Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2024

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, 2022	$	7,232	$	263	$	7,495
Acquisitions	44		—		44
Foreign currency translation	70		2		72
Ending balance December 31, 2023	7,346		265		7,611
Acquisitions(1)	194		—		194
Foreign currency translation	27		1		28
Ending balance September 30, 2024	$	7,567	$	266	$	7,833

(1) Investment Servicing includes the impact of the consolidation of our second operations joint venture 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, 2022	$	1,495	$	49	$	1,544
Amortization	(217)		(22)		(239)
Foreign currency translation	15		—		15
Ending balance December 31, 2023	1,293		27		1,320
Acquisitions	7		13		20
Amortization	(164)		(12)		(176)
Foreign currency translation	2		—		2
Ending balance September 30, 2024	$	1,138	$	28	$	1,166

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

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:

	September 30, 2024
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
(In millions)
Other intangible assets:
Client relationships	$	2,774	$	(1,932)	$	842
Technology	405		(245)		160
Core deposits	692		(543)		149
Other	100		(85)		15
Total	$	3,971	$	(2,805)	$	1,166
	December 31, 2023
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
(In millions)
Other intangible assets:
Client relationships	$	2,761	$	(1,808)	$	953
Technology	402		(216)		186
Core deposits	690		(516)		174
Other	85		(78)		7
Total	$	3,938	$	(2,618)	$	1,320