Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

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Goodwill and Intangible Assets
 3 Months Ended
Mar. 31, 2020
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 March 31, 2020 and December 31, 2019. The reporting units utilized for goodwill impairment testing are the operating segments or one level below. For more information, see Note 7 – Goodwill and Intangible Assets to the Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K.
 
 
 
 
Goodwill
 
 
 
 
 
 
 
(Dollars in millions)
March 31
2020
 
December 31
2019
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 March 31, 2020 and December 31, 2019, the net carrying value of intangible assets was $1.6 billion and $1.7 billion. At March 31, 2020 and December 31, 2019, intangible assets included $1.6 billion of intangible assets associated with trade names, substantially all of which had an indefinite life and, accordingly, are not being amortized. Amortization of intangibles expense was $16 million and $26 million for the three months ended March 31, 2020 and 2019.