Exit and Other Related Liabilities (Tables)

6 Months Ended

Jun. 30, 2021

Restructuring and Related Activities [Abstract]

Summary of the Activity in Exit Liabilities

The following is a summary of the activity in the Company’s exit and other related liabilities for the three and six months ended June 30, 2021:

	Investor Services Employee Compensation and Benefits		Advisor Services Employee Compensation and Benefits		Total
Balance at March 31, 2021	$	56	$	15	$	71
Costs incurred and charged to expense (1)	35		9		44
Costs paid or otherwise settled	(35)		(9)		(44)
Balance at June 30, 2021 (2)	$	56	$	15	$	71
Balance at December 31, 2020	$	86	$	24	$	110
Costs incurred and charged to expense (1)	57		15		72
Costs paid or otherwise settled	(87)		(24)		(111)
Balance at June 30, 2021 (2)	$	56	$	15	$	71

(1) Costs incurred for severance pay and other termination benefits, as well as retention costs, are included in employee compensation and benefits on the condensed consolidated statements of income.

(2) Included in accrued expenses and other liabilities on the condensed consolidated balance sheets.

Summary of the Cumulative Amount of Acquisition-Related Exit Costs

The following table summarizes the exit and other related costs incurred for the three and six months ended June 30, 2021:

	Investor Services						Advisor Services
Three Months Ended June 30,	Employee Compensation and Benefits		Facility Exit Costs (1)		Investor Services Total		Employee Compensation and Benefits		Facility Exit Costs (1)		Advisor Services Total		Total
Compensation and benefits	$	35	$	—	$	35	$	9	$	—	$	9	$	44
Occupancy and equipment	—		3		3		—		—		—		3
Total	$	35	$	3	$	38	$	9	$	—	$	9	$	47

	Investor Services						Advisor Services
Six Months Ended June 30,	Employee Compensation and Benefits		Facility Exit Costs (1)		Investor Services Total		Employee Compensation and Benefits		Facility Exit Costs (1)		Advisor Services Total		Total
Compensation and benefits	$	57	$	—	$	57	$	15	$	—	$	15	$	72
Occupancy and equipment	—		13		13		—		3		3		16
Professional services	—		1		1		—		—		—		1
Other	—		1		1		—		—		—		1
Total	$	57	$	15	$	72	$	15	$	3	$	18	$	90

(1) Costs related to facility closures. These costs, which are primarily comprised of accelerated amortization of right-of-use (ROU) assets, relate to the impact of abandoning leased and other properties.

The following table summarizes the cumulative exit and other related costs incurred from October 6, 2020 through June 30, 2021:

	Investor Services						Advisor Services
	Employee Compensation and Benefits		Facility Exit Costs (1)		Investor Services Total		Employee Compensation and Benefits		Facility Exit Costs (1)		Advisor Services Total		Total
Compensation and benefits	$	195	$	—	$	195	$	53	$	—	$	53	$	248
Occupancy and equipment	—		19		19		—		4		4		23
Depreciation and amortization	—		2		2		—		1		1		3
Professional services	—		1		1		—		—		—		1
Other	—		1		1		—		—		—		1
Total	$	195	$	23	$	218	$	53	$	5	$	58	$	276

(1) Costs related to facility closures. These costs, which are primarily comprised of accelerated amortization of ROU assets and accelerated depreciation of fixed assets, relate to the impact of abandoning leased and other properties.