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Other Assets | 12 Months Ended
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Dec. 31, 2022
Other Assets [Abstract] |
Other Assets | OTHER ASSETS The following is a summary of Other assets as of December 31:
(Millions) |  | 2022 |  | 2021
Goodwill |  | $ | 3,786 |  |  | $ | 3,804 |
Other intangible assets, at amortized cost |  | 146 |  |  | 201 |
Other (a) |  | 13,757 |  |  | 13,239 |
Total |  | $ | 17,689 |  |  | $ | 17,244 |
(a)Primarily includes net deferred tax assets, other receivables net of reserves, investments in non-consolidated entities, prepaid assets, 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) |  | USCS |  | CS |  | ICS |  | GMNS |  | Total
Balance as of December 31, 2020 |  | $ | 369 |  |  | $ | 2,124 |  |  | $ | 799 |  |  | $ | 560 |  |  | $ | 3,852 |
Acquisitions |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Dispositions |  | — |  |  | — |  |  | (3) |  |  | — |  |  | (3) |
Other (a) |  | (1) |  |  | (1) |  |  | (43) |  |  | — |  |  | (45) |
Balance as of December 31, 2021 |  | $ | 368 |  |  | $ | 2,123 |  |  | $ | 753 |  |  | $ | 560 |  |  | $ | 3,804 |
Acquisitions |  | 13 |  |  | — |  |  | — |  |  | — |  |  | 13 |
Dispositions |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Other (a) |  | (2) |  |  | (1) |  |  | (28) |  |  | — |  |  | (31) |
Balance as of December 31, 2022 |  | $ | 379 |  |  | $ | 2,122 |  |  | $ | 725 |  |  | $ | 560 |  |  | $ | 3,786 |
(a)Primarily includes foreign currency translation. During the year ended December 31, 2022, we performed a quantitative goodwill impairment assessment for those reporting units which were impacted by the realignment of our operating segments and concluded that their fair values exceeded their carrying values. Accumulated impairment losses were $221 million as of both December 31, 2022 and 2021. 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, 2022 and 2021 was $720 million and $733 million, respectively, with accumulated amortization of $574 million and $532 million, respectively. Amortization expense was $51 million, $57 million and $54 million for the years ended December 31, 2022, 2021 and 2020, respectively. For other intangible assets on the Consolidated Balance Sheets as of December 31, 2022, amortization expense is expected to be $49 million in 2023, $44 million in 2024, $20 million in 2025, $10 million in 2026, $9 million in 2027 and $14 million thereafter. TAX CREDIT INVESTMENTS We account for our qualified affordable housing (QAH) investments using the proportional amortization method (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. As of December 31, 2022 and 2021, we had $1,207 million and $1,124 million in tax credit investments, respectively, included in Other assets on the Consolidated Balance Sheets, of which $1,146 million and $1,084 million, respectively, related to QAH investments. Included in QAH investments as of December 31, 2022 and 2021, we had $980 million and $994 million, respectively, related to investments in unconsolidated VIEs for which we do not have a controlling financial interest. As of December 31, 2022, we committed to provide funding related to certain of these QAH investments, which is expected to be paid between 2023 and 2040, resulting in $348 million in unfunded commitments reported in Other liabilities, of which $222 million specifically related to unconsolidated VIEs. In addition, as of December 31, 2022 we had contractual off-balance sheet obligations to provide additional funding up to $13 million for these QAH investments, fully related to unconsolidated VIEs. We may be required to fund these amounts between 2023 and 2036. During the years ended December 31, 2022 and 2021, we recognized QAH investment losses of $161 million and $226 million, respectively, with associated tax credits of $141 million and $135 million, respectively, in Income tax provision. During the year ended December 31, 2020 we recognized QAH investment equity method losses of $128 million, in Other, net expenses, with associated tax credits of $129 million, 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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