XML 141 R43.htm IDEA: XBRL DOCUMENT v3.20.4
Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2020
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, 2018$7,180 $266 $7,446 
Acquisitions(2)
122 — 122 
Foreign currency translation(13)1 (12)
Ending balance December 31, 20197,289 267 7,556 
Foreign currency translation124 3 127 
Ending balance December 31, 2020$7,413 $270 $7,683 
(1) Investment Servicing includes our acquisition of CRD.
(2) We 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, 2018$2,218 $151 $2,369 
Acquisitions(2)
(93)— (93)
Amortization(207)(29)(236)
Foreign currency translation(10)— (10)
Ending balance December 31, 20191,908 122 2,030 
Amortization(206)(28)(234)
Foreign currency translation31 — 31 
Ending balance December 31, 2020$1,733 $94 $1,827 
(1) Investment Servicing includes our acquisition of CRD.
(2) We 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, 2020
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
(In millions)
Other intangible assets:
Client relationships
$2,704 $(1,450)$1,254 
Technology
393 (113)280 
Core deposits
690 (425)265 
Other
107 (79)28 
Total
$3,894 $(2,067)$1,827 
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 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
Expected future amortization expense for other intangible assets recorded as of December 31, 2020 is as follows:
(In millions)Future Amortization
Years Ended December 31,
2021$235 
2022232 
2023231 
2024224 
2025199