments and standby letters of credit is reported in Other Liabilities in the consolidated balance sheets. J. Standby Letters of Credit. Fees on standby letters of credit are recognized in other operating income using the straight-line method over the lives of the underlying agreements. Northern Trust’s recorded other liability for standby letters of credit, reflecting the obligation it has undertaken, is measured as the amount of unamortized fees on these instruments. K. Buildings and Equipment. Buildings and equipment owned are carried at original cost less accumulated depreciation. The charge for depreciation is computed using the straight-line method based on the following range of lives: buildings – up to 30 years ; equipment – 3 to 10 years ; and leasehold improvements – the shorter of the lease term or 15 years . Leased properties meeting certain criteria are capitalized and amortized using the straight-line method over the lease period. L. Other Real Estate Owned (OREO) . OREO is comprised of commercial and residential real estate properties acquired in partial or total satisfaction of loans. OREO assets are carried at the lower of cost or fair value less estimated costs to sell and are recorded in Other Assets on the consolidated balance sheets. Fair value is typically based on third-party appraisals. Appraisals of OREO properties are updated on an annual basis and are subject to adjustments to reflect management’s judgment as to the realizable value of the properties. Losses identified during the 90-day period after the acquisition of such properties are charged against the allowance for credit losses assigned to loans and leases. Subsequent write-downs that may be required to the carrying value of these assets and gains or losses realized from asset sales are recorded within other operating expense. M. Goodwill and Other Intangible Assets. Goodwill is not subject to amortization. Separately identifiable acquired intangible assets with finite lives are amortized over their estimated useful lives, primarily on a straight-line basis. Purchased software, software licenses, and allowable internal costs, including compensation relating to software developed for internal use, are capitalized. Software is amortized using the straight-line method over the estimated useful lives of the assets, generally ranging from 3 to 10 years . Fees paid for the use of software licenses that are not hosted by Northern Trust are expensed as incurred. Goodwill and other intangible assets are reviewed for impairment on an annual basis or more frequently if events or changes in circumstances indicate the carrying amounts may not be recoverable. N. Trust, Investment and Other Servicing Fees. Trust, investment and other servicing fees are recorded on an accrual basis, over the period in which the service is provided. Fees are primarily a function of the market value of assets custodied, managed and serviced, transaction volumes, and securities lending volume and spreads, as set forth in the underlying client agreement. This revenue recognition involves the use of estimates and assumptions, including components that are calculated based on estimated asset valuations and transaction volumes. O. Client Security Settlement Receivables. These receivables result from custody client withdrawals from short-term investment funds that settle on the following business day as well as custody client security sales executed under contractual settlement date accounting that have not yet settled. Northern Trust advances cash to the client on the date of either client withdrawal or trade execution and awaits collection from either the short-term investment funds or via the settled trade. P. Income Taxes. Northern Trust follows an asset and liability approach to account for income taxes. The objective is to recognize the amount of taxes payable or refundable for the current year, and to recognize deferred tax assets and liabilities resulting from temporary differences between the amounts reported in the financial statements and the tax bases of assets and liabilities. The measurement of tax assets and liabilities is based on enacted tax laws and applicable tax rates. Tax positions taken or expected to be taken on a tax return are evaluated based on their likelihood of being sustained upon examination by tax authorities. Only tax positions that are considered more-likely-than-not to be sustained are recorded in the consolidated financial statements. A valuation allowance is established for deferred tax assets if it is more-likely-than-not that all or a portion will not be realized. Northern Trust recognizes any interest and penalties related to unrecognized tax benefits in the provision for income taxes. Q. Cash Flow Statements. Cash and cash equivalents have been defined as “Cash and Due from Banks”. R. Pension and Other Postretirement Benefits. Northern Trust records the funded status of its defined benefit pension and other postretirement plans on the consolidated balance sheets. Funded pension and postretirement benefits are reported in Other Assets and unfunded pension and postretirement benefits are reported in Other Liabilities. Plan assets and b

Recent Accounting Pronouncement

Recent Accounting Pronouncements	12 Months Ended
	Dec. 31, 2019
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements On January 1, 2019, Northern Trust adopted ASU No. 2016-02, “Leases (Topic 842)" (ASU 2016-02). ASU 2016-02 introduces a lessee model that brings most leases on the balance sheet, with certain specified scope exceptions. Specifically within the lessee model under ASU 2016-02, a lessee is required to recognize on the balance sheet a liability to make future lease payments, known as the lease liability, and a right-of-use asset (ROU asset) representing its right to use the underlying asset over the lease term. Upon adoption, Northern Trust elected the package of practical expedients available under ASU 2016-02, which allowed Northern Trust to forego a reassessment of (1) whether any expired or existing contracts are or contain leases, (2) lease classification for any expired or existing leases, and (3) the initial direct costs for any existing leases. As a result of adopting ASU 2016-02, Northern Trust recognized operating lease liabilities and ROU assets of approximately $530 million and $480 million , respectively. Northern Trust did not restate comparative periods for the effects of applying ASU 2016-02. There was no significant impact to Northern Trust’s consolidated results of operations. Please refer to Note 10, “Lease Commitments” for further information. On January 1, 2019, Northern Trust adopted ASU No. 2017-08, “Receivables-Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Securities” (ASU 2017-08). ASU 2017-08 amends the amortization period for certain callable debt securities held at a premium and shortens the amortization period for the premium to the earliest call date. Upon adoption of ASU 2017-08, there was no significant impact to Northern Trust’s consolidated financial condition or results of operations. On January 1, 2019, Northern Trust adopted ASU No. 2018-16, “Derivatives and Hedging (Topic 815): Inclusion of the Secured Overnight Financing Rate (SOFR) Overnight Index Swap (OIS) Rate as a Benchmark Interest Rate for Hedge Accounting Purposes” (ASU 2018-16). ASU 2018-16 permits use of the OIS rate based on SOFR as a U.S. benchmark interest rate for hedge accounting purposes under Topic 815. Upon adoption of ASU 2018-16, there was no significant impact to Northern Trust’s consolidated financial condition or results of operations.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Fair value under GAAP is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants on the measurement date. Fair Value Hierarchy. The following describes the hierarchy of valuation inputs (Levels 1, 2, and 3) used to measure fair value and the primary valuation methodologies used by Northern Trust for financial instruments measured at fair value on a recurring basis. Observable inputs reflect market data obtained from sources independent of the reporting entity; unobservable inputs reflect the entity’s own assumptions about how market participants would value an asset or liability based on the best information available. GAAP requires an entity measuring fair value to maximize the use of observable inputs and minimize the use of unobservable inputs and establishes a fair value hierarchy of inputs. Financial instruments are categorized within the hierarchy based on the lowest level input that is significant to their valuation. Northern Trust’s policy is to recognize transfers into and transfers out of fair value levels as of the end of the reporting period in which the transfer occurred. No transfers between fair value levels occurred during the years ended December 31, 2019 , or 2018 . Level 1 – Quoted, active market prices for identical assets or liabilities. Northern Trust’s Level 1 assets are comprised of available for sale investments in U.S. treasury securities. Level 2 – Observable inputs other than Level 1 prices, such as quoted active market prices for similar assets or liabilities, quoted prices for identical or similar assets in inactive markets, and model-derived valuations in which all significant inputs are observable in active markets. Northern Trust’s Level 2 assets include available for sale and trading account debt securities, the fair values of which are determined predominantly by external pricing vendors. Prices received from vendors are compared to other vendor and third-party prices. If a security price obtained from a pricing vendor is determined to exceed pre-determined tolerance levels that are assigned based on an asset type’s characteristics, the exception is researched and, if the price is not able to be validated, an alternate pricing vendor is utilized, consistent with Northern Trust’s pricing source hierarchy. As of December 31, 2019 , Northern Trust’s available for sale debt securities portfolio included 1,704 Level 2 securities with an aggregate market value of $34.3 billion . All 1,704 debt securities were valued by external pricing vendors. As of December 31, 2018 , Northern Trust’s available for sale debt securities portfolio included 1,479 Level 2 debt securities with an aggregate market value of $31.7 billion . All 1,479 debt securities were valued by external pricing vendors. Trading account debt securities, which totaled $0.3 million as of December 31, 2019 and 2018 , were all valued using external pricing vendors. Northern Trust has established processes and procedures to assess the suitability of valuation methodologies used by external pricing vendors, including reviews of valuation techniques and assumptions used for selected securities. On a daily basis, periodic quality control reviews of prices received from vendors are conducted which include comparisons to prices on similar security types received from multiple pricing vendors and to the previous day’s reported prices for each security. Predetermined tolerance level exceptions are researched and may result in additional validation through available market information or the use of an alternate pricing vendor. Quarterly, Northern Trust reviews documentation from third-party pricing vendors regarding the valuation processes and assumptions used in their valuations and assesses whether the fair value levels assigned by Northern Trust to each security classification are appropriate. Annually, valuation inputs used within third-party pricing vendor valuations are reviewed for propriety on a sample basis through a comparison of inputs used to comparable market data, including security classifications that are less actively traded and security classifications comprising significant portions of the portfolio. Level 2 assets and liabilities also include derivative contracts which are valued internally using widely accepted income-based models that incorporate inputs readily observable in actively quoted markets and reflect the contractual terms of the contracts. Observable inputs include foreign exchange rates and interest rates for foreign exchange contracts; credit spreads, default probabilities, and recovery rates for credit default swap contracts; interest rates for interest rate swap contracts and forward contracts; and interest rates and volatility inputs for interest rate option contracts. Northern Trust evaluates the impact of counterparty credit risk and its own credit risk on the valuation of its derivative instruments. Factors considered include the likelihood of default by Northern Trust and its counterparties, the remaining maturities of the instruments, net exposures after giving effect to master netting arrangements or similar agreements, available collateral, and other credit enhancements in determining the appropriate fair value of derivative instruments. The resulting valuation adjustments have not been considered material. Level 3 – Valuation techniques in which one or more significant inputs are unobservable in the marketplace. Northern Trust’s Level 3 liabilities consist of swaps that Northern Trust entered into with the purchaser of 1.1 million and 1.0 million shares of Visa Inc. Class B common stock (Visa Class B common shares) previously held by Northern Trust and sold in June 2016 and 2015, respectively. Pursuant to the swaps, Northern Trust retains the risks associated with the ultimate conversion of the Visa Class B common shares into shares of Visa Inc. Class A common stock (Visa Class A common shares), such that the counterparty will be compensated for any dilutive adjustments to the conversion ratio and Northern Trust will be compensated for any anti-dilutive adjustments to the ratio. The swap also requires periodic payments from Northern Trust to the counterparty calculated by reference to the market price of Visa Class A common shares and a fixed rate of interest. The fair value of the swap is determined using a discounted cash flow methodology. The significant unobservable inputs used in the fair value measurement are Northern Trust’s own assumptions about estimated changes in the conversion rate of the Visa Class B common shares into Visa Class A common shares, the date on which such conversion is expected to occur and the estimated growth rate of the Visa Class A common share price. See “Visa Class B Common Shares” under Note 26, “Contingent Liabilities,” for further information. Northern Trust believes its valuation methods for its assets and liabilities carried at fair value are appropriate; however, the use of different methodologies or assumptions, particularly as applied to Level 3 assets and liabilities, could have a material effect on the computation of their estimated fair values. Management of various businesses and departments of Northern Trust (including Corporate Market Risk, Credit Risk Management, Corporate Finance, C&IS and Wealth Management) reviews valuation methods and models for Level 3 assets and liabilities. Fair value measurements are performed upon acquisitions of an asset or liability. Management of the appropriate business or department reviews assumed inputs, especially when unobservable in the marketplace, in order to substantiate their use in each fair value measurement. When appropriate, management reviews forecasts used in the valuation process in light of other relevant financial projections to understand any variances between current and previous fair value measurements. In certain circumstances, third party information is used to support the fair value measurements. If certain third party information seems inconsistent with consensus views, a review of the information is performed by management of the respective business or department to determine the appropriate fair value of the asset or liability. The following table presents the fair values of Northern Trust’s Level 3 liabilities as of December 31, 2019 and 2018 , as well as the valuation techniques, significant unobservable inputs, and quantitative information used to develop significant unobservable inputs for such liabilities as of such dates. TABLE 60: LEVEL 3 SIGNIFICANT UNOBSERVABLE INPUTS DECEMBER 31, 2019 FINANCIAL INSTRUMENT FAIR VALUE VALUATION TECHNIQUE UNOBSERVABLE INPUT INPUT VALUE Swaps Related to Sale of Certain Visa Class B Common Shares $ 33.4 million Discounted Cash Flow Conversion Rate 1.62x Visa Class A Appreciation 8.54% RANGE OF INPUTS Expected Duration 1.0 – 3.0 years DECEMBER 31, 2018 FINANCIAL INSTRUMENT FAIR VALUE VALUATION TECHNIQUE UNOBSERVABLE INPUT RANGE OF INPUTS Swaps Related to Sale of Certain Visa Class B Common Shares $ 32.8 million Discounted Cash Flow Conversion Rate 1.62x – 1.64x Visa Class A Appreciation 7.0 % – 11.0% Expected Duration 1.5 – 4.0 years The following presents assets and liabilities measured at fair value on a recurring basis as of December 31, 2019 and 2018 , segregated by fair value hierarchy level. TABLE 61: RECURRING BASIS HIERARCHY LEVELING DECEMBER 31, 2019 (In Millions) LEVEL 1 LEVEL 2 LEVEL 3 NETTING ASSETS/ Debt Securities Available for Sale U.S. Government $ 4,549.1 $ — $ — $ — $ 4,549.1 Obligations of States and Political Subdivisions — 1,615.3 — — 1,615.3 Government Sponsored Agency — 23,271.2 — — 23,271.2 Non-U.S. Government — 3.3 — — 3.3 Corporate Debt — 2,402.7 — — 2,402.7 Covered Bonds — 769.9 — — 769.9 Sub-Sovereign, Supranational and Non-U.S. Agency Bonds — 2,127.6 — — 2,127.6 Other Asset-Backed — 3,330.5 — — 3,330.5 Commercial Mortgage-Backed — 797.7 — — 797.7 Other — 9.0 — — 9.0 Total Available for Sale 4,549.1 34,327.2 — — 38,876.3 Trading Account — 0.3 — — 0.3 Total Available for Sale and Trading Debt Securities 4,549.1 34,327.5 — — 38,876.6 Other Assets Derivative Assets Foreign Exchange Contracts — 3,234.8 — (2,334.1 ) 900.7 Interest Rate Contracts — 152.9 — (3.9 ) 149.0 Total Derivative Assets — 3,387.7 — (2,338.0 ) 1,049.7 Other Liabilities Derivative Liabilities Foreign Exchange Contracts — 3,182.2 — (1,548.6 ) 1,633.6 Interest Rate Contracts — 97.4 — (57.3 ) 40.1 Other Financial Derivatives (1) — — 33.4 (12.5 ) 20.9 Total Derivative Liabilities $ — $ 3,279.6 $ 33.4 $ (1,618.4 ) $ 1,694.6 Note: Northern Trust has elected to net derivative assets and liabilities when legally enforceable master netting arrangements or similar agreements exist between Northern Trust and the counterparty. As of December 31, 2019 , derivative assets and liabilities shown above also include reductions of $1,136.8 million and $417.2 million , respectively, as a result of cash collateral received from and deposited with derivative counterparties. (1) This line consists of swaps related to the sale of certain Visa Class B common shares. DECEMBER 31, 2018 (In Millions) LEVEL 1 LEVEL 2 LEVEL 3 NETTING ASSETS/ Debt Securities Available for Sale U.S. Government $ 5,185.3 $ — $ — $ — $ 5,185.3 Obligations of States and Political Subdivisions — 655.9 — — 655.9 Government Sponsored Agency — 22,424.6 — — 22,424.6 Non-U.S. Government — 142.2 — — 142.2 Corporate Debt — 2,294.7 — — 2,294.7 Covered Bonds — 829.3 — — 829.3 Sub-Sovereign, Supranational and Non-U.S. Agency Bonds — 2,096.2 — — 2,096.2 Other Asset-Backed — 2,657.7 — — 2,657.7 Commercial Mortgage Backed — 587.2 — — 587.2 Other — 15.7 — — 15.7 Total Available for Sale 5,185.3 31,703.5 — — 36,888.8 Trading Account — 0.3 — — 0.3 Total Available for Sale and Trading Debt Securities 5,185.3 31,703.8 — — 36,889.1 Other Assets Derivative Assets Foreign Exchange Contracts — 2,466.1 — (1,308.8 ) 1,157.3 Interest Rate Contracts — 96.1 — (47.0 ) 49.1 Other Financial Derivative (1) — 1.3 — (1.3 ) — Total Derivatives Assets — 2,563.5 — (1,357.1 ) 1,206.4 Other Liabilities Derivative Liabilities Foreign Exchange Contracts — 2,262.5 — (1,751.7 ) 510.8 Interest Rate Contracts — 93.1 — (43.4 ) 49.7 Other Financial Derivative (2) — — 32.8 (1.2 ) 31.6 Total Derivative Liabilities $ — $ 2,355.6 $ 32.8 $ (1,796.3 ) $ 592.1 Note: Northern Trust has elected to net derivative assets and liabilities when legally enforceable master netting arrangements or similar agreements exist between Northern Trust and the counterparty. As of December 31, 2018 , derivative assets and liabilities shown above also include reductions of $134.5 million and $573.7 million , respectively, as a result of cash collateral received from and deposited with derivative counterparties. (1) This line consists of a total return swap contract. (2) This line consists of swaps related to the sale of certain Visa Class B common shares. The following table presents the changes in Level 3 liabilities for the years ended December 31, 2019 and 2018 . TABLE 62: CHANGES IN LEVEL 3 LIABILITIES LEVEL 3 LIABILITIES SWAPS RELATED TO SALE OF CERTAIN VISA CLASS B COMMON SHARES (In Millions) 2019 2018 Fair Value at January 1 $ 32.8 $ 29.7 Total (Gains) Losses: Included in Earnings (1) 17.1 19.8 Purchases, Issues, Sales, and Settlements Settlements (16.5 ) (16.7 ) Fair Value at December 31 $ 33.4 $ 32.8 Unrealized (Gains) Losses Included in Earnings Related to Financial Instruments Held at December 31 (1) $ 12.3 $ 13.3 (1) Gains (losses) are recorded in other operating income within the consolidated statements of income. For the years ended December 31, 2019 and 2018 , there were no liabilities transferred into or out of Level 3. Carrying values of assets and liabilities that are not measured at fair value on a recurring basis may be adjusted to fair value in periods subsequent to their initial recognition, for example, to record an impairment of an asset. GAAP requires entities to separately disclose these subsequent fair value measurements and to classify them under the fair value hierarchy. Assets measured at fair value on a nonrecurring basis at December 31, 2019 and 2018 , all of which were categorized as Level 3 under the fair value hierarchy, were comprised of impaired loans whose values were based on real estate and other available collateral, and of OREO properties. Fair values of real estate loan collateral were estimated using a market approach typically supported by third-party valuations and property-specific fees and taxes, and were subject to adjustments to reflect management’s judgment as to realizable value. Other loan collateral, which typically consists of accounts receivable, inventory and equipment, is valued using a market approach adjusted for asset specific characteristics and in limited instances third-party valuations are used. Collateral-based impaired loans that have been adjusted to fair value totaled $8.0 million at December 31, 2019 . Collateral-based impaired loans and OREO assets that have been adjusted to fair value totaled $24.9 million and $0.4 million , respectively, at December 31, 2018 . Assets measured at fair value on a nonrecurring basis reflect management’s judgment as to realizable value. The following table presents the fair values of Northern Trust’s Level 3 assets that were measured at fair value on a nonrecurring basis as of December 31, 2019 and 2018 , as well as the valuation technique, significant unobservable inputs, and quantitative information used to develop the significant unobservable inputs for such assets as of such dates. TABLE 63: LEVEL 3 NONRECURRING BASIS SIGNIFICANT UNOBSERVABLE INPUTS DECEMBER 31, 2019 FINANCIAL INSTRUMENT FAIR VALUE VALUATION TECHNIQUE UNOBSERVABLE INPUT RANGE OF DISCOUNTS APPLIED Loans $8.0 million Market Approach Discount to reflect realizable value 15.0% – 30.0% DECEMBER 31, 2018 FINANCIAL INSTRUMENT FAIR VALUE VALUATION TECHNIQUE UNOBSERVABLE INPUT RANGE OF DISCOUNTS APPLIED Loans $24.9 million Market Approach Discount to reflect realizable value 15.0% – 30.0% OREO $0.4 million Market Approach Discount to reflect realizable value 15.0% – 30.0% The following tables summarize the fair values of all financial instruments. TABLE 64: FAIR VALUE OF FINANCIAL INSTRUMENTS DECEMBER 31, 2019 FAIR VALUE (In Millions) BOOK VALUE TOTAL LEVEL 1 LEVEL 2 LEVEL 3 ASSETS Cash and Due from Banks $ 4,459.2 $ 4,459.2 $ 4,459.2 $ — $ — Federal Reserve and Other Central Bank Deposits 33,886.0 33,886.0 — 33,886.0 — Interest-Bearing Deposits with Banks 4,877.1 4,877.1 — 4,877.1 — Federal Funds Sold and Securities Purchased under Agreements to Resell 712.8 712.8 — 712.8 — Debt Securities Available for Sale (1) 38,876.3 38,876.3 4,549.1 34,327.2 — Held to Maturity 12,284.5 12,249.3 138.8 12,110.5 — Trading Account 0.3 0.3 — 0.3 — Loans (excluding Leases) Held for Investment 31,239.5 31,517.8 — — 31,517.8 Client Security Settlement Receivables 845.7 845.7 — 845.7 — Other Assets Federal Reserve and Federal Home Loan Bank Stock 301.2 301.2 — 301.2 — Community Development Investments 749.3 749.3 — 749.3 — Employee Benefit and Deferred Compensation 199.5 207.6 131.0 76.6 — LIABILITIES Deposits Demand, Noninterest-Bearing, Savings, Money Market and Other Interest-Bearing $ 47,733.6 $ 47,733.6 $ 47,733.6 $ — $ — Savings Certificates and Other Time 986.7 994.2 — 994.2 — Non U.S. Offices Interest-Bearing 60,400.3 60,400.3 — 60,400.3 — Federal Funds Purchased 552.9 552.9 — 552.9 — Securities Sold Under Agreements to Repurchase 489.7 489.7 — 489.7 — Other Borrowings 6,744.8 6,745.9 — 6,745.9 — Senior Notes 2,573.0 2,593.0 — 2,593.0 — Long-Term Debt Subordinated Debt 1,148.1 1,169.5 — 1,169.5 — Floating Rate Capital Debt 277.7 262.1 — 262.1 — Other Liabilities Standby Letters of Credit 25.5 25.5 — — 25.5 Loan Commitments 32.3 32.3 — — 32.3 DERIVATIVE INSTRUMENTS Asset/Liability Management Foreign Exchange Contracts Assets $ 83.1 $ 83.1 $ — $ 83.1 $ — Liabilities 24.1 24.1 — 24.1 — Interest Rate Contracts Assets 20.5 20.5 — 20.5 — Liabilities 21.1 21.1 — 21.1 — Other Financial Derivatives Liabilities (2) 33.4 33.4 — — 33.4 Client-Related and Trading Foreign Exchange Contracts Assets 3,151.7 3,151.7 — 3,151.7 — Liabilities 3,158.1 3,158.1 — 3,158.1 — Interest Rate Contracts Assets 132.4 132.4 — 132.4 — Liabilities 76.3 76.3 — 76.3 — (1) Refer to the table located on page 107 for the disaggregation of available for sale debt securities. (2) This line consists of swaps related to the sale of certain Visa Class B common shares. DECEMBER 31, 2018 FAIR VALUE (In Millions) BOOK VALUE TOTAL LEVEL 1 LEVEL 2 LEVEL 3 ASSETS Cash and Due from Banks $ 4,581.6 $ 4,581.6 $ 4,581.6 $ — $ — Federal Reserve and Other Central Bank Deposits 30,080.2 30,080.2 — 30,080.2 — Interest-Bearing Deposits with Banks 4,264.2 4,264.2 — 4,264.2 — Federal Funds Sold and Securities Purchased under Agreements to Resell 1,165.2 1,165.2 — 1,165.2 — Debt Securities Available for Sale (1) 36,888.8 36,888.8 5,185.3 31,703.5 — Held to Maturity 14,354.0 14,267.0 101.6 14,165.4 — Trading Account 0.3 0.3 — 0.3 — Loans (excluding Leases) Held for Investment 32,287.0 32,339.2 — — 32,339.2 Client Security Settlement Receivables 1,646.1 1,646.1 — 1,646.1 — Other Assets Federal Reserve and Federal Home Loan Bank Stock 300.3 300.3 — 300.3 — Community Development Investments 606.6 606.6 — 606.6 — Employee Benefit and Deferred Compensation 202.3 194.5 125.0 69.5 — LIABILITIES Deposits Demand, Noninterest-Bearing, Savings, Money Market and Other Interest-Bearing $ 37,340.1 $ 37,340.1 $ 37,340.1 $ — $ — Savings Certificates and Other Time 688.7 691.8 — 691.8 — Non U.S. Offices Interest-Bearing 66,468.0 66,468.0 — 66,468.0 — Federal Funds Purchased 2,594.2 2,594.2 — 2,594.2 — Securities Sold Under Agreements to Repurchase 168.3 168.3 — 168.3 — Other Borrowings 7,901.7 7,904.1 — 7,904.1 — Senior Notes 2,011.3 1,994.4 — 1,994.4 — Long-Term Debt Subordinated Debt 1,112.4 1,089.7 — 1,089.7 — Floating Rate Capital Debt 277.6 253.5 — 253.5 — Other Liabilities Standby Letters of Credit 30.8 30.8 — — 30.8 Loan Commitments 34.3 34.3 — — 34.3 DERIVATIVE INSTRUMENTS Asset/Liability Management Foreign Exchange Contracts Assets $ 306.7 $ 306.7 $ — $ 306.7 $ — Liabilities 72.5 72.5 — 72.5 — Interest Rate Contracts Assets 30.0 30.0 — 30.0 — Liabilities 24.5 24.5 — 24.5 — Other Financial Derivatives Assets (2) 1.3 1.3 — 1.3 — Liabilities (3) 32.8 32.8 — — 32.8 Client-Related and Trading Foreign Exchange Contracts Assets 2,159.4 2,159.4 — 2,159.4 — Liabilities 2,190.0 2,190.0 — 2,190.0 — Interest Rate Contracts Assets 66.1 66.1 — 66.1 — Liabilities 68.6 68.6 — 68.6 — (1) Refer to the table located on page 108 for the disaggregation of available for sale debt securities. (2) This line consists of a total return swap contract. (3) This line consists of swaps related to the sale of certain Visa Class B common shares.

Securities

Securities	12 Months Ended
	Dec. 31, 2019
Investments, Debt and Equity Securities [Abstract]
Securities	Securities Debt Securities Available for Sale. The following tables provide the amortized cost, fair values, and remaining maturities of debt securities available for sale. TABLE 65: RECONCILIATION OF AMORTIZED COST TO FAIR VALUE OF DEBT SECURITIES AVAILABLE FOR SALE DECEMBER 31, 2019 (In Millions) AMORTIZED COST GROSS UNREALIZED GAINS GROSS UNREALIZED LOSSES FAIR VALUE U.S. Government $ 4,527.5 $ 26.7 $ 5.1 $ 4,549.1 Obligations of States and Political Subdivisions 1,604.0 24.6 13.3 1,615.3 Government Sponsored Agency 23,247.5 101.8 78.1 23,271.2 Non-U.S. Government 3.3 — — 3.3 Corporate Debt 2,378.9 27.8 4.0 2,402.7 Covered Bonds 766.3 4.4 0.8 769.9 Sub-Sovereign, Supranational and Non-U.S. Agency Bonds 2,091.3 37.4 1.1 2,127.6 Other Asset-Backed 3,324.5 11.3 5.3 3,330.5 Commercial Mortgage-Backed 769.9 28.7 0.9 797.7 Other 9.0 — — 9.0 Total $ 38,722.2 $ 262.7 $ 108.6 $ 38,876.3 DECEMBER 31, 2018 (In Millions) AMORTIZED COST GROSS UNREALIZED GAINS GROSS UNREALIZED LOSSES FAIR VALUE U.S. Government $ 5,203.1 $ 21.8 $ 39.6 $ 5,185.3 Obligations of States and Political Subdivisions 657.6 2.0 3.7 655.9 Government Sponsored Agency 22,522.7 52.4 150.5 22,424.6 Non-U.S. Government 143.3 — 1.1 142.2 Corporate Debt 2,312.6 3.2 21.1 2,294.7 Covered Bonds 832.7 1.4 4.8 829.3 Sub-Sovereign, Supranational and Non-U.S. Agency Bonds 2,087.8 11.9 3.5 2,096.2 Other Asset-Backed 2,678.9 1.7 22.9 2,657.7 Commercial Mortgage-Backed 587.4 4.0 4.2 587.2 Other 15.7 — — 15.7 Total $ 37,041.8 $ 98.4 $ 251.4 $ 36,888.8 TABLE 66: REMAINING MATURITY OF DEBT SECURITIES AVAILABLE FOR SALE DECEMBER 31, 2019 ONE YEAR OR LESS ONE TO FIVE YEARS FIVE TO TEN YEARS OVER TEN YEARS TOTAL (In Millions) Amortized Cost Fair Value Amortized Cost Fair Value Amortized Cost Fair Value Amortized Cost Fair Value Amortized Cost Fair Value U.S. Government $ 1,899.0 $ 1,898.4 $ 2,075.9 $ 2,098.3 $ 552.6 $ 552.4 $ — $ — $ 4,527.5 $ 4,549.1 Obligations of States and Political Subdivisions 80.0 80.1 83.0 85.4 1,441.0 1,449.8 — — 1,604.0 1,615.3 Government Sponsored Agency 4,994.1 5,005.0 9,714.1 9,728.8 5,870.0 5,869.4 2,669.3 2,668.0 23,247.5 23,271.2 Non-U.S. Government — — 3.3 3.3 — — — — 3.3 3.3 Corporate Debt 341.8 341.7 1,981.5 2,005.5 55.6 55.5 — — 2,378.9 2,402.7 Covered Bonds 281.0 281.6 485.3 488.3 — — — — 766.3 769.9 Sub-Sovereign, Supranational and Non-U.S. Agency Bonds 333.9 334.6 1,707.4 1,743.1 50.0 49.9 — — 2,091.3 2,127.6 Other Asset-Backed 885.1 885.3 1,977.3 1,984.8 452.8 451.1 9.3 9.3 3,324.5 3,330.5 Commercial Mortgage-Backed 46.6 46.4 167.9 174.2 555.4 577.1 — — 769.9 797.7 Other 9.0 9.0 — — — — — — 9.0 9.0 Total $ 8,870.5 $ 8,882.1 $ 18,195.7 $ 18,311.7 $ 8,977.4 $ 9,005.2 $ 2,678.6 $ 2,677.3 $ 38,722.2 $ 38,876.3 Note: Mortgage-backed and asset-backed securities are included in the above table taking into account anticipated future prepayments. Debt Securities Held to Maturity. The following tables provide the amortized cost, fair values and remaining maturities of debt securities held to maturity. TABLE 67: RECONCILIATION OF AMORTIZED COST TO FAIR VALUES OF DEBT SECURITIES HELD TO MATURITY DECEMBER 31, 2019 (In Millions) AMORTIZED COST GROSS UNREALIZED GAINS GROSS UNREALIZED LOSSES FAIR VALUE U.S. Government $ 138.8 $ — $ — $ 138.8 Obligations of States and Political Subdivisions 10.1 0.2 — 10.3 Government Sponsored Agency 4.1 0.2 — 4.3 Non-U.S. Government 4,076.0 5.3 2.5 4,078.8 Corporate Debt 405.1 1.4 0.3 406.2 Covered Bonds 3,006.7 16.1 2.4 3,020.4 Certificates of Deposit 262.9 — — 262.9 Sub-Sovereign, Supranational and Non-U.S. Agency Bonds 3,285.4 21.7 2.1 3,305.0 Other Asset-Backed 804.3 0.7 0.3 804.7 Other 291.1 0.1 73.3 217.9 Total $ 12,284.5 $ 45.7 $ 80.9 $ 12,249.3 DECEMBER 31, 2018 (In Millions) AMORTIZED COST GROSS UNREALIZED GAINS GROSS UNREALIZED LOSSES FAIR VALUE U.S. Government $ 101.6 $ — $ — $ 101.6 Obligations of States and Political Subdivisions 18.9 0.6 — 19.5 Government Sponsored Agency 4.5 0.2 — 4.7 Non-U.S. Government 6,488.2 2.1 8.7 6,481.6 Corporate Debt 472.9 0.4 1.8 471.5 Covered Bonds 2,877.6 9.6 9.3 2,877.9 Certificates of Deposit 45.1 — — 45.1 Sub-Sovereign, Supranational and Non-U.S. Agency Bonds 2,966.8 5.8 12.3 2,960.3 Other Asset-Backed 1,146.4 — 4.0 1,142.4 Other 232.0 — 69.6 162.4 Total $ 14,354.0 $ 18.7 $ 105.7 $ 14,267.0 TABLE 68: REMAINING MATURITY OF DEBT SECURITIES HELD TO MATURITY December 31, 2019 ONE YEAR OR LESS ONE TO FIVE YEARS FIVE TO TEN YEARS OVER TEN YEARS TOTAL (In Millions) Amortized Cost Fair Value Amortized Cost Fair Value Amortized Cost Fair Value Amortized Cost Fair Value Amortized Cost Fair Value U.S. Government $ 138.8 $ 138.8 $ — $ — $ — $ — $ — $ — $ 138.8 $ 138.8 Obligations of States and Political Subdivisions 8.1 8.2 2.0 2.1 — — — — 10.1 10.3 Government Sponsored Agency 0.6 0.6 1.7 1.8 1.2 1.2 0.6 0.7 4.1 4.3 Non-U.S. Government 2,757.9 2,757.8 1,318.1 1,321.0 — — — — 4,076.0 4,078.8 Corporate Debt 45.9 46.2 359.2 360.0 — — — — 405.1 406.2 Covered Bonds 599.8 601.6 2,406.9 2,418.8 — — — — 3,006.7 3,020.4 Certificates of Deposit 262.9 262.9 — — — — — — 262.9 262.9 Sub-Sovereign, Supranational and Non-U.S. Agency Bonds 577.8 577.8 2,691.5 2,711.4 16.1 15.8 — — 3,285.4 3,305.0 Other Asset-Backed 151.9 152.0 398.3 398.7 254.1 254.0 — — 804.3 804.7 Other 10.6 10.5 132.0 119.3 45.9 39.7 102.6 48.4 291.1 217.9 Total $ 4,554.3 $ 4,556.4 $ 7,309.7 $ 7,333.1 $ 317.3 $ 310.7 $ 103.2 $ 49.1 $ 12,284.5 $ 12,249.3 Note: Mortgage-backed and asset-backed securities are included in the above table taking into account anticipated future prepayments. Debt securities held to maturity consist of securities that management intends to, and Northern Trust has the ability to, hold until maturity. During the twelve months ended December 31, 2019 and 2018 , approximately $160.8 million and $287.9 million respectively of securities reflected in Other Asset-Backed, Covered Bonds, Sub-Sovereign, Supranational and Non-U.S. Agency Bonds, and Corporate Debt were transferred from available for sale to held to maturity. Investment Security Gains and Losses. Proceeds of $1.2 billion , $307.3 million , and $2.2 billion in 2019 , 2018 , and 2017 , respectively, from the sale of debt securities resulted in the following gains and losses shown below. TABLE 69: INVESTMENT SECURITY GAINS AND LOSSES DECEMBER 31, (In Millions) 2019 2018 2017 Gross Realized Debt Securities Gains $ 2.4 $ 1.5 $ 0.2 Gross Realized Debt Securities Losses (3.5 ) (2.0 ) (1.6 ) Changes in Other-Than-Temporary Impairment Losses (1) (0.3 ) (0.5 ) (0.2 ) Net Investment Security (Losses)/Gains $ (1.4 ) $ (1.0 ) $ (1.6 ) (1) Other-than-temporary Impairment Losses relate to certain Community Reinvestment Act (CRA) eligible held to maturity debt securities Debt Securities with Unrealized Losses. The following table provides information regarding debt securities that had been in a continuous unrealized loss position for less than 12 months and for 12 months or longer as of December 31, 2019 and 2018 . TABLE 70: DEBT SECURITIES WITH UNREALIZED LOSSES AS OF DECEMBER 31, 2019 LESS THAN 12 MONTHS 12 MONTHS OR LONGER TOTAL (In Millions) FAIR VALUE UNREALIZED LOSSES FAIR VALUE UNREALIZED LOSSES FAIR VALUE UNREALIZED LOSSES U.S. Government $ 252.2 $ 2.7 $ 899.8 $ 2.4 $ 1,152.0 $ 5.1 Obligations of States and Political Subdivisions 902.5 13.3 — — 902.5 13.3 Government Sponsored Agency 5,405.0 35.6 7,818.4 42.5 13,223.4 78.1 Non-U.S. Government 3,620.2 2.5 — — 3,620.2 2.5 Corporate Debt 410.4 1.3 492.8 3.0 903.2 4.3 Covered Bonds 646.8 3.2 — — 646.8 3.2 Sub-Sovereign, Supranational and Non-U.S. Agency Bonds 1,302.0 3.1 155.2 0.1 1,457.2 3.2 Other Asset-Backed 706.9 2.1 1,164.9 3.5 1,871.8 5.6 Commercial Mortgage-Backed 62.8 0.7 59.3 0.2 122.1 0.9 Other 54.1 26.7 164.0 46.6 218.1 73.3 Total $ 13,362.9 $ 91.2 $ 10,754.4 $ 98.3 $ 24,117.3 $ 189.5 AS OF DECEMBER 31, 2018 LESS THAN 12 MONTHS 12 MONTHS OR LONGER TOTAL (In Millions) FAIR VALUE UNREALIZED LOSSES FAIR VALUE UNREALIZED LOSSES FAIR VALUE UNREALIZED LOSSES U.S. Government $ — $ — $ 2,862.0 $ 39.6 $ 2,862.0 $ 39.6 Obligations of States and Political Subdivisions 169.6 2.4 279.6 1.3 449.2 3.7 Government Sponsored Agency 8,368.8 33.5 6,822.4 117.0 15,191.2 150.5 Non-U.S. Government 5,065.2 0.8 1,274.0 9.0 6,339.2 9.8 Corporate Debt 712.7 4.1 1,097.4 18.8 1,810.1 22.9 Covered Bonds 646.4 3.7 696.9 10.4 1,343.3 14.1 Sub-Sovereign, Supranational and Non-U.S. Agency Bonds 1,105.0 4.6 1,189.2 11.2 2,294.2 15.8 Other Asset-Backed 2,507.8 15.9 954.9 11.0 3,462.7 26.9 Commercial Mortgage-Backed 22.8 0.1 274.4 4.1 297.2 4.2 Other 50.5 18.8 112.6 50.8 163.1 69.6 Total $ 18,648.8 $ 83.9 $ 15,563.4 $ 273.2 $ 34,212.2 $ 357.1 As of December 31, 2019 , 1,289 debt securities with a combined fair value of $24.1 billion were in an unrealized loss position, with their unrealized losses totaling $189.5 million . Unrealized losses of $78.1 million and $13.3 million related to government sponsored agency and obligations of states and political subdivisions, respectively, are primarily attributable to changes in market rates since their purchase. The majority of the $73.3 million of unrealized losses in debt securities classified as “other” at December 31, 2019 related to debt securities primarily purchased at a premium or par by Northern Trust to fulfill its obligations under the CRA. Unrealized losses on these CRA-related securities are attributable to yields that are below market rates for the purpose of supporting institutions and programs that benefit low- to moderate-income communities within Northern Trust’s market area. The remaining unrealized losses on Northern Trust’s securities portfolio as of December 31, 2019 were attributable to changes in overall market interest rates, increased credit spreads, or reduced market liquidity. As of December 31, 2019 , Northern Trust did not intend to sell any investment in an unrealized loss position and it was more likely than not that Northern Trust would not be required to sell any such investment before the recovery of its amortized cost basis, which may be maturity. Security impairment reviews are conducted quarterly to identify and evaluate securities that have indications of possible OTTI. A determination as to whether a security’s decline in market value is other-than-temporary takes into consideration numerous factors and the relative significance of any single factor can vary by security. Factors Northern Trust considers in determining whether impairment is other-than-temporary include, but are not limited to, the length of time the security has been impaired; the severity of the impairment; the cause of the impairment and the financial condition and near-term prospects of the issuer; activity in the market of the issuer which may indicate adverse credit conditions; Northern Trust’s intent regarding the sale of the security as of the balance sheet date; and the likelihood that it will not be required to sell the security for a period of time sufficient to allow for the recovery of the security’s amortized cost basis. For each security meeting the requirements of Northern Trust’s internal screening process, an extensive review is conducted to determine if OTTI has occurred. While all securities are considered, the process for identifying credit impairment within CRA-eligible mortgage-backed securities, a security type for which Northern Trust has recognized OTTI in 2019 and 2018 , incorporates an expected loss approach using discounted cash flows on the underlying collateral pools. To evaluate whether an unrealized loss on a CRA-eligible mortgage-backed security is other-than-temporary, a calculation of the security’s present value is made using current pool data, the current delinquency pipeline, default rates and loan loss severities based on the historical performance of the mortgage pools, and Northern Trust’s outlook for the housing market and the overall economy. If the present value of the collateral pools were found to be less than the current amortized cost of the security, a credit-related OTTI loss would be recorded in earnings equal to the difference between the two amounts. Impairments of CRA-eligible mortgage-backed securities are influenced by a number of factors, including but not limited to, U.S. economic and housing market performance, pool credit enhancement level, year of origination, and estimated credit quality of the collateral. The factors used in estimating losses related to CRA-eligible mortgage-backed securities vary by year of loan origination and collateral quality. There were $0.3 million and $0.5 million of OTTI losses recognized in 2019 and 2018 , respectively. There were $0.2 million OTTI losses recognized during the year ended December 31, 2017 . Credit Losses on Debt Securities. The table below provides information regarding total other-than-temporarily impaired debt securities, including noncredit-related amounts recognized in other comprehensive income and net impairment losses recognized in earnings, for the years ended December 31, 2019 , 2018 , and 2017 . TABLE 71: NET IMPAIRMENT LOSSES RECOGNIZED IN EARNINGS DECEMBER 31, (In Millions) 2019 2018 2017 Changes in Other-Than-Temporary Impairment Losses (1) $ (0.3 ) $ (0.5 ) $ (0.2 ) Noncredit-related Losses Recorded in / (Reclassified from) OCI (2) — — — Net Impairment Losses Recognized in Earnings $ (0.3 ) $ (0.5 ) $ (0.2 ) (1) For initial other-than-temporary impairments in the respective period, the balance includes the excess of the amortized cost over the fair value of the impaired securities. For subsequent impairments of the same security, the balance includes any additional changes in fair value of the security subsequent to its most recently recorded OTTI. (2) For initial other-than-temporary impairments in the respective period, the balance includes the portion of the excess of amortized cost over the fair value of the impaired securities that was recorded in OCI. For subsequent impairments of the same security, the balance includes additional changes in OCI for that security subsequent to its most recently recorded OTTI. Provided in the table below are the cumulative credit-related losses recognized in earnings on debt securities other-than-temporarily impaired. TABLE 72: CUMULATIVE CREDIT-RELATED LOSSES ON DEBT SECURITIES HELD YEAR ENDED DECEMBER 31, (In Millions) 2019 2018 2017 Cumulative Credit-Related Losses on Debt Securities Held – Beginning of Year $ 4.1 $ 3.6 $ 3.4 Plus: Losses on Newly Identified Impairments 0.2 0.4 0.1 Additional Losses on Previously Identified Impairments 0.1 0.1 0.1 Less: Current and Prior Period Losses on Debt Securities Sold or Matured During the Year — — — Cumulative Credit-Related Losses on Debt Securities Held – End of Year $ 4.4 $ 4.1 $ 3.6

Securities Purchased Under Agre

Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase	12 Months Ended
	Dec. 31, 2019
Investments, Debt and Equity Securities [Abstract]
Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase	Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase Securities purchased under agreements to resell and securities sold under agreements to repurchase are accounted for as collateralized financings and recorded at the amounts at which the securities were acquired or sold plus accrued interest. To minimize any potential credit risk associated with these transactions, the fair value of the securities purchased or sold is monitored, limits are set on exposure with counterparties, and the financial condition of counterparties is regularly assessed. It is Northern Trust’s policy to take possession, either directly or via third-party custodians, of securities purchased under agreements to resell. Securities sold under agreements to repurchase are held by the counterparty until the repurchase. The following tables summarize information related to securities purchased under agreements to resell and securities sold under agreements to repurchase. TABLE 73: SECURITIES PURCHASED UNDER AGREEMENTS TO RESELL ($ In Millions) 2019 2018 Balance at December 31 $ 707.8 $ 1,031.2 Average Balance During the Year 835.0 1,478.3 Average Interest Rate Earned During the Year 2.10 % 2.22 % Maximum Month-End Balance During the Year $ 1,290.0 $ 1,942.0 TABLE 74: SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE ($ In Millions) 2019 2018 Balance at December 31 $ 489.7 $ 168.3 Average Balance During the Year 339.0 525.2 Average Interest Rate Paid During the Year 1.89 % 1.48 % Maximum Month-End Balance During the Year $ 489.7 $ 981.3 TABLE 75: REPURCHASE AGREEMENTS ACCOUNTED FOR AS SECURED BORROWINGS Remaining Contractual Maturity of the Agreements ($ In Millions) Overnight and Continuous Repurchase Agreements December 31, 2019 December 31, 2018 U.S. Treasury and Agency Securities $ 489.7 $ 168.3 Total Borrowings 489.7 168.3 Gross Amount of Recognized Liabilities for Repurchase Agreements in Note 28 489.7 168.3 Amounts related to agreements not included in Note 28 — —

Loans and Leases

Loans and Leases	12 Months Ended
	Dec. 31, 2019
Receivables [Abstract]
Loans and Leases	Loans and Leases Amounts outstanding for loans and leases, by segment and class, are shown below. TABLE 76: LOANS AND LEASES DECEMBER 31, (In Millions) 2019 2018 Commercial Commercial and Institutional $ 8,915.6 $ 8,728.1 Commercial Real Estate 3,378.0 3,228.8 Non-U.S. 1,751.0 2,701.6 Lease Financing, net 65.6 90.7 Other 164.0 426.0 Total Commercial 14,274.2 15,175.2 Personal Private Client 11,068.7 10,733.3 Residential Real Estate 5,999.6 6,514.0 Other 67.1 67.5 Total Personal 17,135.4 17,314.8 Total Loans and Leases $ 31,409.6 $ 32,490.0 Allowance for Credit Losses Assigned to Loans and Leases (104.5 ) (112.6 ) Net Loans and Leases $ 31,305.1 $ 32,377.4 Residential real estate loans consist of traditional first lien mortgages and equity credit lines that generally require a loan to collateral value ratio of no more than 65% to 80% at inception. Northern Trust’s equity credit line products generally have draw periods of up to 10 years and a balloon payment of any outstanding balance is due at maturity. Payments are interest-only with variable interest rates. Northern Trust does not offer equity credit lines that include an option to convert the outstanding balance to an amortizing payment loan. As of December 31, 2019 and 2018 , equity credit lines totaled $448.5 million and $655.5 million , respectively, and equity credit lines for which first liens were held by Northern Trust represented 97% and 95% , respectively, of the total equity credit lines as of those dates. Included within the non-U.S., commercial-other, and personal-other classes are short duration advances, primarily related to the processing of custodied client investments, totaling $1.1 billion and $2.2 billion at December 31, 2019 and 2018 , respectively. Demand deposit overdrafts reclassified as loan balances totaled $90.4 million and $152.5 million at December 31, 2019 and 2018 , respectively. As of December 31, 2019 , there were no loans and $53.6 million of leases classified as held for sale related to the decision to sell substantially all of the lease portfolio. As of December 31, 2018 , there were no loans or leases classified as held for sale. The components of the net investment in direct finance and leveraged leases are as follows: TABLE 77: DIRECT FINANCE AND LEVERAGED LEASES DECEMBER 31, (In Millions) 2019 2018 Direct Finance Leases Lease Receivable $ 1.5 $ 9.8 Residual Value 21.3 23.8 Initial Direct Costs 0.2 0.3 Unearned Income — — Investment in Direct Finance Leases 23.0 33.9 Leveraged Leases Net Rental Receivable 19.1 33.9 Residual Value 33.1 33.3 Unearned Income (9.6 ) (10.4 ) Investment in Leveraged Leases 42.6 56.8 Lease Financing, net $ 65.6 $ 90.7 The following schedule reflects the future minimum lease payments to be received over the next five years under direct finance leases. TABLE 78: FUTURE MINIMUM LEASE PAYMENTS (In Millions) FUTURE MINIMUM LEASE PAYMENTS 2020 $ 3.7 2021 2.1 2022 — 2023 — 2024 — Credit Quality Indicators. Credit quality indicators are statistics, measurements or other metrics that provide information regarding the relative credit risk of loans and leases. Northern Trust utilizes a variety of credit quality indicators to assess the credit risk of loans and leases at the segment, class, and individual credit exposure levels. As part of its credit process, Northern Trust utilizes an internal borrower risk rating system to support identification, approval, and monitoring of credit risk. Borrower risk ratings are used in credit underwriting and management reporting. Risk ratings are used for ranking the credit risk of borrowers and the probability of their default. Each borrower is rated using one of a number of ratings models, which consider both quantitative and qualitative factors. The ratings models vary among classes of loans and leases in order to capture the unique risk characteristics inherent within each particular type of credit exposure. Provided below are the more significant performance indicator attributes considered within Northern Trust’s borrower rating models, by loan and lease class. • Commercial and Institutional: leverage, profit margin, liquidity, asset size and capital levels; • Commercial Real Estate: debt service coverage, loan-to-value ratio, leasing status and guarantor support; • Lease Financing and Commercial-Other: leverage, profit margin, liquidity, asset size and capital levels; • Non-U.S.: leverage, profit margin, liquidity, return on assets and capital levels; • Residential Real Estate: payment history, credit bureau scores and loan-to-value ratio; • Private Client: cash flow-to-debt and net worth ratios, leverage and liquidity; and • Personal-Other: cash flow-to-debt and net worth ratios. While the criteria vary by model, the objective is for the borrower ratings to be consistent in both the measurement and ranking of risk. Each model is calibrated to a master rating scale to support this consistency. Ratings for borrowers not in default range from “1” for the strongest credits to “7” for the weakest non-defaulted credits. Ratings of “8” or “9” are used for defaulted borrowers. Borrower risk ratings are monitored and are revised when events or circumstances indicate a change is required. Risk ratings are generally validated at least annually. Loan and lease segment and class balances at December 31, 2019 and 2018 are provided below, segregated by borrower ratings into “1 to 3”, “4 to 5”, and “6 to 9” (watch list), categories. TABLE 79: BORROWER RATINGS DECEMBER 31, 2019 DECEMBER 31, 2018 (In Millions) 1 TO 3 CATEGORY 4 TO 5 CATEGORY 6 TO 9 CATEGORY (WATCH LIST) TOTAL 1 TO 3 CATEGORY 4 TO 5 CATEGORY 6 TO 9 CATEGORY (WATCH LIST) TOTAL Commercial Commercial and Institutional $ 5,890.8 $ 2,912.9 $ 111.9 $ 8,915.6 $ 5,477.4 $ 3,159.8 $ 90.9 $ 8,728.1 Commercial Real Estate 1,126.8 2,237.3 13.9 3,378.0 1,209.6 1,992.2 27.0 3,228.8 Non-U.S. 717.0 883.2 150.8 1,751.0 1,625.3 1,075.3 1.0 2,701.6 Lease Financing, net 53.6 12.0 — 65.6 78.3 12.4 — 90.7 Other 69.5 94.5 — 164.0 203.3 222.7 — 426.0 Total Commercial 7,857.7 6,139.9 276.6 14,274.2 8,593.9 6,462.4 118.9 15,175.2 Personal Private Client 5,455.3 5,573.0 40.4 11,068.7 6,321.1 4,403.2 9.0 10,733.3 Residential Real Estate 2,638.1 3,185.4 176.1 5,999.6 2,745.0 3,502.3 266.7 6,514.0 Other 28.5 38.6 — 67.1 32.2 35.3 — 67.5 Total Personal 8,121.9 8,797.0 216.5 17,135.4 9,098.3 7,940.8 275.7 17,314.8 Total Loans and Leases $ 15,979.6 $ 14,936.9 $ 493.1 $ 31,409.6 $ 17,692.2 $ 14,403.2 $ 394.6 $ 32,490.0 Loans and leases in the “1 to 3” category are expected to exhibit minimal to modest probabilities of default and are characterized by borrowers having the strongest financial qualities, including above average financial flexibility, cash flows and capital levels. Borrowers assigned these ratings are anticipated to experience very little to moderate financial pressure in adverse down cycle scenarios. As a result of these characteristics, borrowers within this category exhibit a minimal to modest likelihood of loss. Loans and leases in the “4 to 5” category are expected to exhibit moderate to acceptable probabilities of default and are characterized by borrowers with less financial flexibility than those in the “1 to 3” category. Cash flows and capital levels are generally sufficient to allow for borrowers to meet current requirements, but have fewer financial resources to manage through economic downturns. As a result of these characteristics, borrowers within this category exhibit a moderate likelihood of loss. Loans and leases in the watch list category have elevated credit risk profiles that are monitored through internal watch lists, and consist of credits with borrower ratings of “6 to 9”. These credits, which include all nonperforming credits, are expected to exhibit minimally acceptable probabilities of default, elevated risk of default, or are currently in default. Borrowers associated with these risk profiles that are not currently in default have limited financial flexibility. Cash flows and capital levels range from acceptable to potentially insufficient to meet current requirements, particularly in adverse down cycle scenarios. As a result of these characteristics, borrowers in this category exhibit an elevated to probable likelihood of loss. The following table provides balances and delinquency status of performing and nonperforming loans and leases by segment and class, as well as the other real estate owned and total nonperforming asset balances, as of December 31, 2019 and 2018 . TABLE 80: DELINQUENCY STATUS (In Millions) CURRENT 30 – 59 DAYS PAST DUE 60 – 89 DAYS PAST DUE 90 DAYS OR MORE PAST DUE TOTAL PERFORMING NONPERFORMING TOTAL LOANS AND LEASES December 31, 2019 Commercial Commercial and Institutional $ 8,892.7 $ 4.1 $ 10.0 $ 1.2 $ 8,908.0 $ 7.6 $ 8,915.6 Commercial Real Estate 3,363.3 2.4 4.0 4.7 3,374.4 3.6 3,378.0 Non-U.S. 1,750.3 0.2 — — 1,750.5 0.5 1,751.0 Lease Financing, net 65.6 — — — 65.6 — 65.6 Other 164.0 — — — 164.0 — 164.0 Total Commercial 14,235.9 6.7 14.0 5.9 14,262.5 11.7 14,274.2 Personal Private Client 11,025.3 33.1 9.5 0.3 11,068.2 0.5 11,068.7 Residential Real Estate 5,902.3 19.8 4.9 1.2 5,928.2 71.4 5,999.6 Other 67.1 — — — 67.1 — 67.1 Total Personal 16,994.7 52.9 14.4 1.5 17,063.5 71.9 17,135.4 Total Loans and Leases $ 31,230.6 $ 59.6 $ 28.4 $ 7.4 $ 31,326.0 $ 83.6 $ 31,409.6 Other Real Estate Owned $ 3.2 Total Nonperforming Assets $ 86.8 (In Millions) CURRENT 30 – 59 DAYS PAST DUE 60 – 89 DAYS PAST DUE 90 DAYS OR MORE PAST DUE TOTAL PERFORMING NONPERFORMING TOTAL LOANS AND LEASES December 31, 2018 Commercial Commercial and Institutional $ 8,678.2 $ 37.4 $ 4.5 $ 1.2 $ 8,721.3 $ 6.8 $ 8,728.1 Commercial Real Estate 3,191.5 8.4 15.6 6.4 3,221.9 6.9 3,228.8 Non-U.S. 2,701.2 — — — 2,701.2 0.4 2,701.6 Lease Financing, net 90.7 — — — 90.7 — 90.7 Other 426.0 — — — 426.0 — 426.0 Total Commercial 15,087.6 45.8 20.1 7.6 15,161.1 14.1 15,175.2 Personal Private Client 10,681.1 39.5 12.5 — 10,733.1 0.2 10,733.3 Residential Real Estate 6,376.8 27.2 6.2 8.8 6,419.0 95.0 6,514.0 Other 67.5 — — — 67.5 — 67.5 Total Personal 17,125.4 66.7 18.7 8.8 17,219.6 95.2 17,314.8 Total Loans and Leases $ 32,213.0 $ 112.5 $ 38.8 $ 16.4 $ 32,380.7 $ 109.3 $ 32,490.0 Other Real Estate Owned $ 8.4 Total Nonperforming Assets $ 117.7 The following table provides information related to impaired loans by segment and class. TABLE 81: IMPAIRED LOANS AS OF DECEMBER 31, 2019 AS OF DECEMBER 31, 2018 (In Millions) RECORDED INVESTMENT UNPAID PRINCIPAL BALANCE SPECIFIC ALLOWANCE RECORDED INVESTMENT UNPAID PRINCIPAL BALANCE SPECIFIC ALLOWANCE With no related specific allowance Commercial and Institutional $ — $ 0.1 $ — $ 0.2 $ 0.4 $ — Commercial Real Estate 2.4 4.4 — 5.8 7.6 — Residential Real Estate 75.6 102.5 — 76.7 104.7 — Private Client 1.2 1.2 — 1.7 1.7 — With a related specific allowance Commercial and Institutional 6.8 8.9 2.3 6.4 7.3 3.0 Commercial Real Estate 1.2 1.5 1.1 2.6 2.8 1.1 Residential Real Estate 5.0 5.1 1.6 22.8 26.1 3.1 Total Commercial 10.4 14.9 3.4 15.0 18.1 4.1 Personal 81.8 108.8 1.6 101.2 132.5 3.1 Total $ 92.2 $ 123.7 $ 5.0 $ 116.2 $ 150.6 $ 7.2 YEAR ENDED DECEMBER 31, 2019 YEAR ENDED DECEMBER 31, 2018 (In Millions) AVERAGE RECORDED INVESTMENT INTEREST INCOME RECOGNIZED AVERAGE RECORDED INVESTMENT INTEREST INCOME RECOGNIZED With no related specific allowance Commercial and Institutional $ 0.5 $ — $ 6.8 $ — Commercial Real Estate 3.5 0.3 6.4 0.2 Residential Real Estate 88.5 1.8 94.9 1.9 Private Client 1.7 0.1 0.6 0.1 With a related specific allowance Commercial and Institutional 7.9 — 4.6 — Commercial Real Estate 1.4 — 2.1 — Residential Real Estate 16.7 — 9.2 — Total Commercial 13.3 0.3 19.9 0.2 Personal 106.9 1.9 104.7 2.0 Total $ 120.2 $ 2.2 $ 124.6 $ 2.2 Note: Average recorded investments in impaired loans are calculated as the average of the month-end impaired loan balances for the period. Interest income that would have been recorded on nonperforming loans in accordance with their original terms totaled approximately $7.3 million in 2019 , $8.0 million in 2018 , and $9.1 million in 2017 . There were $9.1 million and $12.6 million of aggregate undrawn loan commitments and standby letters of credit at December 31, 2019 and 2018 , respectively, issued to borrowers whose loans were classified as nonperforming or impaired. Troubled Debt Restructurings (TDRs). Included within impaired loans were $54.9 million and $64.6 million of nonperforming TDRs and $27.7 million and $35.2 million of performing TDRs as of December 31, 2019 and 2018 , respectively. The following table provides, by segment and class, the number of TDR modifications of loans and leases during the years ended December 31, 2019 , and 2018 , and the recorded investments and unpaid principal balances as of December 31, 2019 and 2018 . TABLE 82: TROUBLED DEBT RESTRUCTURINGS ($ In Millions) NUMBER OF LOANS AND LEASES RECORDED INVESTMENT UNPAID PRINCIPAL BALANCE December 31, 2019 Commercial Commercial and Institutional 1 $ 7.5 $ 8.8 Commercial Real Estate 2 — — Total Commercial 3 7.5 8.8 Personal Residential Real Estate 45 37.4 38.8 Private Client — — — Total Personal 45 37.4 38.8 Total Loans and Leases 48 $ 44.9 $ 47.6 Note: Period-end balances reflect all paydowns and charge-offs during the year. ($ In Millions) NUMBER OF LOANS AND LEASES RECORDED INVESTMENT UNPAID PRINCIPAL BALANCE December 31, 2018 Commercial Commercial and Institutional 1 $ 0.3 $ 0.5 Commercial Real Estate 2 2.8 2.8 Total Commercial 3 3.1 3.3 Personal Residential Real Estate 48 27.7 30.8 Private Client 1 — 0.1 Total Personal 49 27.7 30.9 Total Loans and Leases 52 $ 30.8 $ 34.2 Note: Period-end balances reflect all paydowns and charge-offs during the year. TDR modifications primarily involve extensions of term, deferrals of principal, interest rate concessions, and other modifications. Other modifications typically reflect other nonstandard terms which Northern Trust would not offer in non-troubled situations. During the year ended December 31, 2019 , the TDR modifications of loans within residential real estate were primarily other modifications, extensions of term, deferrals of principal, and interest rate concessions. During the year ended December 31, 2019 , TDR modifications of loans within commercial and institutional, commercial real estate, and private client classes were other modifications, extensions of term, and deferrals of principal. During the year ended December 31, 2018 , the TDR modifications of loans within residential real estate loans were primarily extensions of term, deferrals of principal, other modifications, and interest rate concessions; modifications within commercial and institutional, commercial real estate, and private client classes were primarily extensions of term, deferrals of principal, and other modifications. There were five loans or leases TDR modifications during the previous twelve-month period which subsequently became nonperforming during the year ended December 31, 2019 . The total recorded investment for these loans was approximately $5.8 million and the unpaid principal balance for these loans was approximately $6.1 million . There were four loans or leases TDR modifications during the previous twelve-month period which subsequently became nonperforming during the year ended December 31, 2018 . The total recorded investment for these loans was approximately $2.1 million and the unpaid principal balance for these loans was approximately $2.4 million . All loans and leases with TDR modifications are evaluated for impairment. The nature and extent of impairment of TDRs, including those which have experienced a subsequent default, is considered in the determination of an appropriate level of allowance for credit losses. Northern Trust may obtain physical possession of real estate via foreclosure. As of December 31, 2019 and 2018 , Northern Trust held foreclosed real estate properties with a carrying value of $3.2 million and $8.4 million , respectively, as a result of obtaining physical possession. In addition, as of December 31, 2019 and 2018 , Northern Trust had loans with a carrying value of $18.1 million and $10.9 million , respectively, for which formal foreclosure proceedings were in process.

