v3.26.1
Business Combinations (Tables)
 6 Months Ended
Jun. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Business Combination
Table 2.1: Allocation of Purchase Consideration
(in millions, except share and per share data)Fair Value as of April 7, 2026
Purchase consideration:
Fair value of Capital One stock transferred(1)
1,891 
Fair value of cash consideration transferred2,630 
Fair value of purchase consideration$4,521 
Allocation of purchase consideration to net assets acquired:
Preliminary fair value of assets acquired(2)
2,774 
Preliminary fair value of liabilities assumed(3)
1,322 
Preliminary fair value of net assets acquired $1,452 
Preliminary Goodwill(4)
$3,069 
________
(1)Includes $13 million of purchase consideration related to restricted stock units.
(2)Includes $815 million of loans, $510 million of developed technology and $432 million of intangible assets.
(3)Includes $1.1 billion of outstanding debt that was paid off immediately following the completion of the Brex acquisition.
(4)Given the Brex acquisition was structured as a nontaxable corporate reorganization, the resulting goodwill is not deductible for income tax purposes. The goodwill associated with the Brex acquisition has been preliminarily allocated to the Credit Card ($2.4 billion) and Consumer Banking segments ($710 million) as of June 30, 2026.