Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

At December 31 (Dollars in Millions)	2022		2021
Goodwill	$	12,373	$	10,262
Merchant processing contracts		155		195
Core deposit benefits		2,706		49
Mortgage servicing rights		3,755		2,953
Trust relationships		50		62
Other identified intangibles		489		479
Total	$	19,528	$	14,000

Aggregate Amortization Expense

Aggregate amortization expense consisted of the following:

Year Ended December 31 (Dollars in Millions)	2022		2021		2020
Merchant processing contracts	$	38	$	45	$	49
Core deposit benefits		53		15		18
Trust relationships		12		10		9
Other identified intangibles		112		89		100
Total	$	215	$	159	$	176

Estimated Amortization Expense

The estimated amortization expense for the next five years is as follows:

(Dollars in Millions)
2023	$	647
2024		572
2025		490
2026		422
2027		350

Changes in Carrying Value of Goodwill

The following table reflects the changes in the carrying value of goodwill for the years ended December 31, 2022, 2021 and 2020:

(Dollars in Millions)	Corporate and Commercial Banking		Consumer and Business Banking			Wealth Management and Investment Services			Payment Services			Treasury and Corporate Support		Consolidated Company
Balance at December 31, 2019	$	1,647	$	3,475		$	1,617		$	2,916		$	—	$	9,655
Goodwill acquired		—		—			—			180			—		180
Foreign exchange translation and other		—		—			2			81			—		83
Balance at December 31, 2020	$	1,647	$	3,475		$	1,619		$	3,177		$	—	$	9,918
Goodwill acquired		—		35			144			192			—		371
Foreign exchange translation and other		265		(265	)		(2	)		(25	)		—		(27	)
Balance at December 31, 2021	$	1,912	$	3,245		$	1,761		$	3,344		$	—	$	10,262
Goodwill acquired		889		1,220			29			11			—		2,149
Foreign exchange translation and other		—		—			(2	)		(36	)		—		(38	)
Balance at December 31, 2022	$	2,801	$	4,465		$	1,788		$	3,319		$	—	$	12,373