Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.8.0.1
Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill
The table below presents goodwill balances by business segment and All Other at September 30, 2017 and December 31, 2016. The reporting units utilized for goodwill impairment testing are the operating segments or one level below. For additional information, see Note 8 – Goodwill and Intangible Assets to the Consolidated Financial Statements of the Corporation's 2016 Annual Report on Form 10-K.
 
 
 
 
Goodwill
 
 
 
(Dollars in millions)
September 30
2017
 
December 31
2016
Consumer Banking
$
30,123

 
$
30,123

Global Wealth & Investment Management
9,680

 
9,681

Global Banking
23,923

 
23,923

Global Markets
5,197

 
5,197

All Other
45

 
820

Less: Goodwill of business held for sale (1)

 
(775
)
Total goodwill
$
68,968

 
$
68,969


(1) 
Reflects the goodwill assigned to the non-U.S. consumer credit card business, which was included in assets of business held for sale on the Consolidated Balance Sheet at December 31, 2016.
Intangible Assets
The table below presents the gross and net carrying values and accumulated amortization for intangible assets at September 30, 2017 and December 31, 2016.
 
 
 
 
 
 
 
 
 
 
 
 
Intangible Assets (1, 2)
 
 
 
 
 
 
 
 
 
 
 
 
September 30, 2017
 
December 31, 2016
(Dollars in millions)
Gross
Carrying Value
 
Accumulated
Amortization
 
Net
Carrying Value
 
Gross
Carrying Value
 
Accumulated
Amortization
 
Net
Carrying Value
Purchased credit card and affinity relationships
$
5,919

 
$
5,553

 
$
366

 
$
6,830

 
$
6,243

 
$
587

Core deposit and other intangibles (3)
3,835

 
2,120

 
1,715

 
3,836

 
2,046

 
1,790

Customer relationships
3,886

 
3,509

 
377

 
3,887

 
3,275

 
612

Total intangible assets (4)
$
13,640

 
$
11,182

 
$
2,458

 
$
14,553

 
$
11,564

 
$
2,989


(1) 
Excludes fully amortized intangible assets.
(2) 
At both September 30, 2017 and December 31, 2016, none of the intangible assets were impaired.
(3) 
Includes $1.6 billion at both September 30, 2017 and December 31, 2016 of intangible assets associated with trade names that have an indefinite life and, accordingly, are not amortized.
(4) 
Includes $67 million at December 31, 2016 of intangible assets assigned to the non-U.S. consumer credit card business, which was included in assets of business held for sale on the Consolidated Balance Sheet at December 31, 2016.