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Other Assets | 12 Months Ended
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Dec. 31, 2021
Other Assets [Abstract] |
Other Assets | OTHER ASSETS The following is a summary of Other assets as of December 31:
(Millions) |  | 2021 |  | 2020
Goodwill |  | $ | 3,804 |  |  | $ | 3,852 |
Other intangible assets, at amortized cost |  | 201 |  |  | 265 |
Other (a) |  | 13,239 |  |  | 13,562 |
Total |  | $ | 17,244 |  |  | $ | 17,679 |
(a)Primarily includes other receivables net of reserves, prepaid assets, net deferred tax assets, tax credit investments, right-of-use lease assets and investments in non-consolidated entities. 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, 2019 |  | $ | 1,026 |  |  | $ | 1,781 |  |  | $ | 508 |  |  | $ | 3,315 |
Acquisitions |  | — |  |  | 442 |  |  | 52 |  |  | 494 |
Dispositions |  | — |  |  | — |  |  | — |  |  | — |
Other (a) |  | 32 |  |  | 11 |  |  | — |  |  | 43 |
Balance as of December 31, 2020 |  | $ | 1,058 |  |  | $ | 2,234 |  |  | $ | 560 |  |  | $ | 3,852 |
Acquisitions |  | — |  |  | — |  |  | — |  |  | — |
Dispositions |  | (3) |  |  | — |  |  | — |  |  | (3) |
Other (a) |  | (37) |  |  | (8) |  |  | — |  |  | (45) |
Balance as of December 31, 2021 |  | $ | 1,018 |  |  | $ | 2,226 |  |  | $ | 560 |  |  | $ | 3,804 |
(a)Primarily includes foreign currency translation. Accumulated impairment losses were $221 million as of both December 31, 2021 and 2020. 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, 2021 and 2020 was $733 million and $759 million, respectively, with accumulated amortization of $532 million and $494 million, respectively. Amortization expense was $57 million, $54 million and $49 million for the years ended December 31, 2021, 2020 and 2019, respectively. For other intangible assets on the Consolidated Balance Sheets as of December 31, 2021, amortization expense is expected to be $52 million in 2022, $50 million in 2023, $44 million in 2024, $21 million in 2025, $11 million in 2026 and $23 million thereafter. TAX CREDIT INVESTMENTS We account for our QAH investments using PAM, which we elected to implement on January 1, 2021 on a prospective basis, and other tax credit investments using the equity method of accounting. Refer to Note 1 for further information on the implementation of PAM. As of December 31, 2021 and 2020, we had $1,124 million and $1,147 million in tax credit investments, respectively, included in Other assets on the Consolidated Balance Sheets, of which $1,084 million and $1,095 million, respectively, related to QAH investments. Included in QAH investments as of December 31, 2021 and 2020, we had $994 million and $1,028 million, respectively, related to investments in unconsolidated VIEs for which we do not have a controlling financial interest. As of December 31, 2021, we committed to provide funding related to certain of these QAH investments, which is expected to be paid between 2022 and 2036, resulting in $238 million in unfunded commitments reported in Other liabilities, of which $192 million specifically related to unconsolidated VIEs. In addition, as of December 31, 2021 we had contractual off-balance sheet obligations to provide additional funding up to $53 million for these QAH investments, fully related to unconsolidated VIEs. We may be required to fund these amounts between 2022 and 2036. During the year ended December 31, 2021, we recognized QAH investment losses of $226 million, with associated tax credits of $135 million, in Income tax provision. These losses included the one-time charge related to the implementation of PAM. During the years ended December 31, 2020 and 2019 we recognized QAH investment equity method losses of $128 million and $101 million, respectively, in Other, net expenses, with associated tax credits of $129 million and $119 million, respectively, recognized in Income tax provision.

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