Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Intangible assets consisted of the following:

At December 31 (Dollars in Millions)	2024		2023
Goodwill	$	12,536	$	12,489
Core deposit benefits	1,702		2,134
Mortgage servicing rights	3,369		3,377
Other identified intangibles	476		573
Total	$	18,083	$	18,573

Aggregate Amortization Expense

Aggregate amortization expense consisted of the following:

Year Ended December 31 (Dollars in Millions)	2024		2023		2022
Core deposit benefits	$	432	$	481	$	53
Other identified intangibles	137		155		162
Total	$	569	$	636	$	215

Estimated Amortization Expense

The estimated amortization expense for the next five years is as follows:

(Dollars in Millions)
2025	$	489
2026	422
2027	353
2028	290
2029	223

Changes in Carrying Value of Goodwill

The following table reflects the changes in the carrying value of goodwill for the years ended December 31, 2024, 2023 and 2022:

(Dollars in Millions)	Wealth, Corporate, Commercial and Institutional Banking		Consumer and Business Banking		Payment Services		Treasury and Corporate Support		Consolidated Company
Balance at December 31, 2021	$	3,673	$	3,245	$	3,344	$	—	$	10,262
Goodwill acquired	918		1,220		11		—		2,149
Foreign exchange translation and other	(2)		—		(36)		—		(38)
Balance at December 31, 2022	$	4,589	$	4,465	$	3,319	$	—	$	12,373
Goodwill acquired	235		(139)		—		—		96
Foreign exchange translation and other	1		—		19		—		20
Balance at December 31, 2023	$	4,825	$	4,326	$	3,338	$	—	$	12,489
Goodwill acquired	—		—		80		—		80
Foreign exchange translation and other	(2)		—		(31)		—		(33)
Balance at December 31, 2024	$	4,823	$	4,326	$	3,387	$	—	$	12,536