Expenses

6 Months Ended

Jun. 30, 2022

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)	2022		2021		2022		2021
Professional services	$	84	$	75	$	181	$	155
Sales advertising public relations	22		16		41		33
Regulatory fees and assessments	20		19		40		37
Securities processing	12		2		20		14
Bank operations	9		2		13		4
Insurance	2		3		6		6

Donations	7		—		13

Other	106		82		191		172
Total other expenses	$	262	$	199	$	505	$	421

Acquisition Costs

We recorded approximately $12 million and $21 million of acquisition costs in the three and six months ended June 30, 2022, respectively, related to our proposed acquisition of the BBH Investor Services business, compared to $11 million and $22 million of acquisition costs in the same periods of 2021, respectively, related to CRD.

Restructuring and Repositioning Charges

The following table presents aggregate activity for repositioning charges for the periods indicated:


(In millions)	Employee Related Costs		Real Estate Actions		Asset and Other Write-offs		Total
Accrual Balance at December 31, 2020	$	190	$	6	$	—	$	196
Accruals for Beacon	(1)		—		—		(1)
Accruals for Repositioning Charges	—		2		—		2
Payments and Other Adjustments	(9)		(2)		—		(11)
Accrual Balance at March 31, 2021	180		6		—		186


Payments and Other Adjustments	(34)		—		—		(34)
Accrual Balance at June 30, 2021	$	146	$	6	$	—	$	152


Accrual Balance at December 31, 2021	$	68	$	6	$	—	$	74


Payments and Other Adjustments	(17)		(1)		—		(18)
Accrual Balance at March 31, 2022	51		$	5	—		56


Payments and Other Adjustments	(11)		—		—		(11)
Accrual Balance at June 30, 2022	$	40	$	5	$	—	$	45