Goodwill and Other Intangibles (Tables)

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Changes by Reporting Segment in Carrying Amounts of Goodwill

Changes by reporting segment in the carrying amount of Goodwill for the years ended December 31, 2024 and 2023, including the effect of foreign exchange rates on non-U.S.-dollar denominated balances, were as follows.

TABLE 73: GOODWILL

(In Millions)	ASSET SERVICING		WEALTH MANAGEMENT		TOTAL
Balance at December 31, 2022	$	611.0	$	80.3	$	691.3
Foreign Exchange Rates	10.9		0.1		11.0
Balance at December 31, 2023	$	621.9	$	80.4	$	702.3
Foreign Exchange Rates	(7.3)		(0.1)		(7.4)
Balance at December 31, 2024	$	614.6	$	80.3	$	694.9

Other Intangible Assets Subject to Amortization and Capitalized Software

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

TABLE 74: OTHER INTANGIBLE ASSSETS SUBJECT TO AMORTIZATION

	DECEMBER 31,
(In Millions)	2024		2023
Gross Carrying Amount	$	127.0	$	135.0
Less: Accumulated Amortization	68.9		63.4
Net Book Value	$	58.1	$	71.6

TABLE 75: CHANGES IN OTHER INTANGIBLE ASSETS

(In Millions)
Balance at December 31, 2022	$	77.6
Amortization	(9.3)
Foreign Exchange Rates	3.3
Balance at December 31, 2023	71.6
Amortization	(9.2)
Foreign Exchange Rates	(4.3)
Balance at December 31, 2024	$	58.1

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

TABLE 76: CAPITALIZED SOFTWARE

	DECEMBER 31,
(In Millions)	2024		2023
Gross Carrying Amount	$	4,259.6	$	3,781.7
Less: Accumulated Amortization	2,104.5		1,754.2
Net Carrying Value	$	2,155.1	$	2,027.5