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 | 222 | | | 5 | | | 227 | | Ending balance June 30, 2025 | $ | 7,650 | | | $ | 268 | | | $ | 7,918 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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 | (107) | | | (3) | | | (110) | | Foreign currency translation | 35 | | | — | | | 35 | | Ending balance June 30, 2025 | $ | 991 | | | $ | 23 | | | $ | 1,014 | |
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: | | | | | | | | | | | | | | | | | | | June 30, 2025 | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | (In millions) | | | Other intangible assets: | | | | | | Client relationships | $ | 2,814 | | | $ | (2,069) | | | $ | 745 | | Technology | 405 | | | (275) | | | 130 | | Core deposits | 703 | | | (579) | | | 124 | | Other | 103 | | | (88) | | | 15 | | Total | $ | 4,025 | | | $ | (3,011) | | | $ | 1,014 | | | | | | | | | 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 | | | | | | | |
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