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Other Assets | 12 Months Ended
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Dec. 31, 2020
Other Assets [Abstract] |
Other Assets | OTHER ASSETS The following is a summary of Other assets as of December 31:
(Millions) |  | 2020 |  | 2019
Goodwill |  | $ | 3,852 |  |  | $ | 3,315 |
Other intangible assets, at amortized cost |  | 265 |  |  | 267 |
Other(a) |  | 13,562 |  |  | 10,635 |
Total |  | $ | 17,679 |  |  | $ | 14,217 |
(a)Primarily includes prepaid assets, net deferred tax assets, other receivables net of reserves, investments in non-consolidated entities, tax credit investments and right-of-use lease assets. GOODWILL The changes in the carrying amount of goodwill reported in our reportable operating segments were as follows:
(Millions) |  | GCSG |  | GCS |  | GMNS |  | Total
Balance as of December 31, 2018 |  | $ | 707 |  |  | $ | 1,718 |  |  | $ | 647 |  |  | $ | 3,072 |
Acquisitions |  | 189 |  |  | 66 |  |  | — |  |  | 255 |
Dispositions |  | — |  |  | — |  |  | — |  |  | — |
Other(a) |  | (7) |  |  | (3) |  |  | (2) |  |  | (12) |
Balance as of December 31, 2019 |  | $ | 889 |  |  | $ | 1,781 |  |  | $ | 645 |  |  | $ | 3,315 |
Acquisitions |  | — |  |  | 442 |  |  | 52 |  |  | 494 |
Dispositions |  | — |  |  | — |  |  | — |  |  | — |
Other(a) |  | 25 |  |  | 11 |  |  | 7 |  |  | 43 |
Balance as of December 31, 2020 |  | $ | 914 |  |  | $ | 2,234 |  |  | $ | 704 |  |  | $ | 3,852 |
(a)Primarily includes foreign currency translation. Accumulated impairment losses were $221 million as of both December 31, 2020 and 2019. OTHER INTANGIBLE ASSETS Intangible assets are amortized on a straight-line basis over their estimated useful lives of 1 to 22 years. We review long-lived assets and asset groups, including intangible assets, for impairment whenever events and circumstances indicate their carrying amounts may not be recoverable. An impairment is recognized if the carrying amount is not recoverable and exceeds the asset or asset group’s fair value. The gross carrying amount for other intangible assets as of December 31, 2020 and 2019 was $759 million and $704 million, respectively, with accumulated amortization of $494 million and $437 million, respectively. Amortization expense, which is recorded within Other expense in the Consolidated Statements of Income, was $54 million, $49 million and $212 million for the years ended December 31, 2020, 2019 and 2018, respectively. TAX CREDIT INVESTMENTS We account for our tax credit investments, including Qualified Affordable Housing (QAH) investments, using the equity method of accounting. As of December 31, 2020 and 2019, we had $1,147 million and $1,154 million in tax credit investments, respectively, included in Other assets on the Consolidated Balance Sheets, of which $1,095 million and $1,109 million, respectively, related to QAH investments. Included in QAH investments as of December 31, 2020 and 2019, we had $1,028 million and $1,032 million, respectively, related to investments in unconsolidated VIEs for which we do not have a controlling financial interest. As of December 31, 2020, we committed to provide funding related to certain of these QAH investments, which is expected to be paid between 2021 and 2035, resulting in $208 million in unfunded commitments reported in Other liabilities, of which $189 million specifically related to unconsolidated VIEs. In addition, as of December 31, 2020 we had contractual off-balance sheet obligations, which were not deemed probable of being drawn, to provide additional funding up to $106 million for these QAH investments, fully related to unconsolidated VIEs. During the years ended December 31, 2020, 2019 and 2018 we recognized equity method losses related to our QAH investments of $128 million, $101 million and $126 million, respectively, which were recognized in Other, net expenses; and associated tax credits of $129 million, $119 million and $97 million, respectively, recognized in Income tax provision.

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- Definition The entire disclosure for other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
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