Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

Goodwill

Goodwill at both June 30, 2021 and December 31, 2020 was $143 million, which was a result of revenue generating synergies expected from our acquisition of SVB Leerink in 2019 as well as our acquisition of WestRiver Group's debt fund business in December 2020.

Other Intangible Assets

The components of net other intangible assets were as follows:

	June 30, 2021						December 31, 2020
(Dollars in millions)	Gross Amount		Accumulated Amortization		Net Carrying Amount		Gross Amount		Accumulated Amortization		Net Carrying Amount
Other intangible assets:
Customer relationships	$	42	$	10	$	32	$	42	$	8	$	34
Other	36		11		25		36		9		27
Total other intangible assets	$	78	$	21	$	57	$	78	$	17	$	61

For the six months ended June 30, 2021, we recorded amortization expense of $4 million. Assuming no future impairments of other intangible assets or additional acquisitions or dispositions, the following table presents the Company's future expected amortization expense for other intangible assets that will continue to be amortized as of June 30, 2021:

Years ended December 31, (Dollars in millions)	Other Intangible Assets
2021 (excluding the six months ended June 30, 2021)	$	4
2022	8
2023	8
2024	8
2025	7
2026 and thereafter	22
Total future amortization expense	$	57