Allowance for Credit Losses

Allowance for Credit Losses	12 Months Ended
	Dec. 31, 2019
Receivables [Abstract]
Allowance for Credit Losses	Allowance for Credit Losses The allowance for credit losses, which represents management’s estimate of probable losses related to specific borrower relationships and inherent in the various loan and lease portfolios, undrawn commitments, and standby letters of credit, is determined by management through a disciplined credit review process. Northern Trust’s accounting policies related to the estimation of the allowance for credit losses and the charging off of loans, leases and other extensions of credit deemed uncollectible are consistent across both loan and lease segments. Loans, leases and other extensions of credit deemed uncollectible are charged to the allowance for credit losses. Subsequent recoveries, if any, are credited to the allowance. Determinations as to whether an uncollectible loan is charged off or a specific allowance is established are based on management’s assessment as to the level of certainty regarding the amount of loss. Changes in the allowance for credit losses by segment were as follows: TABLE 83: CHANGES IN THE ALLOWANCE FOR CREDIT LOSSES 2019 2018 2017 (In Millions) COMMERCIAL PERSONAL TOTAL COMMERCIAL PERSONAL TOTAL COMMERCIAL PERSONAL TOTAL Balance at Beginning of Year $ 78.7 $ 59.5 $ 138.2 $ 80.8 $ 73.0 $ 153.8 $ 104.9 $ 87.1 $ 192.0 Charge-Offs (3.0 ) (3.5 ) (6.5 ) (0.9 ) (9.2 ) (10.1 ) (11.4 ) (10.1 ) (21.5 ) Recoveries 0.9 6.3 7.2 1.7 7.3 9.0 5.5 5.8 11.3 Net (Charge-Offs) Recoveries (2.1 ) 2.8 0.7 0.8 (1.9 ) (1.1 ) (5.9 ) (4.3 ) (10.2 ) Provision for Credit Losses (2.7 ) (11.8 ) (14.5 ) (2.9 ) (11.6 ) (14.5 ) (18.2 ) (9.8 ) (28.0 ) Balance at End of Year $ 73.9 $ 50.5 $ 124.4 $ 78.7 $ 59.5 $ 138.2 $ 80.8 $ 73.0 $ 153.8 Allowance for Credit Losses Assigned to: Loans and Leases $ 58.1 $ 46.4 $ 104.5 $ 57.6 $ 55.0 $ 112.6 $ 63.5 $ 67.7 $ 131.2 Undrawn Commitments and Standby Letters of Credit 15.8 4.1 19.9 21.1 4.5 25.6 17.3 5.3 22.6 Total Allowance for Credit Losses $ 73.9 $ 50.5 $ 124.4 $ 78.7 $ 59.5 $ 138.2 $ 80.8 $ 73.0 $ 153.8 The following table provides information regarding the recorded investments in loans and leases and the allowance for credit losses by segment as of December 31, 2019 and 2018 . TABLE 84: RECORDED INVESTMENTS IN LOANS AND LEASES (In Millions) COMMERCIAL PERSONAL TOTAL December 31, 2019 Loans and Leases Specifically Evaluated for Impairment $ 10.4 $ 81.8 $ 92.2 Evaluated for Inherent Impairment 14,263.8 17,053.6 31,317.4 Total Loans and Leases 14,274.2 17,135.4 31,409.6 Allowance for Credit Losses on Credit Exposures Specifically Evaluated for Impairment 3.4 1.6 5.0 Evaluated for Inherent Impairment 54.7 44.8 99.5 Allowance Assigned to Loans and Leases 58.1 46.4 104.5 Allowance for Undrawn Exposures Commitments and Standby Letters of Credit 15.8 4.1 19.9 Total Allowance for Credit Losses $ 73.9 $ 50.5 $ 124.4 (In Millions) COMMERCIAL PERSONAL TOTAL December 31, 2018 Loans and Leases Specifically Evaluated for Impairment $ 15.0 $ 101.2 $ 116.2 Evaluated for Inherent Impairment 15,160.2 17,213.6 32,373.8 Total Loans and Leases 15,175.2 17,314.8 32,490.0 Allowance for Credit Losses on Credit Exposures Specifically Evaluated for Impairment 4.1 3.1 7.2 Evaluated for Inherent Impairment 53.5 51.9 105.4 Allowance Assigned to Loans and Leases 57.6 55.0 112.6 Allowance for Undrawn Exposures Commitments and Standby Letters of Credit 21.1 4.5 25.6 Total Allowance for Credit Losses $ 78.7 $ 59.5 $ 138.2

Concentrations of Credit Risk

Concentrations of Credit Risk	12 Months Ended
	Dec. 31, 2019
Risks and Uncertainties [Abstract]
Concentrations of Credit Risk	Concentrations of Credit Risk Concentrations of credit risk exist if a number of borrowers or other counterparties are engaged in similar activities and have similar economic characteristics that would cause their ability to meet contractual obligations to be similarly affected by changes in economic or other conditions. The fact that a credit exposure falls into one of these groups does not necessarily indicate that the credit has a higher than normal degree of credit risk. These groups are: banks and bank holding companies, residential real estate, and commercial real estate. Banks and Bank Holding Companies. At December 31, 2019 , on-balance-sheet credit risk to banks and bank holding companies, both U.S. and non-U.S., consisted primarily of interest-bearing deposits with banks of $4.9 billion , federal funds sold and securities purchased under agreements to resell of $712.8 million , and demand balances maintained at correspondent banks of $4.3 billion . At December 31, 2018 , on-balance-sheet credit risk to banks and bank holding companies, both U.S. and non-U.S., consisted primarily of interest-bearing deposits with banks of $4.3 billion , federal funds sold and securities purchased under agreements to resell of $1.2 billion , and demand balances maintained at correspondent banks of $4.5 billion . Credit risk associated with U.S. and non-U.S. banks and bank holding companies deemed to be counterparties by Credit Risk Management is managed by the Capital Markets Credit Committee. Credit limits are established through a review process that includes an internally-prepared financial analysis, use of an internal risk rating system and consideration of external ratings from rating agencies. Northern Trust places deposits with banks that have strong internal and external credit ratings and the average life to maturity of deposits with banks is maintained on a short-term basis in order to respond quickly to changing credit conditions. Residential Real Estate. At December 31, 2019 , residential real estate loans totaled $6.0 billion , or 20% of total U.S. loans and leases at December 31, 2019 , compared with $6.5 billion , or 22% of total U.S. loans and leases at December 31, 2018 . Residential real estate loans consist of traditional first lien mortgages and equity credit lines, which generally require a loan-to-collateral value ratio of no more than 65% to 80% at inception. Revaluations of supporting collateral are obtained upon refinancing or default or when otherwise considered warranted. Collateral revaluations for mortgages are performed by independent third parties. Of the $6.0 billion residential real estate loans at December 31, 2019 , $1.6 billion were in Florida, $1.2 billion were in California, and $1.0 billion were in the greater Chicago area, with the remainder distributed throughout the other geographic regions within the U.S. served by Northern Trust. Legally binding undrawn commitments to extend residential real estate credit, which are primarily equity credit lines, totaled $714.2 million and $824.0 million at December 31, 2019 and 2018 , respectively. Commercial Real Estate. The commercial real estate portfolio consists of commercial mortgages and construction, acquisition and development loans extended primarily to experienced investors well known to Northern Trust. Underwriting standards generally reflect conservative loan-to-value ratios and debt service coverage requirements. Recourse to borrowers through guarantees is also commonly required. Commercial mortgage financing is provided for the acquisition or refinancing of income-producing properties. Cash flows from the properties generally are sufficient to amortize the loan. These loans are primarily located in the California , Illinois , Florida , Texas , and Arizona markets. Construction, acquisition and development loans provide financing for commercial real estate prior to rental income stabilization. The intent is generally that the borrower will sell the project or refinance the loan through a commercial mortgage with Northern Trust or another financial institution upon completion. The table below provides additional detail regarding commercial real estate loan types. TABLE 85: COMMERCIAL REAL ESTATE LOANS DECEMBER 31, (In Millions) 2019 2018 Commercial Mortgages Office $ 754.3 $ 811.2 Apartment/ Multi-family 646.5 490.7 Retail 573.3 529.7 Industrial/ Warehouse 278.0 254.9 Other 420.1 426.6 Total Commercial Mortgages 2,672.2 2,513.1 Construction, Acquisition and Development Loans 432.1 420.6 Single Family Investment 95.5 127.0 Other Commercial Real Estate Related 178.2 168.1 Total Commercial Real Estate Loans $ 3,378.0 $ 3,228.8

Buildings and Equipment

Buildings and Equipment	12 Months Ended
	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Buildings and Equipment	Buildings and Equipment A summary of buildings and equipment is presented below. TABLE 86: BUILDINGS AND EQUIPMENT DECEMBER 31, 2019 (In Millions) ORIGINAL COST ACCUMULATED DEPRECIATION NET BOOK VALUE Land and Improvements $ 14.5 $ 0.5 $ 14.0 Buildings 305.8 156.0 149.8 Equipment 731.0 521.5 209.5 Leasehold Improvements 416.1 306.1 110.0 Total Buildings and Equipment $ 1,467.4 $ 984.1 $ 483.3 DECEMBER 31, 2018 (In Millions) ORIGINAL COST ACCUMULATED DEPRECIATION NET BOOK VALUE Land and Improvements $ 15.4 $ 1.1 $ 14.3 Buildings 245.7 148.2 97.5 Equipment 649.9 457.6 192.3 Leasehold Improvements 406.0 281.9 124.1 Total Buildings and Equipment $ 1,317.0 $ 888.8 $ 428.2 The charge for depreciation amounted to $103.2 million in 2019 , $108.6 million in 2018 , and $101.2 million in 2017 in the consolidated statements of income.

Lease Commitments

Lease Commitments	12 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Lease Commitments	Lease Commitments At December 31, 2019 , Northern Trust was obligated under a number of non-cancelable operating leases, primarily for real estate. Certain leases contain rent escalation clauses based on market indices, renewal option clauses calling for increased rentals, and rental payments based on usage. There are no restrictions imposed by any lease agreement regarding the payment of dividends, debt financing or Northern Trust entering into further lease agreements. The components of lease costs for the year ended December 31, 2019 were as follows. TABLE 87: LEASE COST COMPONENTS (In Millions) DECEMBER 31, 2019 Operating Lease Cost $ 102.2 Variable Lease Cost 38.7 Sublease Income (6.6 ) Total Lease Cost $ 134.3 The following table presents a maturity analysis of lease liabilities as of December 31, 2019 . TABLE 88: MATURITY OF LEASE LIABILITIES (In Millions) MATURITY OF LEASE LIABILITIES 2020 $ 101.3 2021 85.8 2022 78.5 2023 70.5 2024 59.6 Later Years 300.0 Total Lease Payments 695.7 Less: Imputed Interest (92.6 ) Present Value of Lease Liabilities $ 603.1 As of December 31, 2019 , Northern Trust had commitments for operating leases in addition to the above that have not yet commenced for approximately $40.1 million . These operating leases are for the use of office space with lease terms between 9 and 15 years and are expected to commence early 2020 through late 2021 . Northern Trust uses its incremental borrowing rate to determine the present value of lease payments for operating leases. Operating lease ROU assets and lease liabilities may include options to extend or terminate the lease only when it is reasonably certain that Northern Trust will exercise that option. Northern Trust elects not to separate lease and non-lease components of a contract for its real estate leases. The location and amount of ROU assets and lease liabilities recorded in the consolidated balance sheets as of December 31, 2019 are presented in the following table. TABLE 89: LOCATION AND AMOUNT OF LEASE ASSETS AND LIABILITIES (In Millions) LOCATION OF LEASE ASSETS AND LEASE LIABILITIES ON THE BALANCE SHEET DECEMBER 31, 2019 Assets Operating Lease Right-of-Use Asset Other Assets $ 491.6 Liabilities Operating Lease Liability Other Liabilities $ 603.1 The weighted-average remaining lease term and weighted-average discount rate applied to leases as of December 31, 2019 were as follows: TABLE 90: WEIGHTED-AVERAGE REMAINING LEASE TERM AND DISCOUNT RATE DECEMBER 31, 2019 Operating Leases Weighted-Average Remaining Lease Term 9.2 years Weighted-Average Discount Rate 3.0 % The following table provides supplemental cash flow information related to leases for the year ended December 31, 2019 . TABLE 91: SUPPLEMENTAL CASH FLOW INFORMATION (In Millions) DECEMBER 31, 2019 Supplemental cash flow information Cash paid for amounts included in the measurement of lease liabilities - operating cash flows $ 101.2 Supplemental non-cash information Right-of-use assets obtained in exchange for new operating lease liabilities $ 108.3 Under the provisions of Accounting Standards Codification (ASC) Topic 842, Northern Trust has elected not to restate comparative periods in the period of adoption. Therefore, disclosure with respect to minimum annual lease commitments as of December 31, 2018 , for all non-cancelable operating leases with a term of one year or more is provided in the table below, as required by ASC Topic 840. TABLE 92: MINIMUM LEASE PAYMENTS (In Millions) FUTURE MINIMUM LEASE PAYMENTS 2019 $ 98.8 2020 97.8 2021 85.9 2022 77.2 2023 67.7 Later Years 335.7 Total Minimum Lease Payments 763.1 Less: Sublease Rentals (23.4 ) Net Minimum Lease Payments $ 739.7 Operating lease rental expense, net of rental income, is recorded in occupancy expense and amounted to $79.0 million in 2018 , $76.7 million in 2017 , and $76.1 million in 2016 .

Goodwill and Other Intangibles

Goodwill and Other Intangibles	12 Months Ended
	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangibles	Goodwill and Other Intangibles Goodwill. Changes by reporting segment in the carrying amount of goodwill for the years ended December 31, 2019 and 2018 , including the effect of foreign exchange rates on non-U.S.-dollar-denominated balances, were as follows: TABLE 93: GOODWILL (In Millions) CORPORATE & INSTITUTIONAL SERVICES WEALTH MANAGEMENT TOTAL Balance at December 31, 2017 $ 534.5 $ 71.1 $ 605.6 Goodwill Acquired 71.4 — 71.4 Foreign Exchange Rates (7.7 ) — (7.7 ) Balance at December 31, 2018 $ 598.2 $ 71.1 $ 669.3 Goodwill Acquired 23.5 — 23.5 Foreign Exchange Rates 4.0 — 4.0 Balance at December 31, 2019 $ 625.7 $ 71.1 $ 696.8 The goodwill impairment test is performed at least annually at the reporting-unit level. The Corporation has determined its reporting units for this purpose to be Corporate & Institutional Services and Wealth Management. Goodwill was tested for impairment during the fourth quarter of 2019 using a quantitative assessment in which the estimated fair values of the reporting units are compared to their carrying values. Impairment is deemed to exist if the carrying value of a reporting unit exceeds its estimated fair value. Based upon the quantitative assessments, there were no impairments to goodwill in 2019. Other Intangible Assets Subject to Amortization. The gross carrying amount and accumulated amortization of other intangible assets subject to amortization as of December 31, 2019 and 2018 were as follows: TABLE 94: OTHER INTANGIBLE ASSETS DECEMBER 31, (In Millions) 2019 2018 Gross Carrying Amount $ 207.2 $ 211.1 Less: Accumulated Amortization 86.6 72.5 Net Book Value $ 120.6 $ 138.6 Other intangible assets consist primarily of the value of acquired client relationships and are included within Other Assets in the consolidated balance sheets. Amortization expense related to other intangible assets was $16.6 million , $17.4 million , and $11.4 million for the years ended December 31, 2019 , 2018 , and 2017 , respectively. Amortization for the years 2020 , 2021 , 2022 , 2023 , and 2024 is estimated to be $16.7 million , $14.3 million , $9.7 million , $9.4 million , and $9.3 million respectively. In the third quarter of 2019, Northern Trust completed its acquisition of Belvedere Advisors LLC, a provider of digital investment advisory and asset management services. The purchase price recorded in connection with the closing of the acquisition, which is subject to certain performance-related adjustments over a five-year period after the acquisition date, totaled $17.6 million inclusive of contingent consideration. Goodwill and developed technology associated with the transaction totaled $9.3 million and $8.3 million , respectively. In the first quarter of 2019, Northern Trust completed the purchase accounting related to its acquisition of BEx LLC, a provider of foreign exchange software solutions. The purchase price recorded in connection with the closing of the acquisition totaled $37.9 million . Goodwill and developed technology associated with the acquisition totaled $12.5 million and $25.0 million , respectively. Since its acquisition of Omnium LLC in 2011, Northern Trust has made various investments in Citadel Technology LLC’s Omnium technology platform. In June 2018, Northern Trust completed its acquisition of such platform, along with associated development resources, for a total purchase price of $73.0 million . Goodwill and incremental developed technology associated with the acquisition in 2018 totaled $71.4 million and $1.6 million , respectively.

Deposits

Deposits	12 Months Ended
	Dec. 31, 2019
Banking and Thrift [Abstract]
Deposits	Deposits The table below provides the scheduled maturity of total time deposits in denominations of $100,000 or greater at December 31, 2019 . TABLE 95: REMAINING MATURITY OF TIME DEPOSITS $100,000 OR MORE DECEMBER 31, 2019 U.S. OFFICE NON-U.S. OFFICES (In Millions) CERTIFICATES OF DEPOSIT OTHER TIME TOTAL 1 Year or Less $ 673.6 $ 1,018.9 $ 1,692.5 Over 1 Year to 2 Years 196.6 — 196.6 Over 2 Years to 3 Years 7.4 — 7.4 Over 3 Years to 4 Years 3.8 — 3.8 Over 4 Years to 5 Years 4.2 — 4.2 Over 5 Years 0.9 — 0.9 Total $ 886.5 $ 1,018.9 $ 1,905.4 As of December 31, 2018 , there were $1.3 billion of time deposits in denominations of $100,000 or greater, of which $580.9 million were Certificates of Deposit and $758.6 million were non-U.S.

Senior Notes and Long-Term Debt

Senior Notes and Long-Term Debt	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Senior Notes and Long-Term Debt	Senior Notes and Long-Term Debt Senior Notes. A summary of senior notes outstanding at December 31, 2019 and 2018 is presented below. TABLE 96: SENIOR NOTES DECEMBER 31, ($ In Millions) RATE 2019 2018 Corporation-Senior Notes (1)(3) Fixed Rate Due Nov. 2020 (4) 3.45 % $ 499.9 $ 499.7 Fixed Rate Due Aug. 2021 (5) 3.38 499.4 499.1 Fixed Rate Due Aug. 2022 (6) 2.38 499.4 499.2 Fixed Rate Due Aug. 2028 (7)(10) 3.65 547.2 513.3 Fixed Rate Due May. 2029 (8)(10) 3.15 527.1 — Total Senior Notes $ 2,573.0 $ 2,011.3 Long-Term Debt. A summary of long-term debt outstanding at December 31, 2019 and 2018 is presented below. TABLE 97: LONG-TERM DEBT DECEMBER 31, ($ In Millions) 2019 2018 Corporation-Subordinated Debt (3) 3.95% Notes due Oct. 2025 (1)(9)(10) $ 798.7 $ 763.1 3.375% Fixed-to-Floating Rate Notes due May 2032 (2) 349.4 349.3 Total Corporation Subordinated Debt $ 1,148.1 $ 1,112.4 Long-Term Debt Qualifying as Risk-Based Capital $ 1,099.5 $ 1,099.5 (1) Not redeemable prior to maturity, except for senior notes due Aug. 2028 and senior notes due May 2029, which are redeemable within three months of maturity. (2) The subordinated notes will bear interest from the date they were issued to, but excluding, May 8, 2027, at an annual rate of 3.375% , payable semi-annually in arrears. From, and including, May 8, 2027, the subordinated notes will bear interest at an annual rate equal to three-month LIBOR plus 1.131% , payable quarterly in arrears. The subordinated notes are unsecured and may be redeemed, in whole but not in part, on, and only on, May 8, 2027, at a redemption price equal to 100% of the principal amount of the subordinated notes to be redeemed, plus accrued and unpaid interest, if any, up to but excluding the redemption date. (3) As of December 31, 2019 , debt issue costs of $2.2 million and $1.3 million are included as a direct deduction from the carrying amount of Senior Notes and Long-Term Debt, respectively. Debt issue costs are amortized on a straight-line basis over the life of the Note. (4) Notes issued at a discount of 0.117% (5) Notes issued at a discount of 0.437% (6) Notes issued at a discount of 0.283% (7) Notes issued at a discount of 0.125% (8) Notes issued at a discount of 0.094% (9) Notes issued at a discount of 0.114% (10) Interest rate swap contracts were entered into to modify the interest expense on these senior and subordinated notes from fixed rates to floating rates. The swaps are recorded as fair value hedges and at December 31, 2019 , increases in the carrying values of the senior and subordinated notes outstanding of $126.9 million were recorded. As of December 31, 2018 , net adjustments in the carrying values of subordinated notes outstanding of $29.3 million were recorded.

Floating Rate Capital Debt

Floating Rate Capital Debt	12 Months Ended
	Dec. 31, 2019
Brokers and Dealers [Abstract]
Floating Rate Capital Debt	Floating Rate Capital Debt In January 1997, the Corporation issued $150 million of Floating Rate Capital Securities, Series A, through a statutory business trust wholly owned by the Corporation (NTC Capital I). In April 1997, the Corporation also issued, through a separate wholly owned statutory business trust (NTC Capital II), $120 million of Floating Rate Capital Securities, Series B. The sole assets of the trusts are subordinated debentures of Northern Trust Corporation that have the same interest rates and maturity dates as the corresponding distribution rates and redemption dates of the Floating Rate Capital Securities. The Series A Securities were issued at a discount to yield 60.5 basis points above the three-month London Interbank Offered Rate (LIBOR) and are due January 15, 2027 . The Series B Securities were issued at a discount to yield 67.9 basis points above the three-month LIBOR and are due April 15, 2027 . Under the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the regulatory capital treatment of these securities is required to be phased out over a period that began on January 1, 2013. In 2019 , 30% of these securities are eligible for Tier 2 capital treatment, declining at an incremental 10% a year until they are fully phased out in 2022. The Corporation has fully, irrevocably and unconditionally guaranteed all payments due on the Series A and B securities. The holders of the Series A and B securities are entitled to receive preferential cumulative cash distributions quarterly in arrears (based on the liquidation amount of $1,000 per security) at an interest rate equal to the rate on the corresponding subordinated debentures. The interest rate on the Series A and Series B securities is equal to three-month LIBOR plus 0.52% and 0.59% , respectively. Subject to certain exceptions, the Corporation has the right to defer payment of interest on the subordinated debentures at any time or from time to time for a period not exceeding 20 consecutive quarterly periods provided that no extension period may extend beyond the stated maturity date. If interest is deferred on the subordinated debentures, distributions on the Series A and B securities will also be deferred and the Corporation will not be permitted, subject to certain exceptions, to pay or declare any cash distributions with respect to the Corporation’s capital stock or debt securities that rank the same as or junior to the subordinated debentures, until all past due distributions are paid. The subordinated debentures are unsecured and subordinated to substantially all of the Corporation’s existing indebtedness. The Corporation has the right to redeem the Series A and Series B subordinated debentures, in whole or in part, at a price equal to the principal amount plus accrued and unpaid interest. The following table summarizes the book values of the outstanding subordinated debentures as of December 31, 2019 and 2018 . TABLE 98: SUBORDINATED DEBENTURES DECEMBER 31, (In Millions) 2019 2018 NTC Capital I Subordinated Debentures due January 15, 2027 $ 154.3 $ 154.2 NTC Capital II Subordinated Debentures due April 15, 2027 123.4 123.4 Total Subordinated Debentures $ 277.7 $ 277.6

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2019
Equity [Abstract]
Stockholders' Equity	Stockholders’ Equity Preferred Stock. The Corporation is authorized to issue 10 million shares of preferred stock without par value. The Board of Directors is authorized to fix the particular designations, preferences and relative, participating, optional and other special rights and qualifications, limitations or restrictions for each series of preferred stock issued. As of December 31, 2019, the following shares of preferred stock were outstanding: 16,000 shares of Series C Non-Cumulative Perpetual Preferred Stock (the “Series C Preferred Stock”), 5,000 shares of Series D Non-Cumulative Perpetual Preferred Stock (the “Series D Preferred Stock”), and 16,000 shares of Series E Non-Cumulative Perpetual Preferred Stock (the “Series E Preferred Stock”). Further information with respect to each of these series is as follows. Series C Preferred Stock. As of December 31, 2019 , the Corporation had issued and outstanding 16 million depositary shares, each representing 1/1,000th ownership interest in a share of Series C Preferred Stock, issued in August 2014. Equity related to Series C Preferred Stock as of December 31, 2019 and 2018 totaled $388.5 million . Series C Preferred Stock had no par value and had a liquidation preference of $25,000 (equivalent to $25 per depositary share). Dividends on the Series C Preferred Stock, which were not mandatory, accrued and were payable on the liquidation preference amount, on a non-cumulative basis, quarterly in arrears on the first day of January, April, July and October of each year, at a rate per annum equal to 5.85% . On October 22, 2019, the Corporation declared a cash dividend of $365.625 per share of Series C Preferred Stock payable on January 1, 2020, to stockholders of record as of December 15, 2019. The Series C Preferred Stock had no maturity date and was redeemable at the Corporation’s option in whole, or in part, on any dividend payment date on or after October 1, 2019 . On January 2, 2020, the proceeds from the Series E Preferred Stock issuance described below were used to fund the redemption of all outstanding shares of the Corporation's Series C Preferred Stock. Series D Preferred Stock. As of December 31, 2019 , the Corporation had issued and outstanding 500,000 depositary shares, each representing a 1/100th ownership interest in a share of Series D Preferred Stock, issued in August 2016. Equity related to Series D Preferred Stock as of December 31, 2019 and 2018 was $493.5 million . Shares of the Series D Preferred Stock have no par value and a liquidation preference of $100,000 (equivalent to $1,000 per depositary share). Dividends on the Series D Preferred Stock, which are not mandatory, accrue and are payable on the liquidation preference amount, on a non-cumulative basis, at a rate per annum equal to (i) 4.60% from the original issue date of the Series D Preferred Stock to but excluding October 1, 2026 ; and (ii) a floating rate equal to Three-Month LIBOR plus 3.202% from and including October 1, 2026 . Fixed rate dividends are payable in arrears on the first day of April and October of each year, through and including October 1, 2026 , and floating rate dividends will be payable in arrears on the first day of January, April, July and October of each year, commencing on January 1, 2027 . The Series D Preferred Stock has no maturity date and is redeemable at the Corporation’s option in whole, or in part, on any dividend payment date on or after October 1, 2026 . The Series D Preferred Stock is redeemable at the Corporation’s option in whole, but not in part, including prior to October 1, 2026 , within 90 days of a regulatory capital treatment event, as described in the Series D Preferred Stock Certificate of Designation. Shares of the Series D Preferred Stock rank senior to the Corporation’s common stock, and will rank at least equally with any other series of preferred stock it may issue (except for any senior series that may be issued with the requisite consent of the holders of the Series D Preferred Stock) and all other parity stock, with respect to the payment of dividends and distributions upon liquidation, dissolution or winding up. Series E Preferred Stock. On November 5, 2019, the Corporation issued and sold 16 million depositary shares, each representing 1/1,000th ownership interest in a share of Series E Preferred Stock. Shares of the Series E Preferred Stock have no par value and a liquidation preference of $25,000 (equivalent to $25 per depositary share). The aggregate proceeds from the public offering of the depositary shares, net of underwriting discounts, commissions and offering expenses, were $391.4 million . As noted above, on January 2, 2020, the proceeds from the Series E Preferred Stock issuance were used to fund the redemption of all outstanding shares of the Corporation's Series C Preferred Stock. Dividends on the Series E Preferred Stock, which are not mandatory, will accrue and be payable on the liquidation preference amount, on a non-cumulative basis, quarterly in arrears on the first day of January, April, July and October of each year, commencing on April 1, 2020, at a rate per annum equal to 4.70% . The Series E Preferred Stock has no maturity date and is redeemable at the Corporation's option in whole, or in part, on any dividend payment date on or after January 1, 2025 . The Series E Preferred Stock is redeemable at the Corporation’s option in whole, but not in part, including prior to January 1, 2025 , within 90 days of a regulatory capital treatment event, as described in the Series E Preferred Stock Certificate of Designation. Shares of the Series E Preferred Stock rank senior to the Corporation’s common stock, and will rank at least equally with any other series of preferred stock it may issue (except for any senior series that may be issued with the requisite consent of the holders of the Series E Preferred Stock) and all other parity stock, with respect to the payment of dividends and distributions upon liquidation, dissolution or winding up. Common Stock. The Corporation's current stock repurchase authorization to repurchase up to 25.0 million shares was approved by the Board of Directors in July 2018 . Shares are repurchased by the Corporation to, among other things, manage the Corporation's capital levels. Repurchased shares are used for general purposes, including the issuance of shares under stock option and other incentive plans. The repurchase authorization approved by the Board of Directors has no expiration date. Under the Corporation’s 2019 capital plan, which was reviewed without objection by the Federal Reserve, the Corporation may repurchase up to $828.5 million of common stock after December 31, 2019 through June 30, 2020 . The average price paid per share for common stock repurchased in 2019 , 2018 , and 2017 was $93.40 , $102.69 , and $90.25 , respectively. An analysis of changes in the number of shares of common stock outstanding follows: TABLE 99: SHARES OF COMMON STOCK 2019 2018 2017 Balance at January 1 219,012,050 226,126,674 228,605,485 Incentive Plan and Awards 1,688,931 1,310,778 1,320,129 Stock Options Exercised 786,931 575,662 1,997,362 Treasury Stock Purchased (11,778,866 ) (9,001,064 ) (5,796,302 ) Balance at December 31 209,709,046 219,012,050 226,126,674

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	12 Months Ended
	Dec. 31, 2019
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) The following tables summarize the components of accumulated other comprehensive income (loss) (AOCI) at December 31, 2019 , 2018 , and 2017 , and changes during the years then ended. TABLE 100: SUMMARY OF CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (In Millions) NET UNREALIZED GAINS (LOSSES) ON DEBT SECURITIES AVAILABLE FOR SALE (1) NET UNREALIZED (LOSSES) GAINS ON CASH FLOW HEDGES NET FOREIGN CURRENCY ADJUSTMENTS NET PENSION AND OTHER POSTRETIREMENT BENEFIT ADJUSTMENTS TOTAL Balance at December 31, 2016 $ (32.4 ) $ 6.1 $ (18.5 ) $ (325.2 ) $ (370.0 ) Net Change (42.4 ) (1.6 ) 16.7 (17.0 ) (44.3 ) Balance at December 31, 2017 $ (74.8 ) $ 4.5 $ (1.8 ) $ (342.2 ) $ (414.3 ) Reclassification of Certain Tax Effects from AOCI (17.8 ) 0.9 47.5 (55.9 ) (25.3 ) Net Change (22.3 ) (1.4 ) 22.2 (12.6 ) (14.1 ) Balance at December 31, 2018 $ (114.9 ) $ 4.0 $ 67.9 $ (410.7 ) $ (453.7 ) Net Change 228.9 (7.7 ) 49.9 (12.1 ) 259.0 Balance at December 31, 2019 $ 114.0 $ (3.7 ) $ 117.8 $ (422.8 ) $ (194.7 ) (1) Includes net unrealized gains (losses) on debt securities transferred from available for sale to held to maturity during the years ended December 31, 2019 , 2018 , and 2017 . TABLE 101: DETAILS OF CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) FOR THE YEAR ENDED DECEMBER 31, 2019 2018 2017 (In Millions) BEFORE TAX TAX EFFECT AFTER TAX BEFORE TAX TAX EFFECT AFTER TAX BEFORE TAX TAX EFFECT AFTER TAX Unrealized Gains (Losses) on Debt Securities Available for Sale Unrealized Gains (Losses) on Debt Securities Available for Sale $ 306.1 $ (78.0 ) $ 228.1 $ (31.9 ) $ 9.2 $ (22.7 ) $ (70.2 ) $ 26.9 $ (43.3 ) Reclassification Adjustment for Losses (Gains) Included in Net Income (1) 1.1 (0.3 ) 0.8 0.5 (0.1 ) 0.4 1.4 (0.5 ) 0.9 Net Change $ 307.2 $ (78.3 ) $ 228.9 $ (31.4 ) $ 9.1 $ (22.3 ) $ (68.8 ) $ 26.4 $ (42.4 ) Unrealized (Losses) Gains on Cash Flow Hedges Foreign Exchange Contracts $ 14.9 $ (3.7 ) $ 11.2 $ 70.5 $ (17.6 ) $ 52.9 $ 32.5 $ (19.5 ) $ 13.0 Interest Rate Contracts 1.5 (0.3 ) 1.2 (1.2 ) 0.3 (0.9 ) 1.3 (0.8 ) 0.5 Reclassification Adjustment for (Gains) Losses Included in Net Income (2) (26.7 ) 6.6 (20.1 ) (71.1 ) 17.7 (53.4 ) (24.5 ) 9.4 (15.1 ) Net Change $ (10.3 ) $ 2.6 $ (7.7 ) $ (1.8 ) $ 0.4 $ (1.4 ) $ 9.3 $ (10.9 ) $ (1.6 ) Foreign Currency Adjustments Foreign Currency Translation Adjustments $ 6.4 $ (1.6 ) $ 4.8 $ (107.8 ) $ 1.5 $ (106.3 ) $ 156.5 $ (3.1 ) $ 153.4 Long-Term Intra-Entity Foreign Currency Transaction (Losses) Gains (0.5 ) 0.1 (0.4 ) (1.8 ) 0.5 (1.3 ) 2.0 (0.7 ) 1.3 Net Investment Hedge Gains (Losses) 59.7 (14.2 ) 45.5 173.0 (43.2 ) 129.8 (223.2 ) 85.2 (138.0 ) Net Change $ 65.6 $ (15.7 ) $ 49.9 $ 63.4 $ (41.2 ) $ 22.2 $ (64.7 ) $ 81.4 $ 16.7 Pension and Other Postretirement Benefit Adjustments Net Actuarial (Losses) Gains $ (36.8 ) $ 7.9 $ (28.9 ) $ (54.9 ) $ 9.6 $ (45.3 ) $ (58.4 ) $ 25.4 $ (33.0 ) Reclassification Adjustment for Losses (Gains) Included in Net Income (3) Amortization of Net Actuarial Loss 22.4 (5.4 ) 17.0 $ 36.6 $ (3.6 ) $ 33.0 26.0 (9.9 ) 16.1 Amortization of Prior Service Cost (0.2 ) — (0.2 ) $ (0.3 ) $ — $ (0.3 ) (0.1 ) — (0.1 ) Net Change $ (14.6 ) $ 2.5 $ (12.1 ) $ (18.6 ) $ 6.0 $ (12.6 ) $ (32.5 ) $ 15.5 $ (17.0 ) Total Net Change $ 347.9 $ (88.9 ) $ 259.0 $ 11.6 $ (25.7 ) $ (14.1 ) $ (156.7 ) $ 112.4 $ (44.3 ) (1) The before-tax reclassification adjustment out of AOCI related to the realized gains (losses) on debt securities available for sale is recorded as Investment Security Gains (Losses), net within the consolidated statements of income. (2) See Note 27, "Derivative Financial Instruments" for the location of the reclassification adjustment related to cash flow hedges. (3) The before-tax reclassification adjustment out of AOCI related to pension and other postretirement benefit adjustments is recorded in Employee Benefits expense within the consolidated statements of income.

Net Income per Common Share

Net Income per Common Share	12 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
Net Income per Common Share	Net Income per Common Share The computations of net income per common share are presented below. TABLE 102: NET INCOME PER COMMON SHARE FOR THE YEAR ENDED DECEMBER 31, ($ In Millions Except Per Common Share Information) 2019 2018 2017 BASIC NET INCOME PER COMMON SHARE Average Number of Common Shares Outstanding 214,525,547 223,148,335 228,257,664 Net Income $ 1,492.2 $ 1,556.4 $ 1,199.0 Less: Dividends on Preferred Stock 46.4 46.4 49.8 Net Income Applicable to Common Stock 1,445.8 1,510.0 1,149.2 Less: Earnings Allocated to Participating Securities 16.9 20.1 18.8 Earnings Allocated to Common Shares Outstanding $ 1,428.9 $ 1,489.9 $ 1,130.4 Basic Net Income Per Common Share 6.66 6.68 4.95 DILUTED NET INCOME PER COMMON SHARE Average Number of Common Shares Outstanding 214,525,547 223,148,335 228,257,664 Plus Dilutive Effect of Share-based Compensation 1,075,602 1,339,991 1,396,737 Average Common and Potential Common Shares 215,601,149 224,488,326 229,654,401 Earnings Allocated to Common and Potential Common Shares $ 1,428.9 $ 1,490.0 $ 1,130.5 Diluted Net Income Per Common Share 6.63 6.64 4.92 Note: For the years ended December 31, 2019 and, 2018 there were no common stock equivalents excluded in the computation of diluted net income per share. Common stock equivalents of 115,491 for the year ended December 31, 2017 were not included in the computation of diluted net income per common share because their inclusion would have been antidilutive.

Revenue from Contracts with Cli

Revenue from Contracts with Clients	12 Months Ended
	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Clients	Revenue from Contracts with Clients Trust, Investment, and Other Servicing Fees. Custody and fund administration income is comprised of revenues received from our core asset servicing business for providing custody, fund administration, and middle-office-related services, primarily to C&IS clients. Investment management and advisory income contains revenue received from providing asset management and related services to Wealth Management and C&IS clients and to Northern Trust sponsored funds. Securities lending income represents revenues generated from securities lending arrangements that Northern Trust enters into as agent, mainly with C&IS clients. Other income largely consists of revenues received from providing employee benefit, investment risk and analytic and other services to C&IS and Wealth Management clients. Other Noninterest Income. Treasury management income represents revenues received from providing cash and liquidity management services to C&IS and Wealth Management clients. The portion of securities commissions and trading income that relates to revenue from contracts with clients is primarily comprised of commissions earned from providing securities brokerage services to Wealth Management and C&IS clients. The portion of other operating income that relates to revenue from contracts with clients is mainly comprised of service fees for banking-related services provided to Wealth Management and C&IS clients. Performance Obligations. Clients are typically charged monthly or quarterly in arrears based on the fee arrangement agreed to with each client; payment terms will vary depending on the client and services offered. Substantially all revenues generated from contracts with clients for asset servicing, asset management, securities lending, treasury management and banking-related services are recognized on an accrual basis, over the period in which services are provided. The nature of Northern Trust’s performance obligations is to provide a series of distinct services in which the customer simultaneously receives and consumes the benefits of the promised services as they are performed. Fee arrangements are mainly comprised of variable amounts based on market value of client assets managed and serviced, transaction volumes, number of accounts, and securities lending volume and spreads. Revenue is recognized using the output method in an amount that reflects the consideration to which Northern Trust expects to be entitled in exchange for providing each month or quarter of service. For contracts with multiple performance obligations, revenue is allocated to each performance obligation based on the price agreed to with the client, representing its relative standalone selling price. Security brokerage revenue is primarily represented by securities commissions received in exchange of providing trade execution related services. Control is transferred at a point in time, on the trade date of the transaction, and fees are typically variable based on transaction volumes and security types. Northern Trust’s contracts with its clients are typically open-ended arrangements and are therefore considered to have an original duration of less than one year. Northern Trust has elected the practical expedient to not disclose the value of remaining performance obligations for contracts with an original expected duration of one year or less. The following table presents revenues disaggregated by major revenue source. TABLE 103: REVENUE DISAGGREGATION FOR THE YEAR ENDED DECEMBER 31, (In Millions) 2019 2018 Noninterest Income Trust, Investment and Other Servicing Fees Custody and Fund Administration $ 1,636.4 $ 1,589.1 Investment Management and Advisory 1,930.6 1,862.6 Securities Lending 87.7 102.8 Other 197.4 199.2 Total Trust, Investment and Other Servicing Fees $ 3,852.1 $ 3,753.7 Other Noninterest Income Foreign Exchange Trading Income $ 250.9 $ 307.2 Treasury Management Fees 44.5 51.8 Security Commissions and Trading Income 103.6 98.3 Other Operating Income 145.5 127.5 Investment Security Gains (Losses), net (1.4 ) (1.0 ) Total Other Noninterest Income $ 543.1 $ 583.8 Total Noninterest Income $ 4,395.2 $ 4,337.5 Trust, investment and other servicing fees and treasury management fees represent revenue from contracts with clients. For the year ended December 31, 2019 , revenue from contracts with clients also includes $87.1 million of the $103.6 million total securities commissions and trading income and $41.8 million of the $145.5 million total other operating income. For the year ended December 31, 2018 , revenue from contracts with clients also includes $86.7 million of the $98.3 million total securities commissions and trading income and $44.0 million of the $127.5 million total other operating income. Receivables Balances. The table below represents receivables balances from contracts with clients, which are included in Other Assets in the consolidated balance sheets, at December 31, 2019 and 2018 . TABLE 104: CLIENT RECEIVABLES DECEMBER 31, (In Millions) 2019 2018 Trust Fees Receivable, net $ 801.9 $ 742.5 Other 101.1 90.1 Total Client Receivables $ 903.0 $ 832.6

Net Interest Income

Net Interest Income	12 Months Ended
	Dec. 31, 2019
Banking and Thrift, Interest [Abstract]
Net Interest Income	Net Interest Income The components of net interest income were as follows: TABLE 105: NET INTEREST INCOME FOR THE YEAR ENDED DECEMBER 31, (In Millions) 2019 2018 2017 Interest Income Loans and Leases $ 1,153.4 $ 1,098.8 $ 919.1 Securities – Taxable 1,070.7 905.2 594.1 – Non-Taxable 3.8 7.0 9.8 Interest-Bearing Due from and Deposits with Banks (1) 72.4 70.0 63.8 Federal Reserve and Other Central Bank Deposits and Other 199.6 240.4 182.6 Total Interest Income $ 2,499.9 $ 2,321.4 $ 1,769.4 Interest Expense Deposits $ 488.9 $ 384.6 $ 182.1 Federal Funds Purchased 25.9 50.3 10.4 Securities Sold under Agreements to Repurchase 6.4 7.8 6.0 Other Borrowings 181.7 150.1 50.7 Senior Notes 72.6 53.4 46.9 Long-Term Debt 38.3 45.0 39.2 Floating Rate Capital Debt 8.2 7.5 4.9 Total Interest Expense $ 822.0 $ 698.7 $ 340.2 Net Interest Income $ 1,677.9 $ 1,622.7 $ 1,429.2 (1) Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets.

Other Operating Income

Other Operating Income	12 Months Ended
	Dec. 31, 2019
Other Income and Expenses [Abstract]
Other Operating Income	Other Operating Income The components of other operating income were as follows: TABLE 106: OTHER OPERATING INCOME FOR THE YEAR ENDED DECEMBER 31, (In Millions) 2019 2018 2017 Loan Service Fees $ 48.0 $ 48.9 $ 50.7 Banking Service Fees 45.6 46.4 48.6 Other Income 51.9 32.2 58.2 Total Other Operating Income $ 145.5 $ 127.5 $ 157.5 Other income of $51.9 million in 2019 increased from $32.2 million in 2018 , primarily due to income related to a bank-owned life insurance program implemented during 2019, higher miscellaneous income, and the prior-year impairment of a community development equity investment previously held at cost, partially offset by a charge related to the decision made in 2019 to sell substantially all of the lease portfolio. The components of other operating expense were as follows: TABLE 107: OTHER OPERATING EXPENSE FOR THE YEAR ENDED DECEMBER 31, (In Millions) 2019 2018 2017 Business Promotion $ 104.2 $ 98.3 $ 95.4 FDIC Insurance Premiums 9.9 27.4 34.7 Staff Related 42.8 33.6 42.8 Other Intangibles Amortization 16.6 17.4 11.4 Other Expenses 156.3 153.9 147.3 Total Other Operating Expense $ 329.8 $ 330.6 $ 331.6 Other operating expense in 2019 as compared to 2018 primarily reflects decreased FDIC insurance premiums, partially offset by higher staff-related expense and business promotion expense.

Other Operating Expense

Other Operating Expense	12 Months Ended
	Dec. 31, 2019
Other Income and Expenses [Abstract]
Other Operating Expense	Other Operating Income The components of other operating income were as follows: TABLE 106: OTHER OPERATING INCOME FOR THE YEAR ENDED DECEMBER 31, (In Millions) 2019 2018 2017 Loan Service Fees $ 48.0 $ 48.9 $ 50.7 Banking Service Fees 45.6 46.4 48.6 Other Income 51.9 32.2 58.2 Total Other Operating Income $ 145.5 $ 127.5 $ 157.5 Other income of $51.9 million in 2019 increased from $32.2 million in 2018 , primarily due to income related to a bank-owned life insurance program implemented during 2019, higher miscellaneous income, and the prior-year impairment of a community development equity investment previously held at cost, partially offset by a charge related to the decision made in 2019 to sell substantially all of the lease portfolio. The components of other operating expense were as follows: TABLE 107: OTHER OPERATING EXPENSE FOR THE YEAR ENDED DECEMBER 31, (In Millions) 2019 2018 2017 Business Promotion $ 104.2 $ 98.3 $ 95.4 FDIC Insurance Premiums 9.9 27.4 34.7 Staff Related 42.8 33.6 42.8 Other Intangibles Amortization 16.6 17.4 11.4 Other Expenses 156.3 153.9 147.3 Total Other Operating Expense $ 329.8 $ 330.6 $ 331.6 Other operating expense in 2019 as compared to 2018 primarily reflects decreased FDIC insurance premiums, partially offset by higher staff-related expense and business promotion expense.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The following table reconciles the total provision for income taxes recorded in the consolidated statements of income with the amounts computed at the statutory federal tax rate for the periods presented below. TABLE 108: INCOME TAXES FOR THE YEAR ENDED DECEMBER 31, (In Millions) 2019 2018 2017 Federal Rate 21.0 % 21.0 % 35.0 % Tax at Statutory Rate $ 408.3 $ 411.1 $ 571.9 Tax Exempt Income (11.5 ) (6.9 ) (9.6 ) Foreign Tax Rate Differential 4.6 (7.3 ) (50.0 ) Excess Tax Benefit Related to Share-Based Compensation (17.5 ) (16.8 ) (31.6 ) State Taxes, net 55.0 66.3 40.7 Impact of Tax Cuts and Jobs Act — (4.8 ) (53.1 ) Change in Accounting Method — (24.4 ) — Valuation Allowance 29.5 (0.8 ) 0.3 Other (16.5 ) (15.0 ) (33.7 ) Provision for Income Taxes $ 451.9 $ 401.4 $ 434.9 Income tax expense for the twelve months ended December 31, 2019 and 2018 was $451.9 million and $401.4 million , representing an effective tax rate of 23.2% and 20.5% , respectively. For the twelve months ended December 31, 2019 , the provision for income taxes included an increase in the U.S. taxes payable on the income of the Corporation’s non-U.S. branches. This increase included a valuation allowance against deferred tax assets as management believes the foreign tax credit carryforward generated in 2019 will not be fully realized. For the twelve months ended December 31, 2018 , the provision for income taxes included income tax benefits recorded in 2018 associated with the timing of tax deductions for software development-related expenses and the implementation of the Tax Cuts and Jobs Act (TCJA) enacted in the fourth quarter of 2017, partially offset by a change in the earnings mix in tax jurisdictions in which the Corporation operates. Additionally, the 2017 provision for income taxes included a net benefit attributable to the implementation of the TCJA of $53.1 million and Federal and State research tax credits of $17.6 million related to the Corporation’s technology spend between 2013 and 2016, each resulting in a reduction of the effective tax rate. The TCJA was enacted on December 22, 2017, and reduced the U.S. federal corporate tax rate from 35% to 21% . It also required companies to pay a mandatory deemed repatriation tax on earnings of foreign subsidiaries that were previously tax deferred. At December 31, 2017, Northern Trust made a reasonable estimate as to the impact of the TCJA. During 2018, Northern Trust completed the related calculations and additional analyses associated with the implementation of the TCJA, resulting in a number of adjustments to the 2018 tax provision as follows: TABLE 109: IMPACT OF TAX CUTS AND JOBS ACT (In Millions) 2018 2017 Federal Taxes on Mandatory Deemed Repatriation $ (16.8 ) $ 150.0 Impact Related to Federal Deferred Taxes 12.7 (210.0 ) Other Adjustments (0.7 ) 6.9 Provision (Benefit) for Income Taxes $ (4.8 ) $ (53.1 ) Adjustments in the above table included a 2018 tax benefit of $16.8 million resulting from an adjustment to the Corporation’s 2017 income tax provision for mandatory deemed repatriation with respect to the pre-2018 earnings of its non-U.S. subsidiaries, offset by a $12.7 million net provision recorded in 2018 associated with the repricing of deferred taxes. For tax years beginning after December 31, 2017, the TCJA introduces new provisions for U.S. taxation of certain Global Intangible Low-Taxed Income (GILTI). Northern Trust has made the policy election to record any current year tax expense associated with GILTI in the period in which it is incurred. The Corporation files income tax returns in the U.S. federal, various state, and foreign jurisdictions. The Corporation is no longer subject to income tax examinations by U.S. federal authorities before 2013, U.S. state or local tax authorities for years before 2011, or non-U.S. tax authorities for years before 2012. Included in Other Liabilities within the consolidated balance sheets at December 31, 2019 and 2018 were $25.3 million and $21.9 million of unrecognized tax benefits, respectively. If recognized, 2019 and 2018 net income would have increased by $22.7 million and $19.8 million , respectively, resulting in a decrease of those years’ effective income tax rates. A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: TABLE 110: UNRECOGNIZED TAX BENEFITS (In Millions) 2019 2018 2017 Balance at January 1 $ 21.9 $ 27.7 $ 17.2 Additions for Tax Positions Taken in the Current Year 0.9 0.5 9.9 Additions for Tax Positions Taken in Prior Years 4.0 1.7 6.2 Reductions for Tax Positions Taken in Prior Years (1.5 ) (7.8 ) (5.4 ) Reductions Resulting from Expiration of Statutes — (0.2 ) (0.2 ) Balance at December 31 $ 25.3 $ 21.9 $ 27.7 Unrecognized tax benefits had net increases of $3.4 million , resulting in a remaining balance of $25.3 million at December 31, 2019 , compared to net decreases of $5.8 million resulting in a remaining balance of $21.9 million at December 31, 2018 . It is possible that changes in the amount of unrecognized tax benefits could occur in the next 12 months due to changes in judgment related to recognition or measurement, settlements with taxing authorities, or expiration of statute of limitations. Management does not believe that future changes, if any, would have a material effect on the consolidated financial position or liquidity of Northern Trust, although they could have a material effect on operating results for a particular period. A benefit for interest and penalties of $1.3 million , net of tax, was included in the provision for income taxes for the year ended December 31, 2019 . This compares to a provision for interest and penalties of $0.3 million , net of tax, and $0.1 million , net of tax, for the year ended December 31, 2018 and 2017 , respectively. As of December 31, 2019 and 2018 , the liability for the potential payment of interest and penalties totaled $8.4 million and $9.2 million , net of tax, respectively. The components of the consolidated provision for income taxes for each of the three years ended December 31 are as follows: TABLE 111: PROVISION FOR INCOME TAXES FOR THE YEAR ENDED DECEMBER 31, (In Millions) 2019 2018 2017 Current Tax Provision: Federal $ 216.4 $ 132.8 $ 347.3 State 50.7 95.4 38.3 Non-U.S. 150.5 162.7 125.4 Total 417.6 390.9 511.0 Deferred Tax Provision: Federal $ 16.5 $ 33.8 $ (96.4 ) State 16.5 (13.8 ) 24.6 Non-U.S. 1.3 (9.5 ) (4.3 ) Total 34.3 10.5 (76.1 ) Provision for Income Taxes $ 451.9 $ 401.4 $ 434.9 In addition to the amounts shown above, tax charges and benefits have been recorded directly to stockholders’ equity for the following: TABLE 112: TAX CHARGES AND BENEFITS RECORDED DIRECTLY TO STOCKHOLDERS’ EQUITY FOR THE YEAR ENDED DECEMBER 31, (In Millions) 2019 2018 2017 Tax Effect of Other Comprehensive Income 88.9 25.7 (112.4 ) Deferred taxes result from temporary differences between the amounts reported in the consolidated financial statements and the tax bases of assets and liabilities. Deferred tax assets and liabilities have been computed as follows: TABLE 113: NET DEFERRED TAX LIABILITIES DECEMBER 31, (In Millions) 2019 2018 Deferred Tax Liabilities: Lease Financing $ 36.9 $ 43.3 Software Development 249.4 193.2 Accumulated Depreciation 99.8 129.5 Compensation and Benefits 8.3 10.9 State Taxes, net 66.4 58.9 Other Liabilities 206.7 114.5 Gross Deferred Tax Liabilities 667.5 550.3 Deferred Tax Assets: Allowance for Credit Losses 26.1 29.0 Other Assets 147.0 120.6 Gross Deferred Tax Assets 173.1 149.6 Valuation Reserve (29.8 ) (0.3 ) Deferred Tax Assets, net of Valuation Reserve 143.3 149.3 Net Deferred Tax Liabilities $ 524.2 $ 401.0 Northern Trust had various state net operating loss carryforwards as of December 31, 2019 and 2018 . The income tax benefits associated with these loss carryforwards were approximately $1.0 million as of December 31, 2019 and $0.3 million as of December 31, 2018 . A valuation allowance related to the loss carryforwards of $0.3 million was recorded at December 31, 2019 and 2018 , as management believes the net operating losses will not be fully realized. The Corporation generated a foreign tax credit carryforward during the twelve months ended December 31, 2019 . A valuation allowance related to the credit carryforward of $29.5 million was recorded at December 31, 2019 , as management believes that the foreign tax credit carryforward will not be fully realized.

Employee Benefits

Employee Benefits	12 Months Ended
	Dec. 31, 2019
Retirement Benefits [Abstract]
Employee Benefits	Employee Benefits The Corporation and certain of its subsidiaries provide various benefit programs, including defined benefit pension, postretirement health care, and defined contribution plans. A description of each major plan and related disclosures are provided below. Pension. A noncontributory qualified defined benefit pension plan covers substantially all U.S. employees of Northern Trust. Employees of certain European subsidiaries retain benefits in local defined benefit plans, although those plans are closed to new participants and to future benefit accruals. Employees continue to accrue benefits under the Swiss pension plan, which is accounted for as a defined benefit plan under U.S. GAAP. Northern Trust also maintains a noncontributory supplemental pension plan for participants whose retirement benefits under the U.S. Qualified Plan are expected to exceed the limits imposed by federal tax law. Northern Trust has a nonqualified trust, referred to as a “Rabbi” Trust, used to hold assets designated for the funding of benefits in excess of those permitted in certain of its qualified retirement plans. This arrangement offers participants a degree of assurance for payment of benefits in excess of those permitted in the related qualified plans. As the “Rabbi” Trust assets remain subject to the claims of creditors and are not the property of the employees, they are accounted for as corporate assets and are included in Other Assets in the consolidated balance sheets. Total assets in the “Rabbi” Trust related to the nonqualified pension plan at December 31, 2019 and 2018 amounted to $128.8 million and $129.9 million , respectively. Contributions of $3.0 million and $21.9 million were made to the “Rabbi” Trust in 2019 and 2018 , respectively. The following tables set forth the status, amounts included in AOCI, and net periodic pension expense of the U.S. Qualified Plan, Non-U.S. Pension Plans, and U.S. Non-Qualified Plan for 2019 , 2018 , and 2017 . Prior service costs are being amortized on a straight-line basis over 11 years for the U.S. Qualified Plan and 10 years for the U.S. Non-Qualified Plan. TABLE 114: EMPLOYEE BENEFIT PLAN STATUS U.S. QUALIFIED PLAN NON-U.S. PENSION PLANS U.S. NON-QUALIFIED PLAN ($ In Millions) 2019 2018 2019 2018 2019 2018 Accumulated Benefit Obligation $ 1,181.9 $ 980.6 $ 204.7 $ 178.4 $ 131.5 $ 120.9 Projected Benefit Obligation 1,323.4 1,092.0 211.1 183.5 149.2 135.6 Plan Assets at Fair Value 1,601.2 1,380.1 190.1 166.7 — — Funded Status at December 31 $ 277.8 $ 288.1 $ (21.0 ) $ (16.8 ) $ (149.2 ) $ (135.6 ) Weighted-Average Assumptions: Discount Rates 3.37 % 4.47 % 1.40 % 2.16 % 3.37 % 4.47 % Rate of Increase in Compensation Level 4.97 4.39 1.50 1.75 4.97 4.39 Expected Long-Term Rate of Return on Assets 5.25 6.00 1.72 2.39 N/A N/A TABLE 115: AMOUNTS INCLUDED IN ACCUMULATED OTHER COMPREHENSIVE INCOME U.S. QUALIFIED PLAN NON-U.S. PENSION PLANS U.S. NON-QUALIFIED PLAN (In Millions) 2019 2018 2019 2018 2019 2018 Net Actuarial Loss $ 426.7 $ 435.4 $ 46.5 $ 41.2 $ 82.5 $ 65.8 Prior Service (Benefit) Cost (1.0 ) (1.4 ) 3.0 3.6 0.2 0.4 Gross Amount in Accumulated Other Comprehensive Income 425.7 434.0 49.5 44.8 82.7 66.2 Income Tax Effect 105.7 108.5 6.2 6.0 20.4 16.4 Net Amount in Accumulated Other Comprehensive Income $ 320.0 $ 325.5 $ 43.3 $ 38.8 $ 62.3 $ 49.8 TABLE 116: NET PERIODIC PENSION EXPENSE U.S. QUALIFIED PLAN NON-U.S. PENSION PLANS U.S. NON-QUALIFIED PLAN ($ In Millions) 2019 2018 2017 2019 2018 2017 2019 2018 2017 Service Cost $ 41.6 $ 41.4 $ 38.3 $ 2.0 $ 1.7 $ 0.4 $ 4.1 $ 4.3 $ 3.7 Interest Cost 47.2 44.3 45.9 3.9 4.0 4.0 5.8 5.3 5.2 Expected Return on Plan Assets (86.9 ) (88.2 ) (93.8 ) (4.4 ) (4.4 ) (4.5 ) — N/A N/A Settlement Expense — — — — 0.5 1.1 — — — Amortization: Net Actuarial Loss 17.2 28.2 19.0 0.6 0.9 1.3 5.6 7.4 5.7 Prior Service (Benefit) Cost (0.4 ) (0.4 ) (0.4 ) 0.3 0.2 0.1 0.2 0.2 0.2 Net Periodic Pension Expense $ 18.7 $ 25.3 $ 9.0 $ 2.4 $ 2.9 $ 2.4 $ 15.7 $ 17.2 $ 14.8 Weighted-Average Assumptions: Discount Rates 4.47 % 3.79 % 4.46 % 2.16 % 2.08 % 2.33 % 4.47 % 3.79 % 4.46 % Rate of Increase in Compensation Level 4.39 4.39 4.39 1.75 1.75 1.75 4.39 4.39 4.39 Expected Long-Term Rate of Return on Assets 6.00 6.00 6.75 2.39 2.61 3.13 N/A N/A N/A The components of net periodic pension expense are included in the line item “Employee Benefits” expense in the consolidated statements of income. TABLE 117: CHANGE IN PROJECTED BENEFIT OBLIGATION U.S. QUALIFIED PLAN NON-U.S. PENSION PLANS U.S. NON-QUALIFIED PLAN (In Millions) 2019 2018 2019 2018 2019 2018 Beginning Balance $ 1,092.0 $ 1,209.9 $ 183.5 $ 198.3 $ 135.6 $ 144.5 Service Cost 41.6 41.4 2.0 1.7 4.1 4.3 Interest Cost 47.2 44.3 3.9 4.0 5.8 5.3 Employee Contributions — — 0.6 0.4 — — Plan Amendment — — (0.4 ) 1.3 — — Actuarial Loss (Gain) 213.3 (112.4 ) 20.9 (9.3 ) 22.0 (9.7 ) Settlement — — — (2.7 ) — — Benefits Paid (70.7 ) (91.2 ) (3.6 ) (1.1 ) (18.3 ) (8.8 ) Foreign Exchange Rate Changes — — 4.2 (9.1 ) — — Ending Balance $ 1,323.4 $ 1,092.0 $ 211.1 $ 183.5 $ 149.2 $ 135.6 Actuarial losses of $256.2 million in 2019 were primarily caused by decreases in discount rates. Actuarial gains of $131.4 million in 2018 were primarily caused by increases in discount rates. TABLE 118: ESTIMATED FUTURE BENEFIT PAYMENTS (In Millions) U.S. QUALIFIED PLAN NON-U.S.PENSION PLANS U.S. NON-QUALIFIED PLAN 2020 $ 81.0 $ 3.9 $ 15.0 2021 82.9 4.2 16.7 2022 84.3 4.2 18.4 2023 91.1 4.6 20.3 2024 89.6 4.9 16.2 2025-2029 469.7 29.9 60.8 TABLE 119: CHANGE IN PLAN ASSETS U.S. QUALIFIED PLAN NON-U.S PENSION PLANS (In Millions) 2019 2018 2019 2018 Fair Value of Assets at Beginning of Period $ 1,380.1 $ 1,506.4 $ 166.7 $ 178.7 Actual Return on Assets 291.8 (85.1 ) 18.6 (2.3 ) Employer Contributions — 50.0 3.1 2.6 Employee Contributions — — 0.6 0.4 Settlement — — — (2.7 ) Benefits Paid (70.7 ) (91.2 ) (3.6 ) (1.1 ) Foreign Exchange Rate Changes — — 4.7 (8.9 ) Fair Value of Assets at End of Period $ 1,601.2 $ 1,380.1 $ 190.1 $ 166.7 The minimum required and maximum remaining deductible contributions for the U.S. Qualified Plan in 2020 are estimated to be zero and $275.0 million , respectively. During 2017, the investment strategy employed for Northern Trust's U.S. Qualified Plan was changed to utilize a dynamic glide path based on a set of pre-approved asset allocations to return-seeking and liability-hedging assets that vary in accordance with the U.S. Qualified Plan's projected benefit obligation funded ratio. In general, as the U.S. Qualified Plan’s projected benefit obligation funded ratio increases beyond an established threshold, the U.S. Qualified Plan’s allocation to liability-hedging assets will increase while the allocation to return-seeking assets will decrease. Conversely, a decrease in the U.S. Qualified Plan’s projected benefit obligation funded ratio beyond an established threshold will result in a decrease in the U.S. Qualified Plan’s allocation to liability-hedging assets and increase in the allocation to return-seeking assets. Liability-hedging assets include U.S. long credit bonds, U.S. long government bonds, and a custom completion strategy used to hedge more closely the liability duration of projected plan benefits with bond duration across all durations. Return-seeking assets include: U.S. equity, international developed equity, emerging markets equity, real estate, high yield bonds, global listed infrastructure, emerging market debt, private equity and hedge funds. Northern Trust utilizes an asset/liability methodology to determine the investment policies that will best meet its short and long-term objectives. The process is performed by modeling current and alternative strategies for asset allocation, funding policy and actuarial methods and assumptions. The financial modeling uses projections of expected capital market returns and expected volatility of those returns to determine alternative asset mixes having the greatest probability of meeting the U.S. Qualified Plan’s investment objectives. Risk tolerance is established through careful consideration of the U.S. Qualified Plan liabilities, funded status, and corporate financial condition. The intent of this strategy is to protect the U.S. Qualified Plan's healthy funded status and generate returns, which in combination with minimal voluntary contributions are expected to outpace the U.S. Qualified Plan's liability growth over the long run. The target allocation of the U.S. Qualified Plan assets since February 2019 is 45% U.S. long credit bonds, 10% U.S. long government bonds, 10% custom completion, 8% U.S. equities, 5% international developed equity, 3% emerging markets equity, 3% private real estate, 4% high yield bonds, 3% global listed infrastructure, 4% emerging market debt, 2% private equity, and 3% hedge funds. Equity investments include common stocks that are listed on an exchange and investments in commingled funds that invest primarily in publicly traded equities. Equity investments are diversified across U.S. and non-U.S. stocks and divided by investment style and market capitalization. Fixed income securities held include U.S. treasury securities and investments in commingled funds that invest in a diversified blend of longer duration fixed income securities; the custom completion strategy uses U.S. treasury securities and interest rate futures (or similar instruments) to align more closely with the target hedge ratio across maturities. Diversifying investments, including private equity, hedge funds, private real estate, emerging market debt, high yield bonds, and global listed infrastructure, are used judiciously to enhance long-term returns while improving portfolio diversification. Private equity assets consist primarily of investments in limited partnerships that invest in individual companies in the form of non-public equity or non-public debt positions. Direct or co-investment in non-public stock by the U.S. Qualified Plan is prohibited. The U.S. Qualified Plan’s private equity investments are limited to 2% of the total limited partnership and the maximum allowable loss cannot exceed the commitment amount. The U.S. Qualified Plan invests in one hedge fund of funds, which invests, either directly or indirectly, in diversified portfolios of funds or other pooled investment vehicles. Investments in private real estate, high yield bonds, emerging market debt, and global listed infrastructure are designed to provide income and added diversification. Though not a primary strategy for meeting the U.S. Qualified Plan’s objectives, derivatives may be used from time to time, depending on the nature of the asset class to which they relate, to gain market exposure in an efficient and timely manner, to hedge foreign currency exposure or interest rate risk, or to alter the duration of a portfolio. There were five derivatives held by the U.S. Qualified Plan at December 31, 2019 . There were four derivatives held by the U.S. Qualified Plan at December 31, 2018 . Investment risk is measured and monitored on an ongoing basis through monthly liability measurements, periodic asset/liability studies, and quarterly investment portfolio reviews. Standards used to evaluate the U.S. Qualified Plan’s investment manager performance include, but are not limited to, the achievement of objectives, operation within guidelines and policy, and comparison against a relative benchmark. In addition, each manager of the investment funds held by the U.S. Qualified Plan is ranked against a universe of peers and compared to a relative benchmark. Total U.S. Qualified Plan performance analysis includes an analysis of the market environment, asset allocation impact on performance, risk and return relative to other ERISA plans, and manager impacts upon U.S. Qualified Plan performance. The following describes the hierarchy of inputs used to measure fair value and the primary valuation methodologies used by Northern Trust for the U.S. Qualified Plan assets measured at fair value. Level 1 – Quoted, active market prices for identical assets or liabilities. The U.S. Qualified Plan’s Level 1 investments are comprised of a mutual fund and domestic common stocks. The U.S. Qualified Plan’s Level 1 investments that are exchange traded are valued at the closing price reported by the respective exchanges on the day of valuation. Level 2 – Observable inputs other than Level 1 prices, such as quoted active market prices for similar assets or liabilities, quoted prices for identical or similar assets in inactive markets, and model-derived valuations in which all significant inputs are observable in active markets. The U.S. Qualified Plan’s Level 2 assets are comprised of U.S. government obligations and collective trust funds. The investments in collective trust funds fair values are calculated on a scheduled basis using the closing market prices and accruals of securities in the funds (total value of the funds) divided by the number of fund shares currently issued and outstanding. Redemptions of the collective trust funds occur by contract at the respective fund’s redemption date NAV. Level 3 – Valuation techniques in which one or more significant inputs are unobservable in the marketplace. The U.S. Qualified Plan’s Level 3 assets are comprised of private equity and hedge funds, which invest in underlying groups of investment funds or other pooled investment vehicles that are selected by the respective funds’ investment managers. The investment funds and the underlying investments held by these investment funds are valued at fair value. In determining the fair value of the underlying investments of each fund, the fund’s investment manager or general partner takes into account the estimated value reported by the underlying funds as well as any other considerations that may, in their judgment, increase or decrease such estimated value. The U.S. Qualified Plan’s Level 3 assets are also comprised of real estate funds, which invest in real estate assets. The investment in properties by the real estate funds are carried at fair value, which is estimated based on the price that would be received to sell an asset in an orderly transaction between marketplace participants at the measurement date. The valuation plan for each real estate investment is subject to review on an annual basis which is based on either an external appraisal from appraisal firms or internal valuations prepared by the real estate fund's investment advisor. While Northern Trust believes its valuation methods for U.S. Qualified Plan assets are appropriate and consistent with other market participants, the use of different methodologies or assumptions, particularly as applied to Level 3 assets, could have a material effect on the computation of the estimated fair values. The following table presents the fair values of Northern Trust’s U.S. Qualified Plan assets, by major asset category, and their level within the fair value hierarchy defined by GAAP as of December 31, 2019 and 2018 . TABLE 120: FAIR VALUE OF U.S. QUALIFIED PLAN ASSETS DECEMBER 31, 2019 (In Millions) LEVEL 1 LEVEL 2 LEVEL 3 TOTAL Domestic Common Stock $ 12.3 $ — $ — $ 12.3 Domestic Corporate Bonds — 254.6 — 254.6 Foreign Corporate Bonds — 45.0 — 45.0 U.S. Government Obligations — 168.3 — 168.3 Non-U.S. Government Obligations — 18.8 — 18.8 Domestic Municipal and Provincial Bonds — 23.1 — 23.1 Foreign Municipal and Provincial Bonds — 0.3 — 0.3 Collective Trust Funds — 866.6 — 866.6 Mutual Funds 112.8 — — 112.8 Northern Trust Private Equity Funds — — 20.3 20.3 Northern Trust Hedge Funds — — 30.2 30.2 Real Estate Funds — — 46.3 46.3 Cash and Other 2.6 — — 2.6 Total Assets at Fair Value $ 127.7 $ 1,376.7 $ 96.8 $ 1,601.2 DECEMBER 31, 2018 (In Millions) LEVEL 1 LEVEL 2 LEVEL 3 TOTAL Domestic Common Stock $ 27.7 $ — $ — $ 27.7 Domestic Corporate Bonds — 227.6 — 227.6 Foreign Corporate Bonds — 34.2 — 34.2 U.S. Government Obligations — 155.5 — 155.5 Non-U.S. Government Obligations — 15.1 — 15.1 Domestic Municipal and Provincial Bonds — 22.7 — 22.7 Foreign Municipal and Provincial Bonds — 2.0 — 2.0 Collective Trust Funds — 745.8 — 745.8 Mutual Funds 92.4 — — 92.4 Exchange Traded Fund 0.1 — — 0.1 Northern Trust Private Equity Funds — — 25.5 25.5 Northern Trust Hedge Funds — — 29.2 29.2 Cash and Other 2.3 — — 2.3 Total Assets at Fair Value $ 122.5 $ 1,202.9 $ 54.7 $ 1,380.1 The following table presents the changes in Level 3 assets for the years ended December 31, 2019 and 2018 . TABLE 121: CHANGE IN U.S. QUALIFIED PLAN LEVEL 3 ASSETS PRIVATE EQUITY FUNDS HEDGE FUNDS REAL ESTATE FUNDS (In Millions) 2019 2018 2019 2018 2019 2018 Fair Value at January 1 $ 25.5 $ 29.3 $ 29.2 $ 44.6 $ — $ — Actual Return on Plan Assets (1) (2.8 ) (1.5 ) 1.2 (2.7 ) 0.2 — Realized Gain 7.4 8.7 — 2.4 — — Purchases 0.1 0.3 — — 46.1 — Sales (9.9 ) (11.3 ) (0.2 ) (15.1 ) — — Fair Value at December 31 $ 20.3 $ 25.5 $ 30.2 $ 29.2 $ 46.3 $ — (1) The return on plan assets represents the change in the unrealized gain (loss) on assets still held at December 31. A building block approach is employed for Northern Trust’s U.S. Qualified Plan in determining the long-term rate of return for plan assets. Historical markets and long-term historical relationships between equities, fixed income and other asset classes are studied using the widely accepted capital market principle that assets with higher volatility generate a greater return over the long-run. Current market factors such as inflation expectations and interest rates are evaluated before long-term capital market assumptions are determined. The long-term portfolio rate of return is established with consideration given to diversification and rebalancing. The rate is reviewed against peer data and historical returns to verify the return is reasonable and appropriate. Based on this approach and the U.S. Qualified Plan’s target asset allocation, the expected long-term rate of return on assets as of the U.S. Qualified Plan’s December 31, 2019 measurement date was set at 5.25% . Postretirement Health Care. Northern Trust maintains an unfunded postretirement health care plan under which those employees who retire at age 55 or older under the provisions of the U.S. defined benefit plan and had attained 15 years of service as of December 31, 2011 may be eligible for subsidized postretirement health care coverage. The provisions of this health care plan may be changed further at the discretion of Northern Trust, which also reserves the right to terminate these benefits at any time. The following tables set forth the postretirement health care plan status and amounts included in AOCI at December 31, 2019 and 2018 , the net periodic postretirement benefit cost of the plan for 2019 and 2018 , and the change in the accumulated postretirement benefit obligation during 2019 and 2018 . TABLE 122: POSTRETIREMENT HEALTH CARE PLAN STATUS DECEMBER 31, (In Millions) 2019 2018 Accumulated Postretirement Benefit Obligation at Measurement Date: Retirees and Dependents $ 25.2 $ 23.5 Actives Eligible for Benefits 3.6 4.6 Net Postretirement Benefit Obligation $ 28.8 $ 28.1 TABLE 123: AMOUNTS INCLUDED IN ACCUMULATED OTHER COMPREHENSIVE INCOME DECEMBER 31, (In Millions) 2019 2018 Net Actuarial (Gain) Loss $ (5.4 ) $ (6.5 ) Prior Service Cost — — Gross Amount in Accumulated Other Comprehensive Income (5.4 ) (6.5 ) Income Tax Effect (1.4 ) (2.2 ) Net Amount in Accumulated Other Comprehensive Income $ (4.0 ) $ (4.3 ) TABLE 124: NET PERIODIC POSTRETIREMENT EXPENSE (BENEFIT) FOR THE YEAR ENDED DECEMBER 31, (In Millions) 2019 2018 2017 Service Cost $ — $ — $ 0.1 Interest Cost 1.2 1.3 1.4 Expected Return on Plan Assets — — — Amortization Net Gain (1.1 ) — — Prior Service Benefit — — — Net Periodic Postretirement Expense $ 0.1 $ 1.3 $ 1.5 TABLE 125: CHANGE IN ACCUMULATED POSTRETIREMENT BENEFIT OBLIGATION FOR THE YEAR ENDED DECEMBER 31, (In Millions) 2019 2018 Beginning Balance $ 28.1 $ 34.4 Service Cost — — Interest Cost 1.2 1.3 Actuarial Loss (Gain) 0.2 (6.7 ) Net Claims Paid (0.7 ) (0.9 ) Ending Balance $ 28.8 $ 28.1 Northern Trust uses the aggregate Pri-2012 mortality table with a 2012 base year and proposed future improvements under scale MP-2019, as released by the Society of Actuaries in October 2019. These assumptions were updated at December 31, 2019 from the aggregate table RP-2014 and improvement scale MP-2018. TABLE 126: ESTIMATED FUTURE BENEFIT PAYMENTS (In Millions) TOTAL 2020 $ 2.5 2021 2.4 2022 2.3 2023 2.2 2024 2.1 2025-2029 9.6 The weighted average discount rate used in determining the accumulated postretirement benefit obligation was 3.37% at December 31, 2019 , and 4.47% at December 31, 2018 . For measurement purposes, a 6.25% annual increase in the cost of pre-age 65 medical benefits and post-age 65 medical benefits were assumed for 2019 . For drug claims, an 8.25% annual increase in cost was assumed for 2019 . These rates are both assumed to gradually decrease until they reach 4.50% in 2027. The health care cost trend rate assumption has an effect on the amounts reported. Defined Contribution Plans. The Corporation and its subsidiaries maintain various defined contribution plans covering substantially all employees. The Corporation’s contribution to the U.S. plan and to certain European-based plans includes a matching component. The expense associated with defined contribution plans is charged to employee benefits and totaled $57.6 million in 2019 , $54.4 million in 2018 , and $53.4 million in 2017 .

