Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

v3.19.3
Goodwill and Intangible Assets
9 Months Ended
Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill
The table below presents goodwill balances by business segment and All Other at September 30, 2019 and December 31, 2018. The reporting units utilized for goodwill impairment testing are the operating segments or one level below.
 
 
 
 
Goodwill
 
 
 
 
 
 
 
(Dollars in millions)
September 30
2019
 
December 31
2018
Consumer Banking
$
30,123

 
$
30,123

Global Wealth & Investment Management
9,677

 
9,677

Global Banking
23,923

 
23,923

Global Markets
5,182

 
5,182

All Other
46

 
46

Total goodwill
$
68,951

 
$
68,951


Intangible Assets
At September 30, 2019 and December 31, 2018, the net carrying value of intangible assets was $1.7 billion and $1.8 billion. Both period ends included $1.6 billion of intangible assets associated with trade names, substantially all of which had an indefinite life and, accordingly, is not being amortized. Amortization of intangibles expense was $29 million and $84 million for the three and nine months ended September 30, 2019 compared to $134 million and $404 million for the same periods in 2018.