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Goodwill and Other Intangible Assets
6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
The following table presents changes in the carrying amount of goodwill during the periods indicated:
(In millions)Investment
  Servicing
Investment
Management
Total
Goodwill:
Ending balance December 31, 2022$7,232 $263 $7,495 
Acquisitions44 — 44 
Foreign currency translation70 72 
Ending balance December 31, 2023$7,346 $265 $7,611 
Acquisitions(1)
193  193 
Foreign currency translation(52)(1)(53)
Ending balance June 30, 2024$7,487 $264 $7,751 
(1) Investment Servicing includes the impact of the consolidation of our second operations joint ventures in India.
The following table presents changes in the net carrying amount of other intangible assets during the periods indicated:
(In millions)Investment
Servicing
Investment
Management
Total
Other intangible assets:
Ending balance December 31, 2022$1,495 $49 $1,544 
Amortization(217)(22)(239)
Foreign currency translation15 — 15 
Ending balance December 31, 20231,293 27 1,320 
Acquisitions7 13 20 
Amortization(109)(11)(120)
Foreign currency translation(11) (11)
Ending balance June 30, 2024$1,180 $29 $1,209 
The following table presents the gross carrying amount, accumulated amortization and net carrying amount of other intangible assets by type as of the dates indicated:
June 30, 2024
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
(In millions)
Other intangible assets:
Client relationships$2,734 $(1,868)$866 
Technology404 (235)169 
Core deposits684 (528)156 
Other98 (80)18 
Total$3,920 $(2,711)$1,209 
December 31, 2023
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
(In millions)
Other intangible assets:
Client relationships$2,761 $(1,808)$953 
Technology402 (216)186 
Core deposits690 (516)174 
Other85 (78)
Total$3,938 $(2,618)$1,320