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Goodwill and Intangible Assets
 9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Core Deposit Intangibles GOODWILL AND INTANGIBLES
The following table summarizes the carrying value of goodwill by reporting unit at September 30, 2024 and December 31, 2023.
(in millions)September 30, 2024December 31, 2023
Commercial Bank$473 $473 
Retail Bank101 101 
Wealth Management61 61 
Total$635 $635 
The annual test of goodwill impairment was performed as of the beginning of the third quarter 2024. The Corporation first assessed qualitative factors to determine whether it was more likely than not that the fair value of any reporting unit was less than its carrying amount, including goodwill. Qualitative factors included economic conditions, industry and market considerations, cost factors, overall financial performance and performance of the Corporation's stock, among other events and circumstances. At the conclusion of the qualitative assessment in third quarter 2024, the Corporation determined that it was more likely than not that the fair value of each reporting unit exceeded its carrying value.
Analyzing goodwill includes consideration of various factors that involve a degree of uncertainty, including the impacts of monetary policy actions, foreign developments, and unanticipated legislative or regulatory changes, among other factors that could cause the fair value of one or more of the reporting units to fall below their carrying value, resulting in a goodwill impairment charge in the future. Any impairment charge would not affect the Corporation's regulatory capital ratios, tangible equity ratio or liquidity position.