Current report filing

Goodwill and Intangible Assets (Tables)

v2.4.0.6
Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2011
Goodwill and Intangible Assets [Abstract]  
Goodwill
The Goodwill table presents goodwill balances by business segment at December 31, 2011 and 2010. Effective January 1, 2012, the Corporation changed its basis of presentation from six to five segments. For more information on this realignment, see Note 26 – Business Segment Information. The reporting units utilized for goodwill impairment tests are the business segments or one level below. The majority of the decline in goodwill during 2011 was due to goodwill impairment charges as described in this Note.
 
 
 
 
Goodwill
 
 
 
 
 
 
 
 
December 31
(Dollars in millions)
2011
 
2010
Consumer & Business Banking
$
29,986

 
$
29,986

Consumer Real Estate Services

 
2,796

Global Banking
24,802

 
24,358

Global Markets
4,441

 
4,439

Global Wealth & Investment Management
9,928

 
9,928

All Other
810

 
2,354

Total goodwill
$
69,967

 
$
73,861

Intangible Assets
The table below presents the gross carrying amounts and accumulated amortization related to intangible assets at December 31, 2011 and 2010.
 
 
 
 
 
 
 
 
Intangible Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31
 
2011
 
2010
(Dollars in millions)
Gross
Carrying Value
 
Accumulated
Amortization
 
Gross
Carrying Value
 
Accumulated
Amortization
Purchased credit card relationships
$
6,948

 
$
4,775

 
$
7,162

 
$
4,085

Core deposit intangibles
3,903

 
2,915

 
5,394

 
4,094

Customer relationships
4,081

 
1,532

 
4,232

 
1,222

Affinity relationships
1,569

 
966

 
1,647

 
902

Other intangibles
2,476

 
768

 
3,087

 
1,296

Total intangible assets
$
18,977

 
$
10,956

 
$
21,522

 
$
11,599