Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in Carrying Amounts of Goodwill Attributable to Operating Segments

The changes in the carrying amount of goodwill attributable to operating segments are reflected in the table below. Activity during 2022 reflects the acquisition of BenefitMall and Kensington Vanguard National Land Services. Activity during 2021 primarily reflects the acquisitions of Service Finance, LLC, and Constellation Affiliated Partners. Refer to “Note 2. Business Combinations” in Truist’s Annual Report on Form 10-K for the year ended December 31, 2021 for additional information on the acquisitions and “Note 18. Operating Segments” for additional information on segments.

(Dollars in millions)	CB&W		C&CB		IH		Total
Goodwill, January 1, 2021	$	15,841	$	6,167	$	2,439	$	24,447
Mergers and acquisitions	1,168		—		556		1,724
Adjustments and other	(139)		(18)		84		(73)
Goodwill, December 31, 2021	16,870		6,149		3,079		26,098
Mergers and acquisitions	—		—		697		697
Adjustments and other	—		—		15		15
Goodwill, September 30, 2022	$	16,870	$	6,149	$	3,791	$	26,810

Identifiable Intangible Assets Subject to Amortization

The following table, which excludes fully amortized intangibles, presents information for identifiable intangible assets:

	September 30, 2022						December 31, 2021
(Dollars in millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
CDI	$	2,472	$	(1,328)	$	1,144	$	2,563	$	(1,190)	$	1,373
Other, primarily client relationship intangibles	3,824		(1,242)		2,582		3,116		(1,081)		2,035
Total	$	6,296	$	(2,570)	$	3,726	$	5,679	$	(2,271)	$	3,408