Expenses

6 Months Ended

Jun. 30, 2020

Other Expenses [Abstract]

Expenses

Expenses

The following table presents the components of other expenses for the periods indicated:

	Three Months Ended June 30,				Six Months Ended June 30,
(In millions)	2020		2019		2020		2019
Professional services	$	91	$	85	$	172	$	165
Regulatory fees and assessments	17		16		29		36
Securities processing	15		19		30		28
Sales advertising public relations	12		27		30		54
Bank operations	4		10		13		21
Insurance	3		4		8		9
Other	101		113		191		236
Total other expenses	$	243	$	274	$	473	$	549

Acquisition Costs

We recorded approximately $12 million and $23 million of acquisition costs in the three and six months ended June 30, 2020, respectively, compared to $10 million and $23 million in the same periods in 2019, respectively, related to our acquisition of CRD. As we integrate CRD into our business, we expect to incur

approximately $200 million of acquisition costs, including merger and integration costs, through 2021.

Restructuring and Repositioning Charges

The following table presents aggregate activity for repositioning charges and activity related to previous Beacon restructuring charges for the periods indicated:

(In millions)	Employee Related Costs			Real Estate Actions			Asset and Other Write-offs		Total
Accrual Balance at December 31, 2018	$	303		$	37		$	1	$	341
Accruals for Beacon	(4		)	—			—		(4		)
Accruals for Repositioning Charges	—			—			—		—
Payments and Other Adjustments	(53		)	(25		)	—		(78		)
Accrual balance at March 31, 2019	$	246		$	12		$	1	$	259
Accruals for Beacon	2			—			—		2
Payments and Other Adjustments	(51		)	(1		)	—		(52		)
Accrual Balance at June 30, 2019	$	197		$	11		$	1	$	209
Accrual balance at December 31, 2019	$	190		$	7		$	1	$	198
Payments and Other Adjustments	(33		)	(1		)	—		(34		)
Accrual Balance at March 31, 2020	$	157		$	6		$	1	$	164
Payments and Other Adjustments	(25		)	(1		)	—		(26		)
Accrual Balance at June 30, 2020	$	132		$	5		$	1	$	138