v3.20.4
Other Non-Interest Income and Expense (Tables)
 12 Months Ended
Dec. 31, 2020
Other Income and Expenses [Abstract]  
Schedule Of Other Non-Interest Income and Expense
The following is a detail of other non-interest income from continuing operations for the years ended December 31:
202020192018
 (In millions)
Bank-owned life insurance95 78 65 
Investment services fee income$84 $79 $71 
Commercial credit fee income77 73 71 
Valuation gain on equity investment(1)
50 — — 
Market value adjustments on employee benefit assets - defined benefit— 5 (6)
Market value adjustments on employee benefit assets- other12 11 (5)
Other miscellaneous income151 130 100 
$469 $376 $296 
______
(1)In the third quarter of 2020, the equity investee executed an initial public offering. The Company was subject to a conventional post-issuance 180 day lock-up period, which prevented the sale of its position until January 2021. The Company sold its position in January 2021 and recognized an immaterial gain.
The following is a detail of other non-interest expense from continuing operations for the years ended December 31:
202020192018
 (In millions)
Outside services$170 $189 $187 
Marketing94 97 92 
Professional, legal and regulatory expenses89 95 119 
Credit/checkcard expenses50 68 57
FDIC insurance assessments48 48 85 
Branch consolidation, property and equipment charges31 25 11 
Visa class B shares expense24 14 10 
Loss on early extinguishment of debt22 16 — 
Provision (credit) for unfunded credit losses(1)
— (6)(2)
Other miscellaneous expenses354 381 404 
$882 $927 $963 
______
(1)Upon adoption of CECL on January 1, 2020, the provision for credit losses presented within net interest income after provision for credit losses is the sum of the provision for loan losses and the provision for unfunded credit commitments. Prior to the adoption of CECL, the provision for unfunded commitments was included in other non-interest expense.