XML 57 R14.htm IDEA: XBRL DOCUMENT v3.19.3
Goodwill and Other Intangible Assets
 9 Months Ended
Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
The following table presents changes in the carrying amount of goodwill during the periods indicated:
(In millions)
Investment
Servicing(1)
 
Investment
Management
 
Total
Goodwill:
 
 
 
 
 
Ending balance December 31, 2017
$
5,752

 
$
270

 
$
6,022

Acquisitions(1)
1,512

 
—

 
1,512

Foreign currency translation
(84
)
 
(4
)
 
(88
)
Ending balance December 31, 2018
7,180

 
266

 
7,446

Acquisitions(2)
$
122

 
$
—

 
$
122

Foreign currency translation
(66
)
 
(2
)
 
(68
)
Ending balance September 30, 2019
7,236

 
264

 
7,500

 
(1) Investment Servicing includes our acquisition of CRD.
(2) We have completed the purchase price accounting for the CRD acquisition as of March 31, 2019. Upon completion of valuation procedures related to the acquired assets and assumed liabilities, primarily the identifiable intangible assets, we recorded measurement period adjustments in the nine months ended September 30, 2019, resulting in an increase in the goodwill of $113 million and a decrease of $93 million in intangibles assets.



The following table presents changes in the net carrying amount of other intangible assets during the periods indicated:
(In millions)
Investment
Servicing(1)
 
Investment
Management
 
Total
Other intangible assets:
 
 
 
 
 
Ending balance December 31, 2017
$
1,432

 
$
181

 
$
1,613

Acquisitions(1)
1,007

 
—

 
1,007

Amortization
(196
)
 
(30
)
 
(226
)
Foreign currency translation
(25
)
 
—

 
(25
)
Ending balance December 31, 2018
2,218

 
151

 
2,369

Acquisitions(2)
(93
)
 
—

 
(93
)
Amortization
(156
)
 
(22
)
 
(178
)
Foreign currency translation
(21
)
 
—

 
(21
)
Ending balance September 30, 2019
$
1,948

 
$
129

 
$
2,077

 
(1) Investment Servicing includes our acquisition of CRD.
(2) We have completed the purchase price accounting for the CRD acquisition as of March 31, 2019. Upon completion of valuation procedures related to the acquired assets and assumed liabilities, primarily the identifiable intangible assets, we recorded measurement period adjustments in the nine months ended September 30, 2019, resulting in a decrease in the fair value of intangible assets of $93 million, with a corresponding increase to goodwill.
The following table presents the gross carrying amount, accumulated amortization and net carrying amount of other intangible assets by type as of the dates indicated:
 
September 30, 2019
 
December 31, 2018
(In millions)
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
Other intangible assets:
 
 
 
 
 
 
 
 
 
 
 
Client relationships
$
3,077

 
$
(1,659
)
 
$
1,418

 
$
3,262

 
$
(1,605
)
 
$
1,657

Technology
402

 
(77
)
 
325

 
389

 
(49
)
 
340

Core deposits
667

 
(370
)
 
297

 
676

 
(350
)
 
326

Other
98

 
(61
)
 
37

 
103

 
(57
)
 
46

Total
$
4,244

 
$
(2,167
)
 
$
2,077

 
$
4,430

 
$
(2,061
)

$
2,369