Intangible Assets and Other Assets

9 Months Ended

Sep. 30, 2024

Intangible Assets, Goodwill and Other Assets Disclosure [Abstract]

Intangible Assets and Other Assets

Note 7: Intangible Assets and Other Assets

Intangible assets include MSRs, goodwill, and customer relationship and other intangibles. For additional information on MSRs, see Note 6 (Mortgage Banking Activities). Customer relationship and other intangibles, which are included in other assets on our consolidated balance sheet, had a net carrying

value of $85 million and $118 million at September 30, 2024, and December 31, 2023, respectively.

Table 7.1 shows the allocation of goodwill to our reportable operating segments.

Table 7.1: Goodwill

(in millions)	Consumer Banking and Lending		Commercial Banking	Corporate and Investment Banking	Wealth and Investment Management	Corporate	Consolidated Company
December 31, 2023	$	16,418	2,933	5,375	344	105	25,175
Foreign currency translation	—		(2)	—	—	—	(2)
September 30, 2024	$	16,418	2,931	5,375	344	105	25,173

Table 7.2 presents the components of other assets.

Table 7.2: Other Assets

(in millions)	Sep 30, 2024		Dec 31, 2023
Corporate/bank-owned life insurance (1)	$	19,734	19,705
Accounts receivable (2)	28,977		30,541
Interest receivable:
AFS and HTM debt securities	1,599		1,616
Loans	3,642		3,933
Trading and other	1,395		1,211
Operating lease assets (lessor)	5,350		5,558
Operating lease ROU assets (lessee)	3,672		3,412
Other (3)	14,219		12,839
Total other assets	$	78,588	78,815

(1)Corporate/bank-owned life insurance is recorded at cash surrender value.

(2)Primarily includes derivatives clearinghouse receivables, trade date receivables, and servicer advances, which are recorded at amortized cost.

(3)Primarily includes income tax receivables, prepaid expenses, foreclosed assets, and venture capital investments in consolidated portfolio companies.