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Goodwill and Intangible Assets
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill Rollforward
$ in millionsISWMIMTotal
At December 31, 2020¹$476 $10,278 $881 $11,635 
Foreign currency and other(1)(68)(3)(72)
Acquired2
— 115 5,155 5,270 
At December 31, 2021¹$475 $10,325 $6,033 $16,833 
Foreign currency(39)(7)(12)(58)
Disposals(7)(116) (123)
At December 31, 2022¹$429 $10,202 $6,021 $16,652 
Accumulated impairments3
$673 $— $27 $700 
1.Balances represent the amount of the Firm’s goodwill after accumulated impairments.
2.The Investment Management and Wealth Management business segments’ amounts reflect the impact of the Firm's acquisition of Eaton Vance on March 1, 2021.
3.There were no impairments recorded in 2022, 2021 or 2020.
Intangible Assets Rollforward
$ in millionsISWMIM Total
At December 31, 2020$127 $4,809 $44 $4,980 
Acquired1
— 134 3,844 3,978 
Disposals— (36)— (36)
Amortization expense(23)(495)(94)(612)
Other— 51 (1)50 
At December 31, 2021$104 $4,463 $3,793 $8,360 
Acquired23 41  64 
Disposals(75)(106) (181)
Amortization expense(16)(483)(111)(610)
Other (4)(11)(15)
At December 31, 2022$36 $3,911 $3,671 $7,618 
1.The Investment Management and Wealth Management amounts principally reflect the impact of the Firm's acquisition of Eaton Vance on March 1, 2021, which includes $2.1 billion of non-amortizable intangible assets.
Intangible Assets by Type
Non-amortizableAmortizable
$ in millionsGross
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
At December 31, 2022
Management contracts$2,110 $245 $51 
Customer relationships 8,766 4,046 
Tradenames 736 151 
Other 14 5 
Total$2,110 $9,761 $4,253 
At December 31, 2021
Management contracts2,120 291 95 
Customer relationships 8,851 3,515 
Tradenames 737 117 
Other 180 92 
Total$2,120 $10,059 $3,819 
Intangible Assets Estimated Future Amortization Expense
$ in millions
At
December 31, 2022
2023$599 
2024598 
2025449 
2026340 
2027337 
The Firm’s annual goodwill and non-amortizable intangible asset impairment testing as of July 1, 2022 did not indicate any impairment. For more information, see Note 2.