Goodwill And Other Intangible Assets

12 Months Ended

Dec. 31, 2011

Goodwill And Other Intangible Assets [Abstract]

Note 5. Goodwill and Other Intangible Assets

The following table presents changes in the carrying amount of goodwill during the years ended December 31:


	2011									2010
(In millions)	Investment Servicing			Investment Management			Total			Investment Servicing		Investment Management		Total
Beginning balance	$	5,591		$	6		$	5,597		$	4,544	$	6	$	4,550
Acquisitions		68			32			100			1,005		—		1,005
Foreign currency translation, net		(49	)		(3	)		(52	)		42		—		42

Ending balance	$	5,610		$	35		$	5,645		$	5,591	$	6	$	5,597

The following table presents changes in the net carrying amount of other intangible assets during the years ended December 31:


	2011									2010
(In millions)	Investment Servicing			Investment Management			Total			Investment Servicing			Investment Management			Total
Beginning balance	$	2,559		$	34		$	2,593		$	1,760		$	50		$	1,810
Acquisitions		67			29			96			969			—			969
Amortization		(189	)		(11	)		(200	)		(170	)		(9	)		(179	)
Foreign currency translation, net		(29	)		(1	)		(30	)		(6	)		(1	)		(7	)
Other		—			—			—			6			(6	)		—

Ending balance	$	2,408		$	51		$	2,459		$	2,559		$	34		$	2,593

The following table presents the gross carrying amount, accumulated amortization and net carrying amount of other intangible assets as of December 31:


	2011							2010
(In millions)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	2,369	$	(641	)	$	1,728	$	2,341	$	(520	)	$	1,821
Core deposits		702		(117	)		585		710		(83	)		627
Other		233		(87	)		146		220		(75	)		145

Total	$	3,304	$	(845	)	$	2,459	$	3,271	$	(678	)	$	2,593

Amortization expense related to other intangible assets was $200 million, $179 million and $136 million for the years ended December 31, 2011, 2010 and 2009, respectively. Expected amortization expense for other intangible assets recorded as of December 31, 2011 is $214 million for 2012, $212 million for 2013, $205 million for 2014, $190 million for 2015 and $178 million for 2016.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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