Share-Based Compensation Plans

Share-Based Compensation Plans	12 Months Ended
	Dec. 31, 2019
Share-based Payment Arrangement [Abstract]
Share-Based Compensation Plans	Share-Based Compensation Plans Northern Trust recognizes expense for the grant-date fair value of share-based compensation granted to employees and non-employee directors. Total compensation expense for share-based payment arrangements to employees and the associated tax impacts were as follows for the periods presented. TABLE 127: TOTAL COMPENSATION EXPENSE FOR SHARE-BASED PAYMENT ARRANGEMENTS TO EMPLOYEES FOR THE YEAR ENDED DECEMBER 31, (In Millions) 2019 2018 2017 Restricted Stock Unit Awards $ 81.4 $ 96.3 $ 87.3 Stock Options 1.4 2.6 9.0 Performance Stock Units 25.1 32.0 31.7 Total Share-Based Compensation Expense $ 107.9 $ 130.9 $ 128.0 Tax Benefits Recognized $ 26.7 $ 32.5 $ 48.7 As of December 31, 2019 , there was $77.7 million of unrecognized compensation cost related to unvested share-based compensation arrangements granted under the Corporation’s share-based compensation plans. That cost is expected to be recognized as expense over a weighted-average period of approximately two years . The Northern Trust Corporation 2017 Long-Term Incentive Plan (2017 Plan) is administered by the Compensation and Benefits Committee (Committee) of the Board of Directors. All employees of the Corporation and its subsidiaries and all directors of the Corporation are eligible to receive awards under the 2017 Plan. The 2017 Plan provides for the grant of non-qualified and incentive stock options; tandem and free-standing stock appreciation rights; stock awards in the form of restricted stock, restricted stock units and other stock awards; and performance awards. Beginning with grants made on February 21, 2017 under the Northern Trust Corporation 2012 Stock Plan (2012 Plan), restricted stock unit and performance stock unit grants continue to vest in accordance with the original terms of the award if the applicable employee retires after satisfying applicable age and service requirements. For all applicable periods, stock option grants continue to vest in accordance with the original terms of the award if the employee meets applicable age and service requirements upon separation from service. Grants are outstanding under the 2017 Plan, the 2012 Plan, and the Amended and Restated Northern Trust Corporation 2002 Stock Plan (2002 Plan). The 2017 Plan was approved by stockholders in April 2017. Upon approval of the 2017 Plan, no additional shares have been or will be granted under the 2012 Plan or 2002 Plan. The total number of shares of the Corporation’s common stock authorized for issuance under the 2017 Plan is 20,000,000 plus shares forfeited under the 2012 Plan and 2002 Plan. As of December 31, 2019 , shares available for future grant under the 2017 Plan, including shares forfeited under the 2012 Plan and 2002 Plan, totaled 18,234,658 . The following describes Northern Trust’s share-based payment arrangements and applies to awards under the 2017 Plan, 2012 Plan and the 2002 Plan, as applicable. Stock Options. Stock options consist of options to purchase common stock at prices not less than 100% of the fair value thereof on the date the options are granted. Options have a maximum 10 year life and generally vest and become exercisable in 1 year to 4 years after the date of grant. All options terminate at such time as determined by the Committee and as provided in the terms and conditions of the respective option grants. There were no options granted during the years ended December 31, 2019 and 2018 . The weighted-average assumptions used for options granted during the year ended December 31, 2017 are as follows: TABLE 128: WEIGHTED-AVERAGE ASSUMPTIONS USED FOR OPTIONS GRANTED 2017 Expected Term (in Years) 6.9 Dividend Yield 1.81 % Expected Volatility 23.2 Risk-Free Interest Rate 2.11 The expected term of options represents the period of time options granted are expected to be outstanding based primarily on the historical exercise behavior attributable to previous option grants. Dividend yield represents the estimated yield from dividends paid on the Corporation’s common stock over the expected term of the options. Expected volatility is determined based on a combination of the historical volatility of Northern Trust’s stock price and the implied volatility of traded options on Northern Trust stock. The risk-free interest rate is based on the U.S. Treasury yield curve at the time of grant for a period equal to the expected term of the options granted. The following table provides information about stock options granted, vested, and exercised in the years ended December 31, 2019 , 2018 , and 2017 . TABLE 129: STOCK OPTIONS GRANTED, VESTED, AND EXERCISED FOR THE YEAR ENDED DECEMBER 31, (In Millions, Except Per Share Information) 2019 2018 2017 Weighted Average Grant-Date Per Share Fair Value of Stock Options Granted $ — $ — $ 19.18 Grant-Date Fair Value of Stock Options Vested 6.6 8.1 7.3 Stock Options Exercised Intrinsic Value as of Exercise Date 35.4 28.5 74.7 Cash Received 44.0 32.6 108.0 Tax Deduction Benefits Realized 35.2 27.7 73.1 The following is a summary of changes in nonvested stock options for the year ended December 31, 2019 . TABLE 130: CHANGES IN NONVESTED STOCK OPTIONS NONVESTED OPTIONS SHARES WEIGHTED- AVERAGE GRANT-DATE Nonvested at December 31, 2018 757,738 $ 17.36 Granted — — Vested (372,799 ) 17.26 Forfeited or Cancelled — — Nonvested at December 31, 2019 384,939 $ 17.45 A summary of the status of stock options at December 31, 2019 , and changes during the year then ended, are presented in the table below. TABLE 131: STATUS OF STOCK OPTIONS AND CHANGES ($ In Millions Except Per Share Information) SHARES WEIGHTED AVERAGE EXERCISE PRICE PER SHARE WEIGHTED AVERAGE REMAINING CONTRACTUAL TERM (YEARS) AGGREGATE INTRINSIC VALUE Options Outstanding, December 31, 2018 2,481,061 $ 61.90 Granted — — Exercised (786,931 ) 55.91 Forfeited, Expired or Cancelled 2,806 53.10 Options Outstanding, December 31, 2019 1,696,936 $ 64.77 4.1 $ 70.4 Options Exercisable, December 31, 2019 1,311,997 $ 61.42 3.8 $ 58.5 Restricted Stock Unit Awards. Restricted stock unit awards may be granted to participants which entitle them to receive a payment in the Corporation’s common stock or cash and such other terms and conditions as the Committee deems appropriate. Each restricted stock unit provides the recipient the opportunity to receive one share of stock for each stock unit that vests. The restricted stock units granted in 2019 predominately vest at a rate equal to 25% each year for four years on the anniversary of the first day of the month following the month in which the grant date falls. Restricted stock unit grants totaled 855,112 , 815,314 , and 863,308 , with weighted average grant-date fair values of $91.89 , $103.74 , and $88.19 per share, for the years ended December 31, 2019 , 2018 , and 2017 , respectively. The total fair value of restricted stock units vested during the years ended December 31, 2019 , 2018 , and 2017 , was $89.3 million , $66.4 million , and $88.7 million , respectively. A summary of the status of outstanding restricted stock unit awards at December 31, 2019 , and changes during the year then ended, is presented in the following table. TABLE 132: OUTSTANDING RESTRICTED STOCK UNIT AWARDS ($ In Millions) NUMBER AGGREGATE INTRINSIC VALUE Restricted Stock Unit Awards Outstanding, December 31, 2018 3,121,842 $ 261.0 Granted 855,112 Distributed (1,271,190 ) Forfeited (61,002 ) Restricted Stock Unit Awards Outstanding, December 31, 2019 2,644,762 $ 281.0 Units Convertible, December 31, 2019 23,435 $ 2.5 The following is a summary of nonvested restricted stock unit awards at December 31, 2019 , and changes during the year then ended. TABLE 133: NONVESTED RESTRICTED STOCK UNIT AWARDS NONVESTED RESTRICTED NUMBER WEIGHTED AVERAGE GRANT- DATE FAIR VALUE PER UNIT WEIGHTED AVERAGE REMAINING VESTING TERM (YEARS) Nonvested at December 31, 2018 2,977,120 $ 79.92 1.9 Granted 855,112 91.89 Vested (1,147,020 ) 72.17 Forfeited (61,002 ) 77.64 Nonvested at December 31, 2019 2,624,210 $ 87.26 1.7 Performance Stock Units. Each performance stock unit provides the recipient the opportunity to receive one share of the Corporation’s common stock for each stock unit at the end of a three -year performance period, subject to the attainment of specified performance targets that are a function of return on equity. For performance stock units outstanding as of December 31, 2019 , and granted in 2017, 2018, or 2019, the number of such units that may vest ranges from 0% to 150% of the original award granted based on the attainment of the applicable 3 -year average annual return on equity target. Distribution of the shares is then made after vesting. Performance stock unit grants totaled 213,044 , 242,232 , and 231,269 for the years ended December 31, 2019 , 2018 , and 2017 , respectively, with weighted average grant-date fair values of $93.00 , $104.72 , and $69.80 . Performance stock units outstanding at target level performance totaled 667,741 , 797,531 , and 817,432 at December 31, 2019 , 2018 , and 2017 , respectively. Performance stock units had aggregate intrinsic values of $70.9 million, $66.7 million , and $81.7 million , and weighted average remaining vesting terms of 1.0 year , 1.0 year , and 1.1 years , at December 31, 2019 , 2018 , and 2017 , respectively. Non-employee Director Stock Awards. Stock units with total values of $1.3 million ( 14,232 units ), $1.2 million ( 11,363 units ), and $1.2 million ( 13,354 units ) were granted to non-employee directors in 2019 , 2018 , and 2017 , respectively, which vest or vested on the date of the annual meeting of the Corporation’s stockholders in the following years. Total expense recognized on these grants was $1.4 million , $1.3 million , and $1.3 million in 2019 , 2018 , and 2017 , respectively. Stock units granted to non-employee directors do not have voting rights. Each stock unit entitles a director to one share of common stock at vesting, unless a director elects to defer receipt of the shares. Directors may elect to defer the payment of their annual stock unit grant and cash-based compensation until termination of services as director. Deferred cash compensation is converted into stock units representing shares of common stock of the Corporation. Distributions of deferred stock units are made in stock. For compensation deferred prior to January 1, 2018, distributions of the stock unit accounts that relate to cash-based compensation are made in cash based on the fair value of the stock units at the time of distribution. For compensation deferred on or after January 1, 2018, distributions of the stock unit accounts that relate to cash-based compensation are made in stock.

Cash-Based Compensation Plans

Cash-Based Compensation Plans	12 Months Ended
	Dec. 31, 2019
Compensation Related Costs [Abstract]
Cash-Based Compensation Plans	Cash-Based Compensation Plans Various incentive plans provide for cash incentives and bonuses to selected employees based upon accomplishment of corporate net income objectives, goals of the reporting segments and support functions, and individual performance. The provision for awards under these plans is charged to compensation expense and totaled $326.1 million in 2019 , $326.5 million in 2018 , and $289.8 million in 2017 .

Contingent Liabilities

Contingent Liabilities	12 Months Ended
	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Contingent Liabilities	Contingent Liabilities Legal Proceedings. In the normal course of business, the Corporation and its subsidiaries are routinely defendants in or parties to pending and threatened legal actions, and are subject to regulatory examinations, information-gathering requests, investigations, and proceedings, both formal and informal. In certain legal actions, claims for substantial monetary damages are asserted. In regulatory matters, claims for disgorgement, restitution, penalties and/or other remedial actions or sanctions may be sought. Based on current knowledge, after consultation with legal counsel and after taking into account current accruals, management does not believe that losses, fines or penalties, if any, arising from pending litigation or threatened legal actions or regulatory matters either individually or in the aggregate, after giving effect to applicable reserves and insurance coverage will have a material adverse effect on the consolidated financial position or liquidity of the Corporation, although such matters could have a material adverse effect on the Corporation’s operating results for a particular period. Under GAAP, (i) an event is “probable” if the “future event or events are likely to occur”; (ii) an event is “reasonably possible” if “the chance of the future event or events occurring is more than remote but less than likely”; and (iii) an event is “remote” if “the chance of the future event or events occurring is slight.” The outcome of litigation and regulatory matters is inherently difficult to predict and/or the range of loss often cannot be reasonably estimated, particularly for matters that (i) will be decided by a jury, (ii) are in early stages, (iii) involve uncertainty as to the likelihood of a class being certified or the ultimate size of the class, (iv) are subject to appeals or motions, (v) involve significant factual issues to be resolved, including with respect to the amount of damages, (vi) do not specify the amount of damages sought or (vii) seek very large damages based on novel and complex damage and liability legal theories. Accordingly, the Corporation cannot reasonably estimate the eventual outcome of these pending matters, the timing of their ultimate resolution or what the eventual loss, fines or penalties, if any, related to each pending matter will be. In accordance with applicable accounting guidance, the Corporation records accruals for litigation and regulatory matters when those matters present loss contingencies that are both probable and reasonably estimable. When loss contingencies are not both probable and reasonably estimable, the Corporation does not record accruals. No material accruals have been recorded for pending litigation or threatened legal actions or regulatory matters. For a limited number of matters for which a loss is reasonably possible in future periods, whether in excess of an accrued liability or where there is no accrued liability, the Corporation is able to estimate a range of possible loss. As of December 31, 2019 , the Corporation has estimated the range of reasonably possible loss for these matters to be from zero to approximately $20 million in the aggregate. The Corporation’s estimate with respect to the aggregate range of reasonably possible loss is based upon currently available information and is subject to significant judgment and a variety of assumptions and known and unknown uncertainties. The matters underlying the estimated range will change from time to time, and actual results may vary significantly from the current estimate. In certain other pending matters, there may be a range of reasonably possible loss (including reasonably possible loss in excess of amounts accrued) that cannot be reasonably estimated for the reasons described above. Such matters are not included in the estimated range of reasonably possible loss discussed above. In 2015, Northern Trust Fiduciary Services (Guernsey) Limited (NTFS), an indirect subsidiary of the Corporation, was charged by a French investigating magistrate judge with complicity in estate tax fraud in connection with the administration of two trusts for which it serves as trustee. Charges also were brought against a number of other persons and entities related to this matter. In 2017, a French court found no estate tax fraud had occurred and NTFS and all other persons and entities charged were acquitted. The Public Prosecutor’s Office of France appealed the court decision and in June 2018 a French appellate court issued its opinion on the matter, acquitting all persons and entities charged, including NTFS. The Public Prosecutor’s Office of France has appealed the appellate court’s decision to the Cour de Cassation, the highest court in France. As trustee, NTFS provided no tax advice and had no involvement in the preparation or filing of the challenged estate tax filings. Visa Class B Common Shares. Northern Trust, as a member of Visa U.S.A. Inc. (Visa U.S.A.) and in connection with the 2007 restructuring of Visa U.S.A. and its affiliates and the 2008 initial public offering of Visa Inc. (Visa), received certain Visa Class B common shares. The Visa Class B common shares are subject to certain selling restrictions until the final resolution of certain litigation related to interchange fees involving Visa (the covered litigation), at which time the shares are convertible into Visa Class A common shares based on a conversion rate dependent upon the ultimate cost of resolving the covered litigation. On June 28, 2018, and September 27, 2019, Visa deposited an additional $600 million and $300 million , respectively, into an escrow account previously established with respect to the covered litigation. As a result of the additional contributions to the escrow account, the rate at which Visa Class B common shares will convert into Visa Class A common shares was reduced. In September 2018, Visa reached a proposed class settlement agreement covering damage claims but not injunctive relief claims regarding the covered litigation. In December 2019, the district court granted final approval for the proposed class settlement agreement. Certain merchants have opted out of the class settlement and are pursuing claims separately, while other merchants have appealed the approval order granted by the district court. The ultimate resolution of the covered litigation, the timing for removal of the selling restrictions on the Visa Class B common shares and the rate at which such shares will ultimately convert into Visa Class A common shares are uncertain. In June 2016 and 2015, Northern Trust recorded a $123.1 million and $99.9 million net gain on the sale of 1.1 million and 1.0 million of its Visa Class B common shares, respectively. These sales do not affect Northern Trust’s risk related to the impact of the covered litigation on the rate at which such shares will ultimately convert into Visa Class A common shares. Northern Trust continued to hold approximately 4.1 million Visa Class B common shares, which are recorded at their original cost basis of zero , as of both December 31, 2019 and 2018 . Clearing and Settlement Organizations. The Bank is a participating member of various cash, securities, and foreign exchange clearing and settlement organizations. It participates in these organizations on behalf of its clients and on its own behalf as a result of its own activities. A wide variety of cash and securities transactions are settled through these organizations, including those involving obligations of states and political subdivisions, asset-backed securities, commercial paper, dollar placements, and securities issued by the Government National Mortgage Association. As a result of its participation in cash, securities, and foreign exchange clearing and settlement organizations, the Bank could be responsible for a pro rata share of certain credit-related losses arising out of the clearing activities. The method in which such losses would be shared by the clearing members is stipulated in each clearing organization’s membership agreement. Credit exposure related to these agreements varies from day to day, primarily as a result of fluctuations in the volume of transactions cleared through the organizations. At December 31, 2019 and 2018 , we have not recorded any material liabilities under these arrangements. Controls related to these clearing transactions are closely monitored by management to protect the assets of Northern Trust and its clients.

Derivative Financial Instrument

Derivative Financial Instruments	12 Months Ended
	Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments Northern Trust is a party to various derivative financial instruments that are used in the normal course of business to meet the needs of its clients, as part of its trading activity for its own account; and as part of its risk management activities. These instruments may include foreign exchange contracts, interest rate contracts, total return swap contracts, and swaps related to the sale of certain Visa Class B common shares. Please refer to Note 1, “Summary of Significant Accounting Policies” for the significant accounting policies for derivative financial instruments. Foreign exchange contracts are agreements to exchange specific amounts of currencies at a future date, at a specified rate of exchange. Foreign exchange contracts are entered into primarily to meet the foreign exchange needs of clients. Foreign exchange contracts are also used for trading and risk management purposes. For risk management purposes, Northern Trust uses foreign exchange contracts to reduce its exposure to changes in foreign exchange rates relating to certain forecasted non-functional currency denominated revenue and expenditure transactions, foreign-currency- denominated assets and liabilities, including debt securities and net investments in non-U.S. affiliates. Interest rate contracts include swap and option contracts. Interest rate swap contracts involve the exchange of fixed and floating rate interest payment obligations without the exchange of the underlying principal amounts. Northern Trust enters into interest rate swap contracts with its clients and also may utilize such contracts to reduce or eliminate the exposure to changes in the cash flows or fair value of hedged assets or liabilities due to changes in interest rates. Interest rate option contracts may include caps, floors, collars and swaptions, and provide for the transfer or reduction of interest rate risk, typically in exchange for a fee. Northern Trust enters into option contracts as a seller of interest rate protection to clients. Northern Trust receives a fee at the outset of the agreement for the assumption of the risk of an unfavorable change in interest rates. This assumed interest rate risk is then mitigated by entering into an offsetting position with an outside counterparty. Northern Trust may also purchase or enter into option contracts for risk management purposes including to reduce the exposure to changes in the cash flows of hedged assets due to changes in interest rates. The following table shows the notional and fair values of all derivative financial instruments as of December 31, 2019 and 2018 . TABLE 134: NOTIONAL AND FAIR VALUES OF DERIVATIVE FINANCIAL INSTRUMENTS DECEMBER 31, 2019 DECEMBER 31, 2018 FAIR VALUE FAIR VALUE (In Millions) NOTIONAL VALUE ASSET (1) LIABILITY (2) NOTIONAL VALUE ASSET (1) LIABILITY (2) Derivatives Designated as Hedging under GAAP Interest Rate Contracts Fair Value Hedges $ 4,538.2 $ 20.3 $ 20.9 $ 4,590.4 $ 29.8 $ 23.3 Cash Flow Hedges 200.0 0.2 0.2 600.0 0.2 1.2 Foreign Exchange Contracts Cash Flow Hedges 1,661.5 8.5 11.5 2,648.2 13.8 57.8 Net Investment Hedges 2,873.8 73.7 11.9 3,475.1 292.4 14.5 Total Derivatives Designated as Hedging under GAAP $ 9,273.5 $ 102.7 $ 44.5 $ 11,313.7 $ 336.2 $ 96.8 Derivatives Not Designated as Hedging under GAAP Non-Designated Risk Management Derivatives Foreign Exchange Contracts $ 176.5 $ 0.9 $ 0.7 $ 122.2 $ 0.5 $ 0.2 Other Financial Derivatives (3) 640.3 — 33.4 483.4 1.3 32.8 Total Non-Designated Risk Management Derivatives $ 816.8 $ 0.9 $ 34.1 $ 605.6 $ 1.8 $ 33.0 Client-Related and Trading Derivatives Foreign Exchange Contracts $ 291,533.6 $ 3,151.7 $ 3,158.1 $ 281,864.4 $ 2,159.4 $ 2,190.0 Interest Rate Contracts 8,976.8 132.4 76.3 7,711.2 66.1 68.6 Total Client-Related and Trading Derivatives $ 300,510.4 $ 3,284.1 $ 3,234.4 $ 289,575.6 $ 2,225.5 $ 2,258.6 Total Derivatives Not Designated as Hedging under GAAP $ 301,327.2 $ 3,285.0 $ 3,268.5 $ 290,181.2 $ 2,227.3 $ 2,291.6 Total Gross Derivatives $ 310,600.7 $ 3,387.7 $ 3,313.0 $ 301,494.9 $ 2,563.5 $ 2,388.4 Less: Netting (4) 2,338.0 1,618.4 1,357.1 1,796.3 Total Derivative Financial Instruments $ 1,049.7 $ 1,694.6 $ 1,206.4 $ 592.1 (1) Derivative assets are reported in Other Assets on the consolidated balance sheets. (2) Derivative liabilities are reported in Other Liabilities on the consolidated balance sheets. (3) This line includes swaps related to sales of certain Visa Class B common shares and total return swap contracts. (4) See further detail in Note 28, "Offsetting of Assets and Liabilities." Notional amounts of derivative financial instruments do not represent credit risk, and are not recorded in the consolidated balance sheets. They are used merely to express the volume of this activity. Northern Trust’s credit-related risk of loss is limited to the positive fair value of the derivative instrument, net of any collateral received, which is significantly less than the notional amount. Hedging Derivative Instruments Designated under GAAP. Northern Trust uses derivative instruments to hedge its exposure to foreign currency, interest rate, and equity price. Certain hedging relationships are formally designated and qualify for hedge accounting under GAAP as fair value, cash flow or net investment hedges. Other derivatives that are entered into for risk management purposes as economic hedges are not formally designated as hedges and changes in fair value are recognized currently in other operating income (see below section “Derivative Instruments Not Designated as Hedging under GAAP”). Fair Value Hedges. Derivatives are designated as fair value hedges to limit Northern Trust’s exposure to changes in the fair value of assets and liabilities due to movements in interest rates. Cash Flow Hedges. Derivatives are also d esignated as cash flow hedges in order to minimize the variability in cash flows of earning assets or forecasted transactions caused by movements in interest or foreign exchange rates. There were no material gains or losses reclassified into earnings during the years ended December 31, 2019 , 2018 , and 2017 as a result of the discontinuance of forecasted transactions that were no longer probable of occurring. It is estimated that net losses of $2.9 million and net gains of $2.7 million will be reclassified into net income within the next twelve months relating to cash flow hedges of foreign-currency-denominated transactions and cash flow hedges of foreign-currency-denominated debt securities, respectively. It is estimated that a net loss of $0.1 million will be reclassified into net income upon the receipt of interest payments on earning assets within the next twelve months relating to cash flow hedges of available for sale debt securities. As of December 31, 2019 , 23 months was the maximum length of time over which the exposure to variability in future cash flows of forecasted foreign-currency-denominated transactions was being hedged. There was no ineffectiveness recognized in earnings for cash flow hedges during the year ended December 31, 2017. The following table provides fair value and cash flow hedge derivative gains and losses recognized in income during the years ended December 31, 2019 , 2018 and 2017 . TABLE 135: LOCATION AND AMOUNT OF FAIR VALUE AND CASH FLOW HEDGE DERIVATIVE GAINS AND LOSSES RECORDED IN INCOME (in Millions) INTEREST INCOME INTEREST EXPENSE OTHER OPERATING INCOME OTHER OPERATING EXPENSE For the Year Ended December 31, 2019 2018 2017 2019 2018 2017 2019 2018 2017 2019 2018 2017 Total amounts on the consolidated statements of income $ 2,499.9 $ 2,321.4 $ 1,769.4 $ 822.0 $ 698.7 $ 340.2 $ 145.5 $ 127.5 $ 157.5 $ 329.8 $ 330.6 $ 331.6 Gains (Losses) on fair value hedges recognized on Interest Rate Contracts Recognized on derivatives (95.9 ) 13.9 8.8 99.4 (9.5 ) (24.3 ) — — — — — — Recognized on hedged items 95.9 (13.9 ) (8.8 ) (99.4 ) 9.5 24.3 — — — — — — Amounts related to interest settlements on derivatives 21.2 17.8 (9.6 ) 5.2 7.9 27.7 — — — — — — Total gains (losses) recognized on fair value hedges $ 21.2 $ 17.8 $ (9.6 ) $ 5.2 $ 7.9 $ 27.7 $ — $ — $ — $ — $ — $ — Gains (Losses) on cash flow hedges recognized on Foreign Exchange Contracts Net gains (losses) reclassified from AOCI to net income 26.4 67.4 19.3 — — — 0.8 3.9 5.0 — — (0.1 ) Interest Rate Contracts Net gains (losses) reclassified from AOCI to net income (0.5 ) (0.2 ) 0.3 — — — — — — — — — Total gains (losses) reclassified from AOCI to net income on cash flow hedges $ 25.9 $ 67.2 $ 19.6 $ — $ — $ — $ 0.8 $ 3.9 $ 5.0 $ — $ — $ (0.1 ) The following table provides the impact of fair value hedge accounting on the carrying value of the designated hedged items as of December 31, 2019 and 2018 . TABLE 136: HEDGED ITEMS IN FAIR VALUE HEDGES DECEMBER 31, 2019 DECEMBER 31, 2018 (In Millions) CARRYING VALUE OF THE HEDGED ITEMS CUMULATIVE HEDGE ACCOUNTING BASIS ADJUSTMENT (1) CARRYING VALUE OF THE HEDGED ITEMS CUMULATIVE HEDGE ACCOUNTING BASIS ADJUSTMENT (2) Available for Sale Debt Securities (3) $ 2,981.0 $ 3.3 $ 3,831.6 $ 99.4 Senior Notes and Long-Term Subordinated Debt 1,748.5 126.9 1,248.8 29.3 Total $ 4,729.5 $ 130.2 $ 5,080.4 $ 128.7 (1) The cumulative hedge accounting basis adjustment includes $1.5 million related to discontinued hedging relationships of available for sale debt securities as of December 31, 2019 . There are no amounts related to discontinued hedging relationships in the cumulative hedge accounting basis adjustment of senior notes and long-term debt as of December 31, 2019 . (2) There are no amounts related to discontinued hedging relationships as of December 31, 2018 . (3) Carrying value represents amortized cost. Net Investment Hedges. Certain foreign exchange contracts are designated as net investment hedges to minimize Northern Trust’s exposure to variability in the foreign currency translation of net investments in non-U.S. branches and subsidiaries. Net investment hedge gains of $59.7 million and $173.0 million were recognized in AOCI related to foreign exchange contracts for the years ended December 31, 2019 and 2018 , respectively. There was no ineffectiveness recognized in earnings for net investment hedges during the year ended December 31, 2017 . Derivative Instruments Not Designated as Hedging under GAAP. Northern Trust’s derivative instruments that are not designated as hedging under GAAP include derivatives for purposes of client-related and trading activities, as well as other risk management purposes. These activities consist principally of providing foreign exchange services to clients in connection with Northern Trust’s global custody business. However, in the normal course of business, Northern Trust also engages in trading of currencies for its own account. Non-designated risk management derivatives include foreign exchange contracts entered into to manage the foreign currency risk of non-U.S.-dollar-denominated assets and liabilities, the net investment in certain non-U.S. affiliates, commercial loans, and forecasted foreign-currency-denominated transactions. Swaps related to sales of certain Visa Class B common shares were entered into pursuant to which Northern Trust retains the risks associated with the ultimate conversion of the Visa Class B common shares into Visa Class A common shares. Total return swaps are entered into to manage the equity price risk associated with certain investments. Changes in the fair value of derivative instruments not designated as hedges under GAAP are recognized currently in income. The following table provides the location and amount of gains and losses recorded in the consolidated statements of income for the years ended December 31, 2019 , 2018 , and 2017 for derivative instruments not designated as hedges under GAAP. TABLE 137: LOCATION AND AMOUNT OF GAINS AND LOSSES RECORDED IN INCOME FOR DERIVATIVES NOT DESIGNATED AS HEDGING UNDER GAAP (In Millions) DERIVATIVE GAINS (LOSSES) LOCATION RECOGNIZED IN INCOME AMOUNT OF DERIVATIVE GAINS (LOSSES) RECOGNIZED IN INCOME 2019 2018 2017 Non-designated risk management derivatives Foreign Exchange Contracts Other Operating Income $ (1.6 ) $ (4.1 ) $ 8.2 Other Financial Derivatives (1) Other Operating Income (20.0 ) (19.2 ) (13.3 ) Gains (Losses) from non-designated risk management derivatives $ (21.6 ) $ (23.3 ) $ (5.1 ) Client-related and trading derivatives Foreign Exchange Contracts Foreign Exchange Trading Income 250.9 307.2 209.9 Interest Rate Contracts Security Commissions and Trading Income 12.9 7.7 10.7 Gains (Losses) from client-related and trading derivatives $ 263.8 $ 314.9 $ 220.6 Total gains (losses) from derivatives not designated as hedging under GAAP $ 242.2 $ 291.6 $ 215.5 (1) This line includes swaps related to the sale of certain Visa Class B common shares and total return swap contracts.

Offsetting of Assets and Liabil

Offsetting of Assets and Liabilities	12 Months Ended
	Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Offsetting of Assets and Liabilities	Offsetting of Assets and Liabilities The following table provides information regarding the offsetting of derivative assets and of securities purchased under agreements to resell within the consolidated balance sheets as of December 31, 2019 and 2018 . TABLE 138: OFFSETTING OF DERIVATIVE ASSETS AND SECURITIES PURCHASED UNDER AGREEMENTS TO RESELL December 31, 2019 (In Millions) GROSS RECOGNIZED ASSETS GROSS AMOUNTS OFFSET IN THE BALANCE SHEET (2) NET AMOUNTS PRESENTED IN THE BALANCE SHEET GROSS AMOUNTS NOT OFFSET IN THE BALANCE SHEET NET AMOUNT (4) Derivative Assets (1) Foreign Exchange Contracts Over the Counter (OTC) $ 2,691.1 $ 2,334.1 $ 357.0 $ 16.5 $ 340.5 Interest Rate Swaps OTC 151.9 3.9 148.0 — 148.0 Interest Rate Swaps Exchange Cleared 1.0 — 1.0 — 1.0 Total Derivatives Subject to a Master Netting Arrangement 2,844.0 2,338.0 506.0 16.5 489.5 Total Derivatives Not Subject to a Master Netting Arrangement 543.7 — 543.7 0.3 543.4 Total Derivatives 3,387.7 2,338.0 1,049.7 16.8 1,032.9 Securities Purchased under Agreements to Resell (3) $ 707.8 $ — $ 707.8 $ 707.8 $ — December 31, 2018 (In Millions) GROSS GROSS AMOUNTS OFFSET IN THE BALANCE SHEET (2) NET AMOUNTS PRESENTED IN THE BALANCE SHEET GROSS AMOUNTS NOT OFFSET IN THE BALANCE SHEET NET (4) Derivative Assets (1) Foreign Exchange Contracts OTC $ 1,902.3 $ 1,308.8 $ 593.5 $ 12.7 $ 580.8 Interest Rate Swaps OTC 71.6 22.6 49.0 — 49.0 Interest Rate Swaps Exchange Cleared 24.5 24.4 0.1 — 0.1 Other Financial Derivative 1.3 1.3 — — — Total Derivatives Subject to a Master Netting Arrangement 1,999.7 1,357.1 642.6 12.7 629.9 Total Derivatives Not Subject to a Master Netting Arrangement 563.8 — 563.8 2.7 561.1 Total Derivatives 2,563.5 1,357.1 1,206.4 15.4 1,191.0 Securities Purchased under Agreements to Resell (3) $ 1,031.2 $ — $ 1,031.2 $ 1,031.2 $ — (1) Derivative assets are reported in Other Assets in the consolidated balance sheets. Other Assets (excluding derivative assets) totaled $7.4 billion and $4.6 billion as of December 31, 2019 and 2018 , respectively. (2) Including cash collateral received from counterparties. (3) Securities purchased under agreements to resell are reported in federal funds sold and securities purchased under agreements to resell in the consolidated balance sheets. Federal funds sold totaled $5.0 million and $134.0 million as of December 31, 2019 and 2018 , respectively. (4) Northern Trust did not possess any cash collateral that was not offset in the consolidated balance sheets that could have been used to offset the net amounts presented in the consolidated balance sheets as of December 31, 2019 and 2018 . The following table provides information regarding the offsetting of derivative liabilities and of securities sold under agreements to repurchase within the consolidated balance sheets as of December 31, 2019 and 2018 . TABLE 139: OFFSETTING OF DERIVATIVE LIABILITIES AND SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE December 31, 2019 (In Millions) GROSS RECOGNIZED LIABILITIES GROSS AMOUNTS OFFSET IN THE BALANCE SHEET (2) NET AMOUNTS PRESENTED IN THE BALANCE SHEET GROSS AMOUNTS NOT OFFSET IN THE BALANCE SHEET NET AMOUNT (3) Derivative Liabilities (1) Foreign Exchange Contracts OTC $ 2,181.6 $ 1,548.6 $ 633.0 $ 0.1 $ 632.9 Interest Rate Swaps OTC 96.7 57.3 39.4 — 39.4 Interest Rate Swaps Exchange Cleared 0.7 — 0.7 — 0.7 Other Financial Derivatives 33.4 12.5 20.9 — 20.9 Total Derivatives Subject to a Master Netting Arrangement 2,312.4 1,618.4 694.0 0.1 693.9 Total Derivatives Not Subject to a Master Netting Arrangement 1,000.6 — 1,000.6 — 1,000.6 Total Derivatives 3,313.0 1,618.4 1,694.6 0.1 1,694.5 Securities Sold under Agreements to Repurchase $ 489.7 $ — $ 489.7 $ 489.7 $ — December 31, 2018 (In Millions) GROSS GROSS AMOUNTS OFFSET IN THE BALANCE SHEET (2) NET AMOUNTS PRESENTED IN THE BALANCE SHEET GROSS AMOUNTS NOT OFFSET IN THE BALANCE SHEET NET (3) Derivative Liabilities (1) Foreign Exchange Contracts OTC $ 1,821.0 $ 1,751.7 $ 69.3 $ — $ 69.3 Interest Rate Swaps OTC 68.8 19.0 49.8 — 49.8 Interest Rate Swaps Exchange Cleared 24.4 24.4 — — — Other Financial Derivatives 32.8 1.2 31.6 — 31.6 Total Derivatives Subject to a Master Netting Arrangement 1,947.0 1,796.3 150.7 — 150.7 Total Derivatives Not Subject to a Master Netting Arrangement 441.4 — 441.4 — 441.4 Total Derivatives 2,388.4 1,796.3 592.1 — 592.1 Securities Sold under Agreements to Repurchase $ 168.3 $ — $ 168.3 $ 168.3 $ — (1) Derivative liabilities are reported in Other Liabilities in the consolidated balance sheets. Other Liabilities (excluding derivative liabilities) totaled $3.1 billion and $2.5 billion as of December 31, 2019 and 2018 , respectively. (2) Including cash collateral deposited with counterparties. (3) Northern Trust did not place any cash collateral with counterparties that was not offset in the consolidated balance sheets that could have been used to offset the net amounts presented in the consolidated balance sheets as of December 31, 2019 and 2018 . All of Northern Trust’s securities sold under agreements to repurchase (repurchase agreements) and securities purchased under agreements to resell (reverse repurchase agreements) involve the transfer of financial assets in exchange for cash subject to a right and obligation to repurchase those assets for an agreed upon amount. In the event of a repurchase failure, the cash or financial assets are available for offset. All of Northern Trust’s repurchase agreements and reverse repurchase agreements are subject to a master netting arrangement, which sets forth the rights and obligations for repurchase and offset. Under the master netting arrangement, Northern Trust is entitled to set off receivables from and collateral placed with a single counterparty against obligations owed to that counterparty. In addition, collateral held by Northern Trust can be offset against receivables from that counterparty. However, Northern Trust’s repurchase agreements and reverse repurchase agreements do not meet the requirements to net under GAAP. Derivative asset and liability positions with a single counterparty can be offset against each other in cases where legally enforceable master netting arrangements or similar agreements exist. Derivative assets and liabilities can be further offset by cash collateral received from, and deposited with, the transacting counterparty. The basis for this view is that, upon termination of transactions subject to a master netting arrangement or similar agreement, the individual derivative receivables do not represent resources to which general creditors have rights and individual derivative payables do not represent claims that are equivalent to the claims of general creditors. Credit risk associated with derivative instruments relates to the failure of the counterparty and the failure of Northern Trust to pay based on the contractual terms of the agreement, and is generally limited to the unrealized fair value gains and losses on these instruments, net of any collateral received or deposited. The amount of credit risk will increase or decrease during the lives of the instruments as interest rates, foreign exchange rates, or equity prices fluctuate. Northern Trust’s risk is controlled by limiting such activity to an approved list of counterparties and by subjecting such activity to the same credit and quality controls as are followed in lending and investment activities. Credit Support Annexes and other similar agreements are currently in place with a number of Northern Trust’s counterparties which mitigate the aforementioned credit risk associated with derivative activity conducted with those counterparties by requiring that significant net unrealized fair value gains be supported by collateral placed with Northern Trust. Additional cash collateral received from and deposited with derivative counterparties totaling $196.3 million and $2.0 million , respectively, as of December 31, 2019 , and $27.6 million and $91.5 million , respectively, as of December 31, 2018 , was not offset against derivative assets and liabilities on the consolidated balance sheets as the amounts exceeded the net derivative positions with those counterparties. Certain master netting arrangements Northern Trust enters into with derivative counterparties contain credit risk-related contingent features in which the counterparty has the option to declare Northern Trust in default and accelerate cash settlement of net derivative liabilities with the counterparty in the event Northern Trust’s credit rating falls below specified levels. The aggregate fair value of all derivative instruments with credit-risk-related contingent features that were in a liability position was $766.2 million and $324.1 million at December 31, 2019 and 2018 , respectively. Cash collateral amounts deposited with derivative counterparties on those dates included $327.1 million and $316.5 million , respectively, posted against these liabilities, resulting in a net maximum amount of termination payments that could have been required at December 31, 2019 and 2018 of $439.1 million and $7.6 million , respectively. Accelerated settlement of these liabilities would not have a material effect on the consolidated financial position or liquidity of Northern Trust.

Off-Balance-Sheet Financial Ins

Off-Balance-Sheet Financial Instruments, Guarantees and Other Commitments	12 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Off-Balance-Sheet Financial Instruments, Guarantees and Other Commitments	Off-Balance-Sheet Financial Instruments, Guarantees and Other Commitments Northern Trust, in the normal course of business, enters into various types of commitments and issues letters of credit to meet the liquidity and credit enhancement needs of its clients. The contractual amounts of these instruments represent the potential credit exposure should the instrument be fully drawn upon and the client default. To control the credit risk associated with entering into commitments and issuing letters of credit, Northern Trust subjects such activities to the same credit quality and monitoring controls as its lending activities. Commitments and letters of credit consist of the following: Legally Binding Commitments to Extend Credit generally have fixed expiration dates or other termination clauses. Since a significant portion of the commitments are expected to expire without being drawn upon, the total commitment amount does not necessarily represent future loans or liquidity requirements. Standby Letters of Credit obligate Northern Trust to meet certain financial obligations of its clients, if, under the contractual terms of the agreement, the clients are unable to do so. These instruments are primarily issued to support public and private financial commitments, including commercial paper, bond financing, initial margin requirements on futures exchanges, and similar transactions. Northern Trust is obligated to meet the entire financial obligation of these agreements and in certain cases is able to recover the amounts paid through recourse against collateral received or other participants. Financial Guarantees are issued by Northern Trust to guarantee the performance of a client to a third party under certain arrangements. Commercial Letters of Credit are instruments issued by Northern Trust on behalf of its clients that authorize a third party (the beneficiary) to draw drafts up to a stipulated amount under the specified terms and conditions of the agreement and other similar instruments. Commercial letters of credit are issued primarily to facilitate international trade. Custody Securities Lent with Indemnification involves Northern Trust lending securities owned by clients to borrowers who are reviewed and approved by the Northern Trust Capital Markets Credit Committee, as part of its securities custody activities and at the direction of its clients. In connection with these activities, Northern Trust has issued indemnifications to certain clients against certain losses that are a direct result of a borrower’s failure to return securities when due, should the value of such securities exceed the value of the collateral required to be posted. Borrowers are required to collateralize fully securities received with cash or marketable securities. As securities are loaned, collateral is maintained at a minimum 100% of the fair value of the securities plus accrued interest. The collateral is revalued on a daily basis. The amount of securities loaned as of December 31, 2019 and 2018 subject to indemnification was $138.1 billion and $128.9 billion , respectively. Because of the credit quality of the borrowers and the requirement to fully collateralize securities borrowed, management believes that the exposure to credit loss from this activity is not significant and no liability was recorded at December 31, 2019 , or 2018 related to these indemnifications. The following table provides details of Northern Trust's off-balance sheet financial instruments as of December 31, 2019 and 2018 . TABLE 140: SUMMARY OF OFF-BALANCE SHEET FINANCIAL INSTRUMENTS DECEMBER 31, (In Millions) 2019 2018 Legally Binding Commitments to Extend Credit (1) $ 24,406.2 $ 25,023.0 Standby Letters of Credit and Financial Guarantees (2)(3) 2,416.7 2,486.2 Commercial Letters of Credit 32.3 32.3 Custody Securities Lent with Indemnification 138,085.9 128,904.8 (1) These amounts exclude $243.6 million and $242.3 million of commitments participated to others at December 31, 2019 and 2018 , respectively. (2) These amounts include $44.5 million and $72.3 million of standby letters of credit secured by cash deposits or participated to others as of December 31, 2019 and 2018 , respectively. (3) At December 31, 2019 , $1.4 billion of the standby letters of credit will expire within one year or less and $845.9 million in one to five years.

Variable Interest Entities

Variable Interest Entities	12 Months Ended
	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Variable Interest Entities	Variable Interest Entities Variable Interest Entities (VIEs) are defined within GAAP as entities which either have a total equity investment that is insufficient to permit the entity to finance its activities without additional subordinated financial support or whose equity investors lack the characteristics of a controlling financial interest. Investors that finance a VIE through debt or equity interests, or other counterparties that provide other forms of support, such as guarantees, subordinated fee arrangements, or certain types of derivative contracts, are variable interest holders in the entity and the variable interest holder, if any, that has both the power to direct the activities that most significantly impact the entity and a variable interest that could potentially be significant to the entity is deemed to be the VIE’s primary beneficiary and is required to consolidate the VIE. Leveraged Leases. In leveraged leasing transactions, Northern Trust acts as lessor of the underlying asset subject to the lease and typically funds 20 - 30% of the asset’s cost via an equity ownership in a trust with the remaining 70 - 80% provided by third party non-recourse debt holders. In such transactions, the trusts, which are VIEs, are created to provide the lessee use of the property with substantially all of the rights and obligations of ownership. The lessee’s maintenance and operation of the leased property has a direct effect on the fair value of the underlying property, and the lessee also has the ability to increase the benefits it can receive and limit the losses it can suffer by the manner in which it uses the property. As a result, Northern Trust has determined that it is not the primary beneficiary of the leveraged lease trust VIEs given it lacks the power to direct the activities that most significantly impact the economic performance of the leveraged lease trust VIEs. Northern Trust’s maximum exposure to loss as a result of its involvement with leveraged lease trust VIEs is limited to the carrying amounts of its leveraged lease investments. As of December 31, 2019 and 2018 , the carrying amounts of these investments, which are included in loans and leases in the consolidated balance sheets, were $42.6 million and $56.8 million , respectively. Northern Trust’s funding requirements relative to the leveraged lease trust VIEs are limited to its invested capital. Northern Trust has no other liquidity arrangements or obligations to purchase assets of the leveraged lease trust VIEs that would expose Northern Trust to a loss. Tax Credit Structures. Northern Trust invests in qualified affordable housing projects and community development entities (collectively, community development projects) that are designed to generate a return primarily through the realization of tax credits. The community development projects are formed as limited partnerships and limited liability companies in which Northern Trust invests as a limited partner/investor member through equity contributions. The economic performance of the community development projects, some of which are VIEs, is subject to the performance of their underlying investment and their ability to operate in compliance with the rules and regulations necessary for the qualification of tax credits generated by equity investments. Northern Trust has determined that it is not the primary beneficiary of any community development project VIEs as it lacks the power to direct the activities that most significantly impact the economic performance of the underlying investments or to affect their ability to operate in compliance with the rules and regulations necessary for the qualification of tax credits generated by equity investments. This power is held by the general partners and managing members who exercise full and exclusive control of the operations of the community development project VIEs. Northern Trust’s maximum exposure to loss as a result of its involvement with community development projects is limited to the carrying amounts of its investments, including any undrawn commitments. As of December 31, 2019 and 2018 , the carrying amounts of these investments in community development projects that generate tax credits, included in Other Assets in the consolidated balance sheets, totaled $749.3 million and $602.4 million , respectively, of which $700.3 million and $549.8 million are VIEs as of December 31, 2019 and 2018 , respectively. As of December 31, 2019 and 2018 , liabilities related to unfunded commitments on investments in tax credit community development projects, included in Other Liabilities in the consolidated balance sheets, totaled $376.2 million and $321.0 million , respectively, of which $354.3 million and $279.5 million related to undrawn commitments on VIEs as of December 31, 2019 and 2018 , respectively. Northern Trust’s funding requirements are limited to its invested capital and undrawn commitments for future equity contributions. Northern Trust has no exposure to loss from liquidity arrangements and no obligation to purchase assets of the community development projects. Tax credits and other tax benefits attributable to community development projects totaled $67.4 million and $63.0 million , respectively, as of December 31, 2019 and 2018 . Investment Funds. Northern Trust acts as asset manager for various funds in which clients of Northern Trust are investors. As an asset manager of funds, Northern Trust earns a competitively priced fee that is based on assets managed and varies with each fund’s investment objective. Based on its analysis, Northern Trust has determined that it is not the primary beneficiary of these VIEs under GAAP. Periodically, Northern Trust makes seed capital investments to certain funds. As of December 31, 2019 , Northern Trust had $112.0 million of investments valued using net asset value per share and included in Other Assets and had no unfunded commitments related to seed capital investments. As of December 31, 2018 , Northern Trust had $29.2 million of investments valued using net asset value per share and included in Other Assets and had no unfunded commitments related to seed capital investments.

Pledged and Restricted Assets

Pledged and Restricted Assets	12 Months Ended
	Dec. 31, 2019
Financial Instruments Owned and Pledged as Collateral [Abstract]
Pledged and Restricted Assets	Pledged and Restricted Assets Certain of Northern Trust’s subsidiaries, as required or permitted by law, pledge assets to secure public and trust deposits, repurchase agreements and Federal Home Loan Bank borrowings, as well as for other purposes, including support for securities settlement, primarily related to client activities, for potential Federal Reserve Bank discount window borrowings, and for derivative contracts. The following table presents Northern Trust's pledged assets. TABLE 141: TYPE OF PLEDGED ASSETS FOR THE YEAR ENDED DECEMBER 31, (In Billions) 2019 2018 Securities Obligations of States and Political Subdivisions $ 1.0 $ 0.6 Government Sponsored Agency and Other Securities 33.4 30.9 Loans 7.7 8.1 Total Pledged Assets $ 42.1 $ 39.6 Collateral required for these purposes totaled $8.5 billion and $9.3 billion at December 31, 2019 and 2018 , respectively. The following table presents the available for sale debt securities pledged as collateral that are included in pledged assets. TABLE 142: FAIR VALUE OF AVAILABLE FOR SALE DEBT SECURITIES INCLUDED IN PLEDGED ASSETS SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE DERIVATIVE CONTRACTS (In Millions) DECEMBER 31, 2019 DECEMBER 31, 2018 DECEMBER 31, 2019 DECEMBER 31, 2018 Debt Securities Available for Sale $ 487.1 $ 151.5 $ 14.4 $ 29.0 The secured parties to these transactions have the right to repledge or sell the securities as it relates to $487.2 million and $151.5 million of the pledged collateral as of December 31, 2019 and 2018 , respectively. Northern Trust accepts financial assets as collateral that it is and is not permitted to repledge or sell. The collateral is generally obtained under certain repurchase agreements and derivative contracts. The following table presents the fair value of securities accepted as collateral. There was no repledged or sold collateral at December 31, 2019 or 2018 . TABLE 143: ACCEPTED COLLATERAL FOR THE YEAR ENDED DECEMBER 31, (In Millions) 2019 2018 Collateral that may be repledged or sold Repurchase agreements $ 707.8 $ 426.2 Derivative contracts 16.8 15.4 Collateral that may not be repledged or sold Repurchase agreements — 605.0 Deposits maintained to meet Federal Reserve Bank reserve requirements averaged $1.5 billion in 2019 as compared to $1.7 billion in 2018 .

Restrictions on Subsidiary Divi

Restrictions on Subsidiary Dividends and Loans or Advances	12 Months Ended
	Dec. 31, 2019
Banking and Thrift [Abstract]
Restrictions on Subsidiary Dividends and Loans or Advances	Restrictions on Subsidiary Dividends and Loans or Advances Various federal and state statutory provisions limit the amount of dividends the Bank can pay to the Corporation without regulatory approval. Approval of the Federal Reserve Board is required for payment of any dividend by a state-chartered bank that is a member of the Federal Reserve System if the total of all dividends declared by the bank in any calendar year would exceed the total of its retained net income (as defined by regulatory agencies) for that year combined with its retained net income for the preceding two years . In addition, a state member bank may not pay a dividend in an amount greater than its “undivided profits,” as defined, without regulatory and stockholder approval. Under Illinois law, an Illinois state bank, prior to paying a dividend, must carry over to surplus at least one-tenth of its net profits since the date of the declaration of the last preceding dividend, until the bank’s surplus is equal to its capital. In addition, an Illinois state bank may not pay any dividend in an amount greater than its net profits then on hand, after deduction of losses and bad debts (defined as debts due to a state bank on which interest is past due and unpaid for a period of six months or more, unless the same are well secured and in the process of collection). The Bank is also prohibited under federal law from paying any dividends if the Bank is undercapitalized or if the payment of the dividends would cause the Bank to become undercapitalized. In addition, the federal regulatory agencies are authorized to prohibit a bank or bank holding company from engaging in an unsafe or unsound banking practice. The payment of dividends could, depending on the financial condition of the Bank, be deemed to constitute an unsafe or unsound practice. The Dodd-Frank Wall Street Reform and Consumer Protection Act and Basel III impose additional restrictions on the ability of banking institutions to pay dividends (e.g., the Corporation must include proposed dividends in the capital plan that it submits to the Federal Reserve Board and such dividends may only be declared if the Federal Reserve Board does not object to the Corporation’s capital plan). Under federal law, financial transactions by the Bank, the Corporation’s insured banking subsidiary, with the Corporation and its affiliates that are in the form of loans or extensions of credit, investments, guarantees, derivative transactions, repurchase agreements, securities lending transactions or purchases of assets, are restricted. These transactions must be on terms and conditions that are, or in good faith would be, offered to non-affiliated companies (i.e. on terms not less favorable to the Bank than market terms). Further, extensions of credit must be secured fully with qualifying collateral and are limited to 10% of the Bank’s capital and surplus for transactions with a single affiliate and to 20% of the Bank’s capital and surplus with all affiliates. Other state and federal laws may limit the transfer of funds by the Corporation’s banking subsidiaries to the Corporation and certain of its affiliates.

Reporting Segments and Related

Reporting Segments and Related Information	12 Months Ended
	Dec. 31, 2019
Segment Reporting [Abstract]
Reporting Segments and Related Information	Reporting Segments and Related Information Segment Information. Northern Trust is organized around its two client-focused reporting segments: C&IS and Wealth Management. Asset management and related services are provided to C&IS and Wealth Management clients primarily by the Asset Management business. The revenue and expenses of Asset Management and certain other support functions are allocated fully to C&IS and Wealth Management. Reporting segment financial information, presented on an internal management-reporting basis, is determined by accounting systems used to allocate revenue and expense to each segment, and incorporates processes for allocating assets, liabilities, equity and the applicable interest income and expense utilizing a funds transfer pricing (FTP) methodology. Under the methodology, assets and liabilities receive a funding charge or credit that considers interest rate risk, liquidity risk, and other product characteristics on an instrument level. Equity is allocated to the reporting segments based on a variety of factors including, but not limited to, risk, regulatory considerations, and internal metrics. Allocations of capital and certain corporate expense may not be representative of levels that would be required if the segments were independent entities. The accounting policies used for management reporting are consistent with those described in Note 1, "Summary of Significant Accounting Policies." Transfers of income and expense items are recorded at cost; there is no consolidated profit or loss on sales or transfers between reporting segments. Northern Trust's presentations are not necessarily consistent with similar information for other financial institutions. Effective January 1, 2019, Northern Trust implemented several enhancements to its FTP methodology, including the allocation of contingent liquidity charges to C&IS and Wealth Management client instruments and products. These methodology enhancements affect the results of each reporting segment. Due to the lack of historical information, segment results for periods ended prior to January 1, 2019 have not been revised to reflect the methodology enhancements. Also effective January 1, 2019, all revenues, expenses and average assets are allocated to C&IS and Wealth Management with the exception of non-recurring activities such as certain costs associated with acquisitions, divestitures, litigation, restructuring, and tax adjustments not directly attributable to a specific reporting segment. For reporting periods ended prior to January 1, 2019, income and expense associated with the wholesale funding activities and investment portfolios of the Corporation and the Bank, as well as certain corporate-based expense, executive-level compensation and nonrecurring items, were not allocated to C&IS and Wealth Management, and were reported in Treasury and Other. Reporting segment results are subject to reclassification when organizational changes are made. The results are also subject to refinements in revenue and expense allocation methodologies, which are typically reflected on a prospective basis. The following tables reflect the earnings contribution and average assets of Northern Trust’s reporting segments for the years ended December 31, 2019 , 2018 , and 2017 . TABLE 144: CORPORATE AND INSTITUTIONAL SERVICES RESULTS OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, ($ In Millions) 2019 2018 2017 Noninterest Income Trust, Investment and Other Servicing Fees $ 2,211.5 $ 2,173.1 $ 1,984.6 Foreign Exchange Trading Income 232.2 233.4 197.9 Other Noninterest Income 178.2 183.0 176.1 Total Noninterest Income 2,621.9 2,589.5 2,358.6 Net Interest Income (1) 918.7 992.2 733.8 Revenue (1) 3,540.6 3,581.7 3,092.4 Provision for Credit Losses 1.9 1.9 3.4 Noninterest Expense 2,605.5 2,421.4 2,194.5 Income before Income Taxes (1) 933.2 1,158.4 894.5 Provision for Income Taxes (1) 219.4 255.3 279.5 Net Income $ 713.8 $ 903.1 $ 615.0 Percentage of Consolidated Net Income 48 % 58 % 51 % Average Assets $ 87,557.1 $ 82,996.5 $ 80,105.6 (1) Stated on an FTE basis. TABLE 145: WEALTH MANAGEMENT RESULTS OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, ($ In Millions) 2019 2018 2017 Noninterest Income Trust, Investment and Other Servicing Fees $ 1,640.6 $ 1,580.6 $ 1,449.7 Foreign Exchange Trading Income 18.7 4.2 3.1 Other Noninterest Income 131.1 102.7 103.9 Total Noninterest Income 1,790.4 1,687.5 1,556.7 Net Interest Income (1) 792.0 816.5 736.2 Revenue (1) 2,582.4 2,504.0 2,292.9 Provision for Credit Losses (16.4 ) (16.4 ) (31.4 ) Noninterest Expense 1,531.6 1,460.0 1,405.3 Income before Income Taxes (1) 1,067.2 1,060.4 919.0 Provision for Income Taxes (1) 271.1 262.1 347.2 Net Income $ 796.1 $ 798.3 $ 571.8 Percentage of Consolidated Net Income 53 % 51 % 48 % Average Assets $ 29,994.3 $ 26,163.7 $ 26,599.9 (1) Stated on an FTE basis. TABLE 146: TREASURY AND OTHER RESULTS OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, ($ In Millions) 2019 2018 2017 Noninterest Income $ (17.1 ) $ 60.5 $ 30.8 Net Interest Income (1) — (144.8 ) 5.0 Revenue (1) (17.1 ) (84.3 ) 35.8 Noninterest Expense 6.4 135.5 169.6 Income (Loss) before Income Taxes (1) (23.5 ) (219.8 ) (133.8 ) Provision (Benefit) for Income Taxes (1) (5.8 ) (74.8 ) (146.0 ) Net Income $ (17.7 ) $ (145.0 ) $ 12.2 Percentage of Consolidated Net Income (1 )% (9 )% 1 % Average Assets $ — $ 13,786.4 $ 12,901.9 (1) Stated on an FTE basis. TABLE 147: CONSOLIDATED FINANCIAL INFORMATION FOR THE YEAR ENDED DECEMBER 31, (In Millions) 2019 2018 2017 Noninterest Income Trust, Investment and Other Servicing Fees $ 3,852.1 $ 3,753.7 $ 3,434.3 Foreign Exchange Trading Income 250.9 307.2 209.9 Other Noninterest Income 292.2 276.6 301.9 Total Noninterest Income 4,395.2 4,337.5 3,946.1 Net Interest Income (1) 1,710.7 1,663.9 1,475.0 Revenue (1) 6,105.9 6,001.4 5,421.1 Provision for Credit Losses (14.5 ) (14.5 ) (28.0 ) Noninterest Expense 4,143.5 4,016.9 3,769.4 Income before Income Taxes (1) 1,976.9 1,999.0 1,679.7 Provision for Income Taxes (1) 484.7 442.6 480.7 Net Income $ 1,492.2 $ 1,556.4 $ 1,199.0 Average Assets $ 117,551.4 $ 122,946.6 $ 119,607.4 (1) Stated on an FTE basis. The consolidated figures include $32.8 million , $41.2 million , and $45.8 million , of FTE adjustments for 2019 , 2018 , and 2017 , respectively. Further discussion of reporting segment results is provided within the “Reporting Segments and Related Information” section of Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” Geographic Area Information. Northern Trust’s non-U.S. activities are primarily related to its asset servicing, asset management, foreign exchange, cash management, and commercial banking businesses. The operations of Northern Trust are managed on a reporting segment basis and include components of both U.S and non-U.S. source income and assets. Non-U.S. source income and assets are not separately identified in Northern Trust’s internal management reporting system. However, Northern Trust is required to disclose non-U.S. activities based on the domicile of the customer. Due to the complex and integrated nature of Northern Trust’s activities, it is difficult to segregate with precision revenues, expenses and assets between U.S. and non-U.S.-domiciled customers. Therefore, certain subjective estimates and assumptions have been made to allocate revenues, expenses and assets between U.S. and non-U.S. operations. For purposes of this disclosure, all foreign exchange trading income has been allocated to non-U.S. operations. Interest expense is allocated to non-U.S. operations based on specifically matched or pooled funding. Allocations of indirect noninterest expenses, when made, are based on various methods such as time, space, and number of employees. The table below summarizes Northern Trust’s performance based on the allocation process described above without regard to guarantors or the location of collateral. TABLE 148: DISTRIBUTION OF TOTAL ASSETS AND OPERATING PERFORMANCE (In Millions) TOTAL ASSETS TOTAL REVENUE (1) INCOME BEFORE INCOME TAXES NET INCOME 2019 Non-U.S. $ 27,888.6 $ 1,889.5 $ 600.0 $ 451.0 U.S. 108,939.8 4,183.6 1,344.1 1,041.2 Total $ 136,828.4 $ 6,073.1 $ 1,944.1 $ 1,492.2 2018 Non-U.S. $ 32,712.9 $ 2,018.1 $ 786.4 $ 625.7 U.S. 99,499.6 3,942.1 1,171.4 930.7 Total $ 132,212.5 $ 5,960.2 $ 1,957.8 $ 1,556.4 2017 Non-U.S. $ 30,325.3 $ 1,709.7 $ 613.5 $ 430.0 U.S. 108,265.2 3,665.6 1,020.4 769.0 Total $ 138,590.5 $ 5,375.3 $ 1,633.9 $ 1,199.0 (1) Total revenue is comprised of net interest income and noninterest income.

