| 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.
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Goodwill |
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December 31 |
(Dollars in millions) |
2017 |
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2016 |
Consumer Banking |
$ |
30,123 |
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$ |
30,123 |
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Global Wealth & Investment Management |
9,677 |
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9,681 |
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Global Banking |
23,923 |
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23,923 |
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Global Markets |
5,182 |
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5,197 |
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All Other |
46 |
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820 |
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Less: Goodwill of business held for sale (1)
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— |
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(775 |
) |
Total goodwill |
$ |
68,951 |
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$ |
68,969 |
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(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.
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| Intangible Assets |
The table below presents the gross and net carrying values and accumulated amortization for intangible assets at December 31, 2017 and 2016.
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Intangible Assets (1, 2)
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Gross
Carrying Value |
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Accumulated
Amortization |
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Net
Carrying Value |
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Gross
Carrying Value |
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Accumulated
Amortization |
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Net
Carrying Value |
(Dollars in millions) |
December 31, 2017 |
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December 31, 2016 |
Purchased credit card and affinity relationships |
$ |
5,919 |
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$ |
5,604 |
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$ |
315 |
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$ |
6,830 |
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$ |
6,243 |
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$ |
587 |
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Core deposit and other intangibles (3)
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3,835 |
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2,140 |
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1,695 |
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3,836 |
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2,046 |
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1,790 |
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Customer relationships |
3,886 |
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3,584 |
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302 |
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3,887 |
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3,275 |
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612 |
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Total intangible assets (4)
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$ |
13,640 |
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$ |
11,328 |
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$ |
2,312 |
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$ |
14,553 |
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$ |
11,564 |
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$ |
2,989 |
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(1) |
Excludes fully amortized intangible assets. |
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(2) |
At December 31, 2017 and 2016, none of the intangible assets were impaired.
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(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.
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(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.
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