Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets (Tables)

v3.8.0.1
Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill
The table below presents goodwill balances by business segment and All Other at December 31, 2017 and 2016. The reporting units utilized for goodwill impairment testing are the operating segments or one level below.
 
 
 
 
Goodwill
 
 
 
 
 
 
 
 
December 31
(Dollars in millions)
2017
 
2016
Consumer Banking
$
30,123

 
$
30,123

Global Wealth & Investment Management
9,677

 
9,681

Global Banking
23,923

 
23,923

Global Markets
5,182

 
5,197

All Other
46

 
820

Less: Goodwill of business held for sale (1)

 
(775
)
Total goodwill
$
68,951

 
$
68,969


(1) 
Reflects the goodwill assigned to the non-U.S. consumer credit card business, which was included in assets of business held for sale on the Consolidated Balance Sheet at December 31, 2016. In 2017, the Corporation sold its non-U.S. consumer credit card business.
Intangible Assets
The table below presents the gross and net carrying values and accumulated amortization for intangible assets at December 31, 2017 and 2016.
 
 
 
 
 
 
 
 
 
 
 
 
Intangible Assets (1, 2)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross
Carrying Value
 
Accumulated
Amortization
 
Net
Carrying Value
 
Gross
Carrying Value
 
Accumulated
Amortization
 
Net
Carrying Value
(Dollars in millions)
December 31, 2017
 
December 31, 2016
Purchased credit card and affinity relationships
$
5,919

 
$
5,604

 
$
315

 
$
6,830

 
$
6,243

 
$
587

Core deposit and other intangibles (3)
3,835

 
2,140

 
1,695

 
3,836

 
2,046

 
1,790

Customer relationships
3,886

 
3,584

 
302

 
3,887

 
3,275

 
612

Total intangible assets (4)
$
13,640

 
$
11,328

 
$
2,312

 
$
14,553

 
$
11,564

 
$
2,989


(1) 
Excludes fully amortized intangible assets.
(2) 
At December 31, 2017 and 2016, none of the intangible assets were impaired.
(3) 
Includes $1.6 billion at both December 31, 2017 and 2016 of intangible assets associated with trade names that have an indefinite life and, accordingly, are not amortized.
(4) 
Includes $67 million at December 31, 2016 of intangible assets assigned to the non-U.S. consumer credit card business, which was included in assets of business held for sale on the Consolidated Balance Sheet at December 31, 2016.