Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

Goodwill

Goodwill at both June 30, 2022 and December 31, 2021 was $375 million which was a result of goodwill recognized for the acquisitions of SVB Securities, WestRiver Group's debt fund business, Boston Private and MoffettNathanson LLC.

Other Intangible Assets

The components of net other intangible assets were as follows:

	June 30, 2022						December 31, 2021
(Dollars in millions)	Gross Amount		Accumulated Amortization		Net Carrying Amount		Gross Amount		Accumulated Amortization		Net Carrying Amount
Other intangible assets:
Customer relationships	$	135	$	23	$	112	$	135	$	16	$	119
Other	57		21		36		57		16		41
Total other intangible assets	$	192	$	44	$	148	$	192	$	32	$	160

For the six months ended June 30, 2022, we recorded amortization expense of $12 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, 2022:

Years ended December 31, (Dollars in millions)	Other Intangible Assets
2022 (excluding the six months ended June 30, 2022)	$	12
2023	22
2024	20
2025	17
2026	30
2027 and thereafter	47
Total future amortization expense	$	148