Business Acquisition (Tables)

3 Months Ended

Mar. 31, 2026

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Fair Value of Assets Acquired and Liabilities Assumed

The following table summarizes provisional information including the consideration transferred, fair value estimates of the assets acquired and liabilities assumed, and resulting goodwill as of the March 2, 2026 acquisition date:


Fair value of assets acquired:
Cash and cash equivalents	$	39
Acquired intangible assets	310
Other assets	42
Total assets acquired	391
Fair value of liabilities assumed:
Accrued expenses and other liabilities	86

Total liabilities assumed	86
Fair value of net identifiable assets acquired	$	305

Consideration transferred	$	636
Plus: Fair value of noncontrolling interest acquired (1)	16
Less: Fair value of net identifiable assets acquired	(305)
Goodwill	$	347

(1) Subsequent to the acquisition date, Schwab purchased the equity interest attributable to the noncontrolling party resulting in the subsidiary becoming 100%-owned by Schwab as of March 31, 2026.

Fair Values of Intangible Assets Acquired and Useful Lives

The following table summarizes the major classes of intangible assets acquired and their respective estimated fair values and weighted-average useful lives:


	Method Used to Estimate Fair Value	Fair Value		Weighted-Average Useful Life (Years)
Client relationships	Income Approach	$	205	9
Existing technology	Replacement Cost Approach	82		3
Data and trade names	Income Approach	23		6

Total acquired intangible assets		$	310