Expenses

12 Months Ended

Dec. 31, 2025

Other Expenses [Abstract]

Expenses

Expenses

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

	Years Ended December 31,
(In millions)	2025		2024		2023
Professional services	$	444	$	465	$	428
Amortization of other intangible assets	223		230		239
Sales advertising and public relations	174		142		142
Securities processing	58		78		49
Bank operations	50		51		45
Donations	28		28		27
Regulatory fees and assessments(1)	(10)		142		464
Other	521		433		359
Total other expenses	$	1,488	$	1,569	$	1,753

(1) Includes an FDIC special assessment release of $60 million in 2025 and an FDIC special assessment charge of $99 million and $387 million in 2024 and 2023, respectively, related to FDIC’s recovery of estimated losses to the Deposit Insurance Fund associated with the closures of Silicon Valley Bank and Signature Bank reflected in other expenses.

Repositioning Charges

In 2025, we recorded net repositioning charges of $326 million, including $211 million of compensation and employee benefits expenses related to workforce rationalization, $69 million of occupancy costs associated with real estate footprint optimization, and other charges of $24 million and $22 million relating to operating model changes reflected in information systems and communications and other expenses, respectively.

In 2024, we recorded a net repositioning release of $2 million, including a $15 million release reflected in compensation and employee benefits expenses, partially offset by $13 million of occupancy charges related to footprint optimization.

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

(In millions)	Employee Related Costs		Other		Total
Accrual Balance at December 31, 2022	$	83	$	5	$	88
Accruals for Repositioning Charges	182		21		203
Payments and Other Adjustments	(58)		(25)		(83)
Accrual Balance at December 31, 2023	207		1		208
Accruals for Repositioning Charges	(15)		13		(2)
Payments and Other Adjustments	(96)		(14)		(110)
Accrual Balance at December 31, 2024	96		—		96
Accruals for Repositioning Charges	211		115		326
Payments and Other Adjustments	(99)		(115)		(214)
Accrual Balance at December 31, 2025	$	208	$	—	$	208