Regulatory Capital Requirements

Regulatory Capital Requirements	12 Months Ended
	Dec. 31, 2019
Banking and Thrift [Abstract]
Regulatory Capital Requirements	Regulatory Capital Requirements Northern Trust and the Bank are subject to various regulatory capital requirements administered by the federal bank regulatory authorities. Under these requirements, banks must maintain specific risk-based and leverage ratios in order to be classified as “well-capitalized.” The regulatory capital requirements impose certain restrictions upon banks that meet minimum capital requirements but are not “well-capitalized” and obligate the federal bank regulatory authorities to take “prompt corrective action” with respect to banks that do not maintain such minimum ratios. Such prompt corrective action could have a direct material effect on a bank’s financial statements. As of December 31, 2019 and 2018 , the Bank had capital ratios above the levels required for classification as a “well-capitalized” institution and had not received any regulatory notification of a lower classification. Additionally, Northern Trust’s subsidiary banks located outside the U.S. are subject to regulatory capital requirements in the jurisdictions in which they operate. As of December 31, 2019 and 2018 , Northern Trust’s non-U.S. banking subsidiaries had capital ratios above their specified minimum requirements. There were no conditions or events since December 31, 2019 , that management believes have adversely affected the capital categorization of any Northern Trust subsidiary bank. The table below provides capital ratios for the Corporation and the Bank determined by Basel III phased in requirements. TABLE 149: RISK-BASED AND LEVERAGE CAPITAL AMOUNTS AND RATIOS DECEMBER 31, 2019 DECEMBER 31, 2018 ($ In Millions) STANDARDIZED APPROACH ADVANCED APPROACH STANDARDIZED APPROACH ADVANCED APPROACH BALANCE RATIO BALANCE RATIO BALANCE RATIO BALANCE RATIO Common Equity Tier 1 Capital Northern Trust Corporation $ 8,898.7 12.7 % $ 8,898.7 13.2 % $ 8,729.8 12.9 % $ 8,729.8 13.7 % The Northern Trust Company 8,476.0 12.3 8,476.0 13.0 8,722.5 13.1 8,722.5 14.1 Minimum to qualify as well-capitalized: Northern Trust Corporation N/A N/A N/A N/A N/A N/A N/A N/A The Northern Trust Company 4,472.0 6.5 4,230.0 6.5 4,335.9 6.5 4,007.4 6.5 Tier 1 Capital Northern Trust Corporation 10,152.0 14.5 10,152.0 15.0 9,596.7 14.1 9,596.7 15.0 The Northern Trust Company 8,476.0 12.3 8,476.0 13.0 8,722.5 13.1 8,722.5 14.1 Minimum to qualify as well-capitalized: Northern Trust Corporation 4,205.3 6.0 4,051.6 6.0 4,070.2 6.0 3,834.9 6.0 The Northern Trust Company 5,504.0 8.0 5,206.2 8.0 5,336.4 8.0 4,932.2 8.0 Total Capital Northern Trust Corporation 11,456.7 16.3 11,332.3 16.8 10,942.0 16.1 10,803.8 16.9 The Northern Trust Company 9,610.4 14.0 9,486.0 14.6 9,870.7 14.8 9,732.5 15.8 Minimum to qualify as well-capitalized: Northern Trust Corporation 7,008.8 10.0 6,752.7 10.0 6,783.7 10.0 6,391.5 10.0 The Northern Trust Company 6,880.1 10.0 6,507.7 10.0 6,670.6 10.0 6,165.3 10.0 Tier 1 Leverage Northern Trust Corporation 10,152.0 8.7 10,152.0 8.7 9,596.7 8.0 9,596.7 8.0 The Northern Trust Company 8,476.0 7.3 8,476.0 7.3 8,722.5 7.3 8,722.5 7.3 Minimum to qualify as well-capitalized: Northern Trust Corporation N/A N/A N/A N/A N/A N/A N/A N/A The Northern Trust Company 5,835.4 5.0 5,835.4 5.0 5,998.6 5.0 5,998.6 5.0 Supplementary Leverage (1) Northern Trust Corporation N/A N/A 10,152.0 7.6 N/A N/A 9,596.7 7.0 The Northern Trust Company N/A N/A 8,476.0 6.4 N/A N/A 8,722.5 6.4 Minimum to qualify as well-capitalized: Northern Trust Corporation N/A N/A N/A N/A N/A N/A N/A N/A The Northern Trust Company N/A N/A 3,983.6 3.0 N/A N/A 4,077.2 3.0 (1) Effective January 1, 2018, a minimum supplementary leverage ratio of 3 percent became applicable. The risk-based capital guidelines that apply to the Corporation and the Bank, commonly referred to as Basel III, are based upon the 2011 capital accord of the Basel Committee. The Basel III rules are currently being phased in, and will come into full effect by January 1, 2022. Under the final Basel III rules, the Corporation and the Bank are required to calculate and publicly disclose risk-based capital ratios using two methodologies: an advanced approach and a standardized approach. Under the advanced approach, credit risk weighted assets (RWA) are based on internal credit models and parameters. Additionally, the advanced approach incorporates operational risk RWA. Under the standardized approach, RWA are based on supervisory prescribed risk weights that are primarily dependent on counterparty type and asset class. Pursuant to the Federal Reserve Board's implementation in the final Basel III rules of a provision of the Dodd-Frank Act, the capital adequacy of the Corporation and the Bank is assessed based on the lower of the advanced approach or standardized approach capital ratios. The U.S.’s implementation of Basel III has increased the minimum capital thresholds for banking organizations and tightened the standards for what qualifies as capital. The Corporation and the Bank believe their capital strength, balance sheets and business models leave them well positioned for the continued U.S. implementation of Basel III.

Northern Trust Corporation (Cor

Northern Trust Corporation (Corporation only)	12 Months Ended
	Dec. 31, 2019
Condensed Financial Information Disclosure [Abstract]
Northern Trust Corporation (Corporation only)	Northern Trust Corporation (Corporation only) Condensed financial information is presented below. Investments in wholly-owned subsidiaries are carried on the equity method of accounting. TABLE 150: CONDENSED BALANCE SHEETS DECEMBER 31, (In Millions) 2019 2018 ASSETS Cash on Deposit with Subsidiary Bank $ 2,559.1 $ 866.8 Advances to Wholly-Owned Subsidiaries – Banks 2,370.0 2,910.0 Investments in Wholly-Owned Subsidiaries – Banks 9,349.8 9,585.2 – Nonbank 163.0 182.9 Other Assets 1,444.7 803.1 Total Assets $ 15,886.6 $ 14,348.0 LIABILITIES Senior Notes $ 2,573.0 $ 2,011.3 Long Term Debt 1,148.1 1,112.4 Floating Rate Capital Debt 277.7 277.6 Other Liabilities 796.8 438.5 Total Liabilities 4,795.6 3,839.8 STOCKHOLDERS’ EQUITY Preferred Stock 1,273.4 882.0 Common Stock 408.6 408.6 Additional Paid-in Capital 1,013.1 1,068.4 Retained Earnings 11,656.7 10,776.8 Accumulated Other Comprehensive Income (Loss) (194.7 ) (453.7 ) Treasury Stock (3,066.1 ) (2,173.9 ) Total Stockholders’ Equity 11,091.0 10,508.2 Total Liabilities and Stockholders’ Equity $ 15,886.6 $ 14,348.0 TABLE 151: CONDENSED STATEMENTS OF INCOME FOR THE YEAR ENDED DECEMBER 31, (In Millions) 2019 2018 2017 OPERATING INCOME Dividends – Bank Subsidiaries $ 2,024.1 $ 1,200.9 $ 525.0 – Nonbank Subsidiaries 0.4 — — Intercompany Interest and Other Charges 115.1 91.9 58.2 Interest and Other Income 20.2 (8.7 ) 18.1 Total Operating Income 2,159.8 1,284.1 601.3 OPERATING EXPENSES Interest Expense 121.6 97.3 76.5 Other Operating Expenses 28.6 17.0 25.9 Total Operating Expenses 150.2 114.3 102.4 Income before Income Taxes and Equity in Undistributed Net Income of Subsidiaries 2,009.6 1,169.8 498.9 Benefit for Income Taxes 24.3 24.6 43.7 Income before Equity in Undistributed Net Income of Subsidiaries 2,033.9 1,194.4 542.6 Equity in Undistributed Net Income of Subsidiaries – Banks (559.9 ) 336.7 632.6 – Nonbank 18.2 25.3 23.8 Net Income $ 1,492.2 $ 1,556.4 $ 1,199.0 Preferred Stock Dividends 46.4 46.4 49.8 Net Income Applicable to Common Stock $ 1,445.8 $ 1,510.0 $ 1,149.2 TABLE 152: CONDENSED STATEMENTS OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, (In Millions) 2019 2018 2017 CASH FLOWS FROM OPERATING ACTIVITIES Net Income $ 1,492.2 $ 1,556.4 $ 1,199.0 Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Equity in Undistributed Net Income of Subsidiaries 541.7 (362.0 ) (656.4 ) Change in Prepaid Expenses (400.4 ) (0.6 ) (0.3 ) Change in Accrued Income Taxes 114.1 (141.8 ) 17.2 Other Operating Activities, net 141.9 125.6 55.7 Net Cash Provided by Operating Activities 1,889.5 1,177.6 615.2 CASH FLOWS FROM INVESTING ACTIVITIES Proceeds from Sale, Maturity and Redemption of Debt Securities – Available for Sale — 1.0 — Advances to Wholly-Owned Subsidiaries 540.0 (436.5 ) 100.0 Acquisition of a Business, Net of Cash Received — (31.2 ) — Other Investing Activities, net 3.7 (3.1 ) 1.9 Net Cash Provided by (Used in) Investing Activities 543.7 (469.8 ) 101.9 CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from Senior Notes 498.0 497.9 350.0 Proceeds from Issuance of Preferred Stock - Series E 391.4 — — Treasury Stock Purchased (1,100.2 ) (924.3 ) (523.1 ) Net Proceeds from Stock Options 44.0 32.6 108.0 Cash Dividends Paid on Common Stock (529.7 ) (405.4 ) (356.8 ) Cash Dividends Paid on Preferred Stock (46.4 ) (46.4 ) (49.8 ) Other Financing Activities, net 2.0 2.1 0.1 Net Cash (Used In) Provided by Financing Activities (740.9 ) (843.5 ) (471.6 ) Net Change in Cash on Deposit with Subsidiary Bank 1,692.3 (135.7 ) 245.5 Cash on Deposit with Subsidiary Bank at Beginning of Year 866.8 1,002.5 757.0 Cash on Deposit with Subsidiary Bank at End of Year $ 2,559.1 $ 866.8 $ 1,002.5

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation. The consolidated financial statements include the accounts of Northern Trust Corporation (Corporation) and its wholly-owned subsidiary, The Northern Trust Company (Bank), and various other wholly-owned subsidiaries of the Corporation and Bank. Throughout the notes to the consolidated financial statements, the term “Northern Trust” refers to the Corporation and its subsidiaries. Intercompany balances and transactions have been eliminated in consolidation. The consolidated statements of income include results of acquired subsidiaries from the dates of acquisition. Certain prior-year balances have been reclassified consistent with the current year’s presentation.
Nature of Operations	Nature of Operations. The Corporation is a bank holding company that has elected to be a financial holding company under the Bank Holding Company Act of 1956, as amended. The Bank is an Illinois banking corporation headquartered in Chicago and the Corporation’s principal subsidiary. The Corporation conducts business in the United States (U.S.) and internationally through various U.S. and non-U.S. subsidiaries, including the Bank. Northern Trust generates the majority of its revenue from its two client-focused reporting segments: Corporate & Institutional Services (C&IS) and Wealth Management. Asset management and related services are provided to C&IS and Wealth Management clients primarily by the Asset Management business. C&IS is a leading global provider of asset servicing and related services to corporate and public retirement funds, foundations, endowments, fund managers, insurance companies, sovereign wealth funds, and other institutional investors around the globe. Asset servicing and related services encompass a full range of capabilities including but not limited to: global custody; fund administration; investment operations outsourcing; investment management; investment risk and analytical services; employee benefit services; securities lending; foreign exchange; treasury management; brokerage services; transition management services; banking and cash management. Client relationships are managed through the Bank and the Bank’s and the Corporation’s other subsidiaries, including support from locations in North America, Europe, the Middle East, and the Asia-Pacific region. Wealth Management focuses on high-net-worth individuals and families, business owners, executives, professionals, retirees, and established privately-held businesses in its target markets. The business also includes the Global Family Office, which provides customized services to meet the complex financial needs of individuals and family offices in the U.S. and throughout the world with assets typically exceeding $200 million . In supporting these targeted segments, Wealth Management provides trust, investment management, custody, and philanthropic services; financial consulting; guardianship and estate administration; family business consulting; family financial education; brokerage services; and private and business banking. Wealth Management services are delivered by multidisciplinary teams through a network of offices in 19 U.S. states and Washington, D.C., as well as offices in London, Guernsey, and Abu Dhabi.
Use of Estimates in the Preparation of Financial Statements	Use of Estimates in the Preparation of Financial Statements. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions in the application of certain of our significant accounting policies that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expense during the reporting period. Actual results could differ from those estimates.
Foreign Currency Remeasurement and Translation	Foreign Currency Remeasurement and Translation. Asset and liability accounts denominated in nonfunctional currencies are remeasured into functional currencies at period-end rates of exchange, except for certain balance sheet items including but not limited to buildings and equipment, goodwill and other intangible assets, which are remeasured at historical exchange rates. Results from remeasurement of asset and liability accounts are reported in other operating income as currency translation gains (losses), net. Income and expense accounts are remeasured at period-average rates of exchange. Asset and liability accounts of entities with functional currencies that are not the U.S. dollar are translated at period-end rates of exchange. Income and expense accounts are translated at period-average rates of exchange. Translation adjustments, net of applicable taxes, are reported directly to accumulated other comprehensive income (AOCI), a component of stockholders’ equity.
Securities	Securities. Securities Available for Sale are reported at fair value, with unrealized gains and losses credited or charged, net of the tax effect, to AOCI. Realized gains and losses on securities available for sale are determined on a specific identification basis and are reported within other security gains (losses), net, in the consolidated statements of income. Interest income is recorded on the accrual basis, adjusted for the amortization of premium and accretion of discount. Securities Held to Maturity consist of debt securities that management intends to, and Northern Trust has the ability to, hold until maturity. Such securities are reported at cost, adjusted for amortization of premium and accretion of discount. Interest income is recorded on the accrual basis adjusted for the amortization of premium and accretion of discount. Securities Held for Trading are stated at fair value. Realized and unrealized gains and losses on securities held for trading are reported in the consolidated statements of income within security commissions and trading income. Nonmarketable Securities primarily consist of Federal Reserve Bank of Chicago and Federal Home Loan Bank stock and community development investments, each of which are recorded in Other Assets on the consolidated balance sheets. Federal Reserve Bank of Chicago and Federal Home Loan Bank stock are reported at cost, which represents redemption value. Community development investments are typically reported at amortized cost. Those community development investments that are designed to generate a return primarily through realization of tax credits and other tax benefits, which are discussed in further detail in Note 30, “Variable Interest Entities,” are reported at amortized cost using the effective yield method or proportional amortization method and amortized over the lives of the related tax credits and other tax benefits. Other-Than-Temporary Impairment (OTTI). A security is considered to be other-than-temporarily impaired if the present value of cash flows expected to be collected are less than the security’s amortized cost basis (the difference being defined as the credit loss) or if the fair value of the security is less than the security’s amortized cost basis and the investor intends, or more-likely-than-not will be required, to sell the security before recovery of the security’s amortized cost basis. If OTTI exists, the charge to earnings is limited to the amount of credit loss if the investor does not intend to sell the security, and it is more-likely-than-not that it will not be required to sell the security, before recovery of the security’s amortized cost basis. Any remaining difference between fair value and amortized cost is recognized in AOCI, net of applicable taxes. Otherwise, the entire difference between fair value and amortized cost is charged to earnings.
Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase	Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase. Securities purchased under agreements to resell and securities sold under agreements to repurchase are accounted for as collateralized financings and recorded at the amounts at which the securities were acquired or sold plus accrued interest. To minimize any potential credit risk associated with these transactions, the fair value of the securities purchased or sold is monitored, limits are set on exposure with counterparties, and the financial condition of counterparties is regularly assessed. It is Northern Trust’s policy to take possession, either directly or via third-party custodians, of securities purchased under agreements to resell. Securities sold under agreements to repurchase are held by the counterparty until the repurchase.
Derivative Financial Instruments	Derivative Financial Instruments. Northern Trust is a party to various derivative financial instruments that are used in the normal course of business to meet the needs of its clients, as part of its trading activity for its own account, and as part of its risk management activities. These instruments generally include foreign exchange contracts, interest rate contracts, total return swap contracts and credit default swap contracts. All derivative financial instruments, whether designated as hedges or not, are recorded on the consolidated balance sheets at fair value within Other Assets and Other Liabilities. Derivative asset and liability positions with the same counterparty are reflected on a net basis on the consolidated balance sheets in cases where legally enforceable master netting arrangements or similar agreements exist. These derivative assets and liabilities are further reduced by cash collateral received from, and deposited with, derivative counterparties. The accounting for changes in the fair value of a derivative in the consolidated statements of income depends on whether or not the contract has been designated as a hedge and qualifies for hedge accounting under GAAP. Derivative financial instruments are recorded on the consolidated statements of cash flows within the line item, “other operating activities, net,” except for net investment hedges which are recorded within “other investing activities, net”. Changes in the fair value of client-related and trading derivative instruments, which are not designated hedges under GAAP, are recognized currently in either foreign exchange trading income or security commissions and trading income. Changes in the fair value of derivative instruments entered into for risk management purposes but not designated as hedges are recognized currently in other operating income. Certain derivative instruments used by Northern Trust to manage risk are formally designated and qualify for hedge accounting as fair value, cash flow, or net investment hedges. Derivatives designated as fair value hedges are used to limit Northern Trust’s exposure to changes in the fair value of assets and liabilities due to movements in interest rates. Changes in the fair value of the derivative instrument and changes in the fair value of the hedged asset or liability attributable to the hedged risk are recognized currently in interest income or interest expense. For substantially all fair value hedges, Northern Trust applies the “shortcut” method of accounting, available under GAAP. As a result, changes recorded in the fair value of the hedged item are assumed to equal the offsetting gain or loss on the derivative. For fair value hedges that do not qualify for the “shortcut” method of accounting, Northern Trust utilizes regression analysis, a “long-haul” method of accounting, in assessing whether these hedging relationships are highly effective at inception and quarterly thereafter. Derivatives designated as cash flow hedges are used to minimize the variability in cash flows of earning assets or forecasted transactions caused by movements in interest or foreign exchange rates. Changes in the fair value of such derivatives are recognized in AOCI, a component of stockholders’ equity, and there is no change to the accounting for the hedged item. Balances in AOCI are reclassified to earnings when the hedged forecasted transaction impacts earnings, and are reflected in the same income statement line item. Northern Trust applies the “shortcut” method of accounting for cash flow hedges of certain available for sale investment securities. For cash flow hedges of certain other available for sale investment securities, foreign currency denominated investment securities, and forecasted foreign currency denominated revenue and expenditure transactions, Northern Trust closely matches all terms of the hedged item and hedging derivative at inception and on an ongoing basis. For cash flow hedges of available for sale investment securities, to the extent all terms are not perfectly matched, effectiveness is assessed using regression analysis. For cash flow hedges of forecasted foreign currency denominated revenue and expenditure transactions and investment securities, to the extent all terms are not perfectly matched, effectiveness is assessed using the dollar-offset method. Foreign exchange contracts and qualifying non-derivative instruments designated as net investment hedges are used to minimize Northern Trust’s exposure to variability in the foreign currency translation of net investments in non-U.S. branches and subsidiaries. Changes in the fair value of the hedging instrument are recognized in AOCI consistent with the related translation gains and losses of the hedged net investment. For net investment hedges, all critical terms of the hedged item and the hedging instrument are matched at inception and on an ongoing basis. Amounts recorded in AOCI are reclassified to earnings only upon the sale or liquidation of an investment in a non-U.S. branch or subsidiary. Fair value, cash flow, and net investment hedges are designated and formally documented as such contemporaneous with the transaction. The formal documentation describes the hedge relationship and identifies the hedging instruments and hedged items. Included in the documentation is a discussion of the risk management objectives and strategies for undertaking such hedges, the nature of the risk being hedged, and a description of the method for assessing hedge effectiveness at inception and on an ongoing basis. For hedges that do not qualify for the “shortcut” or the critical terms match methods of accounting, a formal assessment is performed on a calendar quarter basis to verify that derivatives used in hedging transactions continue to be highly effective in offsetting the changes in fair value or cash flows of the hedged item. Hedge accounting is discontinued if a derivative ceases to be highly effective, matures, is terminated or sold, if a hedged forecasted transaction is no longer expected to occur, or if Northern Trust removes the derivative’s hedge designation. Subsequent gains and losses on these derivatives are included in foreign exchange trading income or security commissions and trading income. For discontinued cash flow hedges, the accumulated gain or loss on the derivative remains in AOCI and is reclassified to earnings in the period in which the previously hedged forecasted transaction impacts earnings or is no longer probable of occurring. For discontinued fair value hedges, the previously hedged asset or liability ceases to be adjusted for changes in its fair value. Previous adjustments to the hedged item are amortized over the remaining life of the hedged item.
Loans and Leases	Loans and Leases. Loans and leases are recognized assets that represent a contractual right to receive money either on demand or on fixed or determinable dates. Loans and leases are disaggregated for disclosure purposes by portfolio segment (segment) and by class. Northern Trust has defined its segments as commercial and personal. A class of loans and leases is a subset of a segment, the components of which have similar risk characteristics, measurement attributes, or risk monitoring methods. The classes within the commercial segment have been defined as commercial and institutional, commercial real estate, lease financing, net, non-U.S. and other. The classes within the personal segment have been defined as residential real estate, private client and other. Loan Classification. Loans that are held for investment are reported at the principal amount outstanding, net of unearned income. Loans classified as held for sale are reported at the lower of cost or fair value. Undrawn commitments relating to loans that are not held for sale are recorded in Other Liabilities and are carried at the amount of unamortized fees with an allowance for credit loss liability recognized for any estimated probable losses. Recognition of Income. Interest income on loans is recorded on an accrual basis unless, in the opinion of management, there is a question as to the ability of the debtor to meet the terms of the loan agreement, or interest or principal is more than 90 days contractually past due and the loan is not well-secured and in the process of collection. Loans meeting such criteria are classified as nonperforming and interest income is recorded on a cash basis. Past due status is based on how long since the contractual due date a principal or interest payment has been past due. For disclosure purposes, loans that are 29 days past due or less are reported as current. At the time a loan is determined to be nonperforming, interest accrued but not collected is reversed against interest income in the current period. Interest collected on nonperforming loans is applied to principal unless, in the opinion of management, collectability of principal is not in doubt. Management’s assessment of indicators of loan and lease collectability, and its policies relative to the recognition of interest income, including the suspension and subsequent resumption of income recognition, do not meaningfully vary between loan and lease classes. Nonperforming loans are returned to performing status when factors indicating doubtful collectability no longer exist. Factors considered in returning a loan to performing status are consistent across all classes of loans and leases and, in accordance with regulatory guidance, relate primarily to expected payment performance. A loan is eligible to be returned to performing status when: (i) no principal or interest that is due is unpaid and repayment of the remaining contractual principal and interest is expected or (ii) the loan has otherwise become well-secured (possessing realizable value sufficient to discharge the debt, including accrued interest, in full) and is in the process of collection (through action reasonably expected to result in debt repayment or restoration to a current status in the near future). A loan that has not been brought fully current may be restored to performing status provided there has been a sustained period of repayment performance (generally a minimum of six payment periods) by the borrower in accordance with the contractual terms, and Northern Trust is reasonably assured of repayment within a reasonable period of time. Additionally, a loan that has been formally restructured so as to be reasonably assured of repayment and performance according to its modified terms may be returned to accrual status, provided there was a well-documented credit evaluation of the borrower’s financial condition and prospects of repayment under the revised terms, and there has been a sustained period of repayment performance (generally a minimum of six payment periods) under the revised terms. Impaired Loans. A loan is considered to be impaired when, based on current information and events, management determines that it is probable that Northern Trust will be unable to collect all amounts due according to the contractual terms of the loan agreement. Impaired loans are identified through ongoing credit management and risk rating processes, including the formal review of past due and watch list credits. Payment performance and delinquency status are critical factors in identifying impairment for all loans and leases, particularly those within the residential real estate, private client and personal-other classes. Other key factors considered in identifying impairment of loans and leases within the commercial and institutional, lease financing, net, non-U.S., and commercial-other classes relate to the borrower’s ability to perform under the terms of the obligation as measured through the assessment of future cash flows, including consideration of collateral value, market value, and other factors. A loan is also considered to be impaired if its terms have been modified as a concession by Northern Trust or a bankruptcy court resulting from the debtor’s financial difficulties, referred to as a troubled debt restructuring (TDR). All TDRs are reported as impaired loans in the calendar year of their restructuring. In subsequent years, a TDR may cease being reported as impaired if the loan was modified at a market rate and has performed according to the modified terms for at least six payment periods. A loan that has been modified at a below market rate will return to performing status if it satisfies the six -payment-period performance requirement; however, it will remain reported as impaired. Impairment is measured based upon the present value of expected future cash flows, discounted at the loan's original effective interest rate, the fair value of the collateral if the loan is collateral dependent, or the loan's observable market value. If the loan valuation is less than the recorded value of the loan, based on the certainty of loss, either a specific allowance is established, or a charge-off is recorded, for the difference. Smaller balance (individually less than $1 million ) homogeneous loans are collectively evaluated for impairment and excluded from impaired loan disclosures as allowed under applicable accounting standards. Northern Trust’s accounting policies for material impaired loans is consistent across all classes of loans and leases. Premium, Discounts, Origination Costs and Fees. Premiums and discounts on loans are recognized as an adjustment of yield using the interest method based on the contractual terms of the loan. Certain direct origination costs and fees are netted, deferred and amortized over the life of the related loan as an adjustment to the loan’s yield. Direct Financing and Leveraged Leases. Unearned lease income from direct financing and leveraged leases is recognized using the interest method. This method provides a constant rate of return on the unrecovered investment over the life of the lease. The rate of return and the allocation of income over the lease term are recalculated from the inception of the lease if during the lease term assumptions regarding the amount or timing of estimated cash flows change. Lease residual values are established at the inception of the lease based on in-house valuations and market analyses provided by outside parties. Lease residual values are reviewed at least annually for OTTI. A decline in the estimated residual value of a leased asset determined to be other-than-temporary would be recorded in the period in which the decline is identified as a reduction of interest income.
Allowance for Credit Losses	Allowance for Credit Losses. The allowance for credit losses represents management’s estimate of probable losses which have occurred as of the date of the consolidated financial statements. The loan and lease portfolio and other lending-related credit exposures are regularly reviewed to evaluate the level of the allowance for credit losses. In determining an appropriate allowance level, Northern Trust evaluates the allowance necessary for impaired loans and lending-related commitments and also estimates losses inherent in other lending-related credit exposures. The allowance for credit losses consists of the following components: Specific Allowance. The specific allowance is determined through an individual evaluation of loans and lending-related commitments considered impaired that is based on expected future cash flows, the value of collateral, and other factors that may impact the borrower’s ability to pay. For impaired loans where the amount of specific allowance, if any, is determined based on the value of the underlying real estate collateral, third-party appraisals are typically obtained and utilized by management. These appraisals are generally less than twelve months old and are subject to adjustments to reflect management’s judgment as to the realizable value of the collateral. Inherent Allowance. The inherent allowance estimation methodology is based on internally developed loss data specific to the Northern Trust loan and lease portfolio. The estimation methodology and the related qualitative adjustment framework segregate the loan and lease portfolio into homogeneous segments. For each segment, the probability of default and the loss given default are applied to the total exposure at default to determine a quantitative inherent allowance. The quantitative inherent allowance is then reviewed within the qualitative adjustment framework, where management applies judgment by assessing internal risk factors, potential limitations in the quantitative methodology and environmental factors that are not fully contemplated in the quantitative methodology to compute an adjustment to the quantitative inherent allowance for each segment of the loan portfolio. The results of the inherent allowance estimation methodology are reviewed quarterly by Northern Trust’s Loan Loss Reserve Committee, which includes representatives from Credit Risk Management, reporting segment management, and Corporate Finance. Loans, leases, and other extensions of credit deemed uncollectible are charged to the allowance for credit losses. Subsequent recoveries, if any, are credited to the allowance. Northern Trust’s policies relative to the charging-off of uncollectible loans and leases are consistent across both loan and lease segments. Determinations as to whether loan balances for which the collectability is in question are charged-off or a specific reserve is established are based on management’s assessment as to the level of certainty regarding the amount of loss. The provision for credit losses, which is charged to income, is the amount necessary to adjust the allowance for credit losses to the level determined to be appropriate through the above processes. Actual losses may vary from current estimates and the amount of the provision for credit losses may be either greater or less than actual net charge-offs. Northern Trust analyzes its exposure to credit losses from both on-balance-sheet and off-balance-sheet activity using a consistent methodology. For purposes of estimating the allowance for credit losses for undrawn loan commitments and standby letters of credit, the exposure at default includes an estimated drawdown of unused credit based on a credit conversion factor. The proportionate amount of the quantitative methodology calculation after any required adjustment in the qualitative framework results in the required allowance for undrawn loan commitments and standby letters of credit as of the reporting date. The portion of the allowance assigned to loans and leases is reported as a contra asset, directly following loans and leases in the consolidated balance sheets. The portion of the allowance assigned to undrawn loan commitments and standby letters of credit is reported in Other Liabilities in the consolidated balance sheets.
Standby Letters of Credit	Standby Letters of Credit. Fees on standby letters of credit are recognized in other operating income using the straight-line method over the lives of the underlying agreements. Northern Trust’s recorded other liability for standby letters of credit, reflecting the obligation it has undertaken, is measured as the amount of unamortized fees on these instruments.
Buildings and Equipment	Buildings and Equipment. Buildings and equipment owned are carried at original cost less accumulated depreciation. The charge for depreciation is computed using the straight-line method based on the following range of lives: buildings – up to 30 years ; equipment – 3 to 10 years ; and leasehold improvements – the shorter of the lease term or 15 years . Leased properties meeting certain criteria are capitalized and amortized using the straight-line method over the lease period.
Other Real Estate Owned (OREO)	. OREO is comprised of commercial and residential real estate properties acquired in partial or total satisfaction of loans. OREO assets are carried at the lower of cost or fair value less estimated costs to sell and are recorded in Other Assets on the consolidated balance sheets. Fair value is typically based on third-party appraisals. Appraisals of OREO properties are updated on an annual basis and are subject to adjustments to reflect management’s judgment as to the realizable value of the properties. Losses identified during the 90-day period after the acquisition of such properties are charged against the allowance for credit losses assigned to loans and leases. Subsequent write-downs that may be required to the carrying value of these assets and gains or losses realized from asset sales are recorded within other operating expense.
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets. Goodwill is not subject to amortization. Separately identifiable acquired intangible assets with finite lives are amortized over their estimated useful lives, primarily on a straight-line basis. Purchased software, software licenses, and allowable internal costs, including compensation relating to software developed for internal use, are capitalized. Software is amortized using the straight-line method over the estimated useful lives of the assets, generally ranging from 3 to 10 years . Fees paid for the use of software licenses that are not hosted by Northern Trust are expensed as incurred.
Trust, Investment and Other Servicing Fees	Trust, Investment and Other Servicing Fees. Trust, investment and other servicing fees are recorded on an accrual basis, over the period in which the service is provided. Fees are primarily a function of the market value of assets custodied, managed and serviced, transaction volumes, and securities lending volume and spreads, as set forth in the underlying client agreement. This revenue recognition involves the use of estimates and assumptions, including components that are calculated based on estimated asset valuations and transaction volumes.
Client Security Settlement Receivables	Client Security Settlement Receivables. These receivables result from custody client withdrawals from short-term investment funds that settle on the following business day as well as custody client security sales executed under contractual settlement date accounting that have not yet settled. Northern Trust advances cash to the client on the date of either client withdrawal or trade execution and awaits collection from either the short-term investment funds or via the settled trade.
Income Taxes	Income Taxes. Northern Trust follows an asset and liability approach to account for income taxes. The objective is to recognize the amount of taxes payable or refundable for the current year, and to recognize deferred tax assets and liabilities resulting from temporary differences between the amounts reported in the financial statements and the tax bases of assets and liabilities. The measurement of tax assets and liabilities is based on enacted tax laws and applicable tax rates. Tax positions taken or expected to be taken on a tax return are evaluated based on their likelihood of being sustained upon examination by tax authorities. Only tax positions that are considered more-likely-than-not to be sustained are recorded in the consolidated financial statements. A valuation allowance is established for deferred tax assets if it is more-likely-than-not that all or a portion will not be realized. Northern Trust recognizes any interest and penalties related to unrecognized tax benefits in the provision for income taxes.
Cash Flow Statements	Cash Flow Statements. Cash and cash equivalents have been defined as “Cash and Due from Banks”.
Pension and Other Postretirement Benefits	Pension and Other Postretirement Benefits. Northern Trust records the funded status of its defined benefit pension and other postretirement plans on the consolidated balance sheets. Funded pension and postretirement benefits are reported in Other Assets and unfunded pension and postretirement benefits are reported in Other Liabilities. Plan assets and benefit obligations are measured annually at December 31. Plan assets are determined based on fair value generally representing observable market prices. The projected benefit obligations are determined based on the present value of projected benefit distributions at an assumed discount rate. Pension costs are recognized ratably over the estimated working lifetime of eligible participants.
Share-Based Compensation Plans	Share-Based Compensation Plans. Northern Trust recognizes as compensation expense the grant-date fair value of stock and stock unit awards and other share-based compensation granted to employees within the consolidated statements of income. The fair values of stock and stock unit awards, including performance stock unit awards and director awards, are based on the closing price of the Corporation’s stock on the date of grant adjusted for certain awards that do not accrue dividends while vesting. The fair value of stock options is estimated on the date of grant using the Black-Scholes option pricing model. The model utilizes weighted-average assumptions regarding the period of time that options granted are expected to be outstanding (expected term) based primarily on the historical exercise behavior attributable to previous option grants, the estimated yield from dividends paid on the Corporation’s stock over the expected term of the options, the historical volatility of Northern Trust’s stock price and the implied volatility of traded options on Northern Trust stock, and a risk free interest rate based on the U.S. Treasury yield curve at the time of grant for a period equal to the expected term of the options granted. Compensation expense for share-based award grants with terms that provide for a graded vesting schedule, whereby portions of the award vest in increments over the requisite service period, are recognized on a straight-line basis over the requisite service period for the entire award. Compensation expense for performance stock unit awards are recognized on a straight-line basis over the requisite service period of the award based on expected achievement of the performance condition. Adjustments are made for employees that meet certain eligibility criteria at the grant date or during the requisite service period. Northern Trust does not include an estimate of future forfeitures in its recognition of share-based compensation expense. Share-based compensation expense is adjusted based on forfeitures as they occur. Dividend equivalents are paid on a current basis for restricted stock units granted prior to February 21, 2017 that are not yet vested. Dividend equivalents are accrued for performance stock unit awards, most restricted stock units granted on or after February 21, 2017 and director awards not yet vested, and are paid upon vesting. Certain restricted stock units granted on or after February 20, 2018 are not entitled to dividend equivalents during the vesting period. Cash flows resulting from the realization of excess tax benefits are classified as operating cash flows.
Net Income Per Common Share	Net Income Per Common Share. Basic net income per common share is computed by dividing net income/loss applicable to common stock by the weighted average number of common shares outstanding during each period. Diluted net income per common share is computed by dividing net income applicable to common stock and potential common shares by the aggregate of the weighted average number of common shares outstanding during the period and common share equivalents calculated for stock options outstanding using the treasury stock method. In a period of a net loss, diluted net income per common share is calculated in the same manner as basic net income per common share. Northern Trust has issued certain restricted stock unit awards, which are unvested share-based payment awards that contain nonforfeitable rights to dividends or dividend equivalents. These units are considered participating securities. Accordingly, Northern Trust calculates net income applicable to common stock using the two-class method, whereby net income is allocated between common stock and participating securities.
Recent Accounting Pronouncements	Recent Accounting Pronouncements On January 1, 2019, Northern Trust adopted ASU No. 2016-02, “Leases (Topic 842)" (ASU 2016-02). ASU 2016-02 introduces a lessee model that brings most leases on the balance sheet, with certain specified scope exceptions. Specifically within the lessee model under ASU 2016-02, a lessee is required to recognize on the balance sheet a liability to make future lease payments, known as the lease liability, and a right-of-use asset (ROU asset) representing its right to use the underlying asset over the lease term. Upon adoption, Northern Trust elected the package of practical expedients available under ASU 2016-02, which allowed Northern Trust to forego a reassessment of (1) whether any expired or existing contracts are or contain leases, (2) lease classification for any expired or existing leases, and (3) the initial direct costs for any existing leases. As a result of adopting ASU 2016-02, Northern Trust recognized operating lease liabilities and ROU assets of approximately $530 million and $480 million , respectively. Northern Trust did not restate comparative periods for the effects of applying ASU 2016-02. There was no significant impact to Northern Trust’s consolidated results of operations. Please refer to Note 10, “Lease Commitments” for further information. On January 1, 2019, Northern Trust adopted ASU No. 2017-08, “Receivables-Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Securities” (ASU 2017-08). ASU 2017-08 amends the amortization period for certain callable debt securities held at a premium and shortens the amortization period for the premium to the earliest call date. Upon adoption of ASU 2017-08, there was no significant impact to Northern Trust’s consolidated financial condition or results of operations. On January 1, 2019, Northern Trust adopted ASU No. 2018-16, “Derivatives and Hedging (Topic 815): Inclusion of the Secured Overnight Financing Rate (SOFR) Overnight Index Swap (OIS) Rate as a Benchmark Interest Rate for Hedge Accounting Purposes” (ASU 2018-16). ASU 2018-16 permits use of the OIS rate based on SOFR as a U.S. benchmark interest rate for hedge accounting purposes under Topic 815. Upon adoption of ASU 2018-16, there was no significant impact to Northern Trust’s consolidated financial condition or results of operations.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Valuation Techniques, Significant Unobservable Inputs, and Quantitative Information	The following table presents the fair values of Northern Trust’s Level 3 assets that were measured at fair value on a nonrecurring basis as of December 31, 2019 and 2018 , as well as the valuation technique, significant unobservable inputs, and quantitative information used to develop the significant unobservable inputs for such assets as of such dates. TABLE 63: LEVEL 3 NONRECURRING BASIS SIGNIFICANT UNOBSERVABLE INPUTS DECEMBER 31, 2019 FINANCIAL INSTRUMENT FAIR VALUE VALUATION TECHNIQUE UNOBSERVABLE INPUT RANGE OF DISCOUNTS APPLIED Loans $8.0 million Market Approach Discount to reflect realizable value 15.0% – 30.0% DECEMBER 31, 2018 FINANCIAL INSTRUMENT FAIR VALUE VALUATION TECHNIQUE UNOBSERVABLE INPUT RANGE OF DISCOUNTS APPLIED Loans $24.9 million Market Approach Discount to reflect realizable value 15.0% – 30.0% OREO $0.4 million Market Approach Discount to reflect realizable value 15.0% – 30.0% The following table presents the fair values of Northern Trust’s Level 3 liabilities as of December 31, 2019 and 2018 , as well as the valuation techniques, significant unobservable inputs, and quantitative information used to develop significant unobservable inputs for such liabilities as of such dates. TABLE 60: LEVEL 3 SIGNIFICANT UNOBSERVABLE INPUTS DECEMBER 31, 2019 FINANCIAL INSTRUMENT FAIR VALUE VALUATION TECHNIQUE UNOBSERVABLE INPUT INPUT VALUE Swaps Related to Sale of Certain Visa Class B Common Shares $ 33.4 million Discounted Cash Flow Conversion Rate 1.62x Visa Class A Appreciation 8.54% RANGE OF INPUTS Expected Duration 1.0 – 3.0 years DECEMBER 31, 2018 FINANCIAL INSTRUMENT FAIR VALUE VALUATION TECHNIQUE UNOBSERVABLE INPUT RANGE OF INPUTS Swaps Related to Sale of Certain Visa Class B Common Shares $ 32.8 million Discounted Cash Flow Conversion Rate 1.62x – 1.64x Visa Class A Appreciation 7.0 % – 11.0% Expected Duration 1.5 – 4.0 years
Assets and Liabilities Measured at Fair Value on Recurring Basis Segregated by Fair Value Hierarchy Level	The following presents assets and liabilities measured at fair value on a recurring basis as of December 31, 2019 and 2018 , segregated by fair value hierarchy level. TABLE 61: RECURRING BASIS HIERARCHY LEVELING DECEMBER 31, 2019 (In Millions) LEVEL 1 LEVEL 2 LEVEL 3 NETTING ASSETS/ Debt Securities Available for Sale U.S. Government $ 4,549.1 $ — $ — $ — $ 4,549.1 Obligations of States and Political Subdivisions — 1,615.3 — — 1,615.3 Government Sponsored Agency — 23,271.2 — — 23,271.2 Non-U.S. Government — 3.3 — — 3.3 Corporate Debt — 2,402.7 — — 2,402.7 Covered Bonds — 769.9 — — 769.9 Sub-Sovereign, Supranational and Non-U.S. Agency Bonds — 2,127.6 — — 2,127.6 Other Asset-Backed — 3,330.5 — — 3,330.5 Commercial Mortgage-Backed — 797.7 — — 797.7 Other — 9.0 — — 9.0 Total Available for Sale 4,549.1 34,327.2 — — 38,876.3 Trading Account — 0.3 — — 0.3 Total Available for Sale and Trading Debt Securities 4,549.1 34,327.5 — — 38,876.6 Other Assets Derivative Assets Foreign Exchange Contracts — 3,234.8 — (2,334.1 ) 900.7 Interest Rate Contracts — 152.9 — (3.9 ) 149.0 Total Derivative Assets — 3,387.7 — (2,338.0 ) 1,049.7 Other Liabilities Derivative Liabilities Foreign Exchange Contracts — 3,182.2 — (1,548.6 ) 1,633.6 Interest Rate Contracts — 97.4 — (57.3 ) 40.1 Other Financial Derivatives (1) — — 33.4 (12.5 ) 20.9 Total Derivative Liabilities $ — $ 3,279.6 $ 33.4 $ (1,618.4 ) $ 1,694.6 Note: Northern Trust has elected to net derivative assets and liabilities when legally enforceable master netting arrangements or similar agreements exist between Northern Trust and the counterparty. As of December 31, 2019 , derivative assets and liabilities shown above also include reductions of $1,136.8 million and $417.2 million , respectively, as a result of cash collateral received from and deposited with derivative counterparties. (1) This line consists of swaps related to the sale of certain Visa Class B common shares. DECEMBER 31, 2018 (In Millions) LEVEL 1 LEVEL 2 LEVEL 3 NETTING ASSETS/ Debt Securities Available for Sale U.S. Government $ 5,185.3 $ — $ — $ — $ 5,185.3 Obligations of States and Political Subdivisions — 655.9 — — 655.9 Government Sponsored Agency — 22,424.6 — — 22,424.6 Non-U.S. Government — 142.2 — — 142.2 Corporate Debt — 2,294.7 — — 2,294.7 Covered Bonds — 829.3 — — 829.3 Sub-Sovereign, Supranational and Non-U.S. Agency Bonds — 2,096.2 — — 2,096.2 Other Asset-Backed — 2,657.7 — — 2,657.7 Commercial Mortgage Backed — 587.2 — — 587.2 Other — 15.7 — — 15.7 Total Available for Sale 5,185.3 31,703.5 — — 36,888.8 Trading Account — 0.3 — — 0.3 Total Available for Sale and Trading Debt Securities 5,185.3 31,703.8 — — 36,889.1 Other Assets Derivative Assets Foreign Exchange Contracts — 2,466.1 — (1,308.8 ) 1,157.3 Interest Rate Contracts — 96.1 — (47.0 ) 49.1 Other Financial Derivative (1) — 1.3 — (1.3 ) — Total Derivatives Assets — 2,563.5 — (1,357.1 ) 1,206.4 Other Liabilities Derivative Liabilities Foreign Exchange Contracts — 2,262.5 — (1,751.7 ) 510.8 Interest Rate Contracts — 93.1 — (43.4 ) 49.7 Other Financial Derivative (2) — — 32.8 (1.2 ) 31.6 Total Derivative Liabilities $ — $ 2,355.6 $ 32.8 $ (1,796.3 ) $ 592.1 Note: Northern Trust has elected to net derivative assets and liabilities when legally enforceable master netting arrangements or similar agreements exist between Northern Trust and the counterparty. As of December 31, 2018 , derivative assets and liabilities shown above also include reductions of $134.5 million and $573.7 million , respectively, as a result of cash collateral received from and deposited with derivative counterparties. (1) This line consists of a total return swap contract. (2) This line consists of swaps related to the sale of certain Visa Class B common shares.
Changes in Level 3 Assets	The following table presents the changes in Level 3 liabilities for the years ended December 31, 2019 and 2018 . TABLE 62: CHANGES IN LEVEL 3 LIABILITIES LEVEL 3 LIABILITIES SWAPS RELATED TO SALE OF CERTAIN VISA CLASS B COMMON SHARES (In Millions) 2019 2018 Fair Value at January 1 $ 32.8 $ 29.7 Total (Gains) Losses: Included in Earnings (1) 17.1 19.8 Purchases, Issues, Sales, and Settlements Settlements (16.5 ) (16.7 ) Fair Value at December 31 $ 33.4 $ 32.8 Unrealized (Gains) Losses Included in Earnings Related to Financial Instruments Held at December 31 (1) $ 12.3 $ 13.3 (1) Gains (losses) are recorded in other operating income within the consolidated statements of income.
Changes in Level 3 Liabilities	The following table presents the changes in Level 3 liabilities for the years ended December 31, 2019 and 2018 . TABLE 62: CHANGES IN LEVEL 3 LIABILITIES LEVEL 3 LIABILITIES SWAPS RELATED TO SALE OF CERTAIN VISA CLASS B COMMON SHARES (In Millions) 2019 2018 Fair Value at January 1 $ 32.8 $ 29.7 Total (Gains) Losses: Included in Earnings (1) 17.1 19.8 Purchases, Issues, Sales, and Settlements Settlements (16.5 ) (16.7 ) Fair Value at December 31 $ 33.4 $ 32.8 Unrealized (Gains) Losses Included in Earnings Related to Financial Instruments Held at December 31 (1) $ 12.3 $ 13.3 (1) Gains (losses) are recorded in other operating income within the consolidated statements of income.
Book and Fair Values of All Financial Instruments	The following tables summarize the fair values of all financial instruments. TABLE 64: FAIR VALUE OF FINANCIAL INSTRUMENTS DECEMBER 31, 2019 FAIR VALUE (In Millions) BOOK VALUE TOTAL LEVEL 1 LEVEL 2 LEVEL 3 ASSETS Cash and Due from Banks $ 4,459.2 $ 4,459.2 $ 4,459.2 $ — $ — Federal Reserve and Other Central Bank Deposits 33,886.0 33,886.0 — 33,886.0 — Interest-Bearing Deposits with Banks 4,877.1 4,877.1 — 4,877.1 — Federal Funds Sold and Securities Purchased under Agreements to Resell 712.8 712.8 — 712.8 — Debt Securities Available for Sale (1) 38,876.3 38,876.3 4,549.1 34,327.2 — Held to Maturity 12,284.5 12,249.3 138.8 12,110.5 — Trading Account 0.3 0.3 — 0.3 — Loans (excluding Leases) Held for Investment 31,239.5 31,517.8 — — 31,517.8 Client Security Settlement Receivables 845.7 845.7 — 845.7 — Other Assets Federal Reserve and Federal Home Loan Bank Stock 301.2 301.2 — 301.2 — Community Development Investments 749.3 749.3 — 749.3 — Employee Benefit and Deferred Compensation 199.5 207.6 131.0 76.6 — LIABILITIES Deposits Demand, Noninterest-Bearing, Savings, Money Market and Other Interest-Bearing $ 47,733.6 $ 47,733.6 $ 47,733.6 $ — $ — Savings Certificates and Other Time 986.7 994.2 — 994.2 — Non U.S. Offices Interest-Bearing 60,400.3 60,400.3 — 60,400.3 — Federal Funds Purchased 552.9 552.9 — 552.9 — Securities Sold Under Agreements to Repurchase 489.7 489.7 — 489.7 — Other Borrowings 6,744.8 6,745.9 — 6,745.9 — Senior Notes 2,573.0 2,593.0 — 2,593.0 — Long-Term Debt Subordinated Debt 1,148.1 1,169.5 — 1,169.5 — Floating Rate Capital Debt 277.7 262.1 — 262.1 — Other Liabilities Standby Letters of Credit 25.5 25.5 — — 25.5 Loan Commitments 32.3 32.3 — — 32.3 DERIVATIVE INSTRUMENTS Asset/Liability Management Foreign Exchange Contracts Assets $ 83.1 $ 83.1 $ — $ 83.1 $ — Liabilities 24.1 24.1 — 24.1 — Interest Rate Contracts Assets 20.5 20.5 — 20.5 — Liabilities 21.1 21.1 — 21.1 — Other Financial Derivatives Liabilities (2) 33.4 33.4 — — 33.4 Client-Related and Trading Foreign Exchange Contracts Assets 3,151.7 3,151.7 — 3,151.7 — Liabilities 3,158.1 3,158.1 — 3,158.1 — Interest Rate Contracts Assets 132.4 132.4 — 132.4 — Liabilities 76.3 76.3 — 76.3 — (1) Refer to the table located on page 107 for the disaggregation of available for sale debt securities. (2) This line consists of swaps related to the sale of certain Visa Class B common shares. DECEMBER 31, 2018 FAIR VALUE (In Millions) BOOK VALUE TOTAL LEVEL 1 LEVEL 2 LEVEL 3 ASSETS Cash and Due from Banks $ 4,581.6 $ 4,581.6 $ 4,581.6 $ — $ — Federal Reserve and Other Central Bank Deposits 30,080.2 30,080.2 — 30,080.2 — Interest-Bearing Deposits with Banks 4,264.2 4,264.2 — 4,264.2 — Federal Funds Sold and Securities Purchased under Agreements to Resell 1,165.2 1,165.2 — 1,165.2 — Debt Securities Available for Sale (1) 36,888.8 36,888.8 5,185.3 31,703.5 — Held to Maturity 14,354.0 14,267.0 101.6 14,165.4 — Trading Account 0.3 0.3 — 0.3 — Loans (excluding Leases) Held for Investment 32,287.0 32,339.2 — — 32,339.2 Client Security Settlement Receivables 1,646.1 1,646.1 — 1,646.1 — Other Assets Federal Reserve and Federal Home Loan Bank Stock 300.3 300.3 — 300.3 — Community Development Investments 606.6 606.6 — 606.6 — Employee Benefit and Deferred Compensation 202.3 194.5 125.0 69.5 — LIABILITIES Deposits Demand, Noninterest-Bearing, Savings, Money Market and Other Interest-Bearing $ 37,340.1 $ 37,340.1 $ 37,340.1 $ — $ — Savings Certificates and Other Time 688.7 691.8 — 691.8 — Non U.S. Offices Interest-Bearing 66,468.0 66,468.0 — 66,468.0 — Federal Funds Purchased 2,594.2 2,594.2 — 2,594.2 — Securities Sold Under Agreements to Repurchase 168.3 168.3 — 168.3 — Other Borrowings 7,901.7 7,904.1 — 7,904.1 — Senior Notes 2,011.3 1,994.4 — 1,994.4 — Long-Term Debt Subordinated Debt 1,112.4 1,089.7 — 1,089.7 — Floating Rate Capital Debt 277.6 253.5 — 253.5 — Other Liabilities Standby Letters of Credit 30.8 30.8 — — 30.8 Loan Commitments 34.3 34.3 — — 34.3 DERIVATIVE INSTRUMENTS Asset/Liability Management Foreign Exchange Contracts Assets $ 306.7 $ 306.7 $ — $ 306.7 $ — Liabilities 72.5 72.5 — 72.5 — Interest Rate Contracts Assets 30.0 30.0 — 30.0 — Liabilities 24.5 24.5 — 24.5 — Other Financial Derivatives Assets (2) 1.3 1.3 — 1.3 — Liabilities (3) 32.8 32.8 — — 32.8 Client-Related and Trading Foreign Exchange Contracts Assets 2,159.4 2,159.4 — 2,159.4 — Liabilities 2,190.0 2,190.0 — 2,190.0 — Interest Rate Contracts Assets 66.1 66.1 — 66.1 — Liabilities 68.6 68.6 — 68.6 — (1) Refer to the table located on page 108 for the disaggregation of available for sale debt securities. (2) This line consists of a total return swap contract. (3) This line consists of swaps related to the sale of certain Visa Class B common shares.

Securities (Tables)

Securities (Tables)	12 Months Ended
	Dec. 31, 2019
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Reconciliation of Amortized Cost to Fair Value of Securities Available for Sale	The following tables provide the amortized cost, fair values, and remaining maturities of debt securities available for sale. TABLE 65: RECONCILIATION OF AMORTIZED COST TO FAIR VALUE OF DEBT SECURITIES AVAILABLE FOR SALE DECEMBER 31, 2019 (In Millions) AMORTIZED COST GROSS UNREALIZED GAINS GROSS UNREALIZED LOSSES FAIR VALUE U.S. Government $ 4,527.5 $ 26.7 $ 5.1 $ 4,549.1 Obligations of States and Political Subdivisions 1,604.0 24.6 13.3 1,615.3 Government Sponsored Agency 23,247.5 101.8 78.1 23,271.2 Non-U.S. Government 3.3 — — 3.3 Corporate Debt 2,378.9 27.8 4.0 2,402.7 Covered Bonds 766.3 4.4 0.8 769.9 Sub-Sovereign, Supranational and Non-U.S. Agency Bonds 2,091.3 37.4 1.1 2,127.6 Other Asset-Backed 3,324.5 11.3 5.3 3,330.5 Commercial Mortgage-Backed 769.9 28.7 0.9 797.7 Other 9.0 — — 9.0 Total $ 38,722.2 $ 262.7 $ 108.6 $ 38,876.3 DECEMBER 31, 2018 (In Millions) AMORTIZED COST GROSS UNREALIZED GAINS GROSS UNREALIZED LOSSES FAIR VALUE U.S. Government $ 5,203.1 $ 21.8 $ 39.6 $ 5,185.3 Obligations of States and Political Subdivisions 657.6 2.0 3.7 655.9 Government Sponsored Agency 22,522.7 52.4 150.5 22,424.6 Non-U.S. Government 143.3 — 1.1 142.2 Corporate Debt 2,312.6 3.2 21.1 2,294.7 Covered Bonds 832.7 1.4 4.8 829.3 Sub-Sovereign, Supranational and Non-U.S. Agency Bonds 2,087.8 11.9 3.5 2,096.2 Other Asset-Backed 2,678.9 1.7 22.9 2,657.7 Commercial Mortgage-Backed 587.4 4.0 4.2 587.2 Other 15.7 — — 15.7 Total $ 37,041.8 $ 98.4 $ 251.4 $ 36,888.8
Reconciliation of Amortized Cost to Fair Values of Securities Held to Maturity	The following tables provide the amortized cost, fair values and remaining maturities of debt securities held to maturity. TABLE 67: RECONCILIATION OF AMORTIZED COST TO FAIR VALUES OF DEBT SECURITIES HELD TO MATURITY DECEMBER 31, 2019 (In Millions) AMORTIZED COST GROSS UNREALIZED GAINS GROSS UNREALIZED LOSSES FAIR VALUE U.S. Government $ 138.8 $ — $ — $ 138.8 Obligations of States and Political Subdivisions 10.1 0.2 — 10.3 Government Sponsored Agency 4.1 0.2 — 4.3 Non-U.S. Government 4,076.0 5.3 2.5 4,078.8 Corporate Debt 405.1 1.4 0.3 406.2 Covered Bonds 3,006.7 16.1 2.4 3,020.4 Certificates of Deposit 262.9 — — 262.9 Sub-Sovereign, Supranational and Non-U.S. Agency Bonds 3,285.4 21.7 2.1 3,305.0 Other Asset-Backed 804.3 0.7 0.3 804.7 Other 291.1 0.1 73.3 217.9 Total $ 12,284.5 $ 45.7 $ 80.9 $ 12,249.3 DECEMBER 31, 2018 (In Millions) AMORTIZED COST GROSS UNREALIZED GAINS GROSS UNREALIZED LOSSES FAIR VALUE U.S. Government $ 101.6 $ — $ — $ 101.6 Obligations of States and Political Subdivisions 18.9 0.6 — 19.5 Government Sponsored Agency 4.5 0.2 — 4.7 Non-U.S. Government 6,488.2 2.1 8.7 6,481.6 Corporate Debt 472.9 0.4 1.8 471.5 Covered Bonds 2,877.6 9.6 9.3 2,877.9 Certificates of Deposit 45.1 — — 45.1 Sub-Sovereign, Supranational and Non-U.S. Agency Bonds 2,966.8 5.8 12.3 2,960.3 Other Asset-Backed 1,146.4 — 4.0 1,142.4 Other 232.0 — 69.6 162.4 Total $ 14,354.0 $ 18.7 $ 105.7 $ 14,267.0
Gain (Loss) on Securities [Table Text Block]	DECEMBER 31, (In Millions) 2019 2018 2017 Gross Realized Debt Securities Gains $ 2.4 $ 1.5 $ 0.2 Gross Realized Debt Securities Losses (3.5 ) (2.0 ) (1.6 ) Changes in Other-Than-Temporary Impairment Losses (1) (0.3 ) (0.5 ) (0.2 ) Net Investment Security (Losses)/Gains $ (1.4 ) $ (1.0 ) $ (1.6 ) (1) Other-than-temporary Impairment Losses relate to certain Community Reinvestment Act (CRA) eligible held to maturity debt securities
Securities Continuous Unrealized Loss Position	The following table provides information regarding debt securities that had been in a continuous unrealized loss position for less than 12 months and for 12 months or longer as of December 31, 2019 and 2018 . TABLE 70: DEBT SECURITIES WITH UNREALIZED LOSSES AS OF DECEMBER 31, 2019 LESS THAN 12 MONTHS 12 MONTHS OR LONGER TOTAL (In Millions) FAIR VALUE UNREALIZED LOSSES FAIR VALUE UNREALIZED LOSSES FAIR VALUE UNREALIZED LOSSES U.S. Government $ 252.2 $ 2.7 $ 899.8 $ 2.4 $ 1,152.0 $ 5.1 Obligations of States and Political Subdivisions 902.5 13.3 — — 902.5 13.3 Government Sponsored Agency 5,405.0 35.6 7,818.4 42.5 13,223.4 78.1 Non-U.S. Government 3,620.2 2.5 — — 3,620.2 2.5 Corporate Debt 410.4 1.3 492.8 3.0 903.2 4.3 Covered Bonds 646.8 3.2 — — 646.8 3.2 Sub-Sovereign, Supranational and Non-U.S. Agency Bonds 1,302.0 3.1 155.2 0.1 1,457.2 3.2 Other Asset-Backed 706.9 2.1 1,164.9 3.5 1,871.8 5.6 Commercial Mortgage-Backed 62.8 0.7 59.3 0.2 122.1 0.9 Other 54.1 26.7 164.0 46.6 218.1 73.3 Total $ 13,362.9 $ 91.2 $ 10,754.4 $ 98.3 $ 24,117.3 $ 189.5 AS OF DECEMBER 31, 2018 LESS THAN 12 MONTHS 12 MONTHS OR LONGER TOTAL (In Millions) FAIR VALUE UNREALIZED LOSSES FAIR VALUE UNREALIZED LOSSES FAIR VALUE UNREALIZED LOSSES U.S. Government $ — $ — $ 2,862.0 $ 39.6 $ 2,862.0 $ 39.6 Obligations of States and Political Subdivisions 169.6 2.4 279.6 1.3 449.2 3.7 Government Sponsored Agency 8,368.8 33.5 6,822.4 117.0 15,191.2 150.5 Non-U.S. Government 5,065.2 0.8 1,274.0 9.0 6,339.2 9.8 Corporate Debt 712.7 4.1 1,097.4 18.8 1,810.1 22.9 Covered Bonds 646.4 3.7 696.9 10.4 1,343.3 14.1 Sub-Sovereign, Supranational and Non-U.S. Agency Bonds 1,105.0 4.6 1,189.2 11.2 2,294.2 15.8 Other Asset-Backed 2,507.8 15.9 954.9 11.0 3,462.7 26.9 Commercial Mortgage-Backed 22.8 0.1 274.4 4.1 297.2 4.2 Other 50.5 18.8 112.6 50.8 163.1 69.6 Total $ 18,648.8 $ 83.9 $ 15,563.4 $ 273.2 $ 34,212.2 $ 357.1
Credit Related Impairment Losses Recognized in Earnings on Other Than Temporarily Impaired Securities	The table below provides information regarding total other-than-temporarily impaired debt securities, including noncredit-related amounts recognized in other comprehensive income and net impairment losses recognized in earnings, for the years ended December 31, 2019 , 2018 , and 2017 . TABLE 71: NET IMPAIRMENT LOSSES RECOGNIZED IN EARNINGS DECEMBER 31, (In Millions) 2019 2018 2017 Changes in Other-Than-Temporary Impairment Losses (1) $ (0.3 ) $ (0.5 ) $ (0.2 ) Noncredit-related Losses Recorded in / (Reclassified from) OCI (2) — — — Net Impairment Losses Recognized in Earnings $ (0.3 ) $ (0.5 ) $ (0.2 ) (1) For initial other-than-temporary impairments in the respective period, the balance includes the excess of the amortized cost over the fair value of the impaired securities. For subsequent impairments of the same security, the balance includes any additional changes in fair value of the security subsequent to its most recently recorded OTTI. (2) For initial other-than-temporary impairments in the respective period, the balance includes the portion of the excess of amortized cost over the fair value of the impaired securities that was recorded in OCI. For subsequent impairments of the same security, the balance includes additional changes in OCI for that security subsequent to its most recently recorded OTTI.
Cumulative Credit-Related Losses Recognized in Earnings on Debt Securities Other-Than-Temporarily Impaired	Provided in the table below are the cumulative credit-related losses recognized in earnings on debt securities other-than-temporarily impaired. TABLE 72: CUMULATIVE CREDIT-RELATED LOSSES ON DEBT SECURITIES HELD YEAR ENDED DECEMBER 31, (In Millions) 2019 2018 2017 Cumulative Credit-Related Losses on Debt Securities Held – Beginning of Year $ 4.1 $ 3.6 $ 3.4 Plus: Losses on Newly Identified Impairments 0.2 0.4 0.1 Additional Losses on Previously Identified Impairments 0.1 0.1 0.1 Less: Current and Prior Period Losses on Debt Securities Sold or Matured During the Year — — — Cumulative Credit-Related Losses on Debt Securities Held – End of Year $ 4.4 $ 4.1 $ 3.6
Securities Available for Sale
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Remaining Maturity of Securities	DECEMBER 31, 2019 ONE YEAR OR LESS ONE TO FIVE YEARS FIVE TO TEN YEARS OVER TEN YEARS TOTAL (In Millions) Amortized Cost Fair Value Amortized Cost Fair Value Amortized Cost Fair Value Amortized Cost Fair Value Amortized Cost Fair Value U.S. Government $ 1,899.0 $ 1,898.4 $ 2,075.9 $ 2,098.3 $ 552.6 $ 552.4 $ — $ — $ 4,527.5 $ 4,549.1 Obligations of States and Political Subdivisions 80.0 80.1 83.0 85.4 1,441.0 1,449.8 — — 1,604.0 1,615.3 Government Sponsored Agency 4,994.1 5,005.0 9,714.1 9,728.8 5,870.0 5,869.4 2,669.3 2,668.0 23,247.5 23,271.2 Non-U.S. Government — — 3.3 3.3 — — — — 3.3 3.3 Corporate Debt 341.8 341.7 1,981.5 2,005.5 55.6 55.5 — — 2,378.9 2,402.7 Covered Bonds 281.0 281.6 485.3 488.3 — — — — 766.3 769.9 Sub-Sovereign, Supranational and Non-U.S. Agency Bonds 333.9 334.6 1,707.4 1,743.1 50.0 49.9 — — 2,091.3 2,127.6 Other Asset-Backed 885.1 885.3 1,977.3 1,984.8 452.8 451.1 9.3 9.3 3,324.5 3,330.5 Commercial Mortgage-Backed 46.6 46.4 167.9 174.2 555.4 577.1 — — 769.9 797.7 Other 9.0 9.0 — — — — — — 9.0 9.0 Total $ 8,870.5 $ 8,882.1 $ 18,195.7 $ 18,311.7 $ 8,977.4 $ 9,005.2 $ 2,678.6 $ 2,677.3 $ 38,722.2 $ 38,876.3 Note: Mortgage-backed and asset-backed securities are included in the above table taking into account anticipated future prepayments.
Held-to-maturity Securities
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Remaining Maturity of Securities	December 31, 2019 ONE YEAR OR LESS ONE TO FIVE YEARS FIVE TO TEN YEARS OVER TEN YEARS TOTAL (In Millions) Amortized Cost Fair Value Amortized Cost Fair Value Amortized Cost Fair Value Amortized Cost Fair Value Amortized Cost Fair Value U.S. Government $ 138.8 $ 138.8 $ — $ — $ — $ — $ — $ — $ 138.8 $ 138.8 Obligations of States and Political Subdivisions 8.1 8.2 2.0 2.1 — — — — 10.1 10.3 Government Sponsored Agency 0.6 0.6 1.7 1.8 1.2 1.2 0.6 0.7 4.1 4.3 Non-U.S. Government 2,757.9 2,757.8 1,318.1 1,321.0 — — — — 4,076.0 4,078.8 Corporate Debt 45.9 46.2 359.2 360.0 — — — — 405.1 406.2 Covered Bonds 599.8 601.6 2,406.9 2,418.8 — — — — 3,006.7 3,020.4 Certificates of Deposit 262.9 262.9 — — — — — — 262.9 262.9 Sub-Sovereign, Supranational and Non-U.S. Agency Bonds 577.8 577.8 2,691.5 2,711.4 16.1 15.8 — — 3,285.4 3,305.0 Other Asset-Backed 151.9 152.0 398.3 398.7 254.1 254.0 — — 804.3 804.7 Other 10.6 10.5 132.0 119.3 45.9 39.7 102.6 48.4 291.1 217.9 Total $ 4,554.3 $ 4,556.4 $ 7,309.7 $ 7,333.1 $ 317.3 $ 310.7 $ 103.2 $ 49.1 $ 12,284.5 $ 12,249.3 Note: Mortgage-backed and asset-backed securities are included in the above table taking into account anticipated future prepayments.

