Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets (Tables)

v3.3.1.900
Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill
The table below presents goodwill balances by business segment at December 31, 2015 and 2014. The reporting units utilized for goodwill impairment testing are the operating segments or one level below.
 
 
 
 
Goodwill (1)
 
 
 
 
 
 
 
 
December 31
(Dollars in millions)
2015
 
2014
Consumer Banking
$
30,123

 
$
30,123

Global Wealth & Investment Management
9,698

 
9,698

Global Banking
23,923

 
23,923

Global Markets
5,197

 
5,197

All Other
820

 
836

Total goodwill
$
69,761

 
$
69,777


(1) 
There was no goodwill in LAS at December 31, 2015 and 2014.
Intangible Assets
The table below presents the gross and net carrying values and accumulated amortization for intangible assets at December 31, 2015 and 2014.
 
 
 
 
 
 
 
 
 
 
 
 
Intangible Assets (1, 2)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31
 
2015
 
2014
(Dollars in millions)
Gross
Carrying Value
 
Accumulated
Amortization
 
Net
Carrying Value
 
Gross
Carrying Value
 
Accumulated
Amortization
 
Net
Carrying Value
Purchased credit card relationships
$
5,450

 
$
4,755

 
$
695

 
$
5,504

 
$
4,527

 
$
977

Core deposit intangibles
1,779

 
1,505

 
274

 
1,779

 
1,382

 
397

Customer relationships
3,927

 
2,990

 
937

 
4,025

 
2,648

 
1,377

Affinity relationships
1,556

 
1,356

 
200

 
1,565

 
1,283

 
282

Other intangibles (3)
2,143

 
481

 
1,662

 
2,045

 
466

 
1,579

Total intangible assets
$
14,855

 
$
11,087

 
$
3,768

 
$
14,918

 
$
10,306

 
$
4,612


(1) 
Excludes fully amortized intangible assets.
(2) 
At December 31, 2015 and 2014, none of the intangible assets were impaired.
(3) 
Includes intangible assets associated with trade names that have an indefinite life and, accordingly, are not amortized.
Schedule of Amortization Expense
The tables below present intangible asset amortization expense for 2015, 2014 and 2013, and estimated future intangible asset amortization expense as of December 31, 2015.
 
 
 
 
 
 
Amortization Expense
 
 
 
 
 
 
 
 
 
 
 
(Dollars in millions)
2015
 
2014
 
2013
Purchased credit card and affinity relationships
$
356

 
$
415

 
$
475

Core deposit intangibles
122

 
140

 
197

Customer relationships
340

 
355

 
371

Other intangibles
16

 
26

 
43

Total amortization expense
$
834

 
$
936

 
$
1,086

Schedule of Future Intangible Asset Amortization Expense
 
 
 
 
 
 
 
 
 
 
Estimated Future Amortization Expense
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Dollars in millions)
2016
 
2017
 
2018
 
2019
 
2020
Purchased credit card and affinity relationships
$
298

 
$
237

 
$
179

 
$
121

 
$
60

Core deposit intangibles
104

 
90

 
80

 

 

Customer relationships
325

 
310

 
302

 

 

Other intangibles
10

 
6

 
4

 
2

 

Total estimated future amortization expense
$
737

 
$
643

 
$
565

 
$
123

 
$
60