Goodwill and Other Intangibles (Tables)

9 Months Ended

Sep. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill by Reporting Segment

Changes by reporting segment in the carrying amount of Goodwill for the nine months ended September 30, 2024, including the effect of foreign exchange rates on non-U.S. dollar denominated balances, were as follows.

TABLE 58: GOODWILL

(In Millions)	ASSET SERVICING		WEALTH MANAGEMENT		TOTAL
Balance at December 31, 2023	$	621.9	$	80.4	$	702.3
Foreign Exchange Rates	5.5		—		5.5
Balance at September 30, 2024	$	627.4	$	80.4	$	707.8

Other Intangible Assets

The gross carrying amount and accumulated amortization of other intangible assets subject to amortization as of September 30, 2024 and December 31, 2023 were as follows.

TABLE 59: OTHER INTANGIBLE ASSETS

(In Millions)	SEPTEMBER 30, 2024		DECEMBER 31, 2023
Gross Carrying Amount	$	136.0	$	135.0
Less: Accumulated Amortization	71.1		63.4
Net Book Value	$	64.9	$	71.6

The gross carrying amount and accumulated amortization of capitalized software as of September 30, 2024 and December 31, 2023 were as follows.

TABLE 60: CAPITALIZED SOFTWARE

(In Millions)	SEPTEMBER 30, 2024		DECEMBER 31, 2023
Gross Carrying Amount	$	4,256.2	$	3,781.7
Less: Accumulated Amortization	2,197.4		1,754.2
Net Book Value	$	2,058.8	$	2,027.5