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Expenses
12 Months Ended
Dec. 31, 2021
Other Expenses [Abstract]  
Expenses Expenses
The following table presents the components of other expenses for the periods indicated:
Years Ended December 31,
(In millions)202120202019
Professional services$334 $364 $321 
Sales advertising public relations73 77 114 
Regulatory fees and assessments69 61 73 
Securities processing34 41 75 
Bank operations12 18 43 
Insurance12 14 19 
Donations2 20 51 
Other360 370 566 
Total other expenses$896 $965 $1,262 
Acquisition Costs
We recorded approximately $53 million of acquisition costs in 2021 compared to $54 million in 2020 and $79 million in 2019, related to our acquisition of CRD. In addition, we recorded approximately $13 million of acquisition costs in 2021 related to our planned acquisition of the BBH Investor Services business.
Restructuring and Repositioning Charges
Repositioning Charges
In 2021, we recorded a net repositioning benefit of $3 million, consisting of $32 million release of previously accrued severance charges, primarily due to higher attrition and redeployment rates during the COVID-19 pandemic, partially offset by $29 million of occupancy charges related to footprint optimization.
In 2020, we recorded $133 million of repositioning charges, including $82 million of compensation and employee benefits expenses and $51 million of occupancy costs, to further drive automation of processes and organizational simplification enabling workforce rationalization and to reduce our real estate footprint by approximately 13% of our total square footage.
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-offsTotal
Accrual Balance at December 31, 2018$303 $37 $$341 
Accruals for Beacon(2)— — (2)
Accruals for Repositioning Charges98 12 — 110 
Payments and Other Adjustments(209)(42)— (251)
Accrual Balance at December 31, 2019190 198 
Accruals for Beacon(4)— — (4)
Accruals for Repositioning Charges82 51 — 133 
Payments and Other Adjustments(78)(52)(1)(131)
Accrual Balance at December 31, 2020190 — 196 
Accruals for Beacon(1)  (1)
Accruals for Repositioning Charges
(32)29  (3)
Payments and Other Adjustments(89)(29) (118)
Accrual Balance at December 31, 2021$68 $6 $ $74