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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2023
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
Investment
Management
Total
Goodwill:
Ending balance December 31, 2021$7,354 $267 $7,621 
Acquisitions— 
Foreign currency translation(125)(4)(129)
Ending balance December 31, 2022$7,232 $263 $7,495 
Acquisitions(1)
44  44 
Foreign currency translation70 2 72 
Ending balance December 31, 2023$7,346 $265 $7,611 
(1) Investment Servicing includes the impact of the consolidation of one of our operations joint ventures in India.
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
Investment
Management
Total
Other intangible assets:
Ending balance December 31, 2021$1,746 $70 $1,816 
Amortization(217)(21)(238)
Foreign currency translation(34)— (34)
Ending balance December 31, 2022$1,495 $49 $1,544 
Amortization(217)(22)(239)
Foreign currency translation15  15 
Ending balance December 31, 2023$1,293 $27 $1,320 
    
The following tables present the gross carrying amount, accumulated amortization and net carrying amount of other intangible assets by type as of the dates indicated:
December 31, 2023Gross Carrying AmountAccumulated AmortizationNet Carrying Amount
(In millions)
Other intangible assets:
Client relationships$2,761 $(1,808)$953 
Technology402 (216)186 
Core deposits690 (516)174 
Other85 (78)7 
Total$3,938 $(2,618)$1,320 
December 31, 2022Gross Carrying AmountAccumulated AmortizationNet Carrying Amount
(In millions)
Other intangible assets:
Client relationships$2,728 $(1,626)$1,102 
Technology402 (178)224 
Core deposits683 (477)206 
Other84 (72)12 
Total$3,897 $(2,353)$1,544 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
Expected future amortization expense for other intangible assets recorded as of December 31, 2023 is as follows:
(In millions)Future Amortization
Years Ended December 31,
2024$241 
2025215 
2026204 
2027170 
2028121