Business Combinations (Tables)

12 Months Ended

Dec. 31, 2023

Business Combinations [Abstract]

Business Combination, Segment Allocation

The following table provides additional details related to these acquisitions and the fair value of certain tangible and intangible assets as of the acquisition date:

	Acquiree
(Dollars in millions)	BankDirect Capital Finance(1)		BenefitMall(2)		Kensington Vanguard National Land Services(2)
Date acquired	Nov 1, 2022		Sep 1, 2022		Mar 1, 2022
Segment	C&CB / WB		IH		IH
Strategic rationale	Increases scale and product offerings for premium finance business		Broadens products and services within benefit wholesale insurance business		Expands presence in the title insurance market
Loans and leases	$	3,067	$	—	$	—
Intangible assets	111		336		138
Goodwill	189		494		195

(1)Identifiable intangible assets for BankDirect Capital Finance are being amortized over a weighted average term of 15 years based on the estimated duration of economic benefits received.

(2)BenefitMall and Kensington Vanguard National Land Services are wholly owned subsidiaries of TIH. The assets and liabilities of BenefitMall and Kensington Vanguard National Land Services were reclassified as discontinued operations. Refer to “Note 2. Discontinued Operations” for additional information.