Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

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, 2023	$	7,346	$	265	$	7,611
Acquisitions	189		—		189
Foreign currency translation	(107)		(2)		(109)
Ending balance December 31, 2024	7,428		263		7,691
Foreign currency translation	70		2		72
Ending balance March 31, 2025	$	7,498	$	265	$	7,763

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, 2023	$	1,293	$	27	$	1,320
Acquisitions	7		13		20
Amortization	(216)		(14)		(230)
Foreign currency translation	(21)		—		(21)
Ending balance December 31, 2024	1,063		26		1,089
Amortization	(53)		(1)		(54)
Foreign currency translation	11		—		11
Ending balance March 31, 2025	$	1,021	$	25	$	1,046

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:

	March 31, 2025
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
(In millions)
Other intangible assets:
Client relationships	$	2,743	$	(1,982)	$	761
Technology	403		(263)		140
Core deposits	685		(555)		130
Other	98		(83)		15
Total	$	3,929	$	(2,883)	$	1,046
	December 31, 2024
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
(In millions)
Other intangible assets:
Client relationships	$	2,706	$	(1,919)	$	787
Technology	401		(252)		149
Core deposits	677		(540)		137
Other	95		(79)		16
Total	$	3,879	$	(2,790)	$	1,089