Securities Purchased Under Ag_2

Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase (Tables)	12 Months Ended
	Dec. 31, 2019
Investments, Debt and Equity Securities [Abstract]
Securities Purchased under Agreements to Resell	($ In Millions) 2019 2018 Balance at December 31 $ 707.8 $ 1,031.2 Average Balance During the Year 835.0 1,478.3 Average Interest Rate Earned During the Year 2.10 % 2.22 % Maximum Month-End Balance During the Year $ 1,290.0 $ 1,942.0
Securities Sold under Agreements to Repurchase	($ In Millions) 2019 2018 Balance at December 31 $ 489.7 $ 168.3 Average Balance During the Year 339.0 525.2 Average Interest Rate Paid During the Year 1.89 % 1.48 % Maximum Month-End Balance During the Year $ 489.7 $ 981.3
Transfer of Certain Financial Assets Accounted for as Secured Borrowings	Remaining Contractual Maturity of the Agreements ($ In Millions) Overnight and Continuous Repurchase Agreements December 31, 2019 December 31, 2018 U.S. Treasury and Agency Securities $ 489.7 $ 168.3 Total Borrowings 489.7 168.3 Gross Amount of Recognized Liabilities for Repurchase Agreements in Note 28 489.7 168.3 Amounts related to agreements not included in Note 28 — —

Loans and Leases (Tables)

Loans and Leases (Tables)	12 Months Ended
	Dec. 31, 2019
Receivables [Abstract]
Amounts Outstanding for Loans and Leases by Segment and Class	Amounts outstanding for loans and leases, by segment and class, are shown below. TABLE 76: LOANS AND LEASES DECEMBER 31, (In Millions) 2019 2018 Commercial Commercial and Institutional $ 8,915.6 $ 8,728.1 Commercial Real Estate 3,378.0 3,228.8 Non-U.S. 1,751.0 2,701.6 Lease Financing, net 65.6 90.7 Other 164.0 426.0 Total Commercial 14,274.2 15,175.2 Personal Private Client 11,068.7 10,733.3 Residential Real Estate 5,999.6 6,514.0 Other 67.1 67.5 Total Personal 17,135.4 17,314.8 Total Loans and Leases $ 31,409.6 $ 32,490.0 Allowance for Credit Losses Assigned to Loans and Leases (104.5 ) (112.6 ) Net Loans and Leases $ 31,305.1 $ 32,377.4
Components of Net Investment in Direct Finance and Leveraged Leases	The components of the net investment in direct finance and leveraged lease
Future Minimum Lease Payments to be Received	DECEMBER 31, (In Millions) 2019 2018 Direct Finance Leases Lease Receivable $ 1.5 $ 9.8 Residual Value 21.3 23.8 Initial Direct Costs 0.2 0.3 Unearned Income — — Investment in Direct Finance Leases 23.0 33.9 Leveraged Leases Net Rental Receivable 19.1 33.9 Residual Value 33.1 33.3 Unearned Income (9.6 ) (10.4 ) Investment in Leveraged Leases 42.6 56.8 Lease Financing, net $ 65.6 $ 90.7
Loan and Lease Segment and Class Balances Segregated by Borrower Ratings into "1 to 3", "4 to 5" and "6 to 9" (Watch List) Categories	d at least annually. Loan and lease segment and class balances at December 31, 2019 and 2018
Balances and Delinquency Status of Performing and Nonperforming Loans and Leases by Segment and Class as well as Total Other Real Estate Owned and Nonperforming Asset Balances	likelihood of loss.The following table provides balances and delinquency status of performing and nonperforming loans and leases by segment and class, as well as the other real estate owned and total nonperforming asset balances, a
Impaired Loans By Segment and Class	(In Millions) CURRENT 30 – 59 DAYS PAST DUE 60 – 89 DAYS PAST DUE 90 DAYS OR MORE PAST DUE TOTAL PERFORMING NONPERFORMING TOTAL LOANS AND LEASES December 31, 2019 Commercial Commercial and Institutional $ 8,892.7 $ 4.1 $ 10.0 $ 1.2 $ 8,908.0 $ 7.6 $ 8,915.6 Commercial Real Estate 3,363.3 2.4 4.0 4.7 3,374.4 3.6 3,378.0 Non-U.S. 1,750.3 0.2 — — 1,750.5 0.5 1,751.0 Lease Financing, net 65.6 — — — 65.6 — 65.6 Other 164.0 — — — 164.0 — 164.0 Total Commercial 14,235.9 6.7 14.0 5.9 14,262.5 11.7 14,274.2 Personal Private Client 11,025.3 33.1 9.5 0.3 11,068.2 0.5 11,068.7 Residential Real Estate 5,902.3 19.8 4.9 1.2 5,928.2 71.4 5,999.6 Other 67.1 — — — 67.1 — 67.1 Total Personal 16,994.7 52.9 14.4 1.5 17,063.5 71.9 17,135.4 Total Loans and Leases $ 31,230.6 $ 59.6 $ 28.4 $ 7.4 $ 31,326.0 $ 83.6 $ 31,409.6 Other Real Estate Owned $ 3.2 Total Nonperforming Assets $ 86.8 (In Millions) CURRENT 30 – 59 DAYS PAST DUE 60 – 89 DAYS PAST DUE 90 DAYS OR MORE PAST DUE TOTAL PERFORMING NONPERFORMING TOTAL LOANS AND LEASES December 31, 2018 Commercial Commercial and Institutional $ 8,678.2 $ 37.4 $ 4.5 $ 1.2 $ 8,721.3 $ 6.8 $ 8,728.1 Commercial Real Estate 3,191.5 8.4 15.6 6.4 3,221.9 6.9 3,228.8 Non-U.S. 2,701.2 — — — 2,701.2 0.4 2,701.6 Lease Financing, net 90.7 — — — 90.7 — 90.7 Other 426.0 — — — 426.0 — 426.0 Total Commercial 15,087.6 45.8 20.1 7.6 15,161.1 14.1 15,175.2 Personal Private Client 10,681.1 39.5 12.5 — 10,733.1 0.2 10,733.3 Residential Real Estate 6,376.8 27.2 6.2 8.8 6,419.0 95.0 6,514.0 Other 67.5 — — — 67.5 — 67.5 Total Personal 17,125.4 66.7 18.7 8.8 17,219.6 95.2 17,314.8 Total Loans and Leases $ 32,213.0 $ 112.5 $ 38.8 $ 16.4 $ 32,380.7 $ 109.3 $ 32,490.0 Other Real Estate Owned $ 8.4 Total Nonperforming Assets $ 117.7 The following table provides information related to impaired loans by segment and class. TABLE 81: IMPAIRED LOANS AS OF DECEMBER 31, 2019 AS OF DECEMBER 31, 2018 (In Millions) RECORDED INVESTMENT UNPAID PRINCIPAL BALANCE SPECIFIC ALLOWANCE RECORDED INVESTMENT UNPAID PRINCIPAL BALANCE SPECIFIC ALLOWANCE With no related specific allowance Commercial and Institutional $ — $ 0.1 $ — $ 0.2 $ 0.4 $ — Commercial Real Estate 2.4 4.4 — 5.8 7.6 — Residential Real Estate 75.6 102.5 — 76.7 104.7 — Private Client 1.2 1.2 — 1.7 1.7 — With a related specific allowance Commercial and Institutional 6.8 8.9 2.3 6.4 7.3 3.0 Commercial Real Estate 1.2 1.5 1.1 2.6 2.8 1.1 Residential Real Estate 5.0 5.1 1.6 22.8 26.1 3.1 Total Commercial 10.4 14.9 3.4 15.0 18.1 4.1 Personal 81.8 108.8 1.6 101.2 132.5 3.1 Total $ 92.2 $ 123.7 $ 5.0 $ 116.2 $ 150.6 $ 7.2 YEAR ENDED DECEMBER 31, 2019 YEAR ENDED DECEMBER 31, 2018 (In Millions) AVERAGE RECORDED INVESTMENT INTEREST INCOME RECOGNIZED AVERAGE RECORDED INVESTMENT INTEREST INCOME RECOGNIZED With no related specific allowance Commercial and Institutional $ 0.5 $ — $ 6.8 $ — Commercial Real Estate 3.5 0.3 6.4 0.2 Residential Real Estate 88.5 1.8 94.9 1.9 Private Client 1.7 0.1 0.6 0.1 With a related specific allowance Commercial and Institutional 7.9 — 4.6 — Commercial Real Estate 1.4 — 2.1 — Residential Real Estate 16.7 — 9.2 — Total Commercial 13.3 0.3 19.9 0.2 Personal 106.9 1.9 104.7 2.0 Total $ 120.2 $ 2.2 $ 124.6 $ 2.2
Number of Loans and Leases Modified in TDRs and Total Recorded Investments and Unpaid Principal Balances	2018 , respectively. The following table provides, by segment and class, the number of TDR modifications of loans and leases during the years ended December 31, 2019 , and 2018 , and the recorded investments and unpaid principal balances as of December 31, 2019 and 2018 . TABLE 82: TROUBLED DEBT RESTRUCTURINGS ($ In Millions) NUMBER OF LOANS AND LEASES RECORDED INVESTMENT UNPAID PRINCIPAL BALANCE December 31, 2019 Commercial Commercial and Institutional 1 $ 7.5 $ 8.8 Commercial Real Estate 2 — — Total Commercial 3 7.5 8.8 Personal Residential Real Estate 45 37.4 38.8 Private Client — — — Total Personal 45 37.4 38.8 Total Loans and Leases 48 $ 44.9 $ 47.6 Note: Period-end balances reflect all paydowns and charge-offs during the year. ($ In Millions) NUMBER OF LOANS AND LEASES RECORDED INVESTMENT UNPAID PRINCIPAL BALANCE December 31, 2018 Commercial Commercial and Institutional 1 $ 0.3 $ 0.5 Commercial Real Estate 2 2.8 2.8 Total Commercial 3 3.1 3.3 Personal Residential Real Estate 48 27.7 30.8 Private Client 1 — 0.1 Total Personal 49 27.7 30.9 Total Loans and Leases 52 $ 30.8 $ 34.2

Allowance for Credit Losses (Ta

Allowance for Credit Losses (Tables)	12 Months Ended
	Dec. 31, 2019
Receivables [Abstract]
Financing Receivable, Noncurrent, Allowance for Credit Loss	Changes in the allowance for credit losses by segment were as follows: TABLE 83: CHANGES IN THE ALLOWANCE FOR CREDIT LOSSES 2019 2018 2017 (In Millions) COMMERCIAL PERSONAL TOTAL COMMERCIAL PERSONAL TOTAL COMMERCIAL PERSONAL TOTAL Balance at Beginning of Year $ 78.7 $ 59.5 $ 138.2 $ 80.8 $ 73.0 $ 153.8 $ 104.9 $ 87.1 $ 192.0 Charge-Offs (3.0 ) (3.5 ) (6.5 ) (0.9 ) (9.2 ) (10.1 ) (11.4 ) (10.1 ) (21.5 ) Recoveries 0.9 6.3 7.2 1.7 7.3 9.0 5.5 5.8 11.3 Net (Charge-Offs) Recoveries (2.1 ) 2.8 0.7 0.8 (1.9 ) (1.1 ) (5.9 ) (4.3 ) (10.2 ) Provision for Credit Losses (2.7 ) (11.8 ) (14.5 ) (2.9 ) (11.6 ) (14.5 ) (18.2 ) (9.8 ) (28.0 ) Balance at End of Year $ 73.9 $ 50.5 $ 124.4 $ 78.7 $ 59.5 $ 138.2 $ 80.8 $ 73.0 $ 153.8 Allowance for Credit Losses Assigned to: Loans and Leases $ 58.1 $ 46.4 $ 104.5 $ 57.6 $ 55.0 $ 112.6 $ 63.5 $ 67.7 $ 131.2 Undrawn Commitments and Standby Letters of Credit 15.8 4.1 19.9 21.1 4.5 25.6 17.3 5.3 22.6 Total Allowance for Credit Losses $ 73.9 $ 50.5 $ 124.4 $ 78.7 $ 59.5 $ 138.2 $ 80.8 $ 73.0 $ 153.8
Allowances for Credit Losses and Recorded Investments in Loans and Leases by Segment	The following table provides information regarding the recorded investments in loans and leases and the allowance for credit losses by segment as of December 31, 2019 and 2018 . TABLE 84: RECORDED INVESTMENTS IN LOANS AND LEASES (In Millions) COMMERCIAL PERSONAL TOTAL December 31, 2019 Loans and Leases Specifically Evaluated for Impairment $ 10.4 $ 81.8 $ 92.2 Evaluated for Inherent Impairment 14,263.8 17,053.6 31,317.4 Total Loans and Leases 14,274.2 17,135.4 31,409.6 Allowance for Credit Losses on Credit Exposures Specifically Evaluated for Impairment 3.4 1.6 5.0 Evaluated for Inherent Impairment 54.7 44.8 99.5 Allowance Assigned to Loans and Leases 58.1 46.4 104.5 Allowance for Undrawn Exposures Commitments and Standby Letters of Credit 15.8 4.1 19.9 Total Allowance for Credit Losses $ 73.9 $ 50.5 $ 124.4 (In Millions) COMMERCIAL PERSONAL TOTAL December 31, 2018 Loans and Leases Specifically Evaluated for Impairment $ 15.0 $ 101.2 $ 116.2 Evaluated for Inherent Impairment 15,160.2 17,213.6 32,373.8 Total Loans and Leases 15,175.2 17,314.8 32,490.0 Allowance for Credit Losses on Credit Exposures Specifically Evaluated for Impairment 4.1 3.1 7.2 Evaluated for Inherent Impairment 53.5 51.9 105.4 Allowance Assigned to Loans and Leases 57.6 55.0 112.6 Allowance for Undrawn Exposures Commitments and Standby Letters of Credit 21.1 4.5 25.6 Total Allowance for Credit Losses $ 78.7 $ 59.5 $ 138.2

Concentrations of Credit Risk (

Concentrations of Credit Risk (Tables)	12 Months Ended
	Dec. 31, 2019
Risks and Uncertainties [Abstract]
Commercial Real Estate Loan Types	The table below provides additional detail regarding commercial real estate loan types. TABLE 85: COMMERCIAL REAL ESTATE LOANS DECEMBER 31, (In Millions) 2019 2018 Commercial Mortgages Office $ 754.3 $ 811.2 Apartment/ Multi-family 646.5 490.7 Retail 573.3 529.7 Industrial/ Warehouse 278.0 254.9 Other 420.1 426.6 Total Commercial Mortgages 2,672.2 2,513.1 Construction, Acquisition and Development Loans 432.1 420.6 Single Family Investment 95.5 127.0 Other Commercial Real Estate Related 178.2 168.1 Total Commercial Real Estate Loans $ 3,378.0 $ 3,228.8

Buildings and Equipment (Tables

Buildings and Equipment (Tables)	12 Months Ended
	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Summary of Buildings and Equipment	A summary of buildings and equipment is presented below. TABLE 86: BUILDINGS AND EQUIPMENT DECEMBER 31, 2019 (In Millions) ORIGINAL COST ACCUMULATED DEPRECIATION NET BOOK VALUE Land and Improvements $ 14.5 $ 0.5 $ 14.0 Buildings 305.8 156.0 149.8 Equipment 731.0 521.5 209.5 Leasehold Improvements 416.1 306.1 110.0 Total Buildings and Equipment $ 1,467.4 $ 984.1 $ 483.3

Lease Commitments (Tables)

Lease Commitments (Tables)	12 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Lease Cost Components	The following table provides supplemental cash flow information related to leases for the year ended December 31, 2019 . TABLE 91: SUPPLEMENTAL CASH FLOW INFORMATION (In Millions) DECEMBER 31, 2019 Supplemental cash flow information Cash paid for amounts included in the measurement of lease liabilities - operating cash flows $ 101.2 Supplemental non-cash information Right-of-use assets obtained in exchange for new operating lease liabilities $ 108.3 The components of lease costs for the year ended December 31, 2019 were as follows. TABLE 87: LEASE COST COMPONENTS (In Millions) DECEMBER 31, 2019 Operating Lease Cost $ 102.2 Variable Lease Cost 38.7 Sublease Income (6.6 ) Total Lease Cost $ 134.3
Maturity of Lease Liability	The following table presents a maturity analysis of lease liabilities as of December 31, 2019 . TABLE 88: MATURITY OF LEASE LIABILITIES (In Millions) MATURITY OF LEASE LIABILITIES 2020 $ 101.3 2021 85.8 2022 78.5 2023 70.5 2024 59.6 Later Years 300.0 Total Lease Payments 695.7 Less: Imputed Interest (92.6 ) Present Value of Lease Liabilities $ 603.1
Leases	The location and amount of ROU assets and lease liabilities recorded in the consolidated balance sheets as of December 31, 2019 are presented in the following table. TABLE 89: LOCATION AND AMOUNT OF LEASE ASSETS AND LIABILITIES (In Millions) LOCATION OF LEASE ASSETS AND LEASE LIABILITIES ON THE BALANCE SHEET DECEMBER 31, 2019 Assets Operating Lease Right-of-Use Asset Other Assets $ 491.6 Liabilities Operating Lease Liability Other Liabilities $ 603.1 The weighted-average remaining lease term and weighted-average discount rate applied to leases as of December 31, 2019 were as follows: TABLE 90: WEIGHTED-AVERAGE REMAINING LEASE TERM AND DISCOUNT RATE DECEMBER 31, 2019 Operating Leases Weighted-Average Remaining Lease Term 9.2 years Weighted-Average Discount Rate 3.0 %
Minimum Annual Lease Commitments	Therefore, disclosure with respect to minimum annual lease commitments as of December 31, 2018 , for all non-cancelable operating leases with a term of one year or more is provided in the table below, as required by ASC Topic 840. TABLE 92: MINIMUM LEASE PAYMENTS (In Millions) FUTURE MINIMUM LEASE PAYMENTS 2019 $ 98.8 2020 97.8 2021 85.9 2022 77.2 2023 67.7 Later Years 335.7 Total Minimum Lease Payments 763.1 Less: Sublease Rentals (23.4 ) Net Minimum Lease Payments $ 739.7

Goodwill and Other Intangibles

Goodwill and Other Intangibles (Tables)	12 Months Ended
	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Changes by Reporting Segment in Carrying Amounts of Goodwill, including Effect of Foreign Exchange Rates on Non-U.S.-Dollar-Denominated Balances	Changes by reporting segment in the carrying amount of goodwill for the years ended December 31, 2019 and 2018 , including the effect of foreign exchange rates on non-U.S.-dollar-denominated balances, were as follows: TABLE 93: GOODWILL (In Millions) CORPORATE & INSTITUTIONAL SERVICES WEALTH MANAGEMENT TOTAL Balance at December 31, 2017 $ 534.5 $ 71.1 $ 605.6 Goodwill Acquired 71.4 — 71.4 Foreign Exchange Rates (7.7 ) — (7.7 ) Balance at December 31, 2018 $ 598.2 $ 71.1 $ 669.3 Goodwill Acquired 23.5 — 23.5 Foreign Exchange Rates 4.0 — 4.0 Balance at December 31, 2019 $ 625.7 $ 71.1 $ 696.8
Other Intangible Assets Subject to Amortization	The gross carrying amount and accumulated amortization of other intangible assets subject to amortization as of December 31, 2019 and 2018 were as follows: TABLE 94: OTHER INTANGIBLE ASSETS DECEMBER 31, (In Millions) 2019 2018 Gross Carrying Amount $ 207.2 $ 211.1 Less: Accumulated Amortization 86.6 72.5 Net Book Value $ 120.6 $ 138.6

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2019
Banking and Thrift [Abstract]
Time Deposit Maturities	The table below provides the scheduled maturity of total time deposits in denominations of $100,000 or greater at December 31, 2019 . TABLE 95: REMAINING MATURITY OF TIME DEPOSITS $100,000 OR MORE DECEMBER 31, 2019 U.S. OFFICE NON-U.S. OFFICES (In Millions) CERTIFICATES OF DEPOSIT OTHER TIME TOTAL 1 Year or Less $ 673.6 $ 1,018.9 $ 1,692.5 Over 1 Year to 2 Years 196.6 — 196.6 Over 2 Years to 3 Years 7.4 — 7.4 Over 3 Years to 4 Years 3.8 — 3.8 Over 4 Years to 5 Years 4.2 — 4.2 Over 5 Years 0.9 — 0.9 Total $ 886.5 $ 1,018.9 $ 1,905.4

Senior Notes and Long-Term De_2

Senior Notes and Long-Term Debt (Tables)	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Summary of Senior Notes Outstanding	A summary of senior notes outstanding at December 31, 2019 and 2018 is presented below. TABLE 96: SENIOR NOTES DECEMBER 31, ($ In Millions) RATE 2019 2018 Corporation-Senior Notes (1)(3) Fixed Rate Due Nov. 2020 (4) 3.45 % $ 499.9 $ 499.7 Fixed Rate Due Aug. 2021 (5) 3.38 499.4 499.1 Fixed Rate Due Aug. 2022 (6) 2.38 499.4 499.2 Fixed Rate Due Aug. 2028 (7)(10) 3.65 547.2 513.3 Fixed Rate Due May. 2029 (8)(10) 3.15 527.1 — Total Senior Notes $ 2,573.0 $ 2,011.3
Summary of Long-Term Debt Outstanding	A summary of long-term debt outstanding at December 31, 2019 and 2018 is presented below. TABLE 97: LONG-TERM DEBT DECEMBER 31, ($ In Millions) 2019 2018 Corporation-Subordinated Debt (3) 3.95% Notes due Oct. 2025 (1)(9)(10) $ 798.7 $ 763.1 3.375% Fixed-to-Floating Rate Notes due May 2032 (2) 349.4 349.3 Total Corporation Subordinated Debt $ 1,148.1 $ 1,112.4 Long-Term Debt Qualifying as Risk-Based Capital $ 1,099.5 $ 1,099.5 (1) Not redeemable prior to maturity, except for senior notes due Aug. 2028 and senior notes due May 2029, which are redeemable within three months of maturity. (2) The subordinated notes will bear interest from the date they were issued to, but excluding, May 8, 2027, at an annual rate of 3.375% , payable semi-annually in arrears. From, and including, May 8, 2027, the subordinated notes will bear interest at an annual rate equal to three-month LIBOR plus 1.131% , payable quarterly in arrears. The subordinated notes are unsecured and may be redeemed, in whole but not in part, on, and only on, May 8, 2027, at a redemption price equal to 100% of the principal amount of the subordinated notes to be redeemed, plus accrued and unpaid interest, if any, up to but excluding the redemption date. (3) As of December 31, 2019 , debt issue costs of $2.2 million and $1.3 million are included as a direct deduction from the carrying amount of Senior Notes and Long-Term Debt, respectively. Debt issue costs are amortized on a straight-line basis over the life of the Note. (4) Notes issued at a discount of 0.117% (5) Notes issued at a discount of 0.437% (6) Notes issued at a discount of 0.283% (7) Notes issued at a discount of 0.125% (8) Notes issued at a discount of 0.094% (9) Notes issued at a discount of 0.114% (10) Interest rate swap contracts were entered into to modify the interest expense on these senior and subordinated notes from fixed rates to floating rates. The swaps are recorded as fair value hedges and at December 31, 2019 , increases in the carrying values of the senior and subordinated notes outstanding of $126.9 million were recorded. As of December 31, 2018 , net adjustments in the carrying values of subordinated notes outstanding of $29.3 million were recorded.

Floating Rate Capital Debt (Tab

Floating Rate Capital Debt (Tables)	12 Months Ended
	Dec. 31, 2019
Brokers and Dealers [Abstract]
Summary of Book Values of Outstanding Subordinated Debentures	The following table summarizes the book values of the outstanding subordinated debentures as of December 31, 2019 and 2018 . TABLE 98: SUBORDINATED DEBENTURES DECEMBER 31, (In Millions) 2019 2018 NTC Capital I Subordinated Debentures due January 15, 2027 $ 154.3 $ 154.2 NTC Capital II Subordinated Debentures due April 15, 2027 123.4 123.4 Total Subordinated Debentures $ 277.7 $ 277.6

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2019
Equity [Abstract]
Analysis of Changes in Number of Shares of Common Stock Outstanding	An analysis of changes in the number of shares of common stock outstanding follows: TABLE 99: SHARES OF COMMON STOCK 2019 2018 2017 Balance at January 1 219,012,050 226,126,674 228,605,485 Incentive Plan and Awards 1,688,931 1,310,778 1,320,129 Stock Options Exercised 786,931 575,662 1,997,362 Treasury Stock Purchased (11,778,866 ) (9,001,064 ) (5,796,302 ) Balance at December 31 209,709,046 219,012,050 226,126,674

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	12 Months Ended
	Dec. 31, 2019
Equity [Abstract]
Components of Accumulated Other Comprehensive Income (Loss)	The following tables summarize the components of accumulated other comprehensive income (loss) (AOCI) at December 31, 2019 , 2018 , and 2017 , and changes during the years then ended. TABLE 100: SUMMARY OF CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (In Millions) NET UNREALIZED GAINS (LOSSES) ON DEBT SECURITIES AVAILABLE FOR SALE (1) NET UNREALIZED (LOSSES) GAINS ON CASH FLOW HEDGES NET FOREIGN CURRENCY ADJUSTMENTS NET PENSION AND OTHER POSTRETIREMENT BENEFIT ADJUSTMENTS TOTAL Balance at December 31, 2016 $ (32.4 ) $ 6.1 $ (18.5 ) $ (325.2 ) $ (370.0 ) Net Change (42.4 ) (1.6 ) 16.7 (17.0 ) (44.3 ) Balance at December 31, 2017 $ (74.8 ) $ 4.5 $ (1.8 ) $ (342.2 ) $ (414.3 ) Reclassification of Certain Tax Effects from AOCI (17.8 ) 0.9 47.5 (55.9 ) (25.3 ) Net Change (22.3 ) (1.4 ) 22.2 (12.6 ) (14.1 ) Balance at December 31, 2018 $ (114.9 ) $ 4.0 $ 67.9 $ (410.7 ) $ (453.7 ) Net Change 228.9 (7.7 ) 49.9 (12.1 ) 259.0 Balance at December 31, 2019 $ 114.0 $ (3.7 ) $ 117.8 $ (422.8 ) $ (194.7 ) (1) Includes net unrealized gains (losses) on debt securities transferred from available for sale to held to maturity during the years ended December 31, 2019 , 2018 , and 2017 .
Components of Changes in Accumulated Other Comprehensive Income (Loss)	FOR THE YEAR ENDED DECEMBER 31, 2019 2018 2017 (In Millions) BEFORE TAX TAX EFFECT AFTER TAX BEFORE TAX TAX EFFECT AFTER TAX BEFORE TAX TAX EFFECT AFTER TAX Unrealized Gains (Losses) on Debt Securities Available for Sale Unrealized Gains (Losses) on Debt Securities Available for Sale $ 306.1 $ (78.0 ) $ 228.1 $ (31.9 ) $ 9.2 $ (22.7 ) $ (70.2 ) $ 26.9 $ (43.3 ) Reclassification Adjustment for Losses (Gains) Included in Net Income (1) 1.1 (0.3 ) 0.8 0.5 (0.1 ) 0.4 1.4 (0.5 ) 0.9 Net Change $ 307.2 $ (78.3 ) $ 228.9 $ (31.4 ) $ 9.1 $ (22.3 ) $ (68.8 ) $ 26.4 $ (42.4 ) Unrealized (Losses) Gains on Cash Flow Hedges Foreign Exchange Contracts $ 14.9 $ (3.7 ) $ 11.2 $ 70.5 $ (17.6 ) $ 52.9 $ 32.5 $ (19.5 ) $ 13.0 Interest Rate Contracts 1.5 (0.3 ) 1.2 (1.2 ) 0.3 (0.9 ) 1.3 (0.8 ) 0.5 Reclassification Adjustment for (Gains) Losses Included in Net Income (2) (26.7 ) 6.6 (20.1 ) (71.1 ) 17.7 (53.4 ) (24.5 ) 9.4 (15.1 ) Net Change $ (10.3 ) $ 2.6 $ (7.7 ) $ (1.8 ) $ 0.4 $ (1.4 ) $ 9.3 $ (10.9 ) $ (1.6 ) Foreign Currency Adjustments Foreign Currency Translation Adjustments $ 6.4 $ (1.6 ) $ 4.8 $ (107.8 ) $ 1.5 $ (106.3 ) $ 156.5 $ (3.1 ) $ 153.4 Long-Term Intra-Entity Foreign Currency Transaction (Losses) Gains (0.5 ) 0.1 (0.4 ) (1.8 ) 0.5 (1.3 ) 2.0 (0.7 ) 1.3 Net Investment Hedge Gains (Losses) 59.7 (14.2 ) 45.5 173.0 (43.2 ) 129.8 (223.2 ) 85.2 (138.0 ) Net Change $ 65.6 $ (15.7 ) $ 49.9 $ 63.4 $ (41.2 ) $ 22.2 $ (64.7 ) $ 81.4 $ 16.7 Pension and Other Postretirement Benefit Adjustments Net Actuarial (Losses) Gains $ (36.8 ) $ 7.9 $ (28.9 ) $ (54.9 ) $ 9.6 $ (45.3 ) $ (58.4 ) $ 25.4 $ (33.0 ) Reclassification Adjustment for Losses (Gains) Included in Net Income (3) Amortization of Net Actuarial Loss 22.4 (5.4 ) 17.0 $ 36.6 $ (3.6 ) $ 33.0 26.0 (9.9 ) 16.1 Amortization of Prior Service Cost (0.2 ) — (0.2 ) $ (0.3 ) $ — $ (0.3 ) (0.1 ) — (0.1 ) Net Change $ (14.6 ) $ 2.5 $ (12.1 ) $ (18.6 ) $ 6.0 $ (12.6 ) $ (32.5 ) $ 15.5 $ (17.0 ) Total Net Change $ 347.9 $ (88.9 ) $ 259.0 $ 11.6 $ (25.7 ) $ (14.1 ) $ (156.7 ) $ 112.4 $ (44.3 ) (1) The before-tax reclassification adjustment out of AOCI related to the realized gains (losses) on debt securities available for sale is recorded as Investment Security Gains (Losses), net within the consolidated statements of income. (2) See Note 27, "Derivative Financial Instruments" for the location of the reclassification adjustment related to cash flow hedges. (3) The before-tax reclassification adjustment out of AOCI related to pension and other postretirement benefit adjustments is recorded in Employee Benefits expense within the consolidated statements of income.

Net Income per Common Share (Ta

Net Income per Common Share (Tables)	12 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
Computations of Net Income per Common Share	The computations of net income per common share are presented below. TABLE 102: NET INCOME PER COMMON SHARE FOR THE YEAR ENDED DECEMBER 31, ($ In Millions Except Per Common Share Information) 2019 2018 2017 BASIC NET INCOME PER COMMON SHARE Average Number of Common Shares Outstanding 214,525,547 223,148,335 228,257,664 Net Income $ 1,492.2 $ 1,556.4 $ 1,199.0 Less: Dividends on Preferred Stock 46.4 46.4 49.8 Net Income Applicable to Common Stock 1,445.8 1,510.0 1,149.2 Less: Earnings Allocated to Participating Securities 16.9 20.1 18.8 Earnings Allocated to Common Shares Outstanding $ 1,428.9 $ 1,489.9 $ 1,130.4 Basic Net Income Per Common Share 6.66 6.68 4.95 DILUTED NET INCOME PER COMMON SHARE Average Number of Common Shares Outstanding 214,525,547 223,148,335 228,257,664 Plus Dilutive Effect of Share-based Compensation 1,075,602 1,339,991 1,396,737 Average Common and Potential Common Shares 215,601,149 224,488,326 229,654,401 Earnings Allocated to Common and Potential Common Shares $ 1,428.9 $ 1,490.0 $ 1,130.5 Diluted Net Income Per Common Share 6.63 6.64 4.92 Note: For the years ended December 31, 2019 and, 2018 there were no common stock equivalents excluded in the computation of diluted net income per share. Common stock equivalents of 115,491 for the year ended December 31, 2017 were not included in the computation of diluted net income per common share because their inclusion would have been antidilutive.

Revenue from Contracts with C_2

Revenue from Contracts with Clients Revenue from Contracts with Clients (Tables)	12 Months Ended
	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Revenue Disaggregation	The following table presents revenues disaggregated by major revenue source. TABLE 103: REVENUE DISAGGREGATION FOR THE YEAR ENDED DECEMBER 31, (In Millions) 2019 2018 Noninterest Income Trust, Investment and Other Servicing Fees Custody and Fund Administration $ 1,636.4 $ 1,589.1 Investment Management and Advisory 1,930.6 1,862.6 Securities Lending 87.7 102.8 Other 197.4 199.2 Total Trust, Investment and Other Servicing Fees $ 3,852.1 $ 3,753.7 Other Noninterest Income Foreign Exchange Trading Income $ 250.9 $ 307.2 Treasury Management Fees 44.5 51.8 Security Commissions and Trading Income 103.6 98.3 Other Operating Income 145.5 127.5 Investment Security Gains (Losses), net (1.4 ) (1.0 ) Total Other Noninterest Income $ 543.1 $ 583.8 Total Noninterest Income $ 4,395.2 $ 4,337.5
Client Receivables	The table below represents receivables balances from contracts with clients, which are included in Other Assets in the consolidated balance sheets, at December 31, 2019 and 2018 . TABLE 104: CLIENT RECEIVABLES DECEMBER 31, (In Millions) 2019 2018 Trust Fees Receivable, net $ 801.9 $ 742.5 Other 101.1 90.1 Total Client Receivables $ 903.0 $ 832.6

Net Interest Income (Tables)

Net Interest Income (Tables)	12 Months Ended
	Dec. 31, 2019
Banking and Thrift, Interest [Abstract]
Components of Net Interest Income	The components of net interest income were as follows: TABLE 105: NET INTEREST INCOME FOR THE YEAR ENDED DECEMBER 31, (In Millions) 2019 2018 2017 Interest Income Loans and Leases $ 1,153.4 $ 1,098.8 $ 919.1 Securities – Taxable 1,070.7 905.2 594.1 – Non-Taxable 3.8 7.0 9.8 Interest-Bearing Due from and Deposits with Banks (1) 72.4 70.0 63.8 Federal Reserve and Other Central Bank Deposits and Other 199.6 240.4 182.6 Total Interest Income $ 2,499.9 $ 2,321.4 $ 1,769.4 Interest Expense Deposits $ 488.9 $ 384.6 $ 182.1 Federal Funds Purchased 25.9 50.3 10.4 Securities Sold under Agreements to Repurchase 6.4 7.8 6.0 Other Borrowings 181.7 150.1 50.7 Senior Notes 72.6 53.4 46.9 Long-Term Debt 38.3 45.0 39.2 Floating Rate Capital Debt 8.2 7.5 4.9 Total Interest Expense $ 822.0 $ 698.7 $ 340.2 Net Interest Income $ 1,677.9 $ 1,622.7 $ 1,429.2 (1) Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets.

Other Operating Income (Tables)

Other Operating Income (Tables)	12 Months Ended
	Dec. 31, 2019
Other Income and Expenses [Abstract]
Components of Other Operating Income	The components of other operating income were as follows: TABLE 106: OTHER OPERATING INCOME FOR THE YEAR ENDED DECEMBER 31, (In Millions) 2019 2018 2017 Loan Service Fees $ 48.0 $ 48.9 $ 50.7 Banking Service Fees 45.6 46.4 48.6 Other Income 51.9 32.2 58.2 Total Other Operating Income $ 145.5 $ 127.5 $ 157.5

Other Operating Expense (Tables

Other Operating Expense (Tables)	12 Months Ended
	Dec. 31, 2019
Other Income and Expenses [Abstract]
Summary of other operating expenses	The components of other operating expense were as follows: TABLE 107: OTHER OPERATING EXPENSE FOR THE YEAR ENDED DECEMBER 31, (In Millions) 2019 2018 2017 Business Promotion $ 104.2 $ 98.3 $ 95.4 FDIC Insurance Premiums 9.9 27.4 34.7 Staff Related 42.8 33.6 42.8 Other Intangibles Amortization 16.6 17.4 11.4 Other Expenses 156.3 153.9 147.3 Total Other Operating Expense $ 329.8 $ 330.6 $ 331.6

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Reconciliation of Total Provision for Income Taxes with Amounts Computed at Federal Tax Rate of 35%	The following table reconciles the total provision for income taxes recorded in the consolidated statements of income with the amounts computed at the statutory federal tax rate for the periods presented below. TABLE 108: INCOME TAXES FOR THE YEAR ENDED DECEMBER 31, (In Millions) 2019 2018 2017 Federal Rate 21.0 % 21.0 % 35.0 % Tax at Statutory Rate $ 408.3 $ 411.1 $ 571.9 Tax Exempt Income (11.5 ) (6.9 ) (9.6 ) Foreign Tax Rate Differential 4.6 (7.3 ) (50.0 ) Excess Tax Benefit Related to Share-Based Compensation (17.5 ) (16.8 ) (31.6 ) State Taxes, net 55.0 66.3 40.7 Impact of Tax Cuts and Jobs Act — (4.8 ) (53.1 ) Change in Accounting Method — (24.4 ) — Valuation Allowance 29.5 (0.8 ) 0.3 Other (16.5 ) (15.0 ) (33.7 ) Provision for Income Taxes $ 451.9 $ 401.4 $ 434.9
Components of Consolidated Provision for Income Taxes	The components of the consolidated provision for income taxes for each of the three years ended December 31 are as follows: TABLE 111: PROVISION FOR INCOME TAXES FOR THE YEAR ENDED DECEMBER 31, (In Millions) 2019 2018 2017 Current Tax Provision: Federal $ 216.4 $ 132.8 $ 347.3 State 50.7 95.4 38.3 Non-U.S. 150.5 162.7 125.4 Total 417.6 390.9 511.0 Deferred Tax Provision: Federal $ 16.5 $ 33.8 $ (96.4 ) State 16.5 (13.8 ) 24.6 Non-U.S. 1.3 (9.5 ) (4.3 ) Total 34.3 10.5 (76.1 ) Provision for Income Taxes $ 451.9 $ 401.4 $ 434.9 The TCJA was enacted on December 22, 2017, and reduced the U.S. federal corporate tax rate from 35% to 21% . It also required companies to pay a mandatory deemed repatriation tax on earnings of foreign subsidiaries that were previously tax deferred. At December 31, 2017, Northern Trust made a reasonable estimate as to the impact of the TCJA. During 2018, Northern Trust completed the related calculations and additional analyses associated with the implementation of the TCJA, resulting in a number of adjustments to the 2018 tax provision as follows: TABLE 109: IMPACT OF TAX CUTS AND JOBS ACT (In Millions) 2018 2017 Federal Taxes on Mandatory Deemed Repatriation $ (16.8 ) $ 150.0 Impact Related to Federal Deferred Taxes 12.7 (210.0 ) Other Adjustments (0.7 ) 6.9 Provision (Benefit) for Income Taxes $ (4.8 ) $ (53.1 )
Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits	A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: TABLE 110: UNRECOGNIZED TAX BENEFITS (In Millions) 2019 2018 2017 Balance at January 1 $ 21.9 $ 27.7 $ 17.2 Additions for Tax Positions Taken in the Current Year 0.9 0.5 9.9 Additions for Tax Positions Taken in Prior Years 4.0 1.7 6.2 Reductions for Tax Positions Taken in Prior Years (1.5 ) (7.8 ) (5.4 ) Reductions Resulting from Expiration of Statutes — (0.2 ) (0.2 ) Balance at December 31 $ 25.3 $ 21.9 $ 27.7
Tax Charges (Benefits) Recorded Directly to Stockholders' Equity	In addition to the amounts shown above, tax charges and benefits have been recorded directly to stockholders’ equity for the following: TABLE 112: TAX CHARGES AND BENEFITS RECORDED DIRECTLY TO STOCKHOLDERS’ EQUITY FOR THE YEAR ENDED DECEMBER 31, (In Millions) 2019 2018 2017 Tax Effect of Other Comprehensive Income 88.9 25.7 (112.4 )
Deferred Tax Liabilities and Assets	Deferred tax assets and liabilities have been computed as follows: TABLE 113: NET DEFERRED TAX LIABILITIES DECEMBER 31, (In Millions) 2019 2018 Deferred Tax Liabilities: Lease Financing $ 36.9 $ 43.3 Software Development 249.4 193.2 Accumulated Depreciation 99.8 129.5 Compensation and Benefits 8.3 10.9 State Taxes, net 66.4 58.9 Other Liabilities 206.7 114.5 Gross Deferred Tax Liabilities 667.5 550.3 Deferred Tax Assets: Allowance for Credit Losses 26.1 29.0 Other Assets 147.0 120.6 Gross Deferred Tax Assets 173.1 149.6 Valuation Reserve (29.8 ) (0.3 ) Deferred Tax Assets, net of Valuation Reserve 143.3 149.3 Net Deferred Tax Liabilities $ 524.2 $ 401.0

Employee Benefits (Tables)

Employee Benefits (Tables)	12 Months Ended
	Dec. 31, 2019
Retirement Benefits [Abstract]
Plan Status of U.S. Plan, Non-U.S. Plans and Supplemental Plan	The following tables set forth the status, amounts included in AOCI, and net periodic pension expense of the U.S. Qualified Plan, Non-U.S. Pension Plans, and U.S. Non-Qualified Plan for 2019 , 2018 , and 2017 . Prior service costs are being amortized on a straight-line basis over 11 years for the U.S. Qualified Plan and 10 years for the U.S. Non-Qualified Plan. TABLE 114: EMPLOYEE BENEFIT PLAN STATUS U.S. QUALIFIED PLAN NON-U.S. PENSION PLANS U.S. NON-QUALIFIED PLAN ($ In Millions) 2019 2018 2019 2018 2019 2018 Accumulated Benefit Obligation $ 1,181.9 $ 980.6 $ 204.7 $ 178.4 $ 131.5 $ 120.9 Projected Benefit Obligation 1,323.4 1,092.0 211.1 183.5 149.2 135.6 Plan Assets at Fair Value 1,601.2 1,380.1 190.1 166.7 — — Funded Status at December 31 $ 277.8 $ 288.1 $ (21.0 ) $ (16.8 ) $ (149.2 ) $ (135.6 ) Weighted-Average Assumptions: Discount Rates 3.37 % 4.47 % 1.40 % 2.16 % 3.37 % 4.47 % Rate of Increase in Compensation Level 4.97 4.39 1.50 1.75 4.97 4.39 Expected Long-Term Rate of Return on Assets 5.25 6.00 1.72 2.39 N/A N/A The following tables set forth the postretirement health care plan status and amounts included in AOCI at December 31, 2019 and 2018 , the net periodic postretirement benefit cost of the plan for 2019 and 2018 , and the change in the accumulated postretirement benefit obligation during 2019 and 2018 . TABLE 122: POSTRETIREMENT HEALTH CARE PLAN STATUS DECEMBER 31, (In Millions) 2019 2018 Accumulated Postretirement Benefit Obligation at Measurement Date: Retirees and Dependents $ 25.2 $ 23.5 Actives Eligible for Benefits 3.6 4.6 Net Postretirement Benefit Obligation $ 28.8 $ 28.1
Amount Included in Accumulated Other Comprehensive Income	U.S. QUALIFIED PLAN NON-U.S. PENSION PLANS U.S. NON-QUALIFIED PLAN (In Millions) 2019 2018 2019 2018 2019 2018 Net Actuarial Loss $ 426.7 $ 435.4 $ 46.5 $ 41.2 $ 82.5 $ 65.8 Prior Service (Benefit) Cost (1.0 ) (1.4 ) 3.0 3.6 0.2 0.4 Gross Amount in Accumulated Other Comprehensive Income 425.7 434.0 49.5 44.8 82.7 66.2 Income Tax Effect 105.7 108.5 6.2 6.0 20.4 16.4 Net Amount in Accumulated Other Comprehensive Income $ 320.0 $ 325.5 $ 43.3 $ 38.8 $ 62.3 $ 49.8 DECEMBER 31, (In Millions) 2019 2018 Net Actuarial (Gain) Loss $ (5.4 ) $ (6.5 ) Prior Service Cost — — Gross Amount in Accumulated Other Comprehensive Income (5.4 ) (6.5 ) Income Tax Effect (1.4 ) (2.2 ) Net Amount in Accumulated Other Comprehensive Income $ (4.0 ) $ (4.3 )
Components of Company's Net Periodic Benefit Cost	U.S. QUALIFIED PLAN NON-U.S. PENSION PLANS U.S. NON-QUALIFIED PLAN ($ In Millions) 2019 2018 2017 2019 2018 2017 2019 2018 2017 Service Cost $ 41.6 $ 41.4 $ 38.3 $ 2.0 $ 1.7 $ 0.4 $ 4.1 $ 4.3 $ 3.7 Interest Cost 47.2 44.3 45.9 3.9 4.0 4.0 5.8 5.3 5.2 Expected Return on Plan Assets (86.9 ) (88.2 ) (93.8 ) (4.4 ) (4.4 ) (4.5 ) — N/A N/A Settlement Expense — — — — 0.5 1.1 — — — Amortization: Net Actuarial Loss 17.2 28.2 19.0 0.6 0.9 1.3 5.6 7.4 5.7 Prior Service (Benefit) Cost (0.4 ) (0.4 ) (0.4 ) 0.3 0.2 0.1 0.2 0.2 0.2 Net Periodic Pension Expense $ 18.7 $ 25.3 $ 9.0 $ 2.4 $ 2.9 $ 2.4 $ 15.7 $ 17.2 $ 14.8 Weighted-Average Assumptions: Discount Rates 4.47 % 3.79 % 4.46 % 2.16 % 2.08 % 2.33 % 4.47 % 3.79 % 4.46 % Rate of Increase in Compensation Level 4.39 4.39 4.39 1.75 1.75 1.75 4.39 4.39 4.39 Expected Long-Term Rate of Return on Assets 6.00 6.00 6.75 2.39 2.61 3.13 N/A N/A N/A FOR THE YEAR ENDED DECEMBER 31, (In Millions) 2019 2018 2017 Service Cost $ — $ — $ 0.1 Interest Cost 1.2 1.3 1.4 Expected Return on Plan Assets — — — Amortization Net Gain (1.1 ) — — Prior Service Benefit — — — Net Periodic Postretirement Expense $ 0.1 $ 1.3 $ 1.5
Change in Benefit Obligation, Postretirement Health Care, and in Accumulated Postretirement Benefit Obligation	U.S. QUALIFIED PLAN NON-U.S. PENSION PLANS U.S. NON-QUALIFIED PLAN (In Millions) 2019 2018 2019 2018 2019 2018 Beginning Balance $ 1,092.0 $ 1,209.9 $ 183.5 $ 198.3 $ 135.6 $ 144.5 Service Cost 41.6 41.4 2.0 1.7 4.1 4.3 Interest Cost 47.2 44.3 3.9 4.0 5.8 5.3 Employee Contributions — — 0.6 0.4 — — Plan Amendment — — (0.4 ) 1.3 — — Actuarial Loss (Gain) 213.3 (112.4 ) 20.9 (9.3 ) 22.0 (9.7 ) Settlement — — — (2.7 ) — — Benefits Paid (70.7 ) (91.2 ) (3.6 ) (1.1 ) (18.3 ) (8.8 ) Foreign Exchange Rate Changes — — 4.2 (9.1 ) — — Ending Balance $ 1,323.4 $ 1,092.0 $ 211.1 $ 183.5 $ 149.2 $ 135.6 FOR THE YEAR ENDED DECEMBER 31, (In Millions) 2019 2018 Beginning Balance $ 28.1 $ 34.4 Service Cost — — Interest Cost 1.2 1.3 Actuarial Loss (Gain) 0.2 (6.7 ) Net Claims Paid (0.7 ) (0.9 ) Ending Balance $ 28.8 $ 28.1
Estimated Future Benefit Payments	(In Millions) TOTAL 2020 $ 2.5 2021 2.4 2022 2.3 2023 2.2 2024 2.1 2025-2029 9.6 (In Millions) U.S. QUALIFIED PLAN NON-U.S.PENSION PLANS U.S. NON-QUALIFIED PLAN 2020 $ 81.0 $ 3.9 $ 15.0 2021 82.9 4.2 16.7 2022 84.3 4.2 18.4 2023 91.1 4.6 20.3 2024 89.6 4.9 16.2 2025-2029 469.7 29.9 60.8
Change in Plan Assets	U.S. QUALIFIED PLAN NON-U.S PENSION PLANS (In Millions) 2019 2018 2019 2018 Fair Value of Assets at Beginning of Period $ 1,380.1 $ 1,506.4 $ 166.7 $ 178.7 Actual Return on Assets 291.8 (85.1 ) 18.6 (2.3 ) Employer Contributions — 50.0 3.1 2.6 Employee Contributions — — 0.6 0.4 Settlement — — — (2.7 ) Benefits Paid (70.7 ) (91.2 ) (3.6 ) (1.1 ) Foreign Exchange Rate Changes — — 4.7 (8.9 ) Fair Value of Assets at End of Period $ 1,601.2 $ 1,380.1 $ 190.1 $ 166.7
Fair Values of U.S. Pension Plan Assets by Major Asset Category, and their Level within Fair Value Hierarchy	The following table presents the fair values of Northern Trust’s U.S. Qualified Plan assets, by major asset category, and their level within the fair value hierarchy defined by GAAP as of December 31, 2019 and 2018 . TABLE 120: FAIR VALUE OF U.S. QUALIFIED PLAN ASSETS DECEMBER 31, 2019 (In Millions) LEVEL 1 LEVEL 2 LEVEL 3 TOTAL Domestic Common Stock $ 12.3 $ — $ — $ 12.3 Domestic Corporate Bonds — 254.6 — 254.6 Foreign Corporate Bonds — 45.0 — 45.0 U.S. Government Obligations — 168.3 — 168.3 Non-U.S. Government Obligations — 18.8 — 18.8 Domestic Municipal and Provincial Bonds — 23.1 — 23.1 Foreign Municipal and Provincial Bonds — 0.3 — 0.3 Collective Trust Funds — 866.6 — 866.6 Mutual Funds 112.8 — — 112.8 Northern Trust Private Equity Funds — — 20.3 20.3 Northern Trust Hedge Funds — — 30.2 30.2 Real Estate Funds — — 46.3 46.3 Cash and Other 2.6 — — 2.6 Total Assets at Fair Value $ 127.7 $ 1,376.7 $ 96.8 $ 1,601.2 DECEMBER 31, 2018 (In Millions) LEVEL 1 LEVEL 2 LEVEL 3 TOTAL Domestic Common Stock $ 27.7 $ — $ — $ 27.7 Domestic Corporate Bonds — 227.6 — 227.6 Foreign Corporate Bonds — 34.2 — 34.2 U.S. Government Obligations — 155.5 — 155.5 Non-U.S. Government Obligations — 15.1 — 15.1 Domestic Municipal and Provincial Bonds — 22.7 — 22.7 Foreign Municipal and Provincial Bonds — 2.0 — 2.0 Collective Trust Funds — 745.8 — 745.8 Mutual Funds 92.4 — — 92.4 Exchange Traded Fund 0.1 — — 0.1 Northern Trust Private Equity Funds — — 25.5 25.5 Northern Trust Hedge Funds — — 29.2 29.2 Cash and Other 2.3 — — 2.3 Total Assets at Fair Value $ 122.5 $ 1,202.9 $ 54.7 $ 1,380.1
Changes in Level 3 U.S. Pension Plan Assets	The following table presents the changes in Level 3 assets for the years ended December 31, 2019 and 2018 . TABLE 121: CHANGE IN U.S. QUALIFIED PLAN LEVEL 3 ASSETS PRIVATE EQUITY FUNDS HEDGE FUNDS REAL ESTATE FUNDS (In Millions) 2019 2018 2019 2018 2019 2018 Fair Value at January 1 $ 25.5 $ 29.3 $ 29.2 $ 44.6 $ — $ — Actual Return on Plan Assets (1) (2.8 ) (1.5 ) 1.2 (2.7 ) 0.2 — Realized Gain 7.4 8.7 — 2.4 — — Purchases 0.1 0.3 — — 46.1 — Sales (9.9 ) (11.3 ) (0.2 ) (15.1 ) — — Fair Value at December 31 $ 20.3 $ 25.5 $ 30.2 $ 29.2 $ 46.3 $ — (1) The return on plan assets represents the change in the unrealized gain (loss) on assets still held at December 31.

Share-Based Compensation Plans

Share-Based Compensation Plans (Tables)	12 Months Ended
	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation Expense for Share-Based Payment Arrangements and Associated Tax Impacts	Total compensation expense for share-based payment arrangements to employees and the associated tax impacts were as follows for the periods presented. TABLE 127: TOTAL COMPENSATION EXPENSE FOR SHARE-BASED PAYMENT ARRANGEMENTS TO EMPLOYEES FOR THE YEAR ENDED DECEMBER 31, (In Millions) 2019 2018 2017 Restricted Stock Unit Awards $ 81.4 $ 96.3 $ 87.3 Stock Options 1.4 2.6 9.0 Performance Stock Units 25.1 32.0 31.7 Total Share-Based Compensation Expense $ 107.9 $ 130.9 $ 128.0 Tax Benefits Recognized $ 26.7 $ 32.5 $ 48.7
Weighted Average Assumptions Used for Options Granted	The weighted-average assumptions used for options granted during the year ended December 31, 2017 are as follows: TABLE 128: WEIGHTED-AVERAGE ASSUMPTIONS USED FOR OPTIONS GRANTED 2017 Expected Term (in Years) 6.9 Dividend Yield 1.81 % Expected Volatility 23.2 Risk-Free Interest Rate 2.11
Information Pertaining to Stock Options Granted, Vested and Exercised	The following table provides information about stock options granted, vested, and exercised in the years ended December 31, 2019 , 2018 , and 2017 . TABLE 129: STOCK OPTIONS GRANTED, VESTED, AND EXERCISED FOR THE YEAR ENDED DECEMBER 31, (In Millions, Except Per Share Information) 2019 2018 2017 Weighted Average Grant-Date Per Share Fair Value of Stock Options Granted $ — $ — $ 19.18 Grant-Date Fair Value of Stock Options Vested 6.6 8.1 7.3 Stock Options Exercised Intrinsic Value as of Exercise Date 35.4 28.5 74.7 Cash Received 44.0 32.6 108.0 Tax Deduction Benefits Realized 35.2 27.7 73.1
Summary of Status of Stock Options under 2012 Plan and 2002 Plan	A summary of the status of stock options at December 31, 2019 , and changes during the year then ended, are presented in the table below. TABLE 131: STATUS OF STOCK OPTIONS AND CHANGES ($ In Millions Except Per Share Information) SHARES WEIGHTED AVERAGE EXERCISE PRICE PER SHARE WEIGHTED AVERAGE REMAINING CONTRACTUAL TERM (YEARS) AGGREGATE INTRINSIC VALUE Options Outstanding, December 31, 2018 2,481,061 $ 61.90 Granted — — Exercised (786,931 ) 55.91 Forfeited, Expired or Cancelled 2,806 53.10 Options Outstanding, December 31, 2019 1,696,936 $ 64.77 4.1 $ 70.4 Options Exercisable, December 31, 2019 1,311,997 $ 61.42 3.8 $ 58.5
Unvested Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Changes in Nonvested Stock	The following is a summary of changes in nonvested stock options for the year ended December 31, 2019 . TABLE 130: CHANGES IN NONVESTED STOCK OPTIONS NONVESTED OPTIONS SHARES WEIGHTED- AVERAGE GRANT-DATE Nonvested at December 31, 2018 757,738 $ 17.36 Granted — — Vested (372,799 ) 17.26 Forfeited or Cancelled — — Nonvested at December 31, 2019 384,939 $ 17.45
Restricted Stock Unit Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Status of Outstanding Restricted Stock Unit Awards 2012 Plan and the 2002 Plan	A summary of the status of outstanding restricted stock unit awards at December 31, 2019 , and changes during the year then ended, is presented in the following table. TABLE 132: OUTSTANDING RESTRICTED STOCK UNIT AWARDS ($ In Millions) NUMBER AGGREGATE INTRINSIC VALUE Restricted Stock Unit Awards Outstanding, December 31, 2018 3,121,842 $ 261.0 Granted 855,112 Distributed (1,271,190 ) Forfeited (61,002 ) Restricted Stock Unit Awards Outstanding, December 31, 2019 2,644,762 $ 281.0 Units Convertible, December 31, 2019 23,435 $ 2.5
Changes in Nonvested Restricted Stock Unit Awards	The following is a summary of nonvested restricted stock unit awards at December 31, 2019 , and changes during the year then ended. TABLE 133: NONVESTED RESTRICTED STOCK UNIT AWARDS NONVESTED RESTRICTED NUMBER WEIGHTED AVERAGE GRANT- DATE FAIR VALUE PER UNIT WEIGHTED AVERAGE REMAINING VESTING TERM (YEARS) Nonvested at December 31, 2018 2,977,120 $ 79.92 1.9 Granted 855,112 91.89 Vested (1,147,020 ) 72.17 Forfeited (61,002 ) 77.64 Nonvested at December 31, 2019 2,624,210 $ 87.26 1.7

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Notional and Fair Value Amounts of Client-related and Trading Derivative Financial Instruments	The following table shows the notional and fair values of all derivative financial instruments as of December 31, 2019 and 2018 . TABLE 134: NOTIONAL AND FAIR VALUES OF DERIVATIVE FINANCIAL INSTRUMENTS DECEMBER 31, 2019 DECEMBER 31, 2018 FAIR VALUE FAIR VALUE (In Millions) NOTIONAL VALUE ASSET (1) LIABILITY (2) NOTIONAL VALUE ASSET (1) LIABILITY (2) Derivatives Designated as Hedging under GAAP Interest Rate Contracts Fair Value Hedges $ 4,538.2 $ 20.3 $ 20.9 $ 4,590.4 $ 29.8 $ 23.3 Cash Flow Hedges 200.0 0.2 0.2 600.0 0.2 1.2 Foreign Exchange Contracts Cash Flow Hedges 1,661.5 8.5 11.5 2,648.2 13.8 57.8 Net Investment Hedges 2,873.8 73.7 11.9 3,475.1 292.4 14.5 Total Derivatives Designated as Hedging under GAAP $ 9,273.5 $ 102.7 $ 44.5 $ 11,313.7 $ 336.2 $ 96.8 Derivatives Not Designated as Hedging under GAAP Non-Designated Risk Management Derivatives Foreign Exchange Contracts $ 176.5 $ 0.9 $ 0.7 $ 122.2 $ 0.5 $ 0.2 Other Financial Derivatives (3) 640.3 — 33.4 483.4 1.3 32.8 Total Non-Designated Risk Management Derivatives $ 816.8 $ 0.9 $ 34.1 $ 605.6 $ 1.8 $ 33.0 Client-Related and Trading Derivatives Foreign Exchange Contracts $ 291,533.6 $ 3,151.7 $ 3,158.1 $ 281,864.4 $ 2,159.4 $ 2,190.0 Interest Rate Contracts 8,976.8 132.4 76.3 7,711.2 66.1 68.6 Total Client-Related and Trading Derivatives $ 300,510.4 $ 3,284.1 $ 3,234.4 $ 289,575.6 $ 2,225.5 $ 2,258.6 Total Derivatives Not Designated as Hedging under GAAP $ 301,327.2 $ 3,285.0 $ 3,268.5 $ 290,181.2 $ 2,227.3 $ 2,291.6 Total Gross Derivatives $ 310,600.7 $ 3,387.7 $ 3,313.0 $ 301,494.9 $ 2,563.5 $ 2,388.4 Less: Netting (4) 2,338.0 1,618.4 1,357.1 1,796.3 Total Derivative Financial Instruments $ 1,049.7 $ 1,694.6 $ 1,206.4 $ 592.1 (1) Derivative assets are reported in Other Assets on the consolidated balance sheets. (2) Derivative liabilities are reported in Other Liabilities on the consolidated balance sheets. (3) This line includes swaps related to sales of certain Visa Class B common shares and total return swap contracts. (4) See further detail in Note 28, "Offsetting of Assets and Liabilities."
Gains/Losses of Derivative Financial Instruments	The following table provides fair value and cash flow hedge derivative gains and losses recognized in income during the years ended December 31, 2019 , 2018 and 2017 . TABLE 135: LOCATION AND AMOUNT OF FAIR VALUE AND CASH FLOW HEDGE DERIVATIVE GAINS AND LOSSES RECORDED IN INCOME (in Millions) INTEREST INCOME INTEREST EXPENSE OTHER OPERATING INCOME OTHER OPERATING EXPENSE For the Year Ended December 31, 2019 2018 2017 2019 2018 2017 2019 2018 2017 2019 2018 2017 Total amounts on the consolidated statements of income $ 2,499.9 $ 2,321.4 $ 1,769.4 $ 822.0 $ 698.7 $ 340.2 $ 145.5 $ 127.5 $ 157.5 $ 329.8 $ 330.6 $ 331.6 Gains (Losses) on fair value hedges recognized on Interest Rate Contracts Recognized on derivatives (95.9 ) 13.9 8.8 99.4 (9.5 ) (24.3 ) — — — — — — Recognized on hedged items 95.9 (13.9 ) (8.8 ) (99.4 ) 9.5 24.3 — — — — — — Amounts related to interest settlements on derivatives 21.2 17.8 (9.6 ) 5.2 7.9 27.7 — — — — — — Total gains (losses) recognized on fair value hedges $ 21.2 $ 17.8 $ (9.6 ) $ 5.2 $ 7.9 $ 27.7 $ — $ — $ — $ — $ — $ — Gains (Losses) on cash flow hedges recognized on Foreign Exchange Contracts Net gains (losses) reclassified from AOCI to net income 26.4 67.4 19.3 — — — 0.8 3.9 5.0 — — (0.1 ) Interest Rate Contracts Net gains (losses) reclassified from AOCI to net income (0.5 ) (0.2 ) 0.3 — — — — — — — — — Total gains (losses) reclassified from AOCI to net income on cash flow hedges $ 25.9 $ 67.2 $ 19.6 $ — $ — $ — $ 0.8 $ 3.9 $ 5.0 $ — $ — $ (0.1 ) The following table provides the impact of fair value hedge accounting on the carrying value of the designated hedged items as of December 31, 2019 and 2018 . TABLE 136: HEDGED ITEMS IN FAIR VALUE HEDGES DECEMBER 31, 2019 DECEMBER 31, 2018 (In Millions) CARRYING VALUE OF THE HEDGED ITEMS CUMULATIVE HEDGE ACCOUNTING BASIS ADJUSTMENT (1) CARRYING VALUE OF THE HEDGED ITEMS CUMULATIVE HEDGE ACCOUNTING BASIS ADJUSTMENT (2) Available for Sale Debt Securities (3) $ 2,981.0 $ 3.3 $ 3,831.6 $ 99.4 Senior Notes and Long-Term Subordinated Debt 1,748.5 126.9 1,248.8 29.3 Total $ 4,729.5 $ 130.2 $ 5,080.4 $ 128.7 (1) The cumulative hedge accounting basis adjustment includes $1.5 million related to discontinued hedging relationships of available for sale debt securities as of December 31, 2019 . There are no amounts related to discontinued hedging relationships in the cumulative hedge accounting basis adjustment of senior notes and long-term debt as of December 31, 2019 . (2) There are no amounts related to discontinued hedging relationships as of December 31, 2018 . (3) Carrying value represents amortized cost.
Gains/Losses of Derivative Financial Instruments Not Designated as Hedging	The following table provides the location and amount of gains and losses recorded in the consolidated statements of income for the years ended December 31, 2019 , 2018 , and 2017 for derivative instruments not designated as hedges under GAAP. TABLE 137: LOCATION AND AMOUNT OF GAINS AND LOSSES RECORDED IN INCOME FOR DERIVATIVES NOT DESIGNATED AS HEDGING UNDER GAAP (In Millions) DERIVATIVE GAINS (LOSSES) LOCATION RECOGNIZED IN INCOME AMOUNT OF DERIVATIVE GAINS (LOSSES) RECOGNIZED IN INCOME 2019 2018 2017 Non-designated risk management derivatives Foreign Exchange Contracts Other Operating Income $ (1.6 ) $ (4.1 ) $ 8.2 Other Financial Derivatives (1) Other Operating Income (20.0 ) (19.2 ) (13.3 ) Gains (Losses) from non-designated risk management derivatives $ (21.6 ) $ (23.3 ) $ (5.1 ) Client-related and trading derivatives Foreign Exchange Contracts Foreign Exchange Trading Income 250.9 307.2 209.9 Interest Rate Contracts Security Commissions and Trading Income 12.9 7.7 10.7 Gains (Losses) from client-related and trading derivatives $ 263.8 $ 314.9 $ 220.6 Total gains (losses) from derivatives not designated as hedging under GAAP $ 242.2 $ 291.6 $ 215.5 (1) This line includes swaps related to the sale of certain Visa Class B common shares and total return swap contracts.

Offsetting of Assets and Liab_2

Offsetting of Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Securities Purchased Under Agreements to Resell and Derivative Assets in the Consolidated Balance Sheet	The following table provides information regarding the offsetting of derivative assets and of securities purchased under agreements to resell within the consolidated balance sheets as of December 31, 2019 and 2018 . TABLE 138: OFFSETTING OF DERIVATIVE ASSETS AND SECURITIES PURCHASED UNDER AGREEMENTS TO RESELL December 31, 2019 (In Millions) GROSS RECOGNIZED ASSETS GROSS AMOUNTS OFFSET IN THE BALANCE SHEET (2) NET AMOUNTS PRESENTED IN THE BALANCE SHEET GROSS AMOUNTS NOT OFFSET IN THE BALANCE SHEET NET AMOUNT (4) Derivative Assets (1) Foreign Exchange Contracts Over the Counter (OTC) $ 2,691.1 $ 2,334.1 $ 357.0 $ 16.5 $ 340.5 Interest Rate Swaps OTC 151.9 3.9 148.0 — 148.0 Interest Rate Swaps Exchange Cleared 1.0 — 1.0 — 1.0 Total Derivatives Subject to a Master Netting Arrangement 2,844.0 2,338.0 506.0 16.5 489.5 Total Derivatives Not Subject to a Master Netting Arrangement 543.7 — 543.7 0.3 543.4 Total Derivatives 3,387.7 2,338.0 1,049.7 16.8 1,032.9 Securities Purchased under Agreements to Resell (3) $ 707.8 $ — $ 707.8 $ 707.8 $ — December 31, 2018 (In Millions) GROSS GROSS AMOUNTS OFFSET IN THE BALANCE SHEET (2) NET AMOUNTS PRESENTED IN THE BALANCE SHEET GROSS AMOUNTS NOT OFFSET IN THE BALANCE SHEET NET (4) Derivative Assets (1) Foreign Exchange Contracts OTC $ 1,902.3 $ 1,308.8 $ 593.5 $ 12.7 $ 580.8 Interest Rate Swaps OTC 71.6 22.6 49.0 — 49.0 Interest Rate Swaps Exchange Cleared 24.5 24.4 0.1 — 0.1 Other Financial Derivative 1.3 1.3 — — — Total Derivatives Subject to a Master Netting Arrangement 1,999.7 1,357.1 642.6 12.7 629.9 Total Derivatives Not Subject to a Master Netting Arrangement 563.8 — 563.8 2.7 561.1 Total Derivatives 2,563.5 1,357.1 1,206.4 15.4 1,191.0 Securities Purchased under Agreements to Resell (3) $ 1,031.2 $ — $ 1,031.2 $ 1,031.2 $ — (1) Derivative assets are reported in Other Assets in the consolidated balance sheets. Other Assets (excluding derivative assets) totaled $7.4 billion and $4.6 billion as of December 31, 2019 and 2018 , respectively. (2) Including cash collateral received from counterparties. (3) Securities purchased under agreements to resell are reported in federal funds sold and securities purchased under agreements to resell in the consolidated balance sheets. Federal funds sold totaled $5.0 million and $134.0 million as of December 31, 2019 and 2018 , respectively. (4) Northern Trust did not possess any cash collateral that was not offset in the consolidated balance sheets that could have been used to offset the net amounts presented in the consolidated balance sheets as of December 31, 2019 and 2018 .
Securities Sold Under Agreements to Repurchase and Derivative Liabilities in the Consolidated Balance Sheet	The following table provides information regarding the offsetting of derivative liabilities and of securities sold under agreements to repurchase within the consolidated balance sheets as of December 31, 2019 and 2018 . TABLE 139: OFFSETTING OF DERIVATIVE LIABILITIES AND SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE December 31, 2019 (In Millions) GROSS RECOGNIZED LIABILITIES GROSS AMOUNTS OFFSET IN THE BALANCE SHEET (2) NET AMOUNTS PRESENTED IN THE BALANCE SHEET GROSS AMOUNTS NOT OFFSET IN THE BALANCE SHEET NET AMOUNT (3) Derivative Liabilities (1) Foreign Exchange Contracts OTC $ 2,181.6 $ 1,548.6 $ 633.0 $ 0.1 $ 632.9 Interest Rate Swaps OTC 96.7 57.3 39.4 — 39.4 Interest Rate Swaps Exchange Cleared 0.7 — 0.7 — 0.7 Other Financial Derivatives 33.4 12.5 20.9 — 20.9 Total Derivatives Subject to a Master Netting Arrangement 2,312.4 1,618.4 694.0 0.1 693.9 Total Derivatives Not Subject to a Master Netting Arrangement 1,000.6 — 1,000.6 — 1,000.6 Total Derivatives 3,313.0 1,618.4 1,694.6 0.1 1,694.5 Securities Sold under Agreements to Repurchase $ 489.7 $ — $ 489.7 $ 489.7 $ — December 31, 2018 (In Millions) GROSS GROSS AMOUNTS OFFSET IN THE BALANCE SHEET (2) NET AMOUNTS PRESENTED IN THE BALANCE SHEET GROSS AMOUNTS NOT OFFSET IN THE BALANCE SHEET NET (3) Derivative Liabilities (1) Foreign Exchange Contracts OTC $ 1,821.0 $ 1,751.7 $ 69.3 $ — $ 69.3 Interest Rate Swaps OTC 68.8 19.0 49.8 — 49.8 Interest Rate Swaps Exchange Cleared 24.4 24.4 — — — Other Financial Derivatives 32.8 1.2 31.6 — 31.6 Total Derivatives Subject to a Master Netting Arrangement 1,947.0 1,796.3 150.7 — 150.7 Total Derivatives Not Subject to a Master Netting Arrangement 441.4 — 441.4 — 441.4 Total Derivatives 2,388.4 1,796.3 592.1 — 592.1 Securities Sold under Agreements to Repurchase $ 168.3 $ — $ 168.3 $ 168.3 $ — (1) Derivative liabilities are reported in Other Liabilities in the consolidated balance sheets. Other Liabilities (excluding derivative liabilities) totaled $3.1 billion and $2.5 billion as of December 31, 2019 and 2018 , respectively. (2) Including cash collateral deposited with counterparties. (3) Northern Trust did not place any cash collateral with counterparties that was not offset in the consolidated balance sheets that could have been used to offset the net amounts presented in the consolidated balance sheets as of December 31, 2019 and 2018 .

