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Business Combinations
6 Months Ended
Jun. 30, 2022
Business Combinations [Abstract]  
Business Combination Disclosure Business CombinationsOn March 1, 2022, Truist acquired Kensington Vanguard National Land Services, one of the country’s largest independent full-service national title insurance agencies, which resulted in approximately $198 million of goodwill and $138 million of identifiable intangible assets in the IH segment. Fair value estimates related to the acquired assets and liabilities are subject to adjustment during the one-year measurement period following the closing of the acquisition. The intangible assets are being amortized over a term of 15 years based upon the estimated duration of economic benefits received. Goodwill of $130 million and identifiable intangible assets of $110 million are deductible for tax purposes.