Goodwill and Other Intangibles

3 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill. Changes by reporting segment in the carrying amount of goodwill for the three months ended March 31, 2020, including the effect of foreign exchange rates on non-U.S.-dollar denominated balances, were as follows:

TABLE 53: GOODWILL BY REPORTING SEGMENT



(In Millions)	CORPORATE AND INSTITUTIONAL SERVICES			WEALTH MANAGEMENT			TOTAL
Balance at December 31, 2019	$	625.7		$	71.1		$	696.8
Foreign Exchange Rates	(7.4		)	(0.1		)	(7.5		)
Balance at March 31, 2020	$	618.3		$	71.0		$	689.3

Other Intangible Assets Subject to Amortization. The gross carrying amount and accumulated amortization of other intangible assets subject to amortization as of March 31, 2020 and December 31, 2019 were as follows:

TABLE 54: OTHER INTANGIBLE ASSETS



(In Millions)	MARCH 31, 2020		DECEMBER 31, 2019
Gross Carrying Amount	$	204.3	$	207.2
Less: Accumulated Amortization	89.7		86.6
Net Book Value	$	114.6	$	120.6

Other intangible assets consist primarily of the value of acquired client relationships and are included within Other Assets on the consolidated balance sheets. Amortization expense related to other intangible assets totaled $4.1 million for the three months ended March 31, 2020, and $4.2 million for the three months ended March 31, 2019. Amortization for the remainder of 2020 and for the years 2021, 2022, 2023, and 2024 is estimated to be $12.3 million, $14.1 million, $9.6 million, $9.3 million, and $9.2 million, respectively.