Off-Balance-Sheet Financial I_2

Off-Balance-Sheet Financial Instruments, Guarantees and Other Commitments (Tables)	12 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Commitments and Letters of Credit	The following table provides details of Northern Trust's off-balance sheet financial instruments as of December 31, 2019 and 2018 . TABLE 140: SUMMARY OF OFF-BALANCE SHEET FINANCIAL INSTRUMENTS DECEMBER 31, (In Millions) 2019 2018 Legally Binding Commitments to Extend Credit (1) $ 24,406.2 $ 25,023.0 Standby Letters of Credit and Financial Guarantees (2)(3) 2,416.7 2,486.2 Commercial Letters of Credit 32.3 32.3 Custody Securities Lent with Indemnification 138,085.9 128,904.8 (1) These amounts exclude $243.6 million and $242.3 million of commitments participated to others at December 31, 2019 and 2018 , respectively. (2) These amounts include $44.5 million and $72.3 million of standby letters of credit secured by cash deposits or participated to others as of December 31, 2019 and 2018 , respectively. (3) At December 31, 2019 , $1.4 billion of the standby letters of credit will expire within one year or less and $845.9 million in one to five years.

Pledged and Restricted Assets (

Pledged and Restricted Assets (Tables)	12 Months Ended
	Dec. 31, 2019
Financial Instruments Owned and Pledged as Collateral [Abstract]
Type of Pledged Assets	The following table presents Northern Trust's pledged assets. TABLE 141: TYPE OF PLEDGED ASSETS FOR THE YEAR ENDED DECEMBER 31, (In Billions) 2019 2018 Securities Obligations of States and Political Subdivisions $ 1.0 $ 0.6 Government Sponsored Agency and Other Securities 33.4 30.9 Loans 7.7 8.1 Total Pledged Assets $ 42.1 $ 39.6 TABLE 142: FAIR VALUE OF AVAILABLE FOR SALE DEBT SECURITIES INCLUDED IN PLEDGED ASSETS SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE DERIVATIVE CONTRACTS (In Millions) DECEMBER 31, 2019 DECEMBER 31, 2018 DECEMBER 31, 2019 DECEMBER 31, 2018 Debt Securities Available for Sale $ 487.1 $ 151.5 $ 14.4 $ 29.0
Accepted Collateral	The following table presents the fair value of securities accepted as collateral. There was no repledged or sold collateral at December 31, 2019 or 2018 . TABLE 143: ACCEPTED COLLATERAL FOR THE YEAR ENDED DECEMBER 31, (In Millions) 2019 2018 Collateral that may be repledged or sold Repurchase agreements $ 707.8 $ 426.2 Derivative contracts 16.8 15.4 Collateral that may not be repledged or sold Repurchase agreements — 605.0

Reporting Segments and Relate_2

Reporting Segments and Related Information (Tables)	12 Months Ended
	Dec. 31, 2019
Segment Reporting [Abstract]
Earnings Contribution of Northern Trust's Reporting Segments	The following tables reflect the earnings contribution and average assets of Northern Trust’s reporting segments for the years ended December 31, 2019 , 2018 , and 2017 . TABLE 144: CORPORATE AND INSTITUTIONAL SERVICES RESULTS OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, ($ In Millions) 2019 2018 2017 Noninterest Income Trust, Investment and Other Servicing Fees $ 2,211.5 $ 2,173.1 $ 1,984.6 Foreign Exchange Trading Income 232.2 233.4 197.9 Other Noninterest Income 178.2 183.0 176.1 Total Noninterest Income 2,621.9 2,589.5 2,358.6 Net Interest Income (1) 918.7 992.2 733.8 Revenue (1) 3,540.6 3,581.7 3,092.4 Provision for Credit Losses 1.9 1.9 3.4 Noninterest Expense 2,605.5 2,421.4 2,194.5 Income before Income Taxes (1) 933.2 1,158.4 894.5 Provision for Income Taxes (1) 219.4 255.3 279.5 Net Income $ 713.8 $ 903.1 $ 615.0 Percentage of Consolidated Net Income 48 % 58 % 51 % Average Assets $ 87,557.1 $ 82,996.5 $ 80,105.6 (1) Stated on an FTE basis. TABLE 145: WEALTH MANAGEMENT RESULTS OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, ($ In Millions) 2019 2018 2017 Noninterest Income Trust, Investment and Other Servicing Fees $ 1,640.6 $ 1,580.6 $ 1,449.7 Foreign Exchange Trading Income 18.7 4.2 3.1 Other Noninterest Income 131.1 102.7 103.9 Total Noninterest Income 1,790.4 1,687.5 1,556.7 Net Interest Income (1) 792.0 816.5 736.2 Revenue (1) 2,582.4 2,504.0 2,292.9 Provision for Credit Losses (16.4 ) (16.4 ) (31.4 ) Noninterest Expense 1,531.6 1,460.0 1,405.3 Income before Income Taxes (1) 1,067.2 1,060.4 919.0 Provision for Income Taxes (1) 271.1 262.1 347.2 Net Income $ 796.1 $ 798.3 $ 571.8 Percentage of Consolidated Net Income 53 % 51 % 48 % Average Assets $ 29,994.3 $ 26,163.7 $ 26,599.9 (1) Stated on an FTE basis. TABLE 146: TREASURY AND OTHER RESULTS OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, ($ In Millions) 2019 2018 2017 Noninterest Income $ (17.1 ) $ 60.5 $ 30.8 Net Interest Income (1) — (144.8 ) 5.0 Revenue (1) (17.1 ) (84.3 ) 35.8 Noninterest Expense 6.4 135.5 169.6 Income (Loss) before Income Taxes (1) (23.5 ) (219.8 ) (133.8 ) Provision (Benefit) for Income Taxes (1) (5.8 ) (74.8 ) (146.0 ) Net Income $ (17.7 ) $ (145.0 ) $ 12.2 Percentage of Consolidated Net Income (1 )% (9 )% 1 % Average Assets $ — $ 13,786.4 $ 12,901.9 (1) Stated on an FTE basis. TABLE 147: CONSOLIDATED FINANCIAL INFORMATION FOR THE YEAR ENDED DECEMBER 31, (In Millions) 2019 2018 2017 Noninterest Income Trust, Investment and Other Servicing Fees $ 3,852.1 $ 3,753.7 $ 3,434.3 Foreign Exchange Trading Income 250.9 307.2 209.9 Other Noninterest Income 292.2 276.6 301.9 Total Noninterest Income 4,395.2 4,337.5 3,946.1 Net Interest Income (1) 1,710.7 1,663.9 1,475.0 Revenue (1) 6,105.9 6,001.4 5,421.1 Provision for Credit Losses (14.5 ) (14.5 ) (28.0 ) Noninterest Expense 4,143.5 4,016.9 3,769.4 Income before Income Taxes (1) 1,976.9 1,999.0 1,679.7 Provision for Income Taxes (1) 484.7 442.6 480.7 Net Income $ 1,492.2 $ 1,556.4 $ 1,199.0 Average Assets $ 117,551.4 $ 122,946.6 $ 119,607.4 (1) Stated on an FTE basis. The consolidated figures include $32.8 million , $41.2 million , and $45.8 million , of FTE adjustments for 2019 , 2018 , and 2017 , respectively.
Distribution of Total Assets and Operating Performance	The table below summarizes Northern Trust’s performance based on the allocation process described above without regard to guarantors or the location of collateral. TABLE 148: DISTRIBUTION OF TOTAL ASSETS AND OPERATING PERFORMANCE (In Millions) TOTAL ASSETS TOTAL REVENUE (1) INCOME BEFORE INCOME TAXES NET INCOME 2019 Non-U.S. $ 27,888.6 $ 1,889.5 $ 600.0 $ 451.0 U.S. 108,939.8 4,183.6 1,344.1 1,041.2 Total $ 136,828.4 $ 6,073.1 $ 1,944.1 $ 1,492.2 2018 Non-U.S. $ 32,712.9 $ 2,018.1 $ 786.4 $ 625.7 U.S. 99,499.6 3,942.1 1,171.4 930.7 Total $ 132,212.5 $ 5,960.2 $ 1,957.8 $ 1,556.4 2017 Non-U.S. $ 30,325.3 $ 1,709.7 $ 613.5 $ 430.0 U.S. 108,265.2 3,665.6 1,020.4 769.0 Total $ 138,590.5 $ 5,375.3 $ 1,633.9 $ 1,199.0 (1) Total revenue is comprised of net interest income and noninterest income.

Regulatory Capital Requiremen_2

Regulatory Capital Requirements (Tables)	12 Months Ended
	Dec. 31, 2019
Banking and Thrift [Abstract]
Risk-Based Capital Amounts and Ratios for Northern Trust on Consolidated Basis and for Bank	The table below provides capital ratios for the Corporation and the Bank determined by Basel III phased in requirements. TABLE 149: RISK-BASED AND LEVERAGE CAPITAL AMOUNTS AND RATIOS DECEMBER 31, 2019 DECEMBER 31, 2018 ($ In Millions) STANDARDIZED APPROACH ADVANCED APPROACH STANDARDIZED APPROACH ADVANCED APPROACH BALANCE RATIO BALANCE RATIO BALANCE RATIO BALANCE RATIO Common Equity Tier 1 Capital Northern Trust Corporation $ 8,898.7 12.7 % $ 8,898.7 13.2 % $ 8,729.8 12.9 % $ 8,729.8 13.7 % The Northern Trust Company 8,476.0 12.3 8,476.0 13.0 8,722.5 13.1 8,722.5 14.1 Minimum to qualify as well-capitalized: Northern Trust Corporation N/A N/A N/A N/A N/A N/A N/A N/A The Northern Trust Company 4,472.0 6.5 4,230.0 6.5 4,335.9 6.5 4,007.4 6.5 Tier 1 Capital Northern Trust Corporation 10,152.0 14.5 10,152.0 15.0 9,596.7 14.1 9,596.7 15.0 The Northern Trust Company 8,476.0 12.3 8,476.0 13.0 8,722.5 13.1 8,722.5 14.1 Minimum to qualify as well-capitalized: Northern Trust Corporation 4,205.3 6.0 4,051.6 6.0 4,070.2 6.0 3,834.9 6.0 The Northern Trust Company 5,504.0 8.0 5,206.2 8.0 5,336.4 8.0 4,932.2 8.0 Total Capital Northern Trust Corporation 11,456.7 16.3 11,332.3 16.8 10,942.0 16.1 10,803.8 16.9 The Northern Trust Company 9,610.4 14.0 9,486.0 14.6 9,870.7 14.8 9,732.5 15.8 Minimum to qualify as well-capitalized: Northern Trust Corporation 7,008.8 10.0 6,752.7 10.0 6,783.7 10.0 6,391.5 10.0 The Northern Trust Company 6,880.1 10.0 6,507.7 10.0 6,670.6 10.0 6,165.3 10.0 Tier 1 Leverage Northern Trust Corporation 10,152.0 8.7 10,152.0 8.7 9,596.7 8.0 9,596.7 8.0 The Northern Trust Company 8,476.0 7.3 8,476.0 7.3 8,722.5 7.3 8,722.5 7.3 Minimum to qualify as well-capitalized: Northern Trust Corporation N/A N/A N/A N/A N/A N/A N/A N/A The Northern Trust Company 5,835.4 5.0 5,835.4 5.0 5,998.6 5.0 5,998.6 5.0 Supplementary Leverage (1) Northern Trust Corporation N/A N/A 10,152.0 7.6 N/A N/A 9,596.7 7.0 The Northern Trust Company N/A N/A 8,476.0 6.4 N/A N/A 8,722.5 6.4 Minimum to qualify as well-capitalized: Northern Trust Corporation N/A N/A N/A N/A N/A N/A N/A N/A The Northern Trust Company N/A N/A 3,983.6 3.0 N/A N/A 4,077.2 3.0 (1) Effective January 1, 2018, a minimum supplementary leverage ratio of 3 percent became applicable.

Northern Trust Corporation (C_2

Northern Trust Corporation (Corporation only) (Tables) - Parent Company	12 Months Ended
	Dec. 31, 2019
Condensed Financial Statements, Captions [Line Items]
Condensed Balance Sheet	DECEMBER 31, (In Millions) 2019 2018 ASSETS Cash on Deposit with Subsidiary Bank $ 2,559.1 $ 866.8 Advances to Wholly-Owned Subsidiaries – Banks 2,370.0 2,910.0 Investments in Wholly-Owned Subsidiaries – Banks 9,349.8 9,585.2 – Nonbank 163.0 182.9 Other Assets 1,444.7 803.1 Total Assets $ 15,886.6 $ 14,348.0 LIABILITIES Senior Notes $ 2,573.0 $ 2,011.3 Long Term Debt 1,148.1 1,112.4 Floating Rate Capital Debt 277.7 277.6 Other Liabilities 796.8 438.5 Total Liabilities 4,795.6 3,839.8 STOCKHOLDERS’ EQUITY Preferred Stock 1,273.4 882.0 Common Stock 408.6 408.6 Additional Paid-in Capital 1,013.1 1,068.4 Retained Earnings 11,656.7 10,776.8 Accumulated Other Comprehensive Income (Loss) (194.7 ) (453.7 ) Treasury Stock (3,066.1 ) (2,173.9 ) Total Stockholders’ Equity 11,091.0 10,508.2 Total Liabilities and Stockholders’ Equity $ 15,886.6 $ 14,348.0
Condensed Statement of Income	FOR THE YEAR ENDED DECEMBER 31, (In Millions) 2019 2018 2017 OPERATING INCOME Dividends – Bank Subsidiaries $ 2,024.1 $ 1,200.9 $ 525.0 – Nonbank Subsidiaries 0.4 — — Intercompany Interest and Other Charges 115.1 91.9 58.2 Interest and Other Income 20.2 (8.7 ) 18.1 Total Operating Income 2,159.8 1,284.1 601.3 OPERATING EXPENSES Interest Expense 121.6 97.3 76.5 Other Operating Expenses 28.6 17.0 25.9 Total Operating Expenses 150.2 114.3 102.4 Income before Income Taxes and Equity in Undistributed Net Income of Subsidiaries 2,009.6 1,169.8 498.9 Benefit for Income Taxes 24.3 24.6 43.7 Income before Equity in Undistributed Net Income of Subsidiaries 2,033.9 1,194.4 542.6 Equity in Undistributed Net Income of Subsidiaries – Banks (559.9 ) 336.7 632.6 – Nonbank 18.2 25.3 23.8 Net Income $ 1,492.2 $ 1,556.4 $ 1,199.0 Preferred Stock Dividends 46.4 46.4 49.8 Net Income Applicable to Common Stock $ 1,445.8 $ 1,510.0 $ 1,149.2
Condensed Statement of Cash Flows	FOR THE YEAR ENDED DECEMBER 31, (In Millions) 2019 2018 2017 CASH FLOWS FROM OPERATING ACTIVITIES Net Income $ 1,492.2 $ 1,556.4 $ 1,199.0 Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Equity in Undistributed Net Income of Subsidiaries 541.7 (362.0 ) (656.4 ) Change in Prepaid Expenses (400.4 ) (0.6 ) (0.3 ) Change in Accrued Income Taxes 114.1 (141.8 ) 17.2 Other Operating Activities, net 141.9 125.6 55.7 Net Cash Provided by Operating Activities 1,889.5 1,177.6 615.2 CASH FLOWS FROM INVESTING ACTIVITIES Proceeds from Sale, Maturity and Redemption of Debt Securities – Available for Sale — 1.0 — Advances to Wholly-Owned Subsidiaries 540.0 (436.5 ) 100.0 Acquisition of a Business, Net of Cash Received — (31.2 ) — Other Investing Activities, net 3.7 (3.1 ) 1.9 Net Cash Provided by (Used in) Investing Activities 543.7 (469.8 ) 101.9 CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from Senior Notes 498.0 497.9 350.0 Proceeds from Issuance of Preferred Stock - Series E 391.4 — — Treasury Stock Purchased (1,100.2 ) (924.3 ) (523.1 ) Net Proceeds from Stock Options 44.0 32.6 108.0 Cash Dividends Paid on Common Stock (529.7 ) (405.4 ) (356.8 ) Cash Dividends Paid on Preferred Stock (46.4 ) (46.4 ) (49.8 ) Other Financing Activities, net 2.0 2.1 0.1 Net Cash (Used In) Provided by Financing Activities (740.9 ) (843.5 ) (471.6 ) Net Change in Cash on Deposit with Subsidiary Bank 1,692.3 (135.7 ) 245.5 Cash on Deposit with Subsidiary Bank at Beginning of Year 866.8 1,002.5 757.0 Cash on Deposit with Subsidiary Bank at End of Year $ 2,559.1 $ 866.8 $ 1,002.5

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Narrative (Detail)	12 Months Ended
	Dec. 31, 2019USD ($)payment_periodLocationSegment
Property, Plant and Equipment [Line Items]
Number of client-focused reportable segment | Segment	2
Maximum limit of individual homogeneous loans collective evaluation for impairment and excluded from impaired loan disclosures | $	$ 1,000,000
Lower Limit
Property, Plant and Equipment [Line Items]
Days contractually past due for interest and principal and the loan is not well-secured and in the process of collection	90 days
Loans and leases receivable nonperforming to performing status	6
Restructured loans and leases receivable nonperforming to performing status	6
Period for which troubled debt restructurings with modified terms is performing before ceasing to be classified as impaired loan	6
Troubled debt restructuring loans and leases receivable to Performing status	6
Upper Limit
Property, Plant and Equipment [Line Items]
Number of days past due for disclosure purposes to be categorized as a current	29 days
Buildings | Upper Limit
Property, Plant and Equipment [Line Items]
Charge for depreciation, range of life	30 years
Equipment | Lower Limit
Property, Plant and Equipment [Line Items]
Charge for depreciation, range of life	3 years
Equipment | Upper Limit
Property, Plant and Equipment [Line Items]
Charge for depreciation, range of life	10 years
Computer Software
Property, Plant and Equipment [Line Items]
Software, useful life	15 years
Computer Software | Lower Limit
Property, Plant and Equipment [Line Items]
Software, useful life	3 years
Computer Software | Upper Limit
Property, Plant and Equipment [Line Items]
Software, useful life	10 years
WEALTH MANAGEMENT
Property, Plant and Equipment [Line Items]
Minimum assets requirement to be managed | $	$ 200,000,000
Services provided by business units, states | Location	19

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2019	Jan. 01, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease, liability	$ 603.1
Operating lease, right-of-use asset	$ 491.6
2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease, liability		$ 530
Operating lease, right-of-use asset		$ 480

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Detail) shares in Millions, $ in Millions	Dec. 31, 2019USD ($)security	Dec. 31, 2018USD ($)security	Jun. 30, 2016shares	Jun. 30, 2015shares
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for Sale	$ 38,876.3	$ 36,888.8
Trading account securities	$ 0.3	$ 0.3
Visa Class B
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Common stock issued (in shares) | shares			1.1	1
LEVEL 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of available for sale securities portfolio | security	1,704	1,479
Available for Sale	$ 34,300	$ 31,700
LEVEL 2 | External Pricing
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading account securities	0.3
Loans | Fair Value, Measurements, Nonrecurring | LEVEL 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets, fair value	$ 8	24.9
OREO | Fair Value, Measurements, Nonrecurring | LEVEL 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets, fair value		$ 0.4

Fair Value Measurements - Level

Fair Value Measurements - Level 3 Significant Unobservable Inputs (Detail) $ in Millions	Dec. 31, 2019USD ($)year	Dec. 31, 2018USD ($)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative liability	$ 1,694.6	$ 592.1
Swap | Fair Value, Measurements, Recurring | LEVEL 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative liability	$ 33.4	$ 32.8
Conversion Rate | Swap | Fair Value, Measurements, Recurring | LEVEL 3 | Lower Limit
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative liability, measurement input	1.62	1.62
Conversion Rate | Swap | Fair Value, Measurements, Recurring | LEVEL 3 | Upper Limit
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative liability, measurement input		1.64
Visa Class A Appreciation | Swap | Fair Value, Measurements, Recurring | LEVEL 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative liability, measurement input	0.0854
Visa Class A Appreciation | Swap | Fair Value, Measurements, Recurring | LEVEL 3 | Lower Limit
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative liability, measurement input		0.070
Visa Class A Appreciation | Swap | Fair Value, Measurements, Recurring | LEVEL 3 | Upper Limit
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative liability, measurement input		0.110
Expected Duration | Swap | Fair Value, Measurements, Recurring | LEVEL 3 | Lower Limit
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative liability, measurement input	1	1.5
Expected Duration | Swap | Fair Value, Measurements, Recurring | LEVEL 3 | Upper Limit
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative liability, measurement input	3	4

Fair Value Measurements - Recur

Fair Value Measurements - Recurring Basis Hierarchy Leveling (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	$ 38,876.3	$ 36,888.8
Derivative Assets	3,387.7	2,563.5
Asset, Netting	(2,338)	(1,357.1)
Derivative Assets	1,049.7	1,206.4
Derivative Liabilities	3,313	2,388.4
Liability, Netting	(1,618.4)	(1,796.3)
Derivative Liabilities	1,694.6	592.1
Interest Rate Swaps Exchange Cleared
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Asset, Netting		(1.3)
Cross Product Collateral Adjustment
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Asset, Netting	(1,136.8)	(134.5)
Liability, Netting	(417.2)	(573.7)
LEVEL 2
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	34,300	31,700
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	38,876.3	36,888.8
Trading Account	0.3	0.3
Total Available for Sale and Trading Debt Securities	38,876.6	36,889.1
Fair Value, Measurements, Recurring | Other Assets
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Asset, Netting	(2,338)	(1,357.1)
Derivative Assets	1,049.7	1,206.4
Fair Value, Measurements, Recurring | Other Assets | Foreign Exchange Contracts
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Asset, Netting	(2,334.1)	(1,308.8)
Derivative Assets	900.7	1,157.3
Fair Value, Measurements, Recurring | Other Assets | Interest Rate Contracts
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Asset, Netting	(3.9)	(47)
Derivative Assets	149	49.1
Fair Value, Measurements, Recurring | Other Assets | Interest Rate Swaps Exchange Cleared
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Asset, Netting		(1.3)
Derivative Assets		0
Fair Value, Measurements, Recurring | Other Liabilities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Liability, Netting	(1,618.4)	(1,796.3)
Derivative Liabilities	1,694.6	592.1
Fair Value, Measurements, Recurring | Other Liabilities | Foreign Exchange Contracts
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Liability, Netting	(1,548.6)	(1,751.7)
Derivative Liabilities	1,633.6	510.8
Fair Value, Measurements, Recurring | Other Liabilities | Interest Rate Contracts
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Liability, Netting	(57.3)	(43.4)
Derivative Liabilities	40.1	49.7
Fair Value, Measurements, Recurring | Other Liabilities | Interest Rate Swaps Exchange Cleared
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Liability, Netting	(12.5)	(1.2)
Derivative Liabilities	20.9	31.6
Fair Value, Measurements, Recurring | LEVEL 1
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	4,549.1	5,185.3
Trading Account	0	0
Total Available for Sale and Trading Debt Securities	4,549.1	5,185.3
Fair Value, Measurements, Recurring | LEVEL 1 | Other Assets
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative Assets	0	0
Fair Value, Measurements, Recurring | LEVEL 1 | Other Assets | Foreign Exchange Contracts
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative Assets	0	0
Fair Value, Measurements, Recurring | LEVEL 1 | Other Assets | Interest Rate Contracts
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative Assets	0	0
Fair Value, Measurements, Recurring | LEVEL 1 | Other Assets | Interest Rate Swaps Exchange Cleared
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative Assets		0
Fair Value, Measurements, Recurring | LEVEL 1 | Other Liabilities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative Liabilities	0
Derivative Liabilities		0
Fair Value, Measurements, Recurring | LEVEL 1 | Other Liabilities | Foreign Exchange Contracts
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative Liabilities	0	0
Fair Value, Measurements, Recurring | LEVEL 1 | Other Liabilities | Interest Rate Contracts
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative Liabilities	0	0
Fair Value, Measurements, Recurring | LEVEL 1 | Other Liabilities | Interest Rate Swaps Exchange Cleared
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative Liabilities	0	0
Fair Value, Measurements, Recurring | LEVEL 2
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	34,327.2	31,703.5
Trading Account	0.3	0.3
Total Available for Sale and Trading Debt Securities	34,327.5	31,703.8
Fair Value, Measurements, Recurring | LEVEL 2 | Other Assets
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative Assets	3,387.7	2,563.5
Fair Value, Measurements, Recurring | LEVEL 2 | Other Assets | Foreign Exchange Contracts
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative Assets	3,234.8	2,466.1
Fair Value, Measurements, Recurring | LEVEL 2 | Other Assets | Interest Rate Contracts
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative Assets	152.9	96.1
Fair Value, Measurements, Recurring | LEVEL 2 | Other Assets | Interest Rate Swaps Exchange Cleared
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative Assets		1.3
Fair Value, Measurements, Recurring | LEVEL 2 | Other Liabilities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative Liabilities	3,279.6
Derivative Liabilities		2,355.6
Fair Value, Measurements, Recurring | LEVEL 2 | Other Liabilities | Foreign Exchange Contracts
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative Liabilities	3,182.2	2,262.5
Fair Value, Measurements, Recurring | LEVEL 2 | Other Liabilities | Interest Rate Contracts
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative Liabilities	97.4	93.1
Fair Value, Measurements, Recurring | LEVEL 2 | Other Liabilities | Interest Rate Swaps Exchange Cleared
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative Liabilities	0	0
Fair Value, Measurements, Recurring | LEVEL 3
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	0	0
Trading Account	0	0
Total Available for Sale and Trading Debt Securities	0	0
Fair Value, Measurements, Recurring | LEVEL 3 | Other Assets
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative Assets	0	0
Fair Value, Measurements, Recurring | LEVEL 3 | Other Assets | Foreign Exchange Contracts
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative Assets	0	0
Fair Value, Measurements, Recurring | LEVEL 3 | Other Assets | Interest Rate Contracts
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative Assets	0	0
Fair Value, Measurements, Recurring | LEVEL 3 | Other Assets | Interest Rate Swaps Exchange Cleared
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative Assets		0
Fair Value, Measurements, Recurring | LEVEL 3 | Other Liabilities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative Liabilities	33.4
Derivative Liabilities		32.8
Fair Value, Measurements, Recurring | LEVEL 3 | Other Liabilities | Foreign Exchange Contracts
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative Liabilities	0	0
Fair Value, Measurements, Recurring | LEVEL 3 | Other Liabilities | Interest Rate Contracts
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative Liabilities	0	0
Fair Value, Measurements, Recurring | LEVEL 3 | Other Liabilities | Interest Rate Swaps Exchange Cleared
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative Liabilities	33.4	32.8
U.S. Government
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	4,549.1	5,185.3
U.S. Government | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	4,549.1	5,185.3
U.S. Government | Fair Value, Measurements, Recurring | LEVEL 1
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	4,549.1	5,185.3
U.S. Government | Fair Value, Measurements, Recurring | LEVEL 2
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	0	0
U.S. Government | Fair Value, Measurements, Recurring | LEVEL 3
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	0	0
Obligations of States and Political Subdivisions
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	1,615.3	655.9
Obligations of States and Political Subdivisions | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	1,615.3	655.9
Obligations of States and Political Subdivisions | Fair Value, Measurements, Recurring | LEVEL 1
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	0	0
Obligations of States and Political Subdivisions | Fair Value, Measurements, Recurring | LEVEL 2
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	1,615.3	655.9
Obligations of States and Political Subdivisions | Fair Value, Measurements, Recurring | LEVEL 3
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	0	0
Government Sponsored Agency
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	23,271.2	22,424.6
Government Sponsored Agency | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	23,271.2	22,424.6
Government Sponsored Agency | Fair Value, Measurements, Recurring | LEVEL 1
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	0	0
Government Sponsored Agency | Fair Value, Measurements, Recurring | LEVEL 2
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	23,271.2	22,424.6
Government Sponsored Agency | Fair Value, Measurements, Recurring | LEVEL 3
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	0	0
Non-U.S. Government
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	3.3	142.2
Non-U.S. Government | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	3.3	142.2
Non-U.S. Government | Fair Value, Measurements, Recurring | LEVEL 1
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	0	0
Non-U.S. Government | Fair Value, Measurements, Recurring | LEVEL 2
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	3.3	142.2
Non-U.S. Government | Fair Value, Measurements, Recurring | LEVEL 3
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	0	0
Corporate Debt
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	2,402.7	2,294.7
Corporate Debt | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	2,402.7	2,294.7
Corporate Debt | Fair Value, Measurements, Recurring | LEVEL 1
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	0	0
Corporate Debt | Fair Value, Measurements, Recurring | LEVEL 2
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	2,402.7	2,294.7
Corporate Debt | Fair Value, Measurements, Recurring | LEVEL 3
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	0	0
Covered Bonds
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	769.9	829.3
Covered Bonds | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	769.9	829.3
Covered Bonds | Fair Value, Measurements, Recurring | LEVEL 1
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	0	0
Covered Bonds | Fair Value, Measurements, Recurring | LEVEL 2
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	769.9	829.3
Covered Bonds | Fair Value, Measurements, Recurring | LEVEL 3
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	0	0
Sub-Sovereign, Supranational and Non-U.S. Agency Bonds
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	2,127.6	2,096.2
Sub-Sovereign, Supranational and Non-U.S. Agency Bonds | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	2,127.6	2,096.2
Sub-Sovereign, Supranational and Non-U.S. Agency Bonds | Fair Value, Measurements, Recurring | LEVEL 1
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	0	0
Sub-Sovereign, Supranational and Non-U.S. Agency Bonds | Fair Value, Measurements, Recurring | LEVEL 2
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	2,127.6	2,096.2
Sub-Sovereign, Supranational and Non-U.S. Agency Bonds | Fair Value, Measurements, Recurring | LEVEL 3
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	0	0
Other Asset-Backed
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	3,330.5	2,657.7
Other Asset-Backed | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	3,330.5	2,657.7
Other Asset-Backed | Fair Value, Measurements, Recurring | LEVEL 1
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	0	0
Other Asset-Backed | Fair Value, Measurements, Recurring | LEVEL 2
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	3,330.5	2,657.7
Other Asset-Backed | Fair Value, Measurements, Recurring | LEVEL 3
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	0	0
Commercial Mortgage-Backed
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	797.7	587.2
Commercial Mortgage-Backed | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	797.7	587.2
Commercial Mortgage-Backed | Fair Value, Measurements, Recurring | LEVEL 1
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	0	0
Commercial Mortgage-Backed | Fair Value, Measurements, Recurring | LEVEL 2
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	797.7	587.2
Commercial Mortgage-Backed | Fair Value, Measurements, Recurring | LEVEL 3
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	0	0
Other
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	9	15.7
Other | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	9	15.7
Other | Fair Value, Measurements, Recurring | LEVEL 1
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	0	0
Other | Fair Value, Measurements, Recurring | LEVEL 2
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	9	15.7
Other | Fair Value, Measurements, Recurring | LEVEL 3
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available for Sale	$ 0	$ 0

Fair Value Measurements - Chang

Fair Value Measurements - Changes in Level 3 Liabilities (Detail) - Visa Conversion Rate Swap - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of period	$ 32.8	$ 29.7
Total (Gains) Losses:
Included in Earnings	17.1	19.8
Purchases, Issues, Sales, and Settlements
Settlements	(16.5)	(16.7)
Balance at end of period	33.4	32.8
Unrealized (Gains) Losses Included in Earnings Related to Financial Instruments Held at December 31	$ 12.3	$ 13.3

Fair Value Measurements - Valua

Fair Value Measurements - Valuation Techniques, Significant Unobservable Inputs, Quantitative Information Non-recurring Basis (Detail) - Fair Value, Measurements, Nonrecurring - LEVEL 3 $ in Millions	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Discount to reflect realizable value | Lower Limit
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
RANGE OF DISCOUNTS APPLIED	0.150	0.150
RANGE OF DISCOUNTS APPLIED		0.150
Discount to reflect realizable value | Upper Limit
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
RANGE OF DISCOUNTS APPLIED	0.300	0.300
RANGE OF DISCOUNTS APPLIED		0.300
Loans | Discount to reflect realizable value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
FAIR VALUE	$ 8	$ 24.9
OREO
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
FAIR VALUE		$ 0.4

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value Of Financial Instruments (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
ASSETS
Cash and Due from Banks	$ 4,459.2	$ 4,581.6
Federal Reserve and Other Central Bank Deposits	33,886	30,080.2
Interest-Bearing Deposits with Banks	4,877.1	4,264.2
Federal Funds Sold and Securities Purchased under Agreements to Resell	712.8	1,165.2
Debt Securities
Available for Sale	38,876.3	36,888.8
Held to Maturity	12,284.5	14,354
Loans (excluding Leases)
Client Security Settlement Receivables	845.7	1,646.1
Deposits
Savings Certificates and Other Time	986.7	688.7
Non U.S. Offices Interest-Bearing	60,400.3	66,468
Federal Funds Purchased	552.9	2,594.2
Securities Sold Under Agreements to Repurchase	489.7	168.3
Other Borrowings	6,744.8	7,901.7
Senior Notes	2,573	2,011.3
Long-Term Debt
Floating Rate Capital Debt	277.7	277.6
DERIVATIVE INSTRUMENTS
Assets	2,844	1,999.7
Liabilities	2,312.4	1,947
Interest Rate Swaps Exchange Cleared
DERIVATIVE INSTRUMENTS
Assets		1.3
LEVEL 2
Debt Securities
Available for Sale	34,300	31,700
BOOK VALUE
ASSETS
Cash and Due from Banks	4,459.2	4,581.6
Federal Reserve and Other Central Bank Deposits	33,886	30,080.2
Interest-Bearing Deposits with Banks	4,877.1	4,264.2
Federal Funds Sold and Securities Purchased under Agreements to Resell	712.8	1,165.2
Debt Securities
Available for Sale	38,876.3	36,888.8
Held to Maturity	12,284.5	14,354
Trading Account	0.3	0.3
Loans (excluding Leases)
Held for Investment	31,239.5	32,287
Client Security Settlement Receivables	845.7	1,646.1
Other Assets
Federal Reserve and Federal Home Loan Bank Stock	301.2	300.3
Community Development Investments	749.3	606.6
Employee Benefit and Deferred Compensation	199.5	202.3
Deposits
Demand, Noninterest-Bearing, Savings, Money Market and Other Interest-Bearing	47,733.6	37,340.1
Savings Certificates and Other Time	986.7	688.7
Non U.S. Offices Interest-Bearing	60,400.3	66,468
Federal Funds Purchased	552.9	2,594.2
Securities Sold Under Agreements to Repurchase	489.7	168.3
Other Borrowings	6,744.8	7,901.7
Senior Notes	2,573	2,011.3
Long-Term Debt
Subordinated Debt	1,148.1	1,112.4
Floating Rate Capital Debt	277.7	277.6
Floating Rate Capital Debt
Standby Letters of Credit	25.5	30.8
Loan Commitments	32.3	34.3
BOOK VALUE | Asset/Liability Management | Foreign Exchange Contracts
DERIVATIVE INSTRUMENTS
Assets	83.1	306.7
Liabilities	24.1	72.5
BOOK VALUE | Asset/Liability Management | Interest Rate Swaps Exchange Cleared
DERIVATIVE INSTRUMENTS
Assets		1.3
Liabilities	33.4	32.8
BOOK VALUE | Asset/Liability Management | Interest Rate Contracts
DERIVATIVE INSTRUMENTS
Assets	20.5	30
Liabilities	21.1	24.5
BOOK VALUE | Client-Related and Trading | Foreign Exchange Contracts
DERIVATIVE INSTRUMENTS
Assets	3,151.7	2,159.4
Liabilities	3,158.1	2,190
BOOK VALUE | Client-Related and Trading | Interest Rate Contracts
DERIVATIVE INSTRUMENTS
Assets	132.4	66.1
Liabilities	76.3	68.6
Estimate of Fair Value, Fair Value Disclosure
ASSETS
Cash and Due from Banks	4,459.2	4,581.6
Federal Reserve and Other Central Bank Deposits	33,886	30,080.2
Interest-Bearing Deposits with Banks	4,877.1	4,264.2
Federal Funds Sold and Securities Purchased under Agreements to Resell	712.8	1,165.2
Debt Securities
Available for Sale	38,876.3	36,888.8
Held to Maturity	12,249.3	14,267
Trading Account	0.3	0.3
Loans (excluding Leases)
Held for Investment	31,517.8	32,339.2
Client Security Settlement Receivables	845.7	1,646.1
Other Assets
Federal Reserve and Federal Home Loan Bank Stock	301.2	300.3
Community Development Investments	749.3	606.6
Employee Benefit and Deferred Compensation	207.6	194.5
Deposits
Demand, Noninterest-Bearing, Savings, Money Market and Other Interest-Bearing	47,733.6	37,340.1
Savings Certificates and Other Time	994.2	691.8
Non U.S. Offices Interest-Bearing	60,400.3	66,468
Federal Funds Purchased	552.9	2,594.2
Securities Sold Under Agreements to Repurchase	489.7	168.3
Other Borrowings	6,745.9	7,904.1
Senior Notes	2,593	1,994.4
Long-Term Debt
Subordinated Debt	1,169.5	1,089.7
Floating Rate Capital Debt	262.1	253.5
Floating Rate Capital Debt
Standby Letters of Credit	25.5	30.8
Loan Commitments	32.3	34.3
Estimate of Fair Value, Fair Value Disclosure | Asset/Liability Management | Foreign Exchange Contracts
DERIVATIVE INSTRUMENTS
Assets	83.1	306.7
Liabilities	24.1	72.5
Estimate of Fair Value, Fair Value Disclosure | Asset/Liability Management | Interest Rate Swaps Exchange Cleared
DERIVATIVE INSTRUMENTS
Assets		1.3
Liabilities	33.4	32.8
Estimate of Fair Value, Fair Value Disclosure | Asset/Liability Management | Interest Rate Contracts
DERIVATIVE INSTRUMENTS
Assets	20.5	30
Liabilities	21.1	24.5
Estimate of Fair Value, Fair Value Disclosure | Client-Related and Trading | Foreign Exchange Contracts
DERIVATIVE INSTRUMENTS
Assets	3,151.7	2,159.4
Liabilities	3,158.1	2,190
Estimate of Fair Value, Fair Value Disclosure | Client-Related and Trading | Interest Rate Contracts
DERIVATIVE INSTRUMENTS
Assets	132.4	66.1
Liabilities	76.3	68.6
Estimate of Fair Value, Fair Value Disclosure | LEVEL 1
ASSETS
Cash and Due from Banks	4,459.2	4,581.6
Federal Reserve and Other Central Bank Deposits	0	0
Interest-Bearing Deposits with Banks	0	0
Federal Funds Sold and Securities Purchased under Agreements to Resell	0	0
Debt Securities
Available for Sale	4,549.1	5,185.3
Held to Maturity	138.8	101.6
Trading Account	0	0
Loans (excluding Leases)
Held for Investment	0	0
Client Security Settlement Receivables	0	0
Other Assets
Federal Reserve and Federal Home Loan Bank Stock	0	0
Community Development Investments	0	0
Employee Benefit and Deferred Compensation	131	125
Deposits
Demand, Noninterest-Bearing, Savings, Money Market and Other Interest-Bearing	47,733.6	37,340.1
Savings Certificates and Other Time	0	0
Non U.S. Offices Interest-Bearing	0	0
Federal Funds Purchased	0	0
Securities Sold Under Agreements to Repurchase	0	0
Other Borrowings	0	0
Senior Notes	0	0
Long-Term Debt
Subordinated Debt	0	0
Floating Rate Capital Debt	0	0
Floating Rate Capital Debt
Standby Letters of Credit	0	0
Loan Commitments	0	0
Estimate of Fair Value, Fair Value Disclosure | LEVEL 1 | Asset/Liability Management | Foreign Exchange Contracts
DERIVATIVE INSTRUMENTS
Assets	0	0
Liabilities	0	0
Estimate of Fair Value, Fair Value Disclosure | LEVEL 1 | Asset/Liability Management | Interest Rate Swaps Exchange Cleared
DERIVATIVE INSTRUMENTS
Assets		0
Liabilities	0	0
Estimate of Fair Value, Fair Value Disclosure | LEVEL 1 | Asset/Liability Management | Interest Rate Contracts
DERIVATIVE INSTRUMENTS
Assets	0	0
Liabilities	0	0
Estimate of Fair Value, Fair Value Disclosure | LEVEL 1 | Client-Related and Trading | Foreign Exchange Contracts
DERIVATIVE INSTRUMENTS
Assets	0	0
Liabilities	0	0
Estimate of Fair Value, Fair Value Disclosure | LEVEL 1 | Client-Related and Trading | Interest Rate Contracts
DERIVATIVE INSTRUMENTS
Assets	0	0
Liabilities	0	0
Estimate of Fair Value, Fair Value Disclosure | LEVEL 2
ASSETS
Cash and Due from Banks	0	0
Federal Reserve and Other Central Bank Deposits	33,886	30,080.2
Interest-Bearing Deposits with Banks	4,877.1	4,264.2
Federal Funds Sold and Securities Purchased under Agreements to Resell	712.8	1,165.2
Debt Securities
Available for Sale	34,327.2	31,703.5
Held to Maturity	12,110.5	14,165.4
Trading Account	0.3	0.3
Loans (excluding Leases)
Held for Investment	0	0
Client Security Settlement Receivables	845.7	1,646.1
Other Assets
Federal Reserve and Federal Home Loan Bank Stock	301.2	300.3
Community Development Investments	749.3	606.6
Employee Benefit and Deferred Compensation	76.6	69.5
Deposits
Demand, Noninterest-Bearing, Savings, Money Market and Other Interest-Bearing	0	0
Savings Certificates and Other Time	994.2	691.8
Non U.S. Offices Interest-Bearing	60,400.3	66,468
Federal Funds Purchased	552.9	2,594.2
Securities Sold Under Agreements to Repurchase	489.7	168.3
Other Borrowings	6,745.9	7,904.1
Senior Notes	2,593	1,994.4
Long-Term Debt
Subordinated Debt	1,169.5	1,089.7
Floating Rate Capital Debt	262.1	253.5
Floating Rate Capital Debt
Standby Letters of Credit	0	0
Loan Commitments	0	0
Estimate of Fair Value, Fair Value Disclosure | LEVEL 2 | Asset/Liability Management | Foreign Exchange Contracts
DERIVATIVE INSTRUMENTS
Assets	83.1	306.7
Liabilities	24.1	72.5
Estimate of Fair Value, Fair Value Disclosure | LEVEL 2 | Asset/Liability Management | Interest Rate Swaps Exchange Cleared
DERIVATIVE INSTRUMENTS
Assets		1.3
Liabilities	0	0
Estimate of Fair Value, Fair Value Disclosure | LEVEL 2 | Asset/Liability Management | Interest Rate Contracts
DERIVATIVE INSTRUMENTS
Assets	20.5	30
Liabilities	21.1	24.5
Estimate of Fair Value, Fair Value Disclosure | LEVEL 2 | Client-Related and Trading | Foreign Exchange Contracts
DERIVATIVE INSTRUMENTS
Assets	3,151.7	2,159.4
Liabilities	3,158.1	2,190
Estimate of Fair Value, Fair Value Disclosure | LEVEL 2 | Client-Related and Trading | Interest Rate Contracts
DERIVATIVE INSTRUMENTS
Assets	132.4	66.1
Liabilities	76.3	68.6
Estimate of Fair Value, Fair Value Disclosure | LEVEL 3
ASSETS
Cash and Due from Banks	0	0
Federal Reserve and Other Central Bank Deposits	0	0
Interest-Bearing Deposits with Banks	0	0
Federal Funds Sold and Securities Purchased under Agreements to Resell	0	0
Debt Securities
Available for Sale	0	0
Held to Maturity	0	0
Trading Account	0	0
Loans (excluding Leases)
Held for Investment	31,517.8	32,339.2
Client Security Settlement Receivables	0	0
Other Assets
Federal Reserve and Federal Home Loan Bank Stock	0	0
Community Development Investments	0	0
Employee Benefit and Deferred Compensation	0	0
Deposits
Demand, Noninterest-Bearing, Savings, Money Market and Other Interest-Bearing	0	0
Savings Certificates and Other Time	0	0
Non U.S. Offices Interest-Bearing	0	0
Federal Funds Purchased	0	0
Securities Sold Under Agreements to Repurchase	0	0
Other Borrowings	0	0
Senior Notes	0	0
Long-Term Debt
Subordinated Debt	0	0
Floating Rate Capital Debt	0	0
Floating Rate Capital Debt
Standby Letters of Credit	25.5	30.8
Loan Commitments	32.3	34.3
Estimate of Fair Value, Fair Value Disclosure | LEVEL 3 | Asset/Liability Management | Foreign Exchange Contracts
DERIVATIVE INSTRUMENTS
Assets	0	0
Liabilities	0	0
Estimate of Fair Value, Fair Value Disclosure | LEVEL 3 | Asset/Liability Management | Interest Rate Swaps Exchange Cleared
DERIVATIVE INSTRUMENTS
Assets		0
Liabilities	33.4	32.8
Estimate of Fair Value, Fair Value Disclosure | LEVEL 3 | Asset/Liability Management | Interest Rate Contracts
DERIVATIVE INSTRUMENTS
Assets	0	0
Liabilities	0	0
Estimate of Fair Value, Fair Value Disclosure | LEVEL 3 | Client-Related and Trading | Foreign Exchange Contracts
DERIVATIVE INSTRUMENTS
Assets	0	0
Liabilities	0	0
Estimate of Fair Value, Fair Value Disclosure | LEVEL 3 | Client-Related and Trading | Interest Rate Contracts
DERIVATIVE INSTRUMENTS
Assets	0	0
Liabilities	$ 0	$ 0

Securities - Reconciliation of

Securities - Reconciliation of Amortized Cost to Fair Value of Securities Available for Sale (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Investment Holdings [Line Items]
AMORTIZED COST	$ 38,722.2	$ 37,041.8
GROSS UNREALIZED GAINS	262.7	98.4
GROSS UNREALIZED LOSSES	108.6	251.4
FAIR VALUE	38,876.3	36,888.8
U.S. Government
Investment Holdings [Line Items]
AMORTIZED COST	4,527.5	5,203.1
GROSS UNREALIZED GAINS	26.7	21.8
GROSS UNREALIZED LOSSES	5.1	39.6
FAIR VALUE	4,549.1	5,185.3
Obligations of States and Political Subdivisions
Investment Holdings [Line Items]
AMORTIZED COST	1,604	657.6
GROSS UNREALIZED GAINS	24.6	2
GROSS UNREALIZED LOSSES	13.3	3.7
FAIR VALUE	1,615.3	655.9
Government Sponsored Agency
Investment Holdings [Line Items]
AMORTIZED COST	23,247.5	22,522.7
GROSS UNREALIZED GAINS	101.8	52.4
GROSS UNREALIZED LOSSES	78.1	150.5
FAIR VALUE	23,271.2	22,424.6
Non-U.S. Government
Investment Holdings [Line Items]
AMORTIZED COST	3.3	143.3
GROSS UNREALIZED GAINS	0	0
GROSS UNREALIZED LOSSES	0	1.1
FAIR VALUE	3.3	142.2
Corporate Debt
Investment Holdings [Line Items]
AMORTIZED COST	2,378.9	2,312.6
GROSS UNREALIZED GAINS	27.8	3.2
GROSS UNREALIZED LOSSES	4	21.1
FAIR VALUE	2,402.7	2,294.7
Covered Bonds
Investment Holdings [Line Items]
AMORTIZED COST	766.3	832.7
GROSS UNREALIZED GAINS	4.4	1.4
GROSS UNREALIZED LOSSES	0.8	4.8
FAIR VALUE	769.9	829.3
Sub-Sovereign, Supranational and Non-U.S. Agency Bonds
Investment Holdings [Line Items]
AMORTIZED COST	2,091.3	2,087.8
GROSS UNREALIZED GAINS	37.4	11.9
GROSS UNREALIZED LOSSES	1.1	3.5
FAIR VALUE	2,127.6	2,096.2
Other Asset-Backed
Investment Holdings [Line Items]
AMORTIZED COST	3,324.5	2,678.9
GROSS UNREALIZED GAINS	11.3	1.7
GROSS UNREALIZED LOSSES	5.3	22.9
FAIR VALUE	3,330.5	2,657.7
Commercial Mortgage-Backed
Investment Holdings [Line Items]
AMORTIZED COST	769.9	587.4
GROSS UNREALIZED GAINS	28.7	4
GROSS UNREALIZED LOSSES	0.9	4.2
FAIR VALUE	797.7	587.2
Other
Investment Holdings [Line Items]
AMORTIZED COST	9	15.7
GROSS UNREALIZED GAINS	0	0
GROSS UNREALIZED LOSSES	0	0
FAIR VALUE	$ 9	$ 15.7

Securities - Remaining Maturity

Securities - Remaining Maturity of Securities Available for Sale (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Available for Sale - Fair Value
U.S. Government	$ 8,882.1
Obligations of States and Political Subdivisions	18,311.7
Government Sponsored Agency	9,005.2
Non-U.S. Government	2,677.3
Total	38,876.3	$ 36,888.8
Available for Sale - Amortized Cost
U.S. Government	8,870.5
Obligations of States and Political Subdivisions	18,195.7
Government Sponsored Agency	8,977.4
Non-U.S. Government	2,678.6
AMORTIZED COST	38,722.2	37,041.8
U.S. Government
Available for Sale - Fair Value
U.S. Government	1,898.4
Obligations of States and Political Subdivisions	2,098.3
Government Sponsored Agency	552.4
Non-U.S. Government	0
Total	4,549.1	5,185.3
Available for Sale - Amortized Cost
U.S. Government	1,899
Obligations of States and Political Subdivisions	2,075.9
Government Sponsored Agency	552.6
Non-U.S. Government	0
AMORTIZED COST	4,527.5	5,203.1
Obligations of States and Political Subdivisions
Available for Sale - Fair Value
U.S. Government	80.1
Obligations of States and Political Subdivisions	85.4
Government Sponsored Agency	1,449.8
Non-U.S. Government	0
Total	1,615.3	655.9
Available for Sale - Amortized Cost
U.S. Government	80
Obligations of States and Political Subdivisions	83
Government Sponsored Agency	1,441
Non-U.S. Government	0
AMORTIZED COST	1,604	657.6
Government Sponsored Agency
Available for Sale - Fair Value
U.S. Government	5,005
Obligations of States and Political Subdivisions	9,728.8
Government Sponsored Agency	5,869.4
Non-U.S. Government	2,668
Total	23,271.2	22,424.6
Available for Sale - Amortized Cost
U.S. Government	4,994.1
Obligations of States and Political Subdivisions	9,714.1
Government Sponsored Agency	5,870
Non-U.S. Government	2,669.3
AMORTIZED COST	23,247.5	22,522.7
Non-U.S. Government
Available for Sale - Fair Value
U.S. Government	0
Obligations of States and Political Subdivisions	3.3
Government Sponsored Agency	0
Non-U.S. Government	0
Total	3.3	142.2
Available for Sale - Amortized Cost
U.S. Government	0
Obligations of States and Political Subdivisions	3.3
Government Sponsored Agency	0
Non-U.S. Government	0
AMORTIZED COST	3.3	143.3
Corporate Debt
Available for Sale - Fair Value
U.S. Government	341.7
Obligations of States and Political Subdivisions	2,005.5
Government Sponsored Agency	55.5
Non-U.S. Government	0
Total	2,402.7	2,294.7
Available for Sale - Amortized Cost
U.S. Government	341.8
Obligations of States and Political Subdivisions	1,981.5
Government Sponsored Agency	55.6
Non-U.S. Government	0
AMORTIZED COST	2,378.9	2,312.6
Covered Bonds
Available for Sale - Fair Value
U.S. Government	281.6
Obligations of States and Political Subdivisions	488.3
Government Sponsored Agency	0
Non-U.S. Government	0
Total	769.9	829.3
Available for Sale - Amortized Cost
U.S. Government	281
Obligations of States and Political Subdivisions	485.3
Government Sponsored Agency	0
Non-U.S. Government	0
AMORTIZED COST	766.3	832.7
Certificates of Deposit
Available for Sale - Fair Value
U.S. Government	334.6
Obligations of States and Political Subdivisions	1,743.1
Government Sponsored Agency	49.9
Non-U.S. Government	0
Total	2,127.6
Available for Sale - Amortized Cost
U.S. Government	333.9
Obligations of States and Political Subdivisions	1,707.4
Government Sponsored Agency	50
Non-U.S. Government	0
AMORTIZED COST	2,091.3
Other Asset-Backed
Available for Sale - Fair Value
U.S. Government	885.3
Obligations of States and Political Subdivisions	1,984.8
Government Sponsored Agency	451.1
Non-U.S. Government	9.3
Total	3,330.5	2,657.7
Available for Sale - Amortized Cost
U.S. Government	885.1
Obligations of States and Political Subdivisions	1,977.3
Government Sponsored Agency	452.8
Non-U.S. Government	9.3
AMORTIZED COST	3,324.5	2,678.9
Sub-Sovereign, Supranational and Non-U.S. Agency Bonds
Available for Sale - Fair Value
Total	2,127.6	2,096.2
Available for Sale - Amortized Cost
AMORTIZED COST	2,091.3	2,087.8
Commercial Mortgage-Backed
Available for Sale - Fair Value
U.S. Government	46.4
Obligations of States and Political Subdivisions	174.2
Government Sponsored Agency	577.1
Non-U.S. Government	0
Total	797.7	587.2
Available for Sale - Amortized Cost
U.S. Government	46.6
Obligations of States and Political Subdivisions	167.9
Government Sponsored Agency	555.4
Non-U.S. Government	0
AMORTIZED COST	769.9	587.4
Other
Available for Sale - Fair Value
U.S. Government	9
Obligations of States and Political Subdivisions	0
Government Sponsored Agency	0
Non-U.S. Government	0
Total	9	15.7
Available for Sale - Amortized Cost
U.S. Government	9
Obligations of States and Political Subdivisions	0
Government Sponsored Agency	0
Non-U.S. Government	0
AMORTIZED COST	$ 9	$ 15.7

Securities - Reconciliation o_2

Securities - Reconciliation of Amortized Cost to Fair Values of Securities Held to Maturity (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Schedule of Held-to-maturity Securities [Line Items]
AMORTIZED COST	$ 12,284.5	$ 14,354
GROSS UNREALIZED GAINS	45.7	18.7
GROSS UNREALIZED LOSSES	80.9	105.7
FAIR VALUE	12,249.3	14,267
U.S. Government
Schedule of Held-to-maturity Securities [Line Items]
AMORTIZED COST	138.8	101.6
GROSS UNREALIZED GAINS	0	0
GROSS UNREALIZED LOSSES	0	0
FAIR VALUE	138.8	101.6
Obligations of States and Political Subdivisions
Schedule of Held-to-maturity Securities [Line Items]
AMORTIZED COST	10.1	18.9
GROSS UNREALIZED GAINS	0.2	0.6
GROSS UNREALIZED LOSSES	0	0
FAIR VALUE	10.3	19.5
Government Sponsored Agency
Schedule of Held-to-maturity Securities [Line Items]
AMORTIZED COST	4.1	4.5
GROSS UNREALIZED GAINS	0.2	0.2
GROSS UNREALIZED LOSSES	0	0
FAIR VALUE	4.3	4.7
Non-U.S. Government
Schedule of Held-to-maturity Securities [Line Items]
AMORTIZED COST	4,076	6,488.2
GROSS UNREALIZED GAINS	5.3	2.1
GROSS UNREALIZED LOSSES	2.5	8.7
FAIR VALUE	4,078.8	6,481.6
Corporate Debt
Schedule of Held-to-maturity Securities [Line Items]
AMORTIZED COST	405.1	472.9
GROSS UNREALIZED GAINS	1.4	0.4
GROSS UNREALIZED LOSSES	0.3	1.8
FAIR VALUE	406.2	471.5
Covered Bonds
Schedule of Held-to-maturity Securities [Line Items]
AMORTIZED COST	3,006.7	2,877.6
GROSS UNREALIZED GAINS	16.1	9.6
GROSS UNREALIZED LOSSES	2.4	9.3
FAIR VALUE	3,020.4	2,877.9
Certificates of Deposit
Schedule of Held-to-maturity Securities [Line Items]
AMORTIZED COST	262.9	45.1
GROSS UNREALIZED GAINS	0	0
GROSS UNREALIZED LOSSES	0	0
FAIR VALUE	262.9	45.1
Sub-Sovereign, Supranational and Non-U.S. Agency Bonds
Schedule of Held-to-maturity Securities [Line Items]
AMORTIZED COST	3,285.4	2,966.8
GROSS UNREALIZED GAINS	21.7	5.8
GROSS UNREALIZED LOSSES	2.1	12.3
FAIR VALUE	3,305	2,960.3
Other Asset-Backed
Schedule of Held-to-maturity Securities [Line Items]
AMORTIZED COST	804.3	1,146.4
GROSS UNREALIZED GAINS	0.7	0
GROSS UNREALIZED LOSSES	0.3	4
FAIR VALUE	804.7	1,142.4
Other
Schedule of Held-to-maturity Securities [Line Items]
AMORTIZED COST	291.1	232
GROSS UNREALIZED GAINS	0.1	0
GROSS UNREALIZED LOSSES	73.3	69.6
FAIR VALUE	$ 217.9	$ 162.4

Securities - Remaining Maturi_2

Securities - Remaining Maturity of Securities Held to Maturity (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Held to Maturity - Amortized Cost
U.S. Government	$ 4,554.3
Obligations of States and Political Subdivisions	7,309.7
Corporate Debt	317.3
Covered Bonds	103.2
AMORTIZED COST	12,284.5	$ 14,354
Held to Maturity - Fair Value
U.S. Government	4,556.4
Obligations of States and Political Subdivisions	7,333.1
Corporate Debt	310.7
Covered Bonds	49.1
FAIR VALUE	12,249.3	14,267
U.S. Government
Held to Maturity - Amortized Cost
U.S. Government	138.8
Obligations of States and Political Subdivisions	0
Corporate Debt	0
Covered Bonds	0
AMORTIZED COST	138.8	101.6
Held to Maturity - Fair Value
U.S. Government	138.8
Obligations of States and Political Subdivisions	0
Corporate Debt	0
Covered Bonds	0
FAIR VALUE	138.8	101.6
Obligations of States and Political Subdivisions
Held to Maturity - Amortized Cost
U.S. Government	8.1
Obligations of States and Political Subdivisions	2
Corporate Debt	0
Covered Bonds	0
AMORTIZED COST	10.1	18.9
Held to Maturity - Fair Value
U.S. Government	8.2
Obligations of States and Political Subdivisions	2.1
Corporate Debt	0
Covered Bonds	0
FAIR VALUE	10.3	19.5
Government Sponsored Agency
Held to Maturity - Amortized Cost
U.S. Government	0.6
Obligations of States and Political Subdivisions	1.7
Corporate Debt	1.2
Covered Bonds	0.6
AMORTIZED COST	4.1	4.5
Held to Maturity - Fair Value
U.S. Government	0.6
Obligations of States and Political Subdivisions	1.8
Corporate Debt	1.2
Covered Bonds	0.7
FAIR VALUE	4.3	4.7
Non-U.S. Government
Held to Maturity - Amortized Cost
U.S. Government	2,757.9
Obligations of States and Political Subdivisions	1,318.1
Corporate Debt	0
Covered Bonds	0
AMORTIZED COST	4,076	6,488.2
Held to Maturity - Fair Value
U.S. Government	2,757.8
Obligations of States and Political Subdivisions	1,321
Corporate Debt	0
Covered Bonds	0
FAIR VALUE	4,078.8	6,481.6
Corporate Debt
Held to Maturity - Amortized Cost
U.S. Government	45.9
Obligations of States and Political Subdivisions	359.2
Corporate Debt	0
Covered Bonds	0
AMORTIZED COST	405.1	472.9
Held to Maturity - Fair Value
U.S. Government	46.2
Obligations of States and Political Subdivisions	360
Corporate Debt	0
Covered Bonds	0
FAIR VALUE	406.2	471.5
Covered Bonds
Held to Maturity - Amortized Cost
U.S. Government	599.8
Obligations of States and Political Subdivisions	2,406.9
Corporate Debt	0
Covered Bonds	0
AMORTIZED COST	3,006.7	2,877.6
Held to Maturity - Fair Value
U.S. Government	601.6
Obligations of States and Political Subdivisions	2,418.8
Corporate Debt	0
Covered Bonds	0
FAIR VALUE	3,020.4	2,877.9
Certificates of Deposit
Held to Maturity - Amortized Cost
U.S. Government	262.9
Obligations of States and Political Subdivisions	0
Corporate Debt	0
Covered Bonds	0
AMORTIZED COST	262.9	45.1
Held to Maturity - Fair Value
U.S. Government	262.9
Obligations of States and Political Subdivisions	0
Corporate Debt	0
Covered Bonds	0
FAIR VALUE	262.9	45.1
Sub-Sovereign, Supranational and Non-U.S. Agency Bonds
Held to Maturity - Amortized Cost
U.S. Government	577.8
Obligations of States and Political Subdivisions	2,691.5
Corporate Debt	16.1
Covered Bonds	0
AMORTIZED COST	3,285.4	2,966.8
Held to Maturity - Fair Value
U.S. Government	577.8
Obligations of States and Political Subdivisions	2,711.4
Corporate Debt	15.8
Covered Bonds	0
FAIR VALUE	3,305	2,960.3
Other Asset-Backed
Held to Maturity - Amortized Cost
U.S. Government	151.9
Obligations of States and Political Subdivisions	398.3
Corporate Debt	254.1
Covered Bonds	0
AMORTIZED COST	804.3	1,146.4
Held to Maturity - Fair Value
U.S. Government	152
Obligations of States and Political Subdivisions	398.7
Corporate Debt	254
Covered Bonds	0
FAIR VALUE	804.7	1,142.4
Other
Held to Maturity - Amortized Cost
U.S. Government	10.6
Obligations of States and Political Subdivisions	132
Corporate Debt	45.9
Covered Bonds	102.6
AMORTIZED COST	291.1	232
Held to Maturity - Fair Value
U.S. Government	10.5
Obligations of States and Political Subdivisions	119.3
Corporate Debt	39.7
Covered Bonds	48.4
FAIR VALUE	$ 217.9	$ 162.4

Securities - Narrative (Detail)

Securities - Narrative (Detail) $ in Millions	3 Months Ended		12 Months Ended
	Dec. 31, 2019USD ($)Investment	Dec. 31, 2018USD ($)	Dec. 31, 2019USD ($)Investment	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Debt and Equity Securities, FV-NI [Line Items]
Transferred from available for sale to held to maturity	$ 160.8	$ 287.9
Gross proceeds from sale of securities			$ 1,200	$ 307.3	$ 2,200
Number of securities in an unrealized loss position | Investment	1,289		1,289
Total fair value	$ 24,100		$ 24,100
Total unrealized losses	189.5		189.5
Debt securities, available-for-sale, unrealized loss position, accumulated loss	189.5	357.1	189.5	357.1
Government Sponsored Agency
Debt and Equity Securities, FV-NI [Line Items]
Total unrealized losses	78.1		78.1
Debt securities, available-for-sale, unrealized loss position, accumulated loss	78.1	150.5	78.1	150.5
Other
Debt and Equity Securities, FV-NI [Line Items]
Total unrealized losses	73.3		73.3
Debt securities, available-for-sale, unrealized loss position, accumulated loss	73.3	69.6	73.3	69.6
Corporate Debt
Debt and Equity Securities, FV-NI [Line Items]
Debt securities, available-for-sale, unrealized loss position, accumulated loss	$ 4.3	$ 22.9	$ 4.3	$ 22.9

Securities - Investment Securit

Securities - Investment Security Gains and Losses (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Investments, Debt and Equity Securities [Abstract]
Gross Realized Investment Gains	$ 2.4	$ 1.5	$ 0.2
Gross Realized Investment Losses	(3.5)	(2)	(1.6)
Other Than Temporary Impairment Losses	0.3	0.5	0.2
Investment Security Gains (Losses), net	$ (1.4)	$ (1)	$ (1.6)

