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Business Acquisitions (Tables)
 9 Months Ended
Sep. 30, 2020
Business Combinations [Abstract]  
Schedule of Equity Interest Issued The provisional purchase price was calculated as follows:
Fair value of consideration for TD Ameritrade outstanding common stock$21,664 
Fair value of replaced TD Ameritrade equity awards attributable to pre-combination services (1)
94 
Provisional purchase price$21,758 
(1) Share-based awards held by TD Ameritrade employees prior to the acquisition date were assumed by Schwab and converted into share-based awards with respect to CSC common stock, after giving effect to the exchange ratio of 1.0837. Such share-based awards are otherwise subject to the same terms and conditions as were applicable immediately before the merger, except for performance-based restricted stock units which were converted into time-based restricted stock units. The portion of the fair value of the share-based awards that relates to services performed by the employees prior to the acquisition date is included in the purchase price.
Schedule of Purchase Price
The following table summarizes provisional information including the purchase price, fair values and estimates of the assets acquired and liabilities assumed, and resulting goodwill as of the October 6, 2020 acquisition date.
Purchase price$21,758 
Fair value of assets acquired:
Cash and cash equivalents3,484 
Cash and investments segregated and on deposit for regulatory purposes14,236 
Receivables from brokerage clients28,009 
Available for sale securities1,779 
Acquired intangible assets8,880 
Equipment, office facilities, and property466 
Other assets3,061 
Total assets acquired59,915 
Fair value of liabilities assumed:
Payables to brokerage clients37,602 
Accrued expenses and other liabilities6,990 
Long-term debt3,829 
Total liabilities assumed48,421 
Fair value of net identifiable assets acquired11,494 
Goodwill$10,264 
The following table summarizes the purchase price, provisional fair values of the assets acquired and liabilities assumed, and resulting goodwill as of the May 26, 2020 acquisition date, adjusted for the post-closing adjustments described above.
Purchase price$1,581 
Fair value of assets acquired:
Cash segregated and on deposit for regulatory purposes4,392 
Receivables from brokerage clients80 
Acquired intangible assets1,109 
Total assets acquired5,581 
Fair value of liabilities assumed:
Payables to brokerage clients4,472 
Total liabilities assumed4,472 
Fair value of net identifiable assets acquired1,109 
Goodwill$472 
Schedule Of Tangible Assets Acquired The following table summarizes the major classes of provisional tangible and intangible assets and their respective weighted-average estimated useful lives:
Estimated Fair ValueWeighted-Average Estimated Useful Life (Years)
Equipment, office facilities and property
Real property (1)
$226 37
Personal property (2)
162 2
Construction in progress49 N/A
Land29 N/A
Total equipment, office facilities and property$466 
Acquired intangible assets
Client relationships$8,700 20
Existing technology165 2
Trade names15 2
Total acquired intangible assets$8,880 
(1) Consists primarily of buildings.
(2) Consists primarily of equipment and leasehold improvements.
N/A Not applicable.
Schedule of Intangible Assets Acquired The following table summarizes the major classes of provisional tangible and intangible assets and their respective weighted-average estimated useful lives:
Estimated Fair ValueWeighted-Average Estimated Useful Life (Years)
Equipment, office facilities and property
Real property (1)
$226 37
Personal property (2)
162 2
Construction in progress49 N/A
Land29 N/A
Total equipment, office facilities and property$466 
Acquired intangible assets
Client relationships$8,700 20
Existing technology165 2
Trade names15 2
Total acquired intangible assets$8,880 
(1) Consists primarily of buildings.
(2) Consists primarily of equipment and leasehold improvements.
N/A Not applicable.
The following table summarizes the major classes of intangible assets acquired and their respective weighted-average estimated useful lives.
Estimated Fair ValueWeighted-Average Estimated Useful Life (years)
Customer relationships$962 18
Brokerage referral agreement (1)
142 20
Royalty-free license5 7
Total acquired intangible assets$1,109 
(1) The brokerage referral agreement has an initial term of 5 years and is automatically renewable for one-year increments thereafter.
Schedule of Pro Forma Information The unaudited pro forma financial information is presented for informational purposes only, and is not necessarily indicative of future operations or results had the USAA-IMCO acquisition been completed as of January 1, 2019.
Three Months Ended
September 30,		Nine Months Ended
September 30,
2020201920202019
Total net revenues$2,448 $2,796 $7,618 $8,369 
Net income$613 $906 $1,949 $2,631