Expenses

9 Months Ended

Sep. 30, 2023

Other Expenses [Abstract]

Expenses

Expenses

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

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2023		2022		2023		2022
Professional services	$	99	$	92	$	315	$	273
Sales advertising and public relations	38		28		91		69
Regulatory fees and assessments	18		19		62		63
Securities processing	10		21		35		41
Bank operations	9		11		33		24
Donations	13		7		26		20
Other	98		96		279		289
Total other expenses	$	285	$	274	$	841	$	779

Acquisition and Restructuring Costs

We had no acquisition and restructuring costs in both the three and nine months ended September 30, 2023, compared to $13 million and $34 million in the same periods of 2022, respectively, related to the BBH Investor Services acquisition transaction that we are no longer pursuing.

Repositioning Charges

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

(In millions)	Employee Related Costs		Real Estate Actions		Total
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
Payments and Other Adjustments	(5)		—		(5)
Accrual Balance at September 30, 2022	$	35	$	5	$	40
Accrual Balance at December 31, 2022	$	83	$	5	$	88
Payments and other adjustments	(14)		(1)		(15)
Accrual Balance at March 31, 2023	69		4		73
Payments and Other Adjustments	(16)		(1)		(17)
Accrual Balance at June 30, 2023	53		3		56
Payments and Other Adjustments	(12)		(2)		(14)
Accrual Balance at September 30, 2023	$	41	$	1	$	42