Securities - Securities With Un

Securities - Securities With Unrealized Losses (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Fair Value
Less Than 12 Months, Fair Value	$ 13,362.9	$ 18,648.8
12 Months or Longer, Fair Value	10,754.4	15,563.4
Total, Fair Value	24,117.3	34,212.2
Unrealized Losses
Less Than 12 Months, Unrealized Losses	91.2	83.9
12 Months or Longer, Unrealized Losses	98.3	273.2
Total, Unrealized Losses	189.5	357.1
U.S. Government
Fair Value
Less Than 12 Months, Fair Value	252.2	0
12 Months or Longer, Fair Value	899.8	2,862
Total, Fair Value	1,152	2,862
Unrealized Losses
Less Than 12 Months, Unrealized Losses	2.7	0
12 Months or Longer, Unrealized Losses	2.4	39.6
Total, Unrealized Losses	5.1	39.6
Obligations of States and Political Subdivisions
Fair Value
Less Than 12 Months, Fair Value	902.5	169.6
12 Months or Longer, Fair Value	0	279.6
Total, Fair Value	902.5	449.2
Unrealized Losses
Less Than 12 Months, Unrealized Losses	13.3	2.4
12 Months or Longer, Unrealized Losses	0	1.3
Total, Unrealized Losses	13.3	3.7
Government Sponsored Agency
Fair Value
Less Than 12 Months, Fair Value	5,405	8,368.8
12 Months or Longer, Fair Value	7,818.4	6,822.4
Total, Fair Value	13,223.4	15,191.2
Unrealized Losses
Less Than 12 Months, Unrealized Losses	35.6	33.5
12 Months or Longer, Unrealized Losses	42.5	117
Total, Unrealized Losses	78.1	150.5
Non-U.S. Government
Fair Value
Less Than 12 Months, Fair Value	3,620.2	5,065.2
12 Months or Longer, Fair Value	0	1,274
Total, Fair Value	3,620.2	6,339.2
Unrealized Losses
Less Than 12 Months, Unrealized Losses	2.5	0.8
12 Months or Longer, Unrealized Losses	0	9
Total, Unrealized Losses	2.5	9.8
Corporate Debt
Fair Value
Less Than 12 Months, Fair Value	410.4	712.7
12 Months or Longer, Fair Value	492.8	1,097.4
Total, Fair Value	903.2	1,810.1
Unrealized Losses
Less Than 12 Months, Unrealized Losses	1.3	4.1
12 Months or Longer, Unrealized Losses	3	18.8
Total, Unrealized Losses	4.3	22.9
Covered Bonds
Fair Value
Less Than 12 Months, Fair Value	646.8	646.4
12 Months or Longer, Fair Value	0	696.9
Total, Fair Value	646.8	1,343.3
Unrealized Losses
Less Than 12 Months, Unrealized Losses	3.2	3.7
12 Months or Longer, Unrealized Losses	0	10.4
Total, Unrealized Losses	3.2	14.1
Sub-Sovereign, Supranational and Non-U.S. Agency Bonds
Fair Value
Less Than 12 Months, Fair Value	1,302	1,105
12 Months or Longer, Fair Value	155.2	1,189.2
Total, Fair Value	1,457.2	2,294.2
Unrealized Losses
Less Than 12 Months, Unrealized Losses	3.1	4.6
12 Months or Longer, Unrealized Losses	0.1	11.2
Total, Unrealized Losses	3.2	15.8
Other Asset-Backed
Fair Value
Less Than 12 Months, Fair Value	706.9	2,507.8
12 Months or Longer, Fair Value	1,164.9	954.9
Total, Fair Value	1,871.8	3,462.7
Unrealized Losses
Less Than 12 Months, Unrealized Losses	2.1	15.9
12 Months or Longer, Unrealized Losses	3.5	11
Total, Unrealized Losses	5.6	26.9
Commercial Mortgage-Backed
Fair Value
Less Than 12 Months, Fair Value	62.8	22.8
12 Months or Longer, Fair Value	59.3	274.4
Total, Fair Value	122.1	297.2
Unrealized Losses
Less Than 12 Months, Unrealized Losses	0.7	0.1
12 Months or Longer, Unrealized Losses	0.2	4.1
Total, Unrealized Losses	0.9	4.2
Other
Fair Value
Less Than 12 Months, Fair Value	54.1	50.5
12 Months or Longer, Fair Value	164	112.6
Total, Fair Value	218.1	163.1
Unrealized Losses
Less Than 12 Months, Unrealized Losses	26.7	18.8
12 Months or Longer, Unrealized Losses	46.6	50.8
Total, Unrealized Losses	$ 73.3	$ 69.6

Securities - Net Impairment Los

Securities - Net Impairment Losses Recognized In Earnings (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward]
Changes in Other-Than-Temporary Impairment Losses	$ (0.3)	$ (0.5)	$ (0.2)
Noncredit-related Losses Recorded in / (Reclassified from) OCI	0	0	0
Net Impairment Losses Recognized in Earnings	$ (0.3)	$ (0.5)	$ (0.2)

Securities - Cumulative Credit-

Securities - Cumulative Credit-Related Losses On Securities Held (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward]
Cumulative Credit-Related Losses on Debt Securities Held – Beginning of Year	$ 4.1	$ 3.6	$ 3.4
Plus: Losses on Newly Identified Impairments	0.2	0.4	0.1
Additional Losses on Previously Identified Impairments	0.1	0.1	0.1
Less: Current and Prior Period Losses on Debt Securities Sold or Matured During the Year	0	0	0
Cumulative Credit-Related Losses on Debt Securities Held – End of Year	$ 4.4	$ 4.1	$ 3.6

Securities Purchased Under Ag_3

Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase - Securities Purchased under Agreements to Resell (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Balance at December 31	$ 707.8	$ 1,031.2
Average Balance During the Year	$ 835	$ 1,478.3
Average Interest Rate Earned During the Year	2.10%	2.22%
Maximum Month-End Balance During the Year	$ 1,290	$ 1,942

Securities Purchased Under Ag_4

Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase - Securities Sold under Agreements to Repurchase (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Balance at December 31	$ 489.7	$ 168.3
Average Balance During the Year	$ 339	$ 525.2
Average Interest Rate Paid During the Year	1.89%	1.48%
Maximum Month-End Balance During the Year	$ 489.7	$ 981.3

Securities Purchased Under Ag_5

Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase - Repurchase Agreements Accounted for as Secured Borrowings (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Gross Amount of Recognized Liabilities for Repurchase Agreements in Note 28	$ 693.9	$ 150.7
Maturity overnight and continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total borrowings, repurchase agreements	489.7	168.3
Gross Amount of Recognized Liabilities for Repurchase Agreements in Note 28	489.7	168.3
Amounts related to agreements not included in Note 28	0	0
Maturity overnight and continuous | U.S. Treasury and Agency Securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total borrowings, repurchase agreements	$ 489.7	$ 168.3

Loans and Leases - Loans and Le

Loans and Leases - Loans and Leases (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans and Leases	$ 31,409.6	$ 32,490
Allowance for Credit Losses Assigned to Loans and Leases	(104.5)	(112.6)	$ (131.2)
Net Loans and Leases	31,305.1	32,377.4
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans and Leases	14,274.2	15,175.2
Commercial | Commercial and Institutional
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans and Leases	8,915.6	8,728.1
Commercial | Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans and Leases	3,378	3,228.8
Commercial | Non-U.S.
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans and Leases	1,751	2,701.6
Commercial | Lease Financing, net
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans and Leases	65.6	90.7
Commercial | Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans and Leases	164	426
Personal
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans and Leases	17,135.4	17,314.8
Personal | Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans and Leases	5,999.6	6,514
Personal | Private Client
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans and Leases	11,068.7	10,733.3
Personal | Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans and Leases	$ 67.1	$ 67.5

Loans and Leases - Narrative (D

Loans and Leases - Narrative (Detail)	12 Months Ended			13 Months Ended
	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)Loan	Dec. 31, 2017USD ($)	Jun. 30, 2019USD ($)Loan	Mar. 31, 2018USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Lower limit of generally required loan to collateral value for residential real estate loans	65.00%
Upper limit of generally required loan to collateral value for residential real estate loans	80.00%
Draw period for credit line products	10 years
Other U.S. loans and non-U.S. loans, short duration advances	$ 1,100,000,000	$ 2,200,000,000
Demand deposits	90,400,000	152,500,000
Interest income that would have been recorded for nonperforming loans	7,300,000	8,000,000	$ 9,100,000
Undrawn loan commitments and standby letters of credit	9,100,000	12,600,000
Loans and leases receivable, net of deferred income	31,409,600,000	32,490,000,000
Financing receivable, troubled debt restructuring	6,100,000		$ 2,100,000	$ 5,800,000	$ 2,400,000
Consumer loans collateralized by residential properties in foreclosure	18,100,000	10,900,000
Equity
Accounts, Notes, Loans and Financing Receivable [Line Items]
Equity credit lines	$ 448,500,000	$ 655,500,000
Loans held by Northern trust	97.00%	95.00%
Performing Financing Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, net of deferred income	$ 31,326,000,000	$ 32,380,700,000
Nonperforming Financing Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, net of deferred income	83,600,000	109,300,000
Other real estate, foreclosed assets, and repossessed assets	3,200,000	8,400,000
Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for sale	0	0
Leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for sale	53,600,000	0
Performing Financing Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, net of deferred income	27,700,000	35,200,000
Nonperforming Financing Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, net of deferred income	$ 54,900,000	$ 64,600,000
Redefaulted | Residential Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans or leases modified in trouble debt restructuring | Loan		4		5

Loans and Leases - Direct Finan

Loans and Leases - Direct Finance and Leveraged Leases (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Direct Finance Leases
Lease Receivable	$ 1.5	$ 9.8
Residual Value	21.3	23.8
Initial Direct Costs	0.2
Initial Direct Costs		0.3
Unearned Income	0	0
Investment in Direct Finance Leases	23	33.9
Leveraged Leases
Net Rental Receivable	19.1	33.9
Residual Value	33.1	33.3
Unearned Income	(9.6)	(10.4)
Investment in Leveraged Leases	42.6	56.8
Lease Financing, net	$ 65.6	$ 90.7

Loans and Leases - Future Minim

Loans and Leases - Future Minimum Lease Payments (Detail) $ in Millions	Dec. 31, 2019USD ($)
Receivables [Abstract]
2020	$ 3.7
2021	2.1
2022	0
2023	0
2024	$ 0

Loans and Leases - Borrower Rat

Loans and Leases - Borrower Ratings (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	$ 31,409.6	$ 32,490
1 TO 3 CATEGORY
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	15,979.6	17,692.2
4 TO 5 CATEGORY
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	14,936.9	14,403.2
6 TO 9 CATEGORY (WATCH LIST)
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	493.1	394.6
Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	14,274.2	15,175.2
Commercial | 1 TO 3 CATEGORY
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	7,857.7	8,593.9
Commercial | 4 TO 5 CATEGORY
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	6,139.9	6,462.4
Commercial | 6 TO 9 CATEGORY (WATCH LIST)
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	276.6	118.9
Commercial | Commercial and Institutional
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	8,915.6	8,728.1
Commercial | Commercial and Institutional | 1 TO 3 CATEGORY
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	5,890.8	5,477.4
Commercial | Commercial and Institutional | 4 TO 5 CATEGORY
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	2,912.9	3,159.8
Commercial | Commercial and Institutional | 6 TO 9 CATEGORY (WATCH LIST)
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	111.9	90.9
Commercial | Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	3,378	3,228.8
Commercial | Real Estate | 1 TO 3 CATEGORY
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	1,126.8	1,209.6
Commercial | Real Estate | 4 TO 5 CATEGORY
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	2,237.3	1,992.2
Commercial | Real Estate | 6 TO 9 CATEGORY (WATCH LIST)
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	13.9	27
Commercial | Non-U.S.
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	1,751	2,701.6
Commercial | Non-U.S. | 1 TO 3 CATEGORY
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	717	1,625.3
Commercial | Non-U.S. | 4 TO 5 CATEGORY
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	883.2	1,075.3
Commercial | Non-U.S. | 6 TO 9 CATEGORY (WATCH LIST)
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	150.8	1
Commercial | Lease Financing, net
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	65.6	90.7
Commercial | Lease Financing, net | 1 TO 3 CATEGORY
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	53.6	78.3
Commercial | Lease Financing, net | 4 TO 5 CATEGORY
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	12	12.4
Commercial | Lease Financing, net | 6 TO 9 CATEGORY (WATCH LIST)
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	0	0
Commercial | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	164	426
Commercial | Other | 1 TO 3 CATEGORY
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	69.5	203.3
Commercial | Other | 4 TO 5 CATEGORY
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	94.5	222.7
Commercial | Other | 6 TO 9 CATEGORY (WATCH LIST)
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	0	0
Personal
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	17,135.4	17,314.8
Personal | 1 TO 3 CATEGORY
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	8,121.9	9,098.3
Personal | 4 TO 5 CATEGORY
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	8,797	7,940.8
Personal | 6 TO 9 CATEGORY (WATCH LIST)
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	216.5	275.7
Personal | Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	5,999.6	6,514
Personal | Real Estate | 1 TO 3 CATEGORY
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	2,638.1	2,745
Personal | Real Estate | 4 TO 5 CATEGORY
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	3,185.4	3,502.3
Personal | Real Estate | 6 TO 9 CATEGORY (WATCH LIST)
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	176.1	266.7
Personal | Private Client
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	11,068.7	10,733.3
Personal | Private Client | 1 TO 3 CATEGORY
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	5,455.3	6,321.1
Personal | Private Client | 4 TO 5 CATEGORY
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	5,573	4,403.2
Personal | Private Client | 6 TO 9 CATEGORY (WATCH LIST)
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	40.4	9
Personal | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	67.1	67.5
Personal | Other | 1 TO 3 CATEGORY
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	28.5	32.2
Personal | Other | 4 TO 5 CATEGORY
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	38.6	35.3
Personal | Other | 6 TO 9 CATEGORY (WATCH LIST)
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	$ 0	$ 0

Loans and Leases - Delinquency

Loans and Leases - Delinquency Status (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	$ 31,409.6	$ 32,490
Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	14,274.2	15,175.2
Commercial | Commercial and Institutional
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	8,915.6	8,728.1
Commercial | Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	3,378	3,228.8
Commercial | Non-U.S.
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	1,751	2,701.6
Commercial | Lease Financing, net
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	65.6	90.7
Commercial | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	164	426
Personal
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	17,135.4	17,314.8
Personal | Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	5,999.6	6,514
Personal | Private Client
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	11,068.7	10,733.3
Personal | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	67.1	67.5
Performing Financing Receivable
Financing Receivable, Credit Quality Indicator [Line Items]
CURRENT	31,230.6	32,213
Total Loans and Leases	31,326	32,380.7
Performing Financing Receivable | 30 – 59 DAYS PAST DUE
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	59.6	112.5
Performing Financing Receivable | 60 – 89 DAYS PAST DUE
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	28.4	38.8
Performing Financing Receivable | 90 DAYS OR MORE PAST DUE
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	7.4	16.4
Performing Financing Receivable | Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
CURRENT	14,235.9	15,087.6
Total Loans and Leases	14,262.5	15,161.1
Performing Financing Receivable | Commercial | Commercial and Institutional
Financing Receivable, Credit Quality Indicator [Line Items]
CURRENT	8,892.7	8,678.2
Total Loans and Leases	8,908	8,721.3
Performing Financing Receivable | Commercial | Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
CURRENT	3,363.3	3,191.5
Total Loans and Leases	3,374.4	3,221.9
Performing Financing Receivable | Commercial | Non-U.S.
Financing Receivable, Credit Quality Indicator [Line Items]
CURRENT	1,750.3	2,701.2
Total Loans and Leases	1,750.5	2,701.2
Performing Financing Receivable | Commercial | Lease Financing, net
Financing Receivable, Credit Quality Indicator [Line Items]
CURRENT	65.6	90.7
Total Loans and Leases	65.6	90.7
Performing Financing Receivable | Commercial | Other
Financing Receivable, Credit Quality Indicator [Line Items]
CURRENT	164	426
Total Loans and Leases	164	426
Performing Financing Receivable | Commercial | 30 – 59 DAYS PAST DUE
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	6.7	45.8
Performing Financing Receivable | Commercial | 30 – 59 DAYS PAST DUE | Commercial and Institutional
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	4.1	37.4
Performing Financing Receivable | Commercial | 30 – 59 DAYS PAST DUE | Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	2.4	8.4
Performing Financing Receivable | Commercial | 30 – 59 DAYS PAST DUE | Non-U.S.
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	0.2	0
Performing Financing Receivable | Commercial | 30 – 59 DAYS PAST DUE | Lease Financing, net
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	0	0
Performing Financing Receivable | Commercial | 30 – 59 DAYS PAST DUE | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	0	0
Performing Financing Receivable | Commercial | 60 – 89 DAYS PAST DUE
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	14	20.1
Performing Financing Receivable | Commercial | 60 – 89 DAYS PAST DUE | Commercial and Institutional
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	10	4.5
Performing Financing Receivable | Commercial | 60 – 89 DAYS PAST DUE | Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	4	15.6
Performing Financing Receivable | Commercial | 60 – 89 DAYS PAST DUE | Non-U.S.
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	0	0
Performing Financing Receivable | Commercial | 60 – 89 DAYS PAST DUE | Lease Financing, net
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	0	0
Performing Financing Receivable | Commercial | 60 – 89 DAYS PAST DUE | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	0	0
Performing Financing Receivable | Commercial | 90 DAYS OR MORE PAST DUE
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	5.9	7.6
Performing Financing Receivable | Commercial | 90 DAYS OR MORE PAST DUE | Commercial and Institutional
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	1.2	1.2
Performing Financing Receivable | Commercial | 90 DAYS OR MORE PAST DUE | Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	4.7	6.4
Performing Financing Receivable | Commercial | 90 DAYS OR MORE PAST DUE | Non-U.S.
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	0	0
Performing Financing Receivable | Commercial | 90 DAYS OR MORE PAST DUE | Lease Financing, net
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	0	0
Performing Financing Receivable | Commercial | 90 DAYS OR MORE PAST DUE | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	0	0
Performing Financing Receivable | Personal
Financing Receivable, Credit Quality Indicator [Line Items]
CURRENT	16,994.7	17,125.4
Total Loans and Leases	17,063.5	17,219.6
Performing Financing Receivable | Personal | Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
CURRENT	5,902.3	6,376.8
Total Loans and Leases	5,928.2	6,419
Performing Financing Receivable | Personal | Private Client
Financing Receivable, Credit Quality Indicator [Line Items]
CURRENT	11,025.3	10,681.1
Total Loans and Leases	11,068.2	10,733.1
Performing Financing Receivable | Personal | Other
Financing Receivable, Credit Quality Indicator [Line Items]
CURRENT	67.1	67.5
Total Loans and Leases	67.1	67.5
Performing Financing Receivable | Personal | 30 – 59 DAYS PAST DUE
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	52.9	66.7
Performing Financing Receivable | Personal | 30 – 59 DAYS PAST DUE | Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	19.8	27.2
Performing Financing Receivable | Personal | 30 – 59 DAYS PAST DUE | Private Client
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	33.1	39.5
Performing Financing Receivable | Personal | 30 – 59 DAYS PAST DUE | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	0	0
Performing Financing Receivable | Personal | 60 – 89 DAYS PAST DUE
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	14.4	18.7
Performing Financing Receivable | Personal | 60 – 89 DAYS PAST DUE | Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	4.9	6.2
Performing Financing Receivable | Personal | 60 – 89 DAYS PAST DUE | Private Client
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	9.5	12.5
Performing Financing Receivable | Personal | 60 – 89 DAYS PAST DUE | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	0	0
Performing Financing Receivable | Personal | 90 DAYS OR MORE PAST DUE
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	1.5	8.8
Performing Financing Receivable | Personal | 90 DAYS OR MORE PAST DUE | Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	1.2	8.8
Performing Financing Receivable | Personal | 90 DAYS OR MORE PAST DUE | Private Client
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	0.3	0
Performing Financing Receivable | Personal | 90 DAYS OR MORE PAST DUE | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	0	0
Nonperforming Financing Receivable
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	83.6	109.3
Other Real Estate Owned	3.2	8.4
Total Nonperforming Assets	86.8	117.7
Nonperforming Financing Receivable | Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	11.7	14.1
Nonperforming Financing Receivable | Commercial | Commercial and Institutional
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	7.6	6.8
Nonperforming Financing Receivable | Commercial | Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	3.6	6.9
Nonperforming Financing Receivable | Commercial | Non-U.S.
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	0.5	0.4
Nonperforming Financing Receivable | Commercial | Lease Financing, net
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	0	0
Nonperforming Financing Receivable | Commercial | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	0	0
Nonperforming Financing Receivable | Personal
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	71.9	95.2
Nonperforming Financing Receivable | Personal | Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	71.4	95
Nonperforming Financing Receivable | Personal | Private Client
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	0.5	0.2
Nonperforming Financing Receivable | Personal | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans and Leases	$ 0	$ 0

Loans and Leases - Impaired Loa

Loans and Leases - Impaired Loans (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Financing Receivable, Impaired [Line Items]
Recorded Investment	$ 92.2	$ 116.2
Unpaid principal balance	123.7	150.6
Specific allowance	5	7.2
Average recorded investment	120.2	124.6
Interest income recognized	2.2	2.2
Commercial
Financing Receivable, Impaired [Line Items]
Recorded Investment	10.4	15
Unpaid principal balance	14.9	18.1
Specific allowance	3.4	4.1
Average recorded investment	13.3	19.9
Interest income recognized	0.3	0.2
Commercial | Commercial and Institutional
Financing Receivable, Impaired [Line Items]
With no related specific reserve, recorded investment	0	0.2
With a related specific reserve, recorded investment	6.8	6.4
With no related specific reserve, unpaid principal balance	0.1	0.4
With a related specific reserve, unpaid principal balance	8.9	7.3
Specific allowance	2.3	3
With no related specific reserve, average recorded investment	0.5	6.8
With a related specific reserve, average recorded investment	7.9	4.6
With no related specific reserve, interest income recognized	0	0
With a related specific allowance, interest income recognized	0	0
Commercial | Real Estate
Financing Receivable, Impaired [Line Items]
With no related specific reserve, recorded investment	2.4	5.8
With a related specific reserve, recorded investment	1.2	2.6
With no related specific reserve, unpaid principal balance	4.4	7.6
With a related specific reserve, unpaid principal balance	1.5	2.8
Specific allowance	1.1	1.1
With no related specific reserve, average recorded investment	3.5	6.4
With a related specific reserve, average recorded investment	1.4	2.1
With no related specific reserve, interest income recognized	0.3	0.2
With a related specific allowance, interest income recognized	0	0
Personal
Financing Receivable, Impaired [Line Items]
Recorded Investment	81.8	101.2
Unpaid principal balance	108.8	132.5
Specific allowance	1.6	3.1
Average recorded investment	106.9	104.7
Interest income recognized	1.9	2
Personal | Real Estate
Financing Receivable, Impaired [Line Items]
With no related specific reserve, recorded investment	75.6	76.7
With a related specific reserve, recorded investment	5	22.8
With no related specific reserve, unpaid principal balance	102.5	104.7
With a related specific reserve, unpaid principal balance	5.1	26.1
Specific allowance	1.6	3.1
With no related specific reserve, average recorded investment	88.5	94.9
With a related specific reserve, average recorded investment	16.7	9.2
With no related specific reserve, interest income recognized	1.8	1.9
With a related specific allowance, interest income recognized	0	0
Personal | Private Client
Financing Receivable, Impaired [Line Items]
With no related specific reserve, recorded investment	1.2	1.7
With no related specific reserve, unpaid principal balance	1.2	1.7
With no related specific reserve, average recorded investment	1.7	0.6
With no related specific reserve, interest income recognized	$ 0.1	$ 0.1

Loans and Leases - Troubled Deb

Loans and Leases - Troubled Debt Restructurings (Detail) - Lease Financing, net $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)Contract	Dec. 31, 2018USD ($)Contract
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loans or leases modified in trouble debt restructuring | Contract	48	52
Troubled debt restructurings, recorded investment	$ 44.9	$ 30.8
Troubled debt restructurings, unpaid principal balance	$ 47.6	$ 34.2
Commercial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loans or leases modified in trouble debt restructuring | Contract	3	3
Troubled debt restructurings, recorded investment	$ 7.5	$ 3.1
Troubled debt restructurings, unpaid principal balance	$ 8.8	$ 3.3
Commercial | Commercial and Institutional
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loans or leases modified in trouble debt restructuring | Contract	1	1
Troubled debt restructurings, recorded investment	$ 7.5	$ 0.3
Troubled debt restructurings, unpaid principal balance	$ 8.8	$ 0.5
Commercial | Real Estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loans or leases modified in trouble debt restructuring | Contract	2	2
Troubled debt restructurings, recorded investment	$ 0	$ 2.8
Troubled debt restructurings, unpaid principal balance	$ 0	$ 2.8
Personal
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loans or leases modified in trouble debt restructuring | Contract	45	49
Troubled debt restructurings, recorded investment	$ 37.4	$ 27.7
Troubled debt restructurings, unpaid principal balance	$ 38.8	$ 30.9
Personal | Real Estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loans or leases modified in trouble debt restructuring | Contract	45	48
Troubled debt restructurings, recorded investment	$ 37.4	$ 27.7
Troubled debt restructurings, unpaid principal balance	$ 38.8	$ 30.8
Personal | Private Client
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loans or leases modified in trouble debt restructuring | Contract	0	1
Troubled debt restructurings, recorded investment	$ 0	$ 0
Troubled debt restructurings, unpaid principal balance	$ 0	$ 0.1

Allowance for Credit Losses - C

Allowance for Credit Losses - Changes in Allowance for Credit Losses (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at Beginning of Year	$ 138.2	$ 153.8	$ 192
Charge-Offs	(6.5)	(10.1)	(21.5)
Recoveries	7.2	9	11.3
Net (Charge-Offs) Recoveries	0.7	(1.1)	(10.2)
Provision for Credit Losses	(14.5)	(14.5)	(28)
Balance at End of Year	124.4	138.2	153.8
Allowance for Credit Losses Assigned to:
Loans and Leases				$ 104.5	$ 112.6	$ 131.2
Undrawn Commitments and Standby Letters of Credit				19.9	25.6	22.6
Total Allowance for Credit Losses	124.4	153.8	192	124.4	138.2	153.8
Commercial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at Beginning of Year	78.7	80.8	104.9
Charge-Offs	(3)	(0.9)	(11.4)
Recoveries	0.9	1.7	5.5
Net (Charge-Offs) Recoveries	(2.1)	0.8	(5.9)
Provision for Credit Losses	(2.7)	(2.9)	(18.2)
Balance at End of Year	73.9	78.7	80.8
Allowance for Credit Losses Assigned to:
Loans and Leases				58.1	57.6	63.5
Undrawn Commitments and Standby Letters of Credit				15.8	21.1	17.3
Total Allowance for Credit Losses	78.7	78.7	104.9	73.9	78.7	80.8
Personal
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at Beginning of Year	59.5	73	87.1
Charge-Offs	(3.5)	(9.2)	(10.1)
Recoveries	6.3	7.3	5.8
Net (Charge-Offs) Recoveries	2.8	(1.9)	(4.3)
Provision for Credit Losses	(11.8)	(11.6)	(9.8)
Balance at End of Year	50.5	59.5	73
Allowance for Credit Losses Assigned to:
Loans and Leases				46.4	55	67.7
Undrawn Commitments and Standby Letters of Credit				4.1	4.5	5.3
Total Allowance for Credit Losses	$ 50.5	$ 73	$ 73	$ 50.5	$ 59.5	$ 73

Allowance for Credit Losses - R

Allowance for Credit Losses - Recorded Investments in Loans and Leases (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Loans and Leases
Specifically Evaluated for Impairment	$ 92.2	$ 116.2
Evaluated for Inherent Impairment	31,317.4	32,373.8
Total Loans and Leases	31,409.6	32,490
Allowance for Credit Losses on Credit Exposures
Specifically Evaluated for Impairment	5	7.2
Evaluated for Inherent Impairment	99.5	105.4
Allowance Assigned to Loans and Leases	104.5	112.6	$ 131.2
Allowance for Undrawn Exposures
Commitments and Standby Letters of Credit	19.9	25.6	22.6
Total Allowance for Credit Losses	124.4	138.2	153.8	$ 192
Commercial
Loans and Leases
Specifically Evaluated for Impairment	10.4	15
Evaluated for Inherent Impairment	14,263.8	15,160.2
Total Loans and Leases	14,274.2	15,175.2
Allowance for Credit Losses on Credit Exposures
Specifically Evaluated for Impairment	3.4	4.1
Evaluated for Inherent Impairment	54.7	53.5
Allowance Assigned to Loans and Leases	58.1	57.6	63.5
Allowance for Undrawn Exposures
Commitments and Standby Letters of Credit	15.8	21.1	17.3
Total Allowance for Credit Losses	73.9	78.7	80.8	104.9
Personal
Loans and Leases
Specifically Evaluated for Impairment	81.8	101.2
Evaluated for Inherent Impairment	17,053.6	17,213.6
Total Loans and Leases	17,135.4	17,314.8
Allowance for Credit Losses on Credit Exposures
Specifically Evaluated for Impairment	1.6	3.1
Evaluated for Inherent Impairment	44.8	51.9
Allowance Assigned to Loans and Leases	46.4	55	67.7
Allowance for Undrawn Exposures
Commitments and Standby Letters of Credit	4.1	4.5	5.3
Total Allowance for Credit Losses	$ 50.5	$ 59.5	$ 73	$ 87.1

Concentrations of Credit Risk -

Concentrations of Credit Risk - Narrative (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Concentration Risk [Line Items]
Interest bearing balances held at banks	$ 4,900	$ 4,300
Federal funds sold and securities purchased under agreements to resell	712.8	1,165.2
Credit risk to banks	4,300	4,500
Residential real estate	$ 6,000	$ 6,500
Residential real estate loans as percentage of total U.S. loans	20.00%	22.00%
Lower limit of generally required loan to collateral value for residential real estate loans	65.00%
Upper limit of generally required loan to collateral value for residential real estate loans	80.00%
Legally binding undrawn commitments to extend credit	$ 714.2	$ 824
Florida
Concentration Risk [Line Items]
Residential real estate	1,600
Greater Chicago Area
Concentration Risk [Line Items]
Residential real estate	1,000
California
Concentration Risk [Line Items]
Residential real estate	$ 1,200

Concentrations of Credit Risk_2

Concentrations of Credit Risk - Commercial Real Estate Loans (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Commercial Mortgages
Lease Financing, net	$ 65.6	$ 90.7
Mortgages
Commercial Mortgages
Office	754.3	811.2
Apartment/ Multi-family	646.5	490.7
Retail	573.3	529.7
Industrial/ Warehouse	278	254.9
Other	420.1	426.6
Lease Financing, net	2,672.2	2,513.1
Real Estate
Commercial Mortgages
Lease Financing, net	3,378	3,228.8
Construction, Acquisition and Development Loans	432.1	420.6
Single Family Investment	95.5	127
Other Commercial Real Estate Related	$ 178.2	$ 168.1

- Buildings and Equipment (Deta

- Buildings and Equipment (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
ORIGINAL COST	$ 1,467.4	$ 1,317
ACCUMULATED DEPRECIATION	984.1	888.8
NET BOOK VALUE	483.3	428.2
Land and Improvements
Property, Plant and Equipment [Line Items]
ORIGINAL COST	14.5	15.4
ACCUMULATED DEPRECIATION	0.5	1.1
NET BOOK VALUE	14	14.3
Buildings
Property, Plant and Equipment [Line Items]
ORIGINAL COST	305.8	245.7
ACCUMULATED DEPRECIATION	156	148.2
NET BOOK VALUE	149.8	97.5
Equipment
Property, Plant and Equipment [Line Items]
ORIGINAL COST	731	649.9
ACCUMULATED DEPRECIATION	521.5	457.6
NET BOOK VALUE	209.5	192.3
Leasehold Improvements
Property, Plant and Equipment [Line Items]
ORIGINAL COST	416.1	406
ACCUMULATED DEPRECIATION	306.1	281.9
NET BOOK VALUE	$ 110	$ 124.1

Buildings and Equipment - Narra

Buildings and Equipment - Narrative (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Depreciation of assets	$ 103.2	$ 108.6	$ 101.2

- Lease Cost Components (Detail

- Lease Cost Components (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)
Leases [Abstract]
Operating Lease Cost	$ 102.2
Variable Lease Cost	38.7
Sublease Income	(6.6)
Total Lease Cost	$ 134.3

- Maturity of Lease Liability (

- Maturity of Lease Liability (Detail) $ in Millions	Dec. 31, 2019USD ($)
Leases [Abstract]
2020	$ 101.3
2021	85.8
2022	78.5
2023	70.5
2024	59.6
Later Years	300
Total Lease Payments	695.7
Less: Imputed Interest	(92.6)
Present Value of Lease Liabilities	$ 603.1

Lease Commitments - Narrative (

Lease Commitments - Narrative (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2019
Lessee, Lease, Description [Line Items]
Lessee, operating lease, lease not yet commenced, liability				$ 40.1
Net rental expense	$ 79	$ 76.7	$ 76.1
Upper Limit
Lessee, Lease, Description [Line Items]
Lease terms (in years)				15 years
Lower Limit
Lessee, Lease, Description [Line Items]
Lease terms (in years)				9 years

- Assets and Liabilities (Detai

- Assets and Liabilities (Detail) $ in Millions	Dec. 31, 2019USD ($)
Assets
Operating Lease Right-of-Use Asset	$ 491.6
Liabilities
Operating Lease Liability	$ 603.1

- Weighted-Average Remaining Le

- Weighted-Average Remaining Lease Term and Discount Rate (Detail)	Dec. 31, 2019
Operating Leases
Weighted-Average Remaining Lease Term	9 years 2 months 12 days
Weighted-Average Discount Rate	3.00%

- Supplemental Cash Flow Inform

- Supplemental Cash Flow Information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)
Supplemental cash flow information
Cash paid for amounts included in the measurement of lease liabilities - operating cash flows	$ 101.2
Supplemental non-cash information
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 108.3

Lease Commitments - Minimum Lea

Lease Commitments - Minimum Lease Payments (Detail) $ in Millions	Dec. 31, 2018USD ($)
Leases [Abstract]
2019	$ 98.8
2020	97.8
2021	85.9
2022	77.2
2023	67.7
Later Years	335.7
Total Minimum Lease Payments	763.1
Less: Sublease Rentals	(23.4)
Net Minimum Lease Payments	$ 739.7

Goodwill and Other Intangible_2

Goodwill and Other Intangibles - Goodwill (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Goodwill [Roll Forward]
Beginning Balance	$ 669.3	$ 605.6
Goodwill Acquired	23.5	71.4
Foreign Exchange Rates	4	(7.7)
Ending Balance	696.8	669.3
CORPORATE & INSTITUTIONAL SERVICES
Goodwill [Roll Forward]
Beginning Balance	598.2	534.5
Goodwill Acquired	23.5	71.4
Foreign Exchange Rates	4	(7.7)
Ending Balance	625.7	598.2
WEALTH MANAGEMENT
Goodwill [Roll Forward]
Beginning Balance	71.1	71.1
Goodwill Acquired	0	0
Foreign Exchange Rates	0	0
Ending Balance	$ 71.1	$ 71.1

Goodwill and Other Intangible_3

Goodwill and Other Intangibles - Other Intangible Assets (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Gross Carrying Amount	$ 207.2	$ 211.1
Less: Accumulated Amortization	86.6	72.5
Net Book Value	$ 120.6	$ 138.6

Goodwill and Other Intangible_4

Goodwill and Other Intangibles - Narrative (Detail) - USD ($) $ in Millions	1 Months Ended		3 Months Ended	12 Months Ended
	Sep. 30, 2019	Jun. 30, 2018	Mar. 31, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Acquired Finite-Lived Intangible Assets [Line Items]
Amortization expense related to other intangible assets				$ 16.6	$ 17.4	$ 11.4
Goodwill				696.8	669.3	605.6
Other Intangible Assets
Acquired Finite-Lived Intangible Assets [Line Items]
Amortization expense related to other intangible assets				16.6	$ 17.4	$ 11.4
Estimated future amortization expense for 2020				16.7
Estimated future amortization expense for 2021				14.3
Estimated future amortization expense for 2022				9.7
Estimated future amortization expense for 2023				9.4
Estimated future amortization expense for 2024				9.3
Belvedere Advisors LLC
Acquired Finite-Lived Intangible Assets [Line Items]
Purchase price	$ 17.6
Goodwill				9.3
Belvedere Advisors LLC | Computer Software
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets acquired				8.3
BEx LLC
Acquired Finite-Lived Intangible Assets [Line Items]
Purchase price			$ 37.9
Goodwill				12.5
Intangible assets acquired				25
Omnium Technology
Acquired Finite-Lived Intangible Assets [Line Items]
Purchase price		$ 73
Goodwill				71.4
Intangible assets acquired				$ 1.6

Deposits - Scheduled Maturity o

Deposits - Scheduled Maturity of Total Time Deposits (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Time Deposits [Line Items]
1 Year or Less	$ 1,692.5
Over 1 Year to 2 Years	196.6
Over 2 Years to 3 Years	7.4
Over 3 Years to 4 Years	3.8
Over 4 Years to 5 Years	4.2
Over 5 Years	0.9
Total	1,905.4	$ 1,300
U.S. OFFICE
Time Deposits [Line Items]
1 Year or Less	673.6
Over 1 Year to 2 Years	196.6
Over 2 Years to 3 Years	7.4
Over 3 Years to 4 Years	3.8
Over 4 Years to 5 Years	4.2
Over 5 Years	0.9
Total	886.5
NON-U.S. OFFICES
Time Deposits [Line Items]
1 Year or Less	1,018.9
Over 1 Year to 2 Years	0
Over 2 Years to 3 Years	0
Over 3 Years to 4 Years	0
Over 4 Years to 5 Years	0
Over 5 Years	0
Total	$ 1,018.9

Deposits - Narrative (Details)

Deposits - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Banking and Thrift [Abstract]
Time deposits	$ 1,905.4	$ 1,300
Time deposits, certificates of deposits		580.9
Time deposits, non-U.S		$ 758.6

Senior Notes and Long-Term De_3

Senior Notes and Long-Term Debt - Senior Notes (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Senior Notes	$ 2,573	$ 2,011.3
Fixed Rate Due Nov. 2020
Debt Instrument [Line Items]
Interest rate	3.45%
Senior Notes	$ 499.9	499.7
Fixed Rate Due Aug. 2021
Debt Instrument [Line Items]
Interest rate	3.38%
Senior Notes	$ 499.4	499.1
Fixed Rate Due Aug. 2022
Debt Instrument [Line Items]
Interest rate	2.38%
Senior Notes	$ 499.4	499.2
Fixed Rate Due Aug. 2028
Debt Instrument [Line Items]
Interest rate	3.65%
Senior Notes	$ 547.2	513.3
Fixed Rate Due Aug. 2029
Debt Instrument [Line Items]
Interest rate	3.15%
Senior Notes	$ 527.1	$ 0

Senior Notes and Long-Term De_4

Senior Notes and Long-Term Debt - Long-Term Debt (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Total Corporation Subordinated Debt	$ 1,148.1	$ 1,112.4
Long-Term Debt Qualifying as Risk-Based Capital	$ 1,099.5	1,099.5
Redemption price, percentage	100.00%
Corporation Subordinated Notes
Debt Instrument [Line Items]
Total Corporation Subordinated Debt	$ 1,148.1	1,112.4
Corporation-Subordinated 3.95% Notes due Oct. 2025
Debt Instrument [Line Items]
Total Corporation Subordinated Debt	$ 798.7	763.1
Interest rate	3.95%
Notes issued at a discount	0.114%
Corporation Subordinated 3.375% Notes due May 2032
Debt Instrument [Line Items]
Total Corporation Subordinated Debt	$ 349.4	349.3
Interest rate	3.375%
Debt instrument, basis spread on variable rate	1.131%
Senior Notes
Debt Instrument [Line Items]
Debt issue costs	$ 2.2
Secured Debt
Debt Instrument [Line Items]
Debt issue costs	$ 1.3
Fixed Rate Due Nov. 2020
Debt Instrument [Line Items]
Interest rate	3.45%
Notes issued at a discount	0.117%
Fixed Rate Due Aug. 2021
Debt Instrument [Line Items]
Interest rate	3.38%
Notes issued at a discount	0.437%
Fixed Rate Due Aug. 2022
Debt Instrument [Line Items]
Interest rate	2.38%
Notes issued at a discount	0.283%
Fixed Rate Due Aug. 2028
Debt Instrument [Line Items]
Interest rate	3.65%
Notes issued at a discount	0.125%
Fixed Rate Due May. 2029
Debt Instrument [Line Items]
Notes issued at a discount	0.094%
Subordinated Debt | Interest Rate Swaps
Debt Instrument [Line Items]
Increases in the carrying values of notes outstanding covered by interest-rate swap contracts	$ 126.9	$ 29.3

Floating Rate Capital Debt - Na

Floating Rate Capital Debt - Narrative (Detail) - USD ($)	1 Months Ended		12 Months Ended
	Apr. 30, 1997	Jan. 31, 1997	Dec. 31, 2019
Debt Instrument [Line Items]
Percentage of securities eligible for Tier 2 capital treatment			30.00%
Securities eligible for Tier 2 capital treatment, decline rate			10.00%
Liquidation amount per security (in usd per share)			$ 1,000
NTC Capital I Subordinated Debentures due January 15, 2027
Debt Instrument [Line Items]
Floating rate capital securities, issued		$ 150,000,000
Floating rate capital securities, due date	Jan. 15, 2027
Liquidation amount per security (in usd per share)		$ 1,000
Debt instrument, basis spread on variable rate		0.52%
NTC Capital II Subordinated Debentures due April 15, 2027
Debt Instrument [Line Items]
Floating rate capital securities, issued	$ 120,000,000
Liquidation amount per security (in usd per share)	$ 1,000
Debt instrument, basis spread on variable rate	0.59%
London Interbank Offered Rate (LIBOR) | NTC Capital I Subordinated Debentures due January 15, 2027
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate			0.605%
London Interbank Offered Rate (LIBOR) | NTC Capital II Subordinated Debentures due April 15, 2027
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate			0.679%

Floating Rate Capital Debt - Su

Floating Rate Capital Debt - Subordinated Debentures (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Debt Outstanding [Line Items]
Floating rate capital debt	$ 277.7	$ 277.6
NTC Capital I Subordinated Debentures due January 15, 2027
Debt Outstanding [Line Items]
Floating rate capital debt	154.3	154.2
NTC Capital II Subordinated Debentures due April 15, 2027
Debt Outstanding [Line Items]
Floating rate capital debt	$ 123.4	$ 123.4

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Detail) - USD ($)	Nov. 05, 2019	Oct. 22, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Jul. 31, 2018	Dec. 31, 2016
Class of Stock [Line Items]
Preferred stock, shares authorized (in shares)			10,000,000	10,000,000
Stockholders' equity attributable to parent			$ 11,091,000,000	$ 10,508,300,000	$ 10,216,200,000		$ 9,770,400,000
Preferred stock, par value (in dollars per share)
Proceeds from issuance of preferred stock			$ 392,500,000	$ 0	$ 0
Number of shares authorized to be repurchased (in shares)						25,000,000
Average price paid per share for common stock repurchased (in dollars per share)			$ 93.40	$ 102.69	$ 90.25
Upper Limit
Class of Stock [Line Items]
Stock repurchase authorized amount			$ 828,500,000
Series C Preferred Stock
Class of Stock [Line Items]
Preferred stock, shares outstanding (in shares)			16,000	16,000
Preferred stock, shares issued (in shares)			16,000,000
Per share ownership interest, percentage			0.10%
Stockholders' equity attributable to parent			$ 388,500,000	$ 388,500,000
Preferred stock, par value (in dollars per share)			$ 0
Preferred stock, liquidation preference			$ 25,000
Depository shares, liquidation preference (in dollars per share)			$ 25
Preferred stock, annual dividend rate			5.85%
Preferred stock, dividends per share, declared (in dollars per share)		$ 365.625
Preferred stock			$ 388,500,000	$ 388,500,000
Series D Preferred Stock
Class of Stock [Line Items]
Preferred stock, shares outstanding (in shares)			5,000	5,000
Preferred stock, shares issued (in shares)			500,000
Per share ownership interest, percentage			1.00%
Preferred stock, par value (in dollars per share)			$ 0
Preferred stock, liquidation preference			$ 100,000
Depository shares, liquidation preference (in dollars per share)			$ 1,000
Preferred stock, annual dividend rate			4.60%
Preferred stock			$ 493,500,000	$ 493,500,000
Preferred stock, variable rate			3.202%
Series E Preferred Stock
Class of Stock [Line Items]
Preferred stock, shares outstanding (in shares)			16,000
Preferred stock, shares issued (in shares)	16,000,000
Per share ownership interest, percentage			0.10%
Preferred stock, par value (in dollars per share)	$ 0
Preferred stock, liquidation preference	$ 25,000
Depository shares, liquidation preference (in dollars per share)	$ 25
Preferred stock, annual dividend rate			4.70%
Preferred stock			$ 391,400,000	$ 0
Proceeds from issuance of preferred stock	$ 391,400,000

Stockholders' Equity - Shares o

Stockholders' Equity - Shares of Common Stock (Detail) - shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Beginning balance (in shares)	219,012,050	226,126,674	228,605,485
Incentive Plan and Awards (in shares)	1,688,931	1,310,778	1,320,129
Stock Options Exercised (in shares)	786,931	575,662	1,997,362
Treasury Stock Purchased (in shares)	(11,778,866)	(9,001,064)	(5,796,302)
Ending balance (in shares)	209,709,046	219,012,050	226,126,674

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Summary of Changes in Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period	$ 10,508.3	$ 10,216.2	$ 9,770.4
Net Change	259	(14.1)	(44.3)
Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income		0
Balance, end of period	11,091	10,508.3	10,216.2
Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period	(453.7)	(414.3)	(370)
Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income		(25.3)
Balance, end of period	(194.7)	(453.7)	(414.3)
Net Unrealized (Losses) Gains on Debt Securities Available for Sale
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period	(114.9)	(74.8)	(32.4)
Net Change	228.9	(22.3)	(42.4)
Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income		(17.8)
Balance, end of period	114	(114.9)	(74.8)
NET UNREALIZED (LOSSES) GAINS ON CASH FLOW HEDGES
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period	4	4.5	6.1
Net Change	(7.7)	(1.4)	(1.6)
Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income		0.9
Balance, end of period	(3.7)	4	4.5
NET FOREIGN CURRENCY ADJUSTMENTS
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period	67.9	(1.8)	(18.5)
Net Change	49.9	22.2	16.7
Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income		47.5
Balance, end of period	117.8	67.9	(1.8)
NET PENSION AND OTHER POSTRETIREMENT BENEFIT ADJUSTMENTS
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period	(410.7)	(342.2)	(325.2)
Net Change	(12.1)	(12.6)	(17)
Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income		(55.9)
Balance, end of period	$ (422.8)	$ (410.7)	$ (342.2)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) - Details of Changes in Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
BEFORE TAX
Net Change	$ 347.9	$ 11.6	$ (156.7)
TAX EFFECT
Net Change	(88.9)	(25.7)	112.4
AFTER TAX
Other comprehensive income (loss) before reclassifications	259	(14.1)	(44.3)
Unrealized Gains (Losses) on Debt Securities Available for Sale
BEFORE TAX
Gains (Losses)	306.1	(31.9)	(70.2)
Reclassification Adjustment for Losses (Gains) Included in Net Income	1.1	0.5	1.4
Net Change	307.2	(31.4)	(68.8)
TAX EFFECT
Gains (Losses)	(78)	9.2	26.9
Reclassification Adjustment for Losses (Gains) Included in Net Income	(0.3)	(0.1)	(0.5)
Net Change	(78.3)	9.1	26.4
AFTER TAX
Gains (Losses)	228.1	(22.7)	(43.3)
Reclassification Adjustment for Losses (Gains) Included in Net Income	0.8	0.4	0.9
Other comprehensive income (loss) before reclassifications	228.9	(22.3)	(42.4)
Unrealized (Losses) Gains on Cash Flow Hedges
BEFORE TAX
Reclassification Adjustment for Losses (Gains) Included in Net Income	(26.7)	(71.1)	(24.5)
Net Change	(10.3)	(1.8)	9.3
TAX EFFECT
Reclassification Adjustment for Losses (Gains) Included in Net Income	6.6	17.7	9.4
Net Change	2.6	0.4	(10.9)
AFTER TAX
Reclassification Adjustment for Losses (Gains) Included in Net Income	(20.1)	(53.4)	(15.1)
Other comprehensive income (loss) before reclassifications	(7.7)	(1.4)	(1.6)
Foreign Currency Adjustments
BEFORE TAX
Net Change	65.6	63.4	(64.7)
TAX EFFECT
Net Change	(15.7)	(41.2)	81.4
AFTER TAX
Other comprehensive income (loss) before reclassifications	49.9	22.2	16.7
Foreign Currency Translation Adjustments
BEFORE TAX
Net Change	6.4	(107.8)	156.5
TAX EFFECT
Net Change	(1.6)	1.5	(3.1)
AFTER TAX
Other comprehensive income (loss) before reclassifications	4.8	(106.3)	153.4
Long-Term Intra-Entity Foreign Currency Transaction (Losses) Gains
BEFORE TAX
Net Change	(0.5)	(1.8)	2
TAX EFFECT
Net Change	0.1	0.5	(0.7)
AFTER TAX
Other comprehensive income (loss) before reclassifications	(0.4)	(1.3)	1.3
Net Investment Hedge Gains (Losses)
BEFORE TAX
Net Change	59.7	173	(223.2)
TAX EFFECT
Net Change	(14.2)	(43.2)	85.2
AFTER TAX
Other comprehensive income (loss) before reclassifications	45.5	129.8	(138)
Pension and Other Postretirement Benefit Adjustments
BEFORE TAX
Gains (Losses)	(36.8)	(54.9)	(58.4)
Net Change	(14.6)	(18.6)	(32.5)
TAX EFFECT
Gains (Losses)	7.9	9.6	25.4
Net Change	2.5	6	15.5
AFTER TAX
Gains (Losses)	(28.9)	(45.3)	(33)
Other comprehensive income (loss) before reclassifications	(12.1)	(12.6)	(17)
Amortization of Net Actuarial Loss
BEFORE TAX
Reclassification Adjustment for Losses (Gains) Included in Net Income	22.4	36.6	26
TAX EFFECT
Reclassification Adjustment for Losses (Gains) Included in Net Income	(5.4)	(3.6)	(9.9)
AFTER TAX
Reclassification Adjustment for Losses (Gains) Included in Net Income	17	33	16.1
Amortization of Prior Service Cost
BEFORE TAX
Reclassification Adjustment for Losses (Gains) Included in Net Income	(0.2)	(0.3)	(0.1)
TAX EFFECT
Reclassification Adjustment for Losses (Gains) Included in Net Income	0	0	0
AFTER TAX
Reclassification Adjustment for Losses (Gains) Included in Net Income	(0.2)	(0.3)	(0.1)
Foreign Exchange Contracts | Unrealized (Losses) Gains on Cash Flow Hedges
BEFORE TAX
Gains (Losses)	14.9	70.5	32.5
TAX EFFECT
Gains (Losses)	(3.7)	(17.6)	(19.5)
AFTER TAX
Gains (Losses)	11.2	52.9	13
Interest Rate Contracts | Unrealized (Losses) Gains on Cash Flow Hedges
BEFORE TAX
Gains (Losses)	1.5	(1.2)	1.3
TAX EFFECT
Gains (Losses)	(0.3)	0.3	(0.8)
AFTER TAX
Gains (Losses)	$ 1.2	$ (0.9)	$ 0.5

Net Income per Common Share - N

Net Income per Common Share - Net Income Per Common Share (Detail) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
BASIC NET INCOME PER COMMON SHARE
Average Number of Common Shares Outstanding (in shares)	214,525,547	223,148,335	228,257,664
Net Income	$ 1,492.2	$ 1,556.4	$ 1,199
Less: Dividends on Preferred Stock	46.4	46.4	49.8
Net Income Applicable to Common Stock	1,445.8	1,510	1,149.2
Less: Earnings Allocated to Participating Securities	16.9	20.1	18.8
Earnings Allocated to Common Shares Outstanding	$ 1,428.9	$ 1,489.9	$ 1,130.4
Basic Net Income Per Common Share (in dollars per share)	$ 6.66	$ 6.68	$ 4.95
DILUTED NET INCOME PER COMMON SHARE
Average Number of Common Shares Outstanding (in shares)	214,525,547	223,148,335	228,257,664
Plus Dilutive Effect of Share-based Compensation (in shares)	1,075,602	1,339,991	1,396,737
Average Common and Potential Common Shares (in shares)	215,601,149	224,488,326	229,654,401
Earnings Allocated to Common and Potential Common Shares	$ 1,428.9	$ 1,490	$ 1,130.5
Diluted Net Income Per Common Share (in dollars per share)	$ 6.63	$ 6.64	$ 4.92
Common stock equivalents not included in the computation of diluted earnings per share because their inclusion would have been antidilutive (in shares)	0	0	115,491

Revenue from Contracts with C_3

Revenue from Contracts with Clients (Revenue Disaggregated by Major Source) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Disaggregation of Revenue [Line Items]
Trust, Investment and Other Servicing Fees	$ 3,852.1	$ 3,753.7	$ 3,434.3
Foreign Exchange Trading Income	250.9	307.2	209.9
Treasury Management Fees	44.5	51.8	56.4
Security Commissions and Trading Income	103.6	98.3	89.6
Other Operating Income	145.5	127.5	157.5
Investment Security Gains (Losses), net	(1.4)	(1)	(1.6)
Total Other Noninterest Income	543.1	583.8
Total Noninterest Income	4,395.2	4,337.5	$ 3,946.1
Custody and Fund Administration
Disaggregation of Revenue [Line Items]
Trust, Investment and Other Servicing Fees	1,636.4	1,589.1
Investment Management and Advisory
Disaggregation of Revenue [Line Items]
Trust, Investment and Other Servicing Fees	1,930.6	1,862.6
Securities Lending
Disaggregation of Revenue [Line Items]
Trust, Investment and Other Servicing Fees	87.7	102.8
Other
Disaggregation of Revenue [Line Items]
Trust, Investment and Other Servicing Fees	$ 197.4	$ 199.2

Revenue from Contracts with C_4

Revenue from Contracts with Clients (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Disaggregation of Revenue [Line Items]
Trust, investment and other servicing fees	$ 3,852.1	$ 3,753.7	$ 3,434.3
Security commissions and trading income	103.6	98.3	89.6
Other operating income	145.5	127.5	$ 157.5
Securities Commission and Trading
Disaggregation of Revenue [Line Items]
Trust, investment and other servicing fees	87.1	86.7
Products and Services, Other Operating Income
Disaggregation of Revenue [Line Items]
Trust, investment and other servicing fees	$ 41.8	$ 44

Revenue from Contracts with C_5

Revenue from Contracts with Clients (Client Receivables) (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Disaggregation of Revenue [Line Items]
Total Client Receivables	$ 903	$ 832.6
Trust Fees Receivable, net
Disaggregation of Revenue [Line Items]
Total Client Receivables	801.9	742.5
Other
Disaggregation of Revenue [Line Items]
Total Client Receivables	$ 101.1	$ 90.1

Net Interest Income - Net Inter

Net Interest Income - Net Interest Income (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Interest Income
Loans and Leases	$ 1,153.4	$ 1,098.8	$ 919.1
Securities – Taxable	1,070.7	905.2	594.1
Securities - Non-Taxable	3.8	7	9.8
Interest-Bearing Due from and Deposits with Banks	72.4	70	63.8
Federal Reserve and Other Central Bank Deposits and Other	199.6	240.4	182.6
Total Interest Income	2,499.9	2,321.4	1,769.4
Interest Expense
Deposits	488.9	384.6	182.1
Federal Funds Purchased	25.9	50.3	10.4
Securities Sold under Agreements to Repurchase	6.4	7.8	6
Other Borrowings	181.7	150.1	50.7
Senior Notes	72.6	53.4	46.9
Long-Term Debt	38.3	45	39.2
Floating Rate Capital Debt	8.2	7.5	4.9
Total Interest Expense	822	698.7	340.2
Net Interest Income	$ 1,677.9	$ 1,622.7	$ 1,429.2

Other Operating Income - (Detai

Other Operating Income - (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Components of Other Operating Income [Line Items]
Total Other Operating Income	$ 145.5	$ 127.5	$ 157.5
Loan Service Fees
Components of Other Operating Income [Line Items]
Total Other Operating Income	48	48.9	50.7
Banking Service Fees
Components of Other Operating Income [Line Items]
Total Other Operating Income	45.6	46.4	48.6
Other Income
Components of Other Operating Income [Line Items]
Total Other Operating Income	$ 51.9	$ 32.2	$ 58.2

Other Operating Expense - (Deta

Other Operating Expense - (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Other Income and Expenses [Abstract]
Business Promotion	$ 104.2	$ 98.3	$ 95.4
FDIC Insurance Premiums	9.9	27.4	34.7
Staff Related	42.8	33.6	42.8
Other Intangibles Amortization	16.6	17.4	11.4
Other Expenses	156.3	153.9	147.3
Total Other Operating Expense	$ 329.8	$ 330.6	$ 331.6

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Tax Credit Carryforward [Line Items]
Federal Taxes on Mandatory Deemed Repatriation		$ (16,800,000)
Provision for income taxes	$ 451,900,000	$ 401,400,000	$ 434,900,000
Effective income tax rate reconciliation, percent	23.20%	20.50%
Impact of Tax Cuts and Jobs Act	$ 0	$ (4,800,000)	(53,100,000)
Tax Cuts and Jobs Act, Change in Tax Rate, Deferred Tax Liability, Income Tax Benefit		(12,700,000)
Unrecognized tax benefit	25,300,000	21,900,000	27,700,000	$ 17,200,000
Increase in net income from recognition of unrecognized tax benefits	22,700,000	19,800,000
Increase (decrease) in unrecognized tax benefits	(3,400,000)	5,800,000
Interest and penalties, net of tax, included in the provision (benefit) for income taxes	1,300,000	300,000	100,000
Income tax examination, penalties and interest accrued	8,400,000	9,200,000
Valuation allowance	29,800,000	300,000
Tax Year 2013 through 2016
Tax Credit Carryforward [Line Items]
Provision for income taxes			$ 17,600,000
State and Local Jurisdiction
Tax Credit Carryforward [Line Items]
Net operating loss carryforwards	1,000,000	300,000
Valuation allowance	300,000	$ 300,000
Foreign Tax Authority
Tax Credit Carryforward [Line Items]
Valuation allowance	$ 29,500,000

Income Taxes - Income Taxes (De

Income Taxes - Income Taxes (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Federal Rate	21.00%	21.00%	35.00%
Tax at Statutory Rate	$ 408.3	$ 411.1	$ 571.9
Tax Exempt Income	(11.5)	(6.9)	(9.6)
Foreign Tax Rate Differential	4.6	(7.3)	(50)
Excess Tax Benefit Related to Share-Based Compensation	(17.5)	(16.8)	(31.6)
State Taxes, net	55	66.3	40.7
Impact of Tax Cuts and Jobs Act	0	(4.8)	(53.1)
Change in Accounting Method	0	(24.4)	0
Valuation Allowance	29.5	(0.8)	0.3
Other	(16.5)	(15)	(33.7)
Provision for Income Taxes	$ 451.9	$ 401.4	$ 434.9

Income Taxes - Impact of Tax Cu

Income Taxes - Impact of Tax Cuts and Jobs Act (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Federal Taxes on Mandatory Deemed Repatriation	$ (16.8)
Federal Taxes on Mandatory Deemed Repatriation		$ 150
Impact Related to Federal Deferred Taxes	12.7
Impact Related to Federal Deferred Taxes		(210)
Other Adjustments	(0.7)	6.9
Provision (Benefit) for Income Taxes	$ (4.8)
Provision (Benefit) for Income Taxes		$ (53.1)

Income Taxes - Unrecognized Tax

Income Taxes - Unrecognized Tax Benefits (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Beginning Balance	$ 21.9	$ 27.7	$ 17.2
Additions for Tax Positions Taken in the Current Year	0.9	0.5	9.9
Additions for Tax Positions Taken in Prior Years	4	1.7	6.2
Reductions for Tax Positions Taken in Prior Years	(1.5)	(7.8)	(5.4)
Reductions Resulting from Expiration of Statutes	0	(0.2)	(0.2)
Ending Balance	$ 25.3	$ 21.9	$ 27.7

Income Taxes - Provision for In

Income Taxes - Provision for Income Taxes (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Current Tax Provision:
Federal	$ 216.4	$ 132.8	$ 347.3
State	50.7	95.4	38.3
Non-U.S.	150.5	162.7	125.4
Total	417.6	390.9	511
Deferred Tax Provision:
Federal	16.5	33.8	(96.4)
State	16.5	(13.8)	24.6
Non-U.S.	1.3	(9.5)	(4.3)
Total	34.3	10.5	(76.1)
Provision for Income Taxes	$ 451.9	$ 401.4	$ 434.9

Income Taxes - Tax Charges and

Income Taxes - Tax Charges and Benefits Recorded Directly to Stockholders' Equity (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Tax Effect of Other Comprehensive Income	$ 88.9	$ 25.7	$ (112.4)

Income Taxes - Deferred Tax Lia

Income Taxes - Deferred Tax Liabilities (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Deferred Tax Liabilities:
Lease Financing	$ 36.9	$ 43.3
Software Development	249.4	193.2
Accumulated Depreciation	99.8	129.5
Compensation and Benefits	8.3	10.9
State Taxes, net	66.4	58.9
Other Liabilities	206.7	114.5
Gross Deferred Tax Liabilities	667.5	550.3
Deferred Tax Assets:
Allowance for Credit Losses	26.1	29
Other Assets	147	120.6
Gross Deferred Tax Assets	173.1	149.6
Valuation Reserve	(29.8)	(0.3)
Deferred Tax Assets, net of Valuation Reserve	143.3	149.3
Net Deferred Tax Liabilities	$ 524.2	$ 401

Employee Benefits - Narrative (

Employee Benefits - Narrative (Detail)	12 Months Ended
	Dec. 31, 2019USD ($)Investmentderivative_instrumentAge	Dec. 31, 2018USD ($)derivative_instrument	Dec. 31, 2017USD ($)
Defined Benefit Plan Disclosure [Line Items]
Actuarial Loss (Gain)	$ 256,200,000	$ (131,400,000)
Number of investments held in diversified portfolios | Investment	1
Number of derivatives held by the plan | derivative_instrument	5	4
Expected long-term rate of return on assets	5.25%
Postretirement Health Care, minimum retirement age | Age	55
Postretirement Health Care, minimum service term	15 years
Estimated contribution defined contribution plans	$ 57,600,000	$ 54,400,000	$ 53,400,000
Trust for Benefit of Employees
Defined Benefit Plan Disclosure [Line Items]
Assets related to the pension plan	$ 128,800,000	129,900,000
International Equities
Defined Benefit Plan Disclosure [Line Items]
Target allocation of plan assets	5.00%
Northern Trust Private Equity Funds
Defined Benefit Plan Disclosure [Line Items]
Target allocation of plan assets	2.00%
Northern Trust Hedge Funds
Defined Benefit Plan Disclosure [Line Items]
Target allocation of plan assets	3.00%
Real Estate
Defined Benefit Plan Disclosure [Line Items]
Target allocation of plan assets	3.00%
Global Listed Infrastructure
Defined Benefit Plan Disclosure [Line Items]
Target allocation of plan assets	3.00%
Emerging Market Debt
Defined Benefit Plan Disclosure [Line Items]
Target allocation of plan assets	4.00%
Long Credit Bonds
Defined Benefit Plan Disclosure [Line Items]
Target allocation of plan assets	45.00%
Long Government Bonds
Defined Benefit Plan Disclosure [Line Items]
Target allocation of plan assets	10.00%
Custom Completion
Defined Benefit Plan Disclosure [Line Items]
Target allocation of plan assets	10.00%
Domestic Common Stock
Defined Benefit Plan Disclosure [Line Items]
Target allocation of plan assets	8.00%
Emerging Markets Equity
Defined Benefit Plan Disclosure [Line Items]
Target allocation of plan assets	3.00%
High Yield Bonds
Defined Benefit Plan Disclosure [Line Items]
Target allocation of plan assets	4.00%
Supplemental Plan
Defined Benefit Plan Disclosure [Line Items]
Assets related to the pension plan	$ 0	0
Prior service costs, amortization period (years)	10 years
Actuarial Loss (Gain)	$ 22,000,000	$ (9,700,000)
Weighted average discount rate used in determining the accumulated postretirement benefit obligation	3.37%	4.47%
Other Postretirement Plan
Defined Benefit Plan Disclosure [Line Items]
Actuarial Loss (Gain)	$ 200,000	$ (6,700,000)
Weighted average discount rate used in determining the accumulated postretirement benefit obligation	3.37%	4.47%
Current health care cost trend rate	8.25%
Ultimate health care rate	4.50%
Other Postretirement Plan | Pre-Age 65 Medical and Drug Benefits
Defined Benefit Plan Disclosure [Line Items]
Current health care cost trend rate	6.25%
Pension Plans, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
Assets related to the pension plan	$ 1,601,200,000	$ 1,380,100,000
Contributions made to the pension plan	3,000,000	21,900,000
Pension Plans, Defined Benefit | Northern Trust Private Equity Funds
Defined Benefit Plan Disclosure [Line Items]
Assets related to the pension plan	20,300,000	25,500,000
Pension Plans, Defined Benefit | Northern Trust Hedge Funds
Defined Benefit Plan Disclosure [Line Items]
Assets related to the pension plan	30,200,000	29,200,000
Pension Plans, Defined Benefit | Domestic Common Stock
Defined Benefit Plan Disclosure [Line Items]
Assets related to the pension plan	12,300,000	27,700,000
U.S. Plan | Pension Plans, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
Assets related to the pension plan	1,601,200,000	1,380,100,000	$ 1,506,400,000
Contributions made to the pension plan	$ 0	50,000,000
Prior service costs, amortization period (years)	11 years
Actuarial Loss (Gain)	$ 213,300,000	$ (112,400,000)
Expected long-term rate of return on assets	6.00%	6.00%	6.75%
Weighted average discount rate used in determining the accumulated postretirement benefit obligation	3.37%	4.47%
U.S. Plan | Pension Plans, Defined Benefit | Lower Limit
Defined Benefit Plan Disclosure [Line Items]
Contribution to plan assets	$ 0
U.S. Plan | Pension Plans, Defined Benefit | Upper Limit
Defined Benefit Plan Disclosure [Line Items]
Contribution to plan assets	$ 275,000,000

Employee Benefits - Employee Be

Employee Benefits - Employee Benefit Plan Status (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Pension Plans, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	$ 1,601.2	$ 1,380.1
Supplemental Plan
Defined Benefit Plan Disclosure [Line Items]
Accumulated Benefit Obligation	131.5	120.9
Projected Benefit Obligation	149.2	135.6	$ 144.5
Plan Assets at Fair Value	0	0
Funded Status at end of year	$ (149.2)	$ (135.6)
Weighted-Average Assumptions:
Discount Rates	3.37%	4.47%
Rate of Increase in Compensation Level	4.97%	4.39%
U.S. Plan | Pension Plans, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
Accumulated Benefit Obligation	$ 1,181.9	$ 980.6
Projected Benefit Obligation	1,323.4	1,092	1,209.9
Plan Assets at Fair Value	1,601.2	1,380.1	1,506.4
Funded Status at end of year	$ 277.8	$ 288.1
Weighted-Average Assumptions:
Discount Rates	3.37%	4.47%
Rate of Increase in Compensation Level	4.97%	4.39%
Expected Long-Term Rate of Return on Assets	5.25%	6.00%
Non U.S. Plans | Pension Plans, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
Accumulated Benefit Obligation	$ 204.7	$ 178.4
Projected Benefit Obligation	211.1	183.5	198.3
Plan Assets at Fair Value	190.1	166.7	$ 178.7
Funded Status at end of year	$ (21)	$ (16.8)
Weighted-Average Assumptions:
Discount Rates	1.40%	2.16%
Rate of Increase in Compensation Level	1.50%	1.75%
Expected Long-Term Rate of Return on Assets	1.72%	2.39%

