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Acquisitions and Dispositions (Tables) | 12 Months Ended
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Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract] |
Schedule of purchase price allocation | The allocation of purchase price recorded for Finxact was finalized in the fourth quarter of 2022 as follows:
(In millions) |
Cash | $ | 27 |
Other net assets | 1 |
Intangible assets | 105 |
Goodwill | 670 |
Total consideration | $ | 803 |
Less: Fair value of previously held equity interest | (131) |
Total purchase price | $ | 672 |
The allocation of purchase price recorded for Ondot was finalized in the third quarter of 2021 as follows:
(In millions) |
Cash and cash equivalents | $ | 13 |
Receivables and other assets | 9 |
Intangible assets | 142 |
Goodwill | 173 |
Payables and other liabilities | (31) |
Total consideration | $ | 306 |
Less: Fair value of previously held equity interest | (22) |
Total purchase price | $ | 284 |
Schedule of values and weighted-average useful life allocated to intangible assets | The amounts allocated to identifiable intangible assets were as follows:
(In millions) | Gross Carrying Amount |  | Weighted-Average Useful Life
Acquired software and technology | $ | 90 |  |  | 6 years
Trade name | 9 |  |  | 5 years
Customer relationships | 6 |  |  | 8 years
Total | $ | 105 |  |  | 6 years
The amounts allocated to identifiable intangible assets were as follows:
(In millions) | Gross Carrying Amount |  | Weighted-Average Useful Life
Acquired software and technology | $ | 25 |  |  | 6 years
Customer relationships and other | 27 |  |  | 4 years
Total | $ | 52 |  |  | 5 years
The amounts allocated to identifiable intangible assets were as follows:
(In millions) | Gross Carrying Amount |  | Weighted-Average Useful Life
Customer relationships | $ | 90 |  |  | 17 years
Residual buyouts | 20 |  |  | 8 years
Acquired software and technology | 6 |  |  | 7 years
Non-compete agreements and other | 11 |  |  | 5 years
Total | $ | 127 |  |  | 14 years
The amounts allocated to identifiable intangible assets were as follows:
(In millions) | Gross Carrying Amount |  | Weighted-Average Useful Life
Acquired software and technology | $ | 90 |  |  | 6 years
Customer relationships | 35 |  |  | 6 years
Non-compete agreements and other | 17 |  |  | 4 years
Total | $ | 142 |  |  | 6 years
The amounts allocated to identifiable intangible assets for other acquisitions acquired in 2022 were as follows:
(In millions) | Gross Carrying Amount |  | Weighted-Average Useful Life
Acquired software and technology | $ | 12 |  |  | 7 years
Customer relationships | 11 |  |  | 10 years
Total | $ | 23 |  |  | 9 years
The amounts allocated to identifiable intangible assets for other acquisitions acquired in 2021 were as follows:
(In millions) | Gross Carrying Amount |  | Weighted-Average Useful Life
Acquired software and technology | $ | 31 |  |  | 6 years
Customer relationships | 9 |  |  | 10 years
Residual buyouts | 7 |  |  | 5 years
Total | $ | 47 |  |  | 7 years
The amounts allocated to identifiable intangible assets for other acquisitions acquired in 2020 were as follows:
(In millions) | Gross Carrying Amount |  | Weighted-Average Useful Life
Customer relationships | $ | 32 |  |  | 14 years
Residual buyouts | 35 |  |  | 9 years
Acquired software and technology | 14 |  |  | 8 years
Total | $ | 81 |  |  | 11 years

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- Definition Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
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