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Intangible Assets and Goodwill (Tables)
12 Months Ended
Dec. 31, 2012
Gross Carrying Value of Intangible Assets and Accumulated Amortization

The gross carrying value of intangible assets and accumulated amortization was:

 

                                                                                                                                   
     December 31, 2012      December 31, 2011  
     Gross
   Carrying   
Value
     Accumulated
Amortization
     Net
   Carrying   
Value
     Gross
   Carrying   
Value
     Accumulated
Amortization
     Net
   Carrying   
Value
 

Customer relationships

   $ 279       $ 51       $ 228       $ 245       $ 17       $ 228   

Technology

     89         16         73         88         6         82   

Trade name

     17         2         15         15         1         14   

Other

     5         2         3         2                 2   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total intangible assets

   $ 390       $ 71       $ 319       $ 350       $ 24       $ 326   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
Estimated Future Annual Amortization Expense for Intangible Assets

Estimated future annual amortization expense for intangible assets as of December 31, 2012, is as follows:

 

2013

   $ 49   

2014

   $ 43   

2015

   $ 40   

2016

   $ 38   

2017

   $ 35   

Thereafter

   $       114   
Changes in Carrying Amount of Goodwill as Allocated to Reportable Segments

The changes in the carrying amount of goodwill, as allocated to the Company’s reportable segments for purposes of testing goodwill for impairment going forward, are presented in the following table:

 

     Investor
Services
     Institutional
Services
     Total  

Balance at December 31, 2011

   $ 953       $ 208       $ 1,161   

Goodwill acquired and other changes during the period

     45         22         67   
  

 

 

    

 

 

    

 

 

 

Balance at December 31, 2012

   $          998       $   230       $       1,228