Employee Benefits - Amounts Inc

Employee Benefits - Amounts Included in Accumulated Other Comprehensive Income (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Supplemental Plan
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net Actuarial Loss	$ 82.5	$ 65.8
Prior Service (Benefit) Cost	0.2	0.4
Gross Amount in Accumulated Other Comprehensive Income	82.7	66.2
Income Tax Effect	20.4	16.4
Net Amount in Accumulated Other Comprehensive Income	62.3	49.8
U.S. Plan | Pension Plans, Defined Benefit
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net Actuarial Loss	426.7	435.4
Prior Service (Benefit) Cost	(1)	(1.4)
Gross Amount in Accumulated Other Comprehensive Income	425.7	434
Income Tax Effect	105.7	108.5
Net Amount in Accumulated Other Comprehensive Income	320	325.5
Non U.S. Plans | Pension Plans, Defined Benefit
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net Actuarial Loss	46.5	41.2
Prior Service (Benefit) Cost	3	3.6
Gross Amount in Accumulated Other Comprehensive Income	49.5	44.8
Income Tax Effect	6.2	6
Net Amount in Accumulated Other Comprehensive Income	$ 43.3	$ 38.8

Employee Benefits - Net Periodi

Employee Benefits - Net Periodic Pension Expense (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Weighted-Average Assumptions:
Expected Long-Term Rate of Return on Assets	5.25%
Supplemental Plan
Defined Benefit plan Net periodic benefit cost
Service Cost	$ 4.1	$ 4.3	$ 3.7
Interest Cost	5.8	5.3	5.2
Settlement Expense	0	0	0
Amortization:
Net Actuarial Loss	5.6	7.4	5.7
Prior Service (Benefit) Cost	0.2	0.2	0.2
Net Periodic Pension Expense	$ 15.7	$ 17.2	$ 14.8
Weighted-Average Assumptions:
Discount Rates	4.47%	3.79%	4.46%
Rate of Increase in Compensation Level	4.39%	4.39%	4.39%
U.S. Plan | Pension Plans, Defined Benefit
Defined Benefit plan Net periodic benefit cost
Service Cost	$ 41.6	$ 41.4	$ 38.3
Interest Cost	47.2	44.3	45.9
Expected Return on Plan Assets	(86.9)	(88.2)	(93.8)
Settlement Expense	0	0	0
Amortization:
Net Actuarial Loss	17.2	28.2	19
Prior Service (Benefit) Cost	(0.4)	(0.4)	(0.4)
Net Periodic Pension Expense	$ 18.7	$ 25.3	$ 9
Weighted-Average Assumptions:
Discount Rates	4.47%	3.79%	4.46%
Rate of Increase in Compensation Level	4.39%	4.39%	4.39%
Expected Long-Term Rate of Return on Assets	6.00%	6.00%	6.75%
Non U.S. Plans | Pension Plans, Defined Benefit
Defined Benefit plan Net periodic benefit cost
Service Cost	$ 2	$ 1.7	$ 0.4
Interest Cost	3.9	4	4
Expected Return on Plan Assets	(4.4)	(4.4)	(4.5)
Settlement Expense	0	0.5	1.1
Amortization:
Net Actuarial Loss	0.6	0.9	1.3
Prior Service (Benefit) Cost	0.3	0.2	0.1
Net Periodic Pension Expense	$ 2.4	$ 2.9	$ 2.4
Weighted-Average Assumptions:
Discount Rates	2.16%	2.08%	2.33%
Rate of Increase in Compensation Level	1.75%	1.75%	1.75%
Expected Long-Term Rate of Return on Assets	2.39%	2.61%	3.13%

Employee Benefits - Change in P

Employee Benefits - Change in Projected Benefit Obligation (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Actuarial Loss (Gain)	$ 256.2	$ (131.4)
Supplemental Plan
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Beginning Balance	135.6	144.5
Service Cost	4.1	4.3	$ 3.7
Interest Cost	5.8	5.3	5.2
Employee Contributions	0	0
Plan Amendment	0	0
Actuarial Loss (Gain)	22	(9.7)
Settlement	0	0
Benefits Paid	(18.3)	(8.8)
Foreign Exchange Rate Changes	0	0
Ending Balance	149.2	135.6	144.5
U.S. Plan | Pension Plans, Defined Benefit
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Beginning Balance	1,092	1,209.9
Service Cost	41.6	41.4	38.3
Interest Cost	47.2	44.3	45.9
Employee Contributions	0	0
Plan Amendment	0	0
Actuarial Loss (Gain)	213.3	(112.4)
Settlement	0	0
Benefits Paid	(70.7)	(91.2)
Foreign Exchange Rate Changes	0	0
Ending Balance	1,323.4	1,092	1,209.9
Non U.S. Plans | Pension Plans, Defined Benefit
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Beginning Balance	183.5	198.3
Service Cost	2	1.7	0.4
Interest Cost	3.9	4	4
Employee Contributions	0.6	0.4
Plan Amendment	(0.4)	1.3
Actuarial Loss (Gain)	20.9	(9.3)
Settlement	0	(2.7)
Benefits Paid	(3.6)	(1.1)
Foreign Exchange Rate Changes	4.2	(9.1)
Ending Balance	$ 211.1	$ 183.5	$ 198.3

Employee Benefits - Estimated F

Employee Benefits - Estimated Future Benefit Payments (Detail) $ in Millions	Dec. 31, 2019USD ($)
Supplemental Plan
Schedule of Pension Expected Future Benefit Payments [Line Items]
2020	$ 15
2021	16.7
2022	18.4
2023	20.3
2024	16.2
2025-2029	60.8
U.S. Plan | Pension Plans, Defined Benefit
Schedule of Pension Expected Future Benefit Payments [Line Items]
2020	81
2021	82.9
2022	84.3
2023	91.1
2024	89.6
2025-2029	469.7
Non U.S. Plans | Pension Plans, Defined Benefit
Schedule of Pension Expected Future Benefit Payments [Line Items]
2020	3.9
2021	4.2
2022	4.2
2023	4.6
2024	4.9
2025-2029	$ 29.9

Employee Benefits - Change In_2

Employee Benefits - Change In Plan Assets (Detail) - Pension Plans, Defined Benefit - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair Value at beginning of year	$ 1,380.1
Employer Contributions	3	$ 21.9
Fair Value at end of year	1,601.2	1,380.1
U.S. Plan
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair Value at beginning of year	1,380.1	1,506.4
Actual Return on Assets	291.8	(85.1)
Employer Contributions	0	50
Employee Contributions	0	0
Settlement	0	0
Benefits Paid	(70.7)	(91.2)
Foreign Exchange Rate Changes	0	0
Fair Value at end of year	1,601.2	1,380.1
Non U.S. Plans
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair Value at beginning of year	166.7	178.7
Actual Return on Assets	18.6	(2.3)
Employer Contributions	3.1	2.6
Employee Contributions	0.6	0.4
Settlement	0	(2.7)
Benefits Paid	(3.6)	(1.1)
Foreign Exchange Rate Changes	4.7	(8.9)
Fair Value at end of year	$ 190.1	$ 166.7

Employee Benefits - Fair Value

Employee Benefits - Fair Value of U.S. Pension Plan Assets (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
LEVEL 1
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	$ 0	$ 0
LEVEL 2
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	0.3	2
Pension Plans, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	1,601.2	1,380.1
Pension Plans, Defined Benefit | Domestic Common Stock
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	12.3	27.7
Pension Plans, Defined Benefit | Domestic Corporate Bonds
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	254.6	227.6
Pension Plans, Defined Benefit | Foreign Corporate Bonds
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	45	34.2
Pension Plans, Defined Benefit | U.S. Government Obligations
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	168.3	155.5
Pension Plans, Defined Benefit | Non-U.S. Government Obligations
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	18.8	15.1
Pension Plans, Defined Benefit | Domestic Municipal and Provincial Bonds
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	23.1	22.7
Pension Plans, Defined Benefit | Foreign Municipal and Provincial Bonds
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	0.3	2
Pension Plans, Defined Benefit | Collective Trust Funds
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	866.6	745.8
Pension Plans, Defined Benefit | Mutual Funds
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	112.8	92.4
Pension Plans, Defined Benefit | Exchange Traded Fund
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value		0.1
Pension Plans, Defined Benefit | Northern Trust Private Equity Funds
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	20.3	25.5
Pension Plans, Defined Benefit | Northern Trust Hedge Funds
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	30.2	29.2
Pension Plans, Defined Benefit | Real Estate Funds
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	46.3
Pension Plans, Defined Benefit | Cash and Other
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	2.6	2.3
Pension Plans, Defined Benefit | LEVEL 1
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	127.7	122.5
Pension Plans, Defined Benefit | LEVEL 1 | Domestic Common Stock
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	12.3	27.7
Pension Plans, Defined Benefit | LEVEL 1 | Domestic Corporate Bonds
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	0	0
Pension Plans, Defined Benefit | LEVEL 1 | Foreign Corporate Bonds
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	0	0
Pension Plans, Defined Benefit | LEVEL 1 | U.S. Government Obligations
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	0	0
Pension Plans, Defined Benefit | LEVEL 1 | Non-U.S. Government Obligations
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	0	0
Pension Plans, Defined Benefit | LEVEL 1 | Domestic Municipal and Provincial Bonds
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	0	0
Pension Plans, Defined Benefit | LEVEL 1 | Collective Trust Funds
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	0	0
Pension Plans, Defined Benefit | LEVEL 1 | Mutual Funds
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	112.8	92.4
Pension Plans, Defined Benefit | LEVEL 1 | Exchange Traded Fund
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value		0.1
Pension Plans, Defined Benefit | LEVEL 1 | Northern Trust Private Equity Funds
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	0	0
Pension Plans, Defined Benefit | LEVEL 1 | Northern Trust Hedge Funds
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	0	0
Pension Plans, Defined Benefit | LEVEL 1 | Real Estate Funds
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	0
Pension Plans, Defined Benefit | LEVEL 1 | Cash and Other
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	2.6	2.3
Pension Plans, Defined Benefit | LEVEL 2
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	1,376.7	1,202.9
Pension Plans, Defined Benefit | LEVEL 2 | Domestic Common Stock
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	0	0
Pension Plans, Defined Benefit | LEVEL 2 | Domestic Corporate Bonds
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	254.6	227.6
Pension Plans, Defined Benefit | LEVEL 2 | Foreign Corporate Bonds
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	45	34.2
Pension Plans, Defined Benefit | LEVEL 2 | U.S. Government Obligations
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	168.3	155.5
Pension Plans, Defined Benefit | LEVEL 2 | Non-U.S. Government Obligations
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	18.8	15.1
Pension Plans, Defined Benefit | LEVEL 2 | Domestic Municipal and Provincial Bonds
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	23.1	22.7
Pension Plans, Defined Benefit | LEVEL 2 | Collective Trust Funds
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	866.6	745.8
Pension Plans, Defined Benefit | LEVEL 2 | Mutual Funds
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	0	0
Pension Plans, Defined Benefit | LEVEL 2 | Exchange Traded Fund
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value		0
Pension Plans, Defined Benefit | LEVEL 2 | Northern Trust Private Equity Funds
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	0	0
Pension Plans, Defined Benefit | LEVEL 2 | Northern Trust Hedge Funds
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	0	0
Pension Plans, Defined Benefit | LEVEL 2 | Real Estate Funds
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	0
Pension Plans, Defined Benefit | LEVEL 2 | Cash and Other
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	0	0
Pension Plans, Defined Benefit | LEVEL 3
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	96.8	54.7
Pension Plans, Defined Benefit | LEVEL 3 | Domestic Common Stock
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	0	0
Pension Plans, Defined Benefit | LEVEL 3 | Domestic Corporate Bonds
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	0	0
Pension Plans, Defined Benefit | LEVEL 3 | Foreign Corporate Bonds
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	0	0
Pension Plans, Defined Benefit | LEVEL 3 | U.S. Government Obligations
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	0	0
Pension Plans, Defined Benefit | LEVEL 3 | Non-U.S. Government Obligations
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	0	0
Pension Plans, Defined Benefit | LEVEL 3 | Domestic Municipal and Provincial Bonds
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	0	0
Pension Plans, Defined Benefit | LEVEL 3 | Foreign Municipal and Provincial Bonds
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	0	0
Pension Plans, Defined Benefit | LEVEL 3 | Collective Trust Funds
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	0	0
Pension Plans, Defined Benefit | LEVEL 3 | Mutual Funds
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	0	0
Pension Plans, Defined Benefit | LEVEL 3 | Exchange Traded Fund
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value		0
Pension Plans, Defined Benefit | LEVEL 3 | Northern Trust Private Equity Funds
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	20.3	25.5	$ 29.3
Pension Plans, Defined Benefit | LEVEL 3 | Northern Trust Hedge Funds
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	30.2	29.2	44.6
Pension Plans, Defined Benefit | LEVEL 3 | Real Estate Funds
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	46.3	0	$ 0
Pension Plans, Defined Benefit | LEVEL 3 | Cash and Other
Defined Benefit Plan Disclosure [Line Items]
Plan Assets at Fair Value	$ 0	$ 0

Employee Benefits - Changes in

Employee Benefits - Changes in Level 3 Assets (Detail) - Pension Plans, Defined Benefit - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair Value at beginning of year	$ 1,380.1
Fair Value at end of year	1,601.2	$ 1,380.1
Northern Trust Private Equity Funds
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair Value at beginning of year	25.5
Fair Value at end of year	20.3	25.5
Northern Trust Hedge Funds
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair Value at beginning of year	29.2
Fair Value at end of year	30.2	29.2
Real Estate Funds
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair Value at end of year	46.3
LEVEL 3
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair Value at beginning of year	54.7
Fair Value at end of year	96.8	54.7
LEVEL 3 | Northern Trust Private Equity Funds
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair Value at beginning of year	25.5	29.3
Actual Return on Plan Assets	(2.8)	(1.5)
Realized Gain	7.4	8.7
Purchases	0.1	0.3
Sales	(9.9)	(11.3)
Fair Value at end of year	20.3	25.5
LEVEL 3 | Northern Trust Hedge Funds
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair Value at beginning of year	29.2	44.6
Actual Return on Plan Assets	1.2	(2.7)
Realized Gain	0	2.4
Purchases	0	0
Sales	(0.2)	(15.1)
Fair Value at end of year	30.2	29.2
LEVEL 3 | Real Estate Funds
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair Value at beginning of year	0	0
Actual Return on Plan Assets	0.2	0
Realized Gain	0	0
Purchases	46.1	0
Sales	0	0
Fair Value at end of year	$ 46.3	$ 0

Employee Benefits - Postretirem

Employee Benefits - Postretirement Health Care Plan Status (Detail) - Other Postretirement Plan - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plan Disclosure [Line Items]
Net Postretirement Benefit Obligation	$ 28.8	$ 28.1	$ 34.4
Retirees and Dependents
Defined Benefit Plan Disclosure [Line Items]
Net Postretirement Benefit Obligation	25.2	23.5
Actives Eligible for Benefits
Defined Benefit Plan Disclosure [Line Items]
Net Postretirement Benefit Obligation	$ 3.6	$ 4.6

Employee Benefits - Postretir_2

Employee Benefits - Postretirement Amounts Included in Accumulated Other Comprehensive Income (Detail) - Other Postretirement Plan - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net Actuarial (Gain) Loss	$ (5.4)	$ (6.5)
Prior Service Cost	0	0
Gross Amount in Accumulated Other Comprehensive Income	(5.4)	(6.5)
Income Tax Effect	(1.4)	(2.2)
Net Amount in Accumulated Other Comprehensive Income	$ (4)	$ (4.3)

Employee Benefits - Net Perio_2

Employee Benefits - Net Periodic Postretirement (Benefit) Expense (Detail) - Other Postretirement Plan - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plan Disclosure [Line Items]
Service Cost	$ 0	$ 0	$ 0.1
Interest Cost	1.2	1.3	1.4
Expected Return on Plan Assets	0	0	0
Amortization
Net Gain	(1.1)	0	0
Prior Service Benefit	0	0	0
Net Periodic Pension Expense	$ 0.1	$ 1.3	$ 1.5

Employee Benefits - Change in A

Employee Benefits - Change in Accumulated Postretirement Benefit Obligation (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Actuarial Loss (Gain)	$ 256.2	$ (131.4)
Other Postretirement Plan
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Beginning Balance	28.1	34.4
Service Cost	0	0	$ 0.1
Interest Cost	1.2	1.3	1.4
Actuarial Loss (Gain)	0.2	(6.7)
Net Claims Paid	(0.7)	(0.9)
Ending Balance	$ 28.8	$ 28.1	$ 34.4

Employee Benefits - Postretir_3

Employee Benefits - Postretirement Estimated Future Benefit Payments (Detail) - Other Postretirement Plan $ in Millions	Dec. 31, 2019USD ($)
Schedule of Pension and Other Postretirement Benefits Expected Benefit Payments [Line Items]
2020	$ 2.5
2021	2.4
2022	2.3
2023	2.2
2024	2.1
2025-2029	$ 9.6

Share-Based Compensation Plan_2

Share-Based Compensation Plans - Total Compensation Expense for Share-Based Payment Arrangements to Employees (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total Share-Based Compensation Expense	$ 107.9	$ 130.9	$ 128
Tax Benefits Recognized	26.7	32.5	48.7
Restricted Stock Unit Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total Share-Based Compensation Expense	81.4	96.3	87.3
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total Share-Based Compensation Expense	1.4	2.6	9
Performance Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total Share-Based Compensation Expense	$ 25.1	$ 32	$ 31.7

Share-Based Compensation Plan_3

Share-Based Compensation Plans - Narrative (Detail) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost related to unvested share-based compensation	$ 77.7
Weighted average period of recognition of unvested share-based compensation (in years)	2 years
Share-based compensation expense	$ 107.9	$ 130.9	$ 128
Stock options under the Plan, the 2002 Plan, and the 1992 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period (in shares)	0
Stock options under the Plan, the 2002 Plan, and the 1992 Plan | Upper Limit
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Option maximum term (in years)	10 years
Options vest and become exercisable after the date of grant (in years)	4 years
Stock options under the Plan, the 2002 Plan, and the 1992 Plan | Lower Limit
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of the fair value for options to purchase common stock on the date the options are granted	100.00%
Options vest and become exercisable after the date of grant (in years)	1 year
Performance Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Conversion ratio	1
Number of restricted stock units granted (in shares)	213,044	242,232	231,269
Restricted stock units weighted average grant date fair value (in usd per share)	$ 93	$ 104.72	$ 69.80
Performance based units vesting period	3 years
Shares outstanding (in shares)	667,741	797,531	817,432
Aggregate intrinsic value of options granted	$ 70.9	$ 66.7	$ 81.7
Vesting term of units granted	1 year	1 year	1 year 1 month 6 days
Share-based compensation expense	$ 25.1	$ 32	$ 31.7
Performance Stock Units, Granted 2017, 2018 and 2019 | Upper Limit
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage at which units can vest	150.00%
Performance Stock Units, Granted 2017, 2018 and 2019 | Lower Limit
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage at which units can vest	0.00%
2012 Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of common stock authorized for issuance under the Plan (in shares)	20,000,000
Shares available for future grant under the Plan (in shares)	18,234,658
Non Employee Directors, Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Conversion ratio	1
Total value of stock awards granted	$ 1.3	$ 1.2	$ 1.2
Number of stock units granted (in shares)	14,232	11,363	13,354
Share-based compensation expense	$ 1.4	$ 1.3	$ 1.3
Restricted Stock Unit Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock units granted (in shares)	855,112	815,314	863,308
Restricted stock units weighted average grant date fair value (in usd per share)	$ 91.89	$ 103.74	$ 88.19
Fair value of restricted stock units vested	$ 89.3	$ 66.4	$ 88.7
Restricted Stock Unit Awards | Fourth Anniversary Of Grant Date
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Conversion ratio	1
Percentage at which units can vest	25.00%

Share-Based Compensation Plan_4

Share-Based Compensation Plans - Weighted-Average Assumptions Used for Options Granted (Detail) - Equity Option	12 Months Ended
	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected Term (in Years)	6 years 10 months 24 days
Dividend Yield	1.81%
Expected Volatility	23.20%
Risk-Free Interest Rate	2.11%

Share-Based Compensation Plan_5

Share-Based Compensation Plans - Stock Options Granted, Vested, and Exercised (Detail) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based Payment Arrangement [Abstract]
Weighted Average Grant-Date Per Share Fair Value of Stock Options Granted (in dollars per share)	$ 0	$ 0	$ 19.18
Grant-Date Fair Value of Stock Options Vested	$ 6.6	$ 8.1	$ 7.3
Stock Options Exercised
Intrinsic Value as of Exercise Date	35.4	28.5	74.7
Cash Received	44	32.6	108
Tax Deduction Benefits Realized	$ 35.2	$ 27.7	$ 73.1

Share-Based Compensation Plan_6

Share-Based Compensation Plans - Changes in Nonvested Stock Options (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
SHARES
Nonvested stock options outstanding, at beginning of the year (in shares)	757,738
Granted (in shares)	0
Vested (in shares)	(372,799)
Forfeited or Cancelled (in shares)	0
Nonvested stock options outstanding, at end of the year (in shares)	384,939	757,738
WEIGHTED- AVERAGE GRANT-DATE FAIR VALUE PER SHARE
Nonvested stock options weighted average grant date fair value at beginning of the year (in dollars per share)	$ 17.36
Granted (in dollars per share)	0	$ 0	$ 19.18
Vested (in dollars per share)	17.26
Forfeited or Cancelled (in dollars per share)	0
Nonvested stock options weighted average grant date fair value at end of the year (in dollars per share)	$ 17.45	$ 17.36

Share-Based Compensation Plan_7

Share-Based Compensation Plans - Status of Stock Options and Changes (Detail) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
SHARES
Granted (in shares)	0
Exercised (in shares)	(786,931)	(575,662)	(1,997,362)
Stock options under the Plan, the 2002 Plan, and the 1992 Plan
SHARES
Options Outstanding, at beginning of the year (in shares)	2,481,061
Granted (in shares)	0
Exercised (in shares)	(786,931)
Forfeited, Expired or Cancelled (in shares)	2,806
Options Outstanding, at the end of year (in shares)	1,696,936	2,481,061
Options Exercisable at the end of year (in shares)	1,311,997
Weighted average exercise price per share
Options Outstanding, Beginning Balance (in dollars per share)	$ 61.90
Granted (in dollars per share)	0
Exercised (in dollars per share)	55.91
Forfeited, Expired or Cancelled (in dollars per share)	53.10
Options Outstanding, Ending Balance (in dollars per share)	64.77	$ 61.90
Options Exercisable, at the end of the year (in dollars per share)	$ 61.42
Weighted average remaining contractual term (years)
Options Outstanding, at the end of the year	4 years 1 month 6 days
Options Exercisable, at the end of the year	3 years 9 months 18 days
Aggregate intrinsic value
Options Outstanding, at the end of year	$ 70.4
Options Exercisable at end of the year	$ 58.5

Share-Based Compensation Plan_8

Share-Based Compensation Plans - Outstanding Restricted Stock Unit Awards (Detail) - Restricted Stock Unit Awards - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
NUMBER
Balance at beginning of period (in shares)	3,121,842
Granted (in shares)	855,112
Distributed (in shares)	(1,271,190)
Forfeited (in shares)	(61,002)
Balance at end of period (in shares)	2,644,762
Units Convertible, at the end of year (in shares)	23,435
AGGREGATE INTRINSIC VALUE
AGGREGATE INTRINSIC VALUE	$ 281	$ 261
Units Convertible, at the end of year	$ 2.5

Share-Based Compensation Plan_9

Share-Based Compensation Plans - Nonvested Restricted Stock Unit Awards (Detail) - Restricted Stock Unit Awards - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
NUMBER
Beginning Balance (in shares)	2,977,120
Granted (in shares)	855,112
Vested (in shares)	(1,147,020)
Forfeited (in shares)	(61,002)
Ending Balance (in shares)	2,624,210	2,977,120
WEIGHTED AVERAGE GRANT- DATE FAIR VALUE PER UNIT
Nonvested at beginning of year (in dollars per share)	$ 79.92
Granted (in dollars per share)	91.89
Vested (in dollars per share)	72.17
Forfeited (in dollars per share)	77.64
Nonvested at end of year (in dollars per share)	$ 87.26	$ 79.92
WEIGHTED AVERAGE REMAINING VESTING TERM (YEARS)
WEIGHTED AVERAGE REMAINING VESTING TERM (YEARS)	1 year 8 months 12 days	1 year 10 months 24 days

Cash-Based Compensation Plans -

Cash-Based Compensation Plans - Narrative (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Compensation Related Costs [Abstract]
Cash based compensation expense	$ 326.1	$ 326.5	$ 289.8

Contingent Liabilities - Narrat

Contingent Liabilities - Narrative (Detail) shares in Millions	Sep. 27, 2019USD ($)	Jun. 28, 2018USD ($)	Jun. 30, 2016USD ($)shares	Jun. 30, 2015USD ($)shares	Dec. 31, 2015trust	Dec. 31, 2019USD ($)shares	Dec. 31, 2018USD ($)shares
Loss Contingencies [Line Items]
Accruals recorded for pending litigation or threatened legal actions or regulatory matters						$ 0
Visa Class B
Loss Contingencies [Line Items]
Visa redemption gain			$ 123,100,000	$ 99,900,000
Common stock issued (in shares) | shares			1.1	1
Visa class b common stock shares held (in shares) | shares						4.1	4.1
Remaining visa shares held by Northern Trust, original cost basis						$ 0	$ 0
Northern Trust Fiduciary Services (Guernsey) Limited | Subsidiaries
Loss Contingencies [Line Items]
Number of administrated trusts served as trustee on | trust					2
Lower Limit
Loss Contingencies [Line Items]
Possible loss in future periods in excess of accrual						0
Upper Limit
Loss Contingencies [Line Items]
Possible loss in future periods in excess of accrual						$ 20,000,000
Visa Class B Litigation Case | Visa Inc.
Loss Contingencies [Line Items]
Payment to escrow deposit	$ 300,000,000	$ 600,000,000

Derivative Financial Instrume_3

Derivative Financial Instruments - Narrative (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Derivative [Line Items]
Other comprehensive income (loss), cash flow hedge, gain (loss), before reclassification, after tax		$ 59.7	$ 173
Net foreign exchange contract gains (losses) reclassified from AOCI	$ 0		$ 0	$ 0
Maximum length of time being hedged for exposure to variability in future cash flows of forecasted foreign currency denominated transactions		23 months
Securities Available for Sale
Derivative [Line Items]
Estimated net gain (loss) to be reclassified into earnings within the next twelve months relating to cash flow hedges		$ 0.1
Foreign Currency Denominate
Derivative [Line Items]
Estimated net gain (loss) to be reclassified into earnings within the next twelve months relating to cash flow hedges		2.9
Foreign Currency Denominated Investment Securities
Derivative [Line Items]
Estimated net gain (loss) to be reclassified into earnings within the next twelve months relating to cash flow hedges		$ (2.7)

Derivative Financial Instrume_4

Derivative Financial Instruments - Notional and Fair Value Amounts of Derivative Financial Instruments (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Derivative [Line Items]
NOTIONAL VALUE	$ 310,600.7	$ 301,494.9
ASSET	2,844	1,999.7
Asset, Total Gross Derivative	3,387.7	2,563.5
Less: Asset, Netting	2,338	1,357.1
Derivative Assets	1,049.7	1,206.4
LIABILITY	2,312.4	1,947
Derivative Liabilities	3,313	2,388.4
Less: Liability, Netting	1,618.4	1,796.3
Derivative Liabilities	1,694.6	592.1
Derivatives Designated as Hedging under GAAP
Derivative [Line Items]
NOTIONAL VALUE	9,273.5	11,313.7
ASSET	102.7	336.2
LIABILITY	44.5	96.8
Derivatives Designated as Hedging under GAAP | Fair Value Hedges | Interest Rate Contracts
Derivative [Line Items]
NOTIONAL VALUE	4,538.2	4,590.4
ASSET	20.3	29.8
LIABILITY	20.9	23.3
Derivatives Designated as Hedging under GAAP | Cash Flow Hedges | Foreign Exchange Contracts
Derivative [Line Items]
NOTIONAL VALUE	1,661.5	2,648.2
ASSET	8.5	13.8
LIABILITY	11.5	57.8
Derivatives Designated as Hedging under GAAP | Cash Flow Hedges | Interest Rate Contracts
Derivative [Line Items]
NOTIONAL VALUE	200	600
ASSET	0.2	0.2
LIABILITY	0.2	1.2
Derivatives Designated as Hedging under GAAP | Net Investment Hedges | Foreign Exchange Contracts
Derivative [Line Items]
NOTIONAL VALUE	2,873.8	3,475.1
ASSET	73.7	292.4
LIABILITY	11.9	14.5
Total Derivatives Not Designated as Hedging under GAAP | Fair Value Hedges
Derivative [Line Items]
NOTIONAL VALUE	301,327.2	290,181.2
ASSET	3,285	2,227.3
LIABILITY	3,268.5	2,291.6
Derivatives Not Designated as Hedging under GAAP | Fair Value Hedges
Derivative [Line Items]
NOTIONAL VALUE	816.8	605.6
ASSET	0.9	1.8
LIABILITY	34.1	33
Derivatives Not Designated as Hedging under GAAP | Fair Value Hedges | Foreign Exchange Contracts
Derivative [Line Items]
NOTIONAL VALUE	176.5	122.2
ASSET	0.9	0.5
LIABILITY	0.7	0.2
Derivatives Not Designated as Hedging under GAAP | Fair Value Hedges | Interest Rate Swaps Exchange Cleared
Derivative [Line Items]
NOTIONAL VALUE	640.3	483.4
ASSET	0	1.3
LIABILITY	33.4	32.8
Client-Related and Trading Derivatives | Fair Value Hedges
Derivative [Line Items]
NOTIONAL VALUE	300,510.4	289,575.6
ASSET	3,284.1	2,225.5
LIABILITY	3,234.4	2,258.6
Client-Related and Trading Derivatives | Fair Value Hedges | Foreign Exchange Contracts
Derivative [Line Items]
NOTIONAL VALUE	291,533.6	281,864.4
ASSET	3,151.7	2,159.4
LIABILITY	3,158.1	2,190
Client-Related and Trading Derivatives | Fair Value Hedges | Interest Rate Contracts
Derivative [Line Items]
NOTIONAL VALUE	8,976.8	7,711.2
ASSET	132.4	66.1
LIABILITY	$ 76.3	$ 68.6

Derivative Financial Instrume_5

Derivative Financial Instruments - Location and Amount of Fair Value Hedge Derivative Gains and Losses Recorded in Income (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Interest Income	$ 2,499.9	$ 2,321.4	$ 1,769.4
Interest Expense	822	698.7	340.2
Other Operating Income	145.5	127.5	157.5
Other Operating Expense	329.8	330.6	331.6
INTEREST INCOME
Derivative Instruments, Gain (Loss) [Line Items]
Total gains (losses) recognized on fair value hedges	21.2	17.8	(9.6)
Total gain/(loss) recognized on cash flow hedges	25.9	67.2	19.6
INTEREST EXPENSE
Derivative Instruments, Gain (Loss) [Line Items]
Total gains (losses) recognized on fair value hedges	5.2	7.9	27.7
Total gain/(loss) recognized on cash flow hedges	0	0	0
OTHER OPERATING INCOME
Derivative Instruments, Gain (Loss) [Line Items]
Total gains (losses) recognized on fair value hedges	0	0	0
Total gain/(loss) recognized on cash flow hedges	0.8	3.9	5
OTHER OPERATING EXPENSE
Derivative Instruments, Gain (Loss) [Line Items]
Total gains (losses) recognized on fair value hedges	0	0	0
Total gain/(loss) recognized on cash flow hedges	0	0	(0.1)
Interest Rate Contracts | INTEREST INCOME
Derivative Instruments, Gain (Loss) [Line Items]
Interest Rate Contracts, Recognized on Derivatives	(95.9)	13.9	8.8
Interest Rate Contracts, Recognized on Hedged Items	95.9	(13.9)	(8.8)
Interest Rate Contracts, Amounts Related to Interest Settlements on Derivatives	21.2	17.8	(9.6)
Total gain/(loss) recognized on cash flow hedges	(0.5)	(0.2)	0.3
Interest Rate Contracts | INTEREST EXPENSE
Derivative Instruments, Gain (Loss) [Line Items]
Interest Rate Contracts, Recognized on Derivatives	99.4	(9.5)	(24.3)
Interest Rate Contracts, Recognized on Hedged Items	(99.4)	9.5	24.3
Interest Rate Contracts, Amounts Related to Interest Settlements on Derivatives	5.2	7.9	27.7
Total gain/(loss) recognized on cash flow hedges	0	0	0
Interest Rate Contracts | OTHER OPERATING INCOME
Derivative Instruments, Gain (Loss) [Line Items]
Interest Rate Contracts, Recognized on Derivatives	0	0	0
Interest Rate Contracts, Recognized on Hedged Items	0	0	0
Interest Rate Contracts, Amounts Related to Interest Settlements on Derivatives	0	0	0
Total gain/(loss) recognized on cash flow hedges	0	0	0
Interest Rate Contracts | OTHER OPERATING EXPENSE
Derivative Instruments, Gain (Loss) [Line Items]
Interest Rate Contracts, Recognized on Derivatives	0	0	0
Interest Rate Contracts, Recognized on Hedged Items	0	0	0
Interest Rate Contracts, Amounts Related to Interest Settlements on Derivatives	0	0	0
Total gain/(loss) recognized on cash flow hedges	0	0	0
Foreign Exchange Contracts | INTEREST INCOME
Derivative Instruments, Gain (Loss) [Line Items]
Total gain/(loss) recognized on cash flow hedges	26.4	67.4	19.3
Foreign Exchange Contracts | INTEREST EXPENSE
Derivative Instruments, Gain (Loss) [Line Items]
Total gain/(loss) recognized on cash flow hedges	0	0	0
Foreign Exchange Contracts | OTHER OPERATING INCOME
Derivative Instruments, Gain (Loss) [Line Items]
Total gain/(loss) recognized on cash flow hedges	0.8	3.9	5
Foreign Exchange Contracts | OTHER OPERATING EXPENSE
Derivative Instruments, Gain (Loss) [Line Items]
Total gain/(loss) recognized on cash flow hedges	$ 0	$ 0	$ (0.1)

Derivative Financial Instrume_6

Derivative Financial Instruments - Hedged Items in Fair Value (Detail) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Carrying Value, Available for Sale Debt Securities	$ 2,981,000,000	$ 3,831,600,000
Carrying value, Senior Notes and Long-Term Subordinated Debt	1,748,500,000	1,248,800,000
Carrying value, Total	4,729,500,000	5,080,400,000
Cumulative Hedge Accounting Basis Adjustment, Available for Sale Debt Securities	3,300,000	99,400,000
Cumulative Hedge Accounting Basis Adjustment, Senior Notes and Long-Term Subordinated Debt	126,900,000	29,300,000
Cumulative Hedge Accounting Basis Adjustment, Total	130,200,000	128,700,000
Hedged asset, fair value hedge, discontinued, cumulative increase (decrease)	1,500,000
Hedged liability, fair value hedge, discontinued, cumulative increase (decrease)	$ 0
Hedged asset (liability), fair value hedge, discontinued, cumulative increase (decrease), net		$ 0

Derivative Financial Instrume_7

Derivative Financial Instruments - Location and Amount of Gains and Losses Recorded in Income for Derivatives not Designated as Hedging Under GAAP (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Non-designated risk management derivatives
Derivative Instruments, Gain (Loss) [Line Items]
Total gains (losses) from derivatives not designated as hedging under GAAP	$ (21.6)	$ (23.3)	$ (5.1)
Client-related and trading derivatives
Derivative Instruments, Gain (Loss) [Line Items]
Total gains (losses) from derivatives not designated as hedging under GAAP	263.8	314.9	220.6
Total Derivatives Not Designated as Hedging under GAAP
Derivative Instruments, Gain (Loss) [Line Items]
Total gains (losses) from derivatives not designated as hedging under GAAP	242.2	291.6	215.5
Foreign Exchange Contracts | Other Operating Income | Non-designated risk management derivatives
Derivative Instruments, Gain (Loss) [Line Items]
Total gains (losses) from derivatives not designated as hedging under GAAP	(1.6)	(4.1)	8.2
Foreign Exchange Contracts | Foreign Exchange Trading Income | Client-related and trading derivatives
Derivative Instruments, Gain (Loss) [Line Items]
Total gains (losses) from derivatives not designated as hedging under GAAP	250.9	307.2	209.9
Other Financial Derivatives | Other Operating Income | Non-designated risk management derivatives
Derivative Instruments, Gain (Loss) [Line Items]
Total gains (losses) from derivatives not designated as hedging under GAAP	(20)	(19.2)	(13.3)
Interest Rate Contracts | Security Commissions and Trading Income | Client-related and trading derivatives
Derivative Instruments, Gain (Loss) [Line Items]
Total gains (losses) from derivatives not designated as hedging under GAAP	$ 12.9	$ 7.7	$ 10.7

Offsetting of Assets and Liab_3

Offsetting of Assets and Liabilities - Offsetting of Derivative Assets and Securities Purchased Under Agreements to Resell (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Total Derivatives Subject to a Master Netting Arrangement
GROSS RECOGNIZED ASSETS	$ 2,844	$ 1,999.7
GROSS AMOUNTS OFFSET IN THE BALANCE SHEET	2,338	1,357.1
NET AMOUNTS PRESENTED IN THE BALANCE SHEET	506	642.6
GROSS AMOUNTS NOT OFFSET IN THE BALANCE SHEET	16.5	12.7
Net Amount	489.5	629.9
Total Derivatives Not Subject to a Master Netting Arrangement
Total Derivatives Not Subject to a Master Netting Arrangement	543.7	563.8
GROSS AMOUNTS NOT OFFSET IN THE BALANCE SHEET	0.3	2.7
Net Amount	543.4	561.1
Total Derivatives
GROSS RECOGNIZED ASSETS	3,387.7	2,563.5
Derivative Assets	1,049.7	1,206.4
GROSS AMOUNTS NOT OFFSET IN THE BALANCE SHEET	16.8	15.4
Net Amount	1,032.9	1,191
Securities Purchased under Agreements to Resell
GROSS RECOGNIZED ASSETS	707.8	1,031.2
NET AMOUNTS PRESENTED IN THE BALANCE SHEET	707.8	1,031.2
GROSS AMOUNTS NOT OFFSET IN THE BALANCE SHEET	707.8	1,031.2
Other Assets (excluding Derivative Assets)	7,400	4,600
Federal funds sold	5	134
Foreign Exchange Contracts | Over the Counter Derivative
Total Derivatives Subject to a Master Netting Arrangement
GROSS RECOGNIZED ASSETS	2,691.1	1,902.3
GROSS AMOUNTS OFFSET IN THE BALANCE SHEET	2,334.1	1,308.8
NET AMOUNTS PRESENTED IN THE BALANCE SHEET	357	593.5
GROSS AMOUNTS NOT OFFSET IN THE BALANCE SHEET	16.5	12.7
Net Amount	340.5	580.8
Interest Rate Swaps | Over the Counter Derivative
Total Derivatives Subject to a Master Netting Arrangement
GROSS RECOGNIZED ASSETS	151.9	71.6
GROSS AMOUNTS OFFSET IN THE BALANCE SHEET	3.9	22.6
NET AMOUNTS PRESENTED IN THE BALANCE SHEET	148	49
Net Amount	148	49
Interest Rate Swaps | Interest Rate Swaps Exchange Cleared
Total Derivatives Subject to a Master Netting Arrangement
GROSS RECOGNIZED ASSETS	1	24.5
GROSS AMOUNTS OFFSET IN THE BALANCE SHEET	0	24.4
NET AMOUNTS PRESENTED IN THE BALANCE SHEET	1	0.1
Net Amount	$ 1	0.1
Interest Rate Swaps Exchange Cleared
Total Derivatives Subject to a Master Netting Arrangement
GROSS RECOGNIZED ASSETS		1.3
GROSS AMOUNTS OFFSET IN THE BALANCE SHEET		1.3
NET AMOUNTS PRESENTED IN THE BALANCE SHEET		0
Net Amount		$ 0

Offsetting of Assets and Liab_4

Offsetting of Assets and Liabilities - Offsetting of Derivative Liabilities and of Securities Sold Under Agreements to Repurchase (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Total Derivatives Subject to a Master Netting Arrangement
GROSS RECOGNIZED LIABILITIES	$ 2,312.4	$ 1,947
GROSS AMOUNTS OFFSET IN THE BALANCE SHEET	1,618.4	1,796.3
NET AMOUNTS PRESENTED IN THE BALANCE SHEET	694	150.7
GROSS AMOUNTS NOT OFFSET IN THE BALANCE SHEET	0.1
Net Amount	693.9	150.7
Total Derivatives Not Subject to a Master Netting Arrangement
GROSS RECOGNIZED LIABILITIES	1,000.6	441.4
Total Derivatives Not Subject to a Master Netting Arrangement	0.1
Total Derivatives
GROSS RECOGNIZED LIABILITIES	3,313	2,388.4
Derivative Liabilities	1,694.6	592.1
Net Amount	1,694.5	592.1
Securities Sold under Agreements to Repurchase
GROSS RECOGNIZED LIABILITIES	489.7	168.3
NET AMOUNTS PRESENTED IN THE BALANCE SHEET	489.7	168.3
GROSS AMOUNTS NOT OFFSET IN THE BALANCE SHEET	(489.7)	(168.3)
Other liabilities	3,100	2,500
Foreign Exchange Contracts | Over the Counter Derivative
Total Derivatives Subject to a Master Netting Arrangement
GROSS RECOGNIZED LIABILITIES	2,181.6	1,821
GROSS AMOUNTS OFFSET IN THE BALANCE SHEET	1,548.6	1,751.7
NET AMOUNTS PRESENTED IN THE BALANCE SHEET	633	69.3
GROSS AMOUNTS NOT OFFSET IN THE BALANCE SHEET	0.1
Net Amount	632.9	69.3
Interest Rate Swaps | Over the Counter Derivative
Total Derivatives Subject to a Master Netting Arrangement
GROSS RECOGNIZED LIABILITIES	96.7	68.8
GROSS AMOUNTS OFFSET IN THE BALANCE SHEET	57.3	19
NET AMOUNTS PRESENTED IN THE BALANCE SHEET	39.4	49.8
Net Amount	39.4	49.8
Interest Rate Swaps | Interest Rate Swaps Exchange Cleared
Total Derivatives Subject to a Master Netting Arrangement
GROSS RECOGNIZED LIABILITIES	0.7	24.4
GROSS AMOUNTS OFFSET IN THE BALANCE SHEET	0	24.4
NET AMOUNTS PRESENTED IN THE BALANCE SHEET	0.7	0
Net Amount	0.7	0
Interest Rate Swaps Exchange Cleared
Total Derivatives Subject to a Master Netting Arrangement
Net Amount		31.6
Interest Rate Swaps Exchange Cleared | Interest Rate Swaps Exchange Cleared
Total Derivatives Subject to a Master Netting Arrangement
GROSS RECOGNIZED LIABILITIES	33.4	32.8
GROSS AMOUNTS OFFSET IN THE BALANCE SHEET	12.5	1.2
NET AMOUNTS PRESENTED IN THE BALANCE SHEET	20.9	$ 31.6
Net Amount	$ 20.9

Offsetting of Assets and Liab_5

Offsetting of Assets and Liabilities - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Derivative [Line Items]
Gross amounts not offset in the balance sheet, received from	$ 16.5	$ 12.7
Gross amounts not offset in the balance sheet, deposited	0.1
Aggregate fair value of all derivative instruments with credit-risk-related contingent features that are in a liability position	766.2	324.1
Collateral deposited with derivative counterparties for derivatives instruments with credit-risk-related contingent features that are in a liability position	327.1	316.5
Assets needed for immediate settlement, aggregate fair value	439.1	7.6
Net Investment Hedges
Derivative [Line Items]
Gross amounts not offset in the balance sheet, received from	196.3
Gross amounts not offset in the balance sheet, deposited	$ 2
Cash collateral received from derivative counterparties not offset against derivative assets		27.6
Cash collateral deposited with derivative counterparties not offset against derivative liabilities		$ 91.5

Off-Balance-Sheet Financial I_3

Off-Balance-Sheet Financial Instruments, Guarantees and Other Commitments - Commitments and Letters of Credit (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Legally Binding Commitments to Extend Credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments and letters of credit	$ 24,406.2	$ 25,023
Standby Letters of Credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments and letters of credit	2,416.7	2,486.2
Standby letters of credit, expiring next twelve months	1,400
Standby letters of credit expiring within 1 to 5 years	845.9
Commercial Letters of Credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments and letters of credit	32.3	32.3
Custody Securities Lent with Indemnification
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments and letters of credit	138,085.9	128,904.8
Standby Letters of Credit | Secured by Cash Deposits or Participated to Others
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments and letters of credit	44.5	72.3
Legally Binding Commitments to Extend Credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments, participated to others	$ 243.6	$ 242.3

Off-Balance-Sheet Financial I_4

Off-Balance-Sheet Financial Instruments, Guarantees and Other Commitments - Narrative (Detail) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Minimum collateral maintained against fair value of client securities loaned plus accrued interest	100.00%
Indemnification Agreement
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Securities loaned and subject to indemnification	$ 138,100,000,000	$ 128,900,000,000
Credit loss liability	$ 0

Variable Interest Entities - Na

Variable Interest Entities - Narrative (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Variable Interest Entity [Line Items]
Unfunded commitment related to seed capital investments	$ 0	$ 0
Tax Credit Structures
Variable Interest Entity [Line Items]
Carrying amounts	700,300,000	549,800,000
Exposure to loss from liquidity arrangements and obligations to purchase assets	0
Liabilities related to unfunded commitments	354,300,000	279,500,000
Affordable housing tax credits and other tax benefits	67,400,000	63,000,000
Leveraged Leasing Transactions
Variable Interest Entity [Line Items]
Carrying amounts	42,600,000	56,800,000
Exposure to loss from liquidity arrangements and obligations to purchase assets	$ 0
Leveraged Leasing Transactions | Lower Limit
Variable Interest Entity [Line Items]
Funding of asset's cost via an equity interest	20.00%
Funding of asset's cost via third party non recourse debt holders	70.00%
Leveraged Leasing Transactions | Upper Limit
Variable Interest Entity [Line Items]
Funding of asset's cost via an equity interest	30.00%
Funding of asset's cost via third party non recourse debt holders	80.00%
Other Assets
Variable Interest Entity [Line Items]
Investments in community development projects, carrying amount, assets	$ 749,300,000	602,400,000
Alternative investment	112,000,000	29,200,000
Other Liabilities
Variable Interest Entity [Line Items]
Investments in community development projects, carrying amount, liabilities	$ 376,200,000	$ 321,000,000

Pledged and Restricted Assets -

Pledged and Restricted Assets - Type of Pledged Assets (Details) - USD ($) $ in Billions	Dec. 31, 2019	Dec. 31, 2018
Financial Instruments Owned and Pledged as Collateral [Line Items]
Amount of securities and loans pledged	$ 42.1	$ 39.6
Obligations of States and Political Subdivisions
Financial Instruments Owned and Pledged as Collateral [Line Items]
Amount of securities and loans pledged	1	0.6
Government Sponsored Agency and Other Securities
Financial Instruments Owned and Pledged as Collateral [Line Items]
Amount of securities and loans pledged	33.4	30.9
Loans
Financial Instruments Owned and Pledged as Collateral [Line Items]
Amount of securities and loans pledged	$ 7.7	$ 8.1

Pledged and Restricted Assets_2

Pledged and Restricted Assets - Narrative (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Financial Instruments Owned and Pledged as Collateral [Line Items]
Amount of securities and loans pledged	$ 42,100,000,000	$ 39,600,000,000
Financial instruments owned and pledged as collateral, amount eligible to be repledged by counterparty	487,200,000	151,500,000
Amount of securities repledged or sold collateral	0	0
Average deposits maintained to meet Federal Reserve Bank reserve requirements	1,500,000,000	1,700,000,000
Collateral Requirements
Financial Instruments Owned and Pledged as Collateral [Line Items]
Amount of securities and loans pledged	$ 8,500,000,000	$ 9,300,000,000

Pledged and Restricted Assets_3

Pledged and Restricted Assets - Fair Value of Available for Sale Debt Securities Included In Pledged Assets (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Financial Instruments Owned and Pledged as Collateral [Line Items]
Amount of securities and loans pledged	$ 42,100	$ 39,600
Securities Available for Sale
Financial Instruments Owned and Pledged as Collateral [Line Items]
Amount of securities and loans pledged	487.1	151.5
Repurchase agreements
Financial Instruments Owned and Pledged as Collateral [Line Items]
Amount of securities and loans pledged	$ 14.4	$ 29

Pledged and Restricted Assets_4

Pledged and Restricted Assets - Accepted Collateral (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Customer Securities for which Entity has Right to Sell or Repledge (Including Securities Sold or Repledged) [Line Items]
Fair value of accepted collateral	$ 707.8	$ 426.2
Repurchase agreements
Customer Securities for which Entity has Right to Sell or Repledge (Including Securities Sold or Repledged) [Line Items]
Fair value of accepted collateral	0	605
Derivative contracts
Customer Securities for which Entity has Right to Sell or Repledge (Including Securities Sold or Repledged) [Line Items]
Fair value of accepted collateral	$ 16.8	$ 15.4

Reporting Segments and Relate_3

Reporting Segments and Related Information - Narrative (Detail)	12 Months Ended
	Dec. 31, 2019Segment
Segment Reporting [Abstract]
Number of client-focused reportable segment	2

Reporting Segments and Relate_4

Reporting Segments and Related Information - Earnings Contribution of Northern Trust's Reporting Segments (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Noninterest Income
Trust, Investment and Other Servicing Fees	$ 3,852.1	$ 3,753.7	$ 3,434.3
Foreign Exchange Trading Income	250.9	307.2	209.9
Other Noninterest Income	292.2	276.6	301.9
Total Noninterest Income	4,395.2	4,337.5	3,946.1
Net Interest Income	1,710.7	1,663.9	1,475
Revenue	6,105.9	6,001.4	5,421.1
Provision for Credit Losses	(14.5)	(14.5)	(28)
Noninterest Expense	4,143.5	4,016.9	3,769.4
Income (loss) before Income Taxes	1,976.9	1,999	1,679.7
Provision (benefit) for Income Taxes	484.7	442.6	480.7
Net Income	1,492.2	1,556.4	1,199
Average Assets	117,551.4	122,946.6	119,607.4
Segment reporting information, fully taxable-equivalent adjustment	32.8	41.2	45.8
Corporate and Institutional Services Results of Operations
Noninterest Income
Trust, Investment and Other Servicing Fees	2,211.5	2,173.1	1,984.6
Foreign Exchange Trading Income	232.2	233.4	197.9
Other Noninterest Income	178.2	183	176.1
Total Noninterest Income	2,621.9	2,589.5	2,358.6
Net Interest Income	918.7	992.2	733.8
Revenue	3,540.6	3,581.7	3,092.4
Provision for Credit Losses	1.9	1.9	3.4
Noninterest Expense	2,605.5	2,421.4	2,194.5
Income (loss) before Income Taxes	933.2	1,158.4	894.5
Provision (benefit) for Income Taxes	219.4	255.3	279.5
Net Income	$ 713.8	$ 903.1	$ 615
Percentage of Consolidated Net Income	48.00%	58.00%	51.00%
Average Assets	$ 87,557.1	$ 82,996.5	$ 80,105.6
Wealth Management
Noninterest Income
Trust, Investment and Other Servicing Fees	1,640.6	1,580.6	1,449.7
Foreign Exchange Trading Income	18.7	4.2	3.1
Other Noninterest Income	131.1	102.7	103.9
Total Noninterest Income	1,790.4	1,687.5	1,556.7
Net Interest Income	792	816.5	736.2
Revenue	2,582.4	2,504	2,292.9
Provision for Credit Losses	(16.4)	(16.4)	(31.4)
Noninterest Expense	1,531.6	1,460	1,405.3
Income (loss) before Income Taxes	1,067.2	1,060.4	919
Provision (benefit) for Income Taxes	271.1	262.1	347.2
Net Income	$ 796.1	$ 798.3	$ 571.8
Percentage of Consolidated Net Income	53.00%	51.00%	48.00%
Average Assets	$ 29,994.3	$ 26,163.7	$ 26,599.9
Treasury and Other Results of Operations
Noninterest Income
Total Noninterest Income	(17.1)	60.5	30.8
Net Interest Income	0	(144.8)	5
Revenue	(17.1)	(84.3)	35.8
Noninterest Expense	6.4	135.5	169.6
Income (loss) before Income Taxes	(23.5)	(219.8)	(133.8)
Provision (benefit) for Income Taxes	(5.8)	(74.8)	(146)
Net Income	$ (17.7)	$ (145)	$ 12.2
Percentage of Consolidated Net Income	(1.00%)	(9.00%)	1.00%
Average Assets	$ 0	$ 13,786.4	$ 12,901.9

Reporting Segments and Relate_5

Reporting Segments and Related Information - Distribution of Total Assets and Operating Performance (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
TOTAL ASSETS	$ 136,828.4	$ 132,212.5	$ 138,590.5
TOTAL REVENUE	6,073.1	5,960.2	5,375.3
INCOME BEFORE INCOME TAXES	1,944.1	1,957.8	1,633.9
Net Income	1,492.2	1,556.4	1,199
Non-U.S.
Segment Reporting Information [Line Items]
TOTAL ASSETS	27,888.6	32,712.9	30,325.3
TOTAL REVENUE	1,889.5	2,018.1	1,709.7
INCOME BEFORE INCOME TAXES	600	786.4	613.5
Net Income	451	625.7	430
U.S.
Segment Reporting Information [Line Items]
TOTAL ASSETS	108,939.8	99,499.6	108,265.2
TOTAL REVENUE	4,183.6	3,942.1	3,665.6
INCOME BEFORE INCOME TAXES	1,344.1	1,171.4	1,020.4
Net Income	$ 1,041.2	$ 930.7	$ 769

Regulatory Capital Requiremen_3

Regulatory Capital Requirements - Risk-Based Capital Amounts and Ratios (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Supplementary Leverage Capital [Abstract]
Supplementary leverage, risk based capital required to be well capitalized to risk weighted assets	3.00%
STANDARDIZED APPROACH | Parent Company
Tier 1 Capital
BALANCE	$ 10,152	$ 9,596.7
RATIO	14.50%	14.10%
Minimum to qualify as well-capitalized balance	$ 4,205.3	$ 4,070.2
Minimum to qualify as well-capitalized ratio	6.00%	6.00%
Total Capital
BALANCE	$ 11,456.7	$ 10,942
RATIO	16.30%	16.10%
Minimum to qualify as well-capitalized balance	$ 7,008.8	$ 6,783.7
Minimum to qualify as well-capitalized ratio		10.00%
Leverage (Tier 1 Capital to Adjusted Average Fourth Quarter Assets)
BALANCE	$ 10,152	$ 9,596.7
RATIO	8.70%	8.00%
STANDARDIZED APPROACH | Parent Company | Common Stock
Tier 1 Capital
BALANCE	$ 8,898.7	$ 8,729.8
RATIO	12.70%	12.90%
STANDARDIZED APPROACH | The Northern Trust Company
Tier 1 Capital
BALANCE	$ 8,476	$ 8,722.5
RATIO	12.30%	13.10%
Minimum to qualify as well-capitalized balance	$ 5,504	$ 5,336.4
Minimum to qualify as well-capitalized ratio	8.00%	8.00%
Total Capital
BALANCE	$ 9,610.4	$ 9,870.7
RATIO	14.00%	14.80%
Minimum to qualify as well-capitalized balance	$ 6,880.1	$ 6,670.6
Minimum to qualify as well-capitalized ratio	10.00%	10.00%
Leverage (Tier 1 Capital to Adjusted Average Fourth Quarter Assets)
BALANCE	$ 8,476	$ 8,722.5
RATIO	7.30%	7.30%
Minimum to qualify as well-capitalized balance	$ 5,835.4	$ 5,998.6
Minimum to qualify as well-capitalized ratio	5.00%	5.00%
STANDARDIZED APPROACH | The Northern Trust Company | Common Stock
Tier 1 Capital
BALANCE	$ 8,476	$ 8,722.5
RATIO	12.30%	13.10%
Minimum to qualify as well-capitalized balance	$ 4,472	$ 4,335.9
Minimum to qualify as well-capitalized ratio	6.50%	6.50%
ADVANCED APPROACH | Parent Company
Tier 1 Capital
BALANCE	$ 10,152	$ 9,596.7
RATIO	15.00%	15.00%
Minimum to qualify as well-capitalized balance	$ 4,051.6	$ 3,834.9
Minimum to qualify as well-capitalized ratio	6.00%	6.00%
Total Capital
BALANCE	$ 11,332.3	$ 10,803.8
RATIO	16.80%	16.90%
Minimum to qualify as well-capitalized balance	$ 6,752.7	$ 6,391.5
Minimum to qualify as well-capitalized ratio		10.00%
Leverage (Tier 1 Capital to Adjusted Average Fourth Quarter Assets)
BALANCE	$ 10,152	$ 9,596.7
RATIO	8.70%	8.00%
Supplementary Leverage Capital [Abstract]
Supplementary leverage capital	$ 10,152	$ 9,596.7
Supplementary leverage capital to average assets	7.60%	7.00%
ADVANCED APPROACH | Parent Company | Common Stock
Tier 1 Capital
BALANCE		$ 8,729.8
RATIO	13.20%	13.70%
ADVANCED APPROACH | The Northern Trust Company
Tier 1 Capital
BALANCE	$ 8,476	$ 8,722.5
RATIO	13.00%	14.10%
Minimum to qualify as well-capitalized balance	$ 5,206.2	$ 4,932.2
Minimum to qualify as well-capitalized ratio	8.00%	8.00%
Total Capital
BALANCE	$ 9,486	$ 9,732.5
RATIO	14.60%	15.80%
Minimum to qualify as well-capitalized balance	$ 6,507.7	$ 6,165.3
Minimum to qualify as well-capitalized ratio	10.00%	10.00%
Leverage (Tier 1 Capital to Adjusted Average Fourth Quarter Assets)
BALANCE	$ 8,476	$ 8,722.5
RATIO	7.30%	7.30%
Minimum to qualify as well-capitalized balance	$ 5,835.4	$ 5,998.6
Minimum to qualify as well-capitalized ratio	5.00%	5.00%
Supplementary Leverage Capital [Abstract]
Supplementary leverage capital	$ 8,476	$ 8,722.5
Supplementary leverage capital to average assets	6.40%	6.40%
Supplementary leverage capital required to be well capitalized	$ 3,983.6	$ 4,077.2
Supplementary Leverage Ratio	3.00%	3.00%
ADVANCED APPROACH | The Northern Trust Company | Common Stock
Tier 1 Capital
BALANCE	$ 8,476	$ 8,722.5
RATIO	13.00%	14.10%
Minimum to qualify as well-capitalized balance	$ 4,230	$ 4,007.4
Minimum to qualify as well-capitalized ratio	6.50%	6.50%
ADVANCED APPROACH | The Northern Trust Company | Parent Company
Tier 1 Capital
BALANCE	$ 8,898.7

Northern Trust Corporation (C_3

Northern Trust Corporation (Corporation only) - Condensed Balance Sheet (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
ASSETS
Cash on Deposit with Subsidiary Bank	$ 4,459.2	$ 4,581.6
Other Assets	8,401.3	5,757.2
Total Assets	136,828.4	132,212.5	$ 138,590.5
LIABILITIES
Senior Notes	2,573	2,011.3
Floating Rate Capital Debt	277.7	277.6
Other Liabilities	4,830.6	3,141.9
Total Liabilities	125,737.4	121,704.2
STOCKHOLDERS’ EQUITY
Common Stock	408.6	408.6
Additional Paid-In Capital	1,013.1	1,068.5
Retained Earnings	11,656.7	10,776.8
Accumulated Other Comprehensive Loss	(194.7)	(453.7)
Treasury Stock	(3,066.1)	(2,173.9)
Total Stockholders’ Equity	11,091	10,508.3	10,216.2	$ 9,770.4
Total Liabilities and Stockholders’ Equity	136,828.4	132,212.5
Parent Company
ASSETS
Cash on Deposit with Subsidiary Bank	2,559.1	866.8	$ 1,002.5	$ 757
Other Assets	1,444.7	803.1
Total Assets	15,886.6	14,348
LIABILITIES
Senior Notes	2,573	2,011.3
Long-Term Debt	1,148.1	1,112.4
Floating Rate Capital Debt	277.7	277.6
Other Liabilities	796.8	438.5
Total Liabilities	4,795.6	3,839.8
STOCKHOLDERS’ EQUITY
Preferred Stock	1,273.4	882
Common Stock	408.6	408.6
Additional Paid-In Capital	1,013.1	1,068.4
Retained Earnings	11,656.7	10,776.8
Accumulated Other Comprehensive Loss	(194.7)	(453.7)
Treasury Stock	(3,066.1)	(2,173.9)
Total Stockholders’ Equity	11,091	10,508.2
Total Liabilities and Stockholders’ Equity	15,886.6	14,348
Parent Company | Banks Industry
ASSETS
Advances to Wholly-Owned Subsidiaries	2,370	2,910
Investments in Wholly-Owned Subsidiaries	9,349.8	9,585.2
Parent Company | Nonbank Subsidiaries
ASSETS
Investments in Wholly-Owned Subsidiaries	$ 163	$ 182.9

Northern Trust Corporation (C_4

Northern Trust Corporation (Corporation only) - Condensed Statement of Income (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
OPERATING INCOME
Total Operating Income	$ 6,073.1	$ 5,960.2	$ 5,375.3
OPERATING EXPENSES
Interest Expense	822	698.7	340.2
Other Operating Expenses	329.8	330.6	331.6
Total Noninterest Expense	4,143.5	4,016.9	3,769.4
Benefit for Income Taxes	(451.9)	(401.4)	(434.9)
NET INCOME	1,492.2	1,556.4	1,199
Preferred Stock Dividends	46.4	46.4	49.8
Net Income Applicable to Common Stock	1,445.8	1,510	1,149.2
Parent Company
OPERATING INCOME
Intercompany Interest and Other Charges	115.1	91.9	58.2
Interest and Other Income	20.2	(8.7)	18.1
Total Operating Income	2,159.8	1,284.1	601.3
OPERATING EXPENSES
Interest Expense	121.6	97.3	76.5
Other Operating Expenses	28.6	17	25.9
Total Noninterest Expense	150.2	114.3	102.4
Income before Income Taxes and Equity in Undistributed Net Income of Subsidiaries	2,009.6	1,169.8	498.9
Benefit for Income Taxes	24.3	24.6	43.7
Income before Equity in Undistributed Net Income of Subsidiaries	2,033.9	1,194.4	542.6
Equity in Undistributed Net Income of Subsidiaries	(541.7)	362	656.4
NET INCOME	1,492.2	1,556.4	1,199
Preferred Stock Dividends	46.4	46.4	49.8
Net Income Applicable to Common Stock	1,445.8	1,510	1,149.2
Banks Industry | Parent Company
OPERATING INCOME
Dividends from Subsidiaries	2,024.1	1,200.9	525
OPERATING EXPENSES
Equity in Undistributed Net Income of Subsidiaries	(559.9)	336.7	632.6
Nonbank Subsidiaries | Parent Company
OPERATING INCOME
Dividends from Subsidiaries	0.4	0	0
OPERATING EXPENSES
Equity in Undistributed Net Income of Subsidiaries	$ 18.2	$ 25.3	$ 23.8

Northern Trust Corporation (C_5

Northern Trust Corporation (Corporation only) - Condensed Statement of Cash Flows (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
OPERATING ACTIVITIES:
Net Income	$ 1,492.2	$ 1,556.4	$ 1,199
Adjustments to Reconcile Net Income to Net Cash Provided by (Used in) Operating Activities:
Change in Accrued Income Taxes	(70.7)	(130)	36.2
Other Operating Activities, net	(448.2)	729.9	(302.1)
Net Cash Provided by Operating Activities	2,592	1,767.5	1,720.4
INVESTING ACTIVITIES:
Proceeds from Sale, Maturity and Redemption of Debt Securities – Available for Sale	11,057.2	8,958.7	10,103.4
Acquisition of a Business, Net of Cash Received	(10.5)	(104.2)	(188.5)
Other Investing Activities, net	225.1	(873.6)	25.8
Net Cash (Used in) Provided by Investing Activities	(3,405)	4,327.1	(14,021.6)
FINANCING ACTIVITIES:
Proceeds from Issuance of Preferred Stock - Series E	392.5	0	0
Treasury Stock Purchased	(1,100.2)	(924.3)	(523.1)
Net Proceeds from Stock Options	44	32.6	108
Cash Dividends Paid on Common Stock	(529.7)	(405.4)	(356.8)
Cash Dividends Paid on Preferred Stock	(46.4)	(46.4)	(49.8)
Other Financing Activities, net	(1)	1.1	0.1
Net Cash Provided by (Used In) Financing Activities	615.9	(5,818.2)	11,252.7
Cash and Due from Banks at Beginning of Year	4,581.6
Cash and Due from Banks at End of Year	4,459.2	4,581.6
Parent Company
OPERATING ACTIVITIES:
Net Income	1,492.2	1,556.4	1,199
Adjustments to Reconcile Net Income to Net Cash Provided by (Used in) Operating Activities:
Equity in Undistributed Net Income of Subsidiaries	541.7	(362)	(656.4)
Change in Prepaid Expenses	(400.4)	(0.6)	(0.3)
Change in Accrued Income Taxes	114.1	(141.8)	17.2
Other Operating Activities, net	141.9	125.6	55.7
Net Cash Provided by Operating Activities	1,889.5	1,177.6	615.2
INVESTING ACTIVITIES:
Proceeds from Sale, Maturity and Redemption of Debt Securities – Available for Sale	0	1	0
Advances to Wholly-Owned Subsidiaries	540	(436.5)	100
Acquisition of a Business, Net of Cash Received	0	(31.2)	0
Other Investing Activities, net	3.7	(3.1)	1.9
Net Cash (Used in) Provided by Investing Activities	543.7	(469.8)	101.9
FINANCING ACTIVITIES:
Proceeds from Senior Notes	498	497.9	350
Proceeds from Issuance of Preferred Stock - Series E	391.4	0	0
Treasury Stock Purchased	(1,100.2)	(924.3)	(523.1)
Net Proceeds from Stock Options	44	32.6	108
Cash Dividends Paid on Common Stock	(529.7)	(405.4)	(356.8)
Cash Dividends Paid on Preferred Stock	(46.4)	(46.4)	(49.8)
Other Financing Activities, net	2	2.1	0.1
Net Cash Provided by (Used In) Financing Activities	(740.9)	(843.5)	(471.6)
Change in Cash and Due from Banks	1,692.3	(135.7)	245.5
Cash and Due from Banks at Beginning of Year	866.8	1,002.5	757
Cash and Due from Banks at End of Year	$ 2,559.1	$ 866.8	$ 1,002.5

Uncategorized Items - a201910-k

Label	Element	Value
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (4,500,000)
Additional Paid-in Capital [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (4,500,000)