XML 158 R43.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes In The Carrying Amount Of Goodwill
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
(13
)
 
1

 
(12
)
Ending balance December 31, 2019
$
7,289

 
$
267

 
$
7,556

 
 
(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 year ended December 31, 2019, resulting in an increase in the goodwill of $113 million and a decrease of $93 million in other intangible assets.
Schedule of Finite-Lived Intangible 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
(207
)
 
(29
)
 
(236
)
Foreign currency translation
(10
)
 

 
(10
)
Ending balance December 31, 2019
$
1,908

 
$
122

 
$
2,030

 
 
(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 year ended December 31, 2019, resulting in a decrease in the fair value of other 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:
December 31, 2019
Gross
Carrying
Amount

Accumulated
Amortization

Net
Carrying
Amount
(In millions)


Other intangible assets:
 
 
 
 
 
Client relationships
$
3,104

 
$
(1,718
)
 
$
1,386

Technology
403

 
(87
)
 
316

Core deposits
673

 
(381
)
 
292

Other
100

 
(64
)
 
36

Total
$
4,280

 
$
(2,250
)
 
$
2,030

 
 
 
 
 
 
December 31, 2018
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
(In millions)
 
 
Other intangible assets:
 
 
 
 
 
Client relationships
$
3,262

 
$
(1,605
)
 
$
1,657

Technology
389

 
(49
)
 
340

Core deposits
676

 
(350
)
 
326

Other
103

 
(57
)
 
46

Total
$
4,430

 
$
(2,061
)
 
$
2,369


Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
Expected future amortization expense for other intangible assets recorded as of December 31, 2019 is as follows:
(In millions)
Future Amortization
Years Ended December 31,
 
2020
$
240

2021
230

2022
227

2023
226

2024
220