Bank of America Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets (Tables)

Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

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