v3.25.2
Offsetting of Assets and Liabilities (Tables)
 6 Months Ended
Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Offsetting of Derivative Assets and Securities Purchased Under Agreements to Resell
The following table provides information regarding the offsetting of derivative assets and securities purchased under agreements to resell within the consolidated balance sheets as of June 30, 2025 and December 31, 2024.
TABLE 77: OFFSETTING OF DERIVATIVE ASSETS AND SECURITIES PURCHASED UNDER AGREEMENTS TO RESELL
JUNE 30, 2025
(In Millions)GROSS RECOGNIZED ASSETS
GROSS AMOUNTS OFFSET IN THE BALANCE SHEET(3)
NET AMOUNTS PRESENTED IN THE BALANCE SHEET
GROSS AMOUNTS NOT OFFSET IN THE BALANCE SHEET(4)
NET AMOUNT(5)
Derivative Assets(1)
Foreign Exchange Contracts Over the Counter (OTC)$3,233.2 $3,074.7 $158.5 $5.3 $153.2 
Interest Rate Swaps OTC369.4 100.8 268.6 — 268.6 
Total Derivatives Subject to a Master Netting Arrangement3,602.6 3,175.5 427.1 5.3 421.8 
Total Derivatives Not Subject to a Master Netting Arrangement463.9 — 463.9 — 463.9 
Total Derivatives4,066.5 3,175.5 891.0 5.3 885.7 
Securities Purchased under Agreements to Resell(2)
$65,773.1 $64,851.2 $921.9 $921.9 $— 
DECEMBER 31, 2024
(In Millions)GROSS RECOGNIZED ASSETS
GROSS AMOUNTS OFFSET IN THE BALANCE SHEET(3)
NET AMOUNTS PRESENTED IN THE BALANCE SHEET
GROSS AMOUNTS NOT OFFSET IN THE BALANCE SHEET(4)
NET AMOUNT(5)
Derivative Assets(1)
Foreign Exchange Contracts OTC$3,801.6 $1,745.2 $2,056.4 $23.6 $2,032.8 
Interest Rate Swaps OTC359.3 165.2 194.1 — 194.1 
Interest Rate Swaps Exchange Cleared1.9 — 1.9 — 1.9 
Total Derivatives Subject to a Master Netting Arrangement4,162.8 1,910.4 2,252.4 23.6 2,228.8 
Total Derivatives Not Subject to a Master Netting Arrangement1,195.7 — 1,195.7 — 1,195.7 
Total Derivatives5,358.5 1,910.4 3,448.1 23.6 3,424.5 
Securities Purchased under Agreements to Resell(2)
$65,338.8 $64,912.8 $426.0 $426.0 $— 
(1)Derivative assets are reported in Other Assets on the consolidated balance sheets.
(2)Offsetting of Securities Purchased under Agreements to Resell primarily relates to our involvement in the FICC.
(3)Including cash collateral received from counterparties.
(4)Including financial assets accepted as collateral which are received from counterparties.
(5)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 June 30, 2025 and December 31, 2024.
Offsetting of Derivative Liabilities and Securities Sold Under Agreements to Repurchase
The following table provides information regarding the offsetting of derivative liabilities and securities sold under agreements to repurchase within the consolidated balance sheets as of June 30, 2025 and December 31, 2024.
TABLE 78: OFFSETTING OF DERIVATIVE LIABILITIES AND SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE
JUNE 30, 2025
(In Millions)GROSS RECOGNIZED LIABILITIES
GROSS AMOUNTS OFFSET IN THE BALANCE SHEET(3)
NET AMOUNTS PRESENTED IN THE BALANCE SHEET
GROSS AMOUNTS NOT OFFSET IN THE BALANCE SHEET(4)
NET AMOUNT(5)
Derivative Liabilities(1)
Foreign Exchange Contracts OTC$2,844.8 $2,353.8 $491.0 $— $491.0 
Interest Rate Swaps OTC402.6 5.4 397.2 — 397.2 
Other Financial Derivatives22.8 21.5 1.3 — 1.3 
Total Derivatives Subject to a Master Netting Arrangement3,270.2 2,380.7 889.5 — 889.5 
Total Derivatives Not Subject to a Master Netting Arrangement1,267.5 — 1,267.5 — 1,267.5 
Total Derivatives4,537.7 2,380.7 2,157.0 — 2,157.0 
Securities Sold under Agreements to Repurchase(2)
$65,692.6 $64,851.2 $841.4 $841.4 $— 
DECEMBER 31, 2024
(In Millions)GROSS RECOGNIZED LIABILITIES
GROSS AMOUNTS OFFSET IN THE BALANCE SHEET(3)
NET AMOUNTS PRESENTED IN THE BALANCE SHEET
GROSS AMOUNTS NOT OFFSET IN THE BALANCE SHEET(4)
NET AMOUNT(5)
Derivative Liabilities(1)
Foreign Exchange Contracts OTC$4,392.7 $4,197.3 $195.4 $— $195.4 
Interest Rate Swaps OTC421.2 2.3 418.9 — 418.9 
Interest Rate Swaps Exchange Cleared0.2 — 0.2 — 0.2 
Other Financial Derivatives27.2 — 27.2 — 27.2 
Total Derivatives Subject to a Master Netting Arrangement4,841.3 4,199.6 641.7 — 641.7 
Total Derivatives Not Subject to a Master Netting Arrangement317.1 — 317.1 — 317.1 
Total Derivatives5,158.4 4,199.6 958.8 — 958.8 
Securities Sold under Agreements to Repurchase(2)
$65,374.8 $64,912.8 $462.0 $462.0 $— 
(1)Derivative liabilities are reported in Other Liabilities on the consolidated balance sheets.
(2)Offsetting of Securities Sold under Agreements to Repurchase primarily relates to our involvement in the FICC.
(3)Including cash collateral deposited with counterparties.
(4)Including financial assets accepted as collateral which are deposited with counterparties.
(5)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 June 30, 2025 and December 31, 2024.