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Goodwill (Tables)
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill Activity

Goodwill activity during 2023 and 2022 was as follows:

(in millions)

 

2023

 

 

2022

 

Beginning of year balance

 

$

15,341

 

 

$

15,351

 

Acquisitions(1)

 

 

184

 

 

 

 

Other

 

 

(1

)

 

 

(10

)

End of year balance

 

$

15,524

 

 

$

15,341

 

(1)
Amount represents goodwill in connection with the Kreos Transaction. The Company believes this acquisition will add to the Company's position as a leading global credit asset manager and advance its ambitions to provide clients with a diverse range of private market investment products and solutions. Total consideration for the transaction was approximately $250 million, which included contingent consideration.