Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The changes in goodwill were as follows for the years ended December 31, 2022 and December 31, 2021:

(Dollars in millions)	Goodwill
Beginning balance at December 31, 2020	$	143
Acquisitions (1)	232
Ending balance at December 31, 2021	$	375
Acquisitions	—
Impairment	—
Ending balance at December 31, 2022	$	375

(1)Goodwill was recognized for the acquisitions of Boston Private effective July 1, 2021 and MoffettNathanson LLC effective December 10, 2021.

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination

The following table presents the gross carrying amount and accumulated amortization of other intangible assets as of December 31, 2022, and December 31, 2021:

	December 31, 2022						December 31, 2021
(Dollars in millions)	Gross Amount		Accumulated Amortization		Net Carrying Amount		Gross Amount		Accumulated Amortization		Net Carrying Amount
Other intangible assets:
Customer relationships	$	135	$	30	$	105	$	135	$	16	$	119
Other	57		26		31		57		16		41
Total other intangible assets, net	$	192	$	56	$	136	$	192	$	32	$	160

Finite-lived Intangible Assets Amortization Expense

Amortization expense recognized on intangible assets was $24 million, $15 million and $5 million for the years ended 2022, 2021 and 2020. Assuming no future impairments of other intangible assets or additional acquisitions or dispositions, the following table presents the Company's future expected amortization expense for other intangible assets that will continue to be amortized as of December 31, 2022:

Years ended December 31, (Dollars in millions)	Other Intangible Assets
2023	$	22
2024	20
2025	17
2026	15
2027	12
2028 and thereafter	50
Total future amortization expense	$	136