Bank of America Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

The table below presents goodwill balances by business segment at September 30, 2014 and December 31, 2013. The reporting units utilized for goodwill impairment testing are the operating segments or one level below. For additional information, see Note 8 – Goodwill and Intangible Assets to the Consolidated Financial Statements of the Corporation's 2013 Annual Report on Form 10-K.



Goodwill
(Dollars in millions)	September 30 2014		December 31 2013
Consumer & Business Banking	$	31,681	$	31,681
Global Wealth & Investment Management	9,698		9,698
Global Banking	22,377		22,377
Global Markets	5,197		5,197
All Other	831		891
Total goodwill	$	69,784	$	69,844

Intangible Assets

The table below presents the gross carrying value and accumulated amortization for intangible assets at September 30, 2014 and December 31, 2013.



Intangible Assets ^{(1, 2)}
	September 30, 2014						December 31, 2013
(Dollars in millions)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Purchased credit card relationships	$	5,543	$	4,479	$	1,064	$	6,160	$	4,849	$	1,311
Core deposit intangibles	1,779		1,350		429		3,592		3,055		537
Customer relationships	4,025		2,559		1,466		4,025		2,281		1,744
Affinity relationships	1,572		1,265		307		1,575		1,197		378
Other intangibles	2,045		462		1,583		2,045		441		1,604
Total intangible assets	$	14,964	$	10,115	$	4,849	$	17,397	$	11,823	$	5,574


⁽¹⁾	Excludes fully amortized intangible assets.


⁽²⁾	At September 30, 2014 and December 31, 2013, none of the intangible assets were impaired.

Schedule of Amortization Expense

The table below presents intangible asset amortization expense for the three and nine months ended September 30, 2014 and 2013.



Amortization Expense
	Three Months Ended September 30				Nine Months Ended September 30
(Dollars in millions)	2014		2013		2014		2013
Purchased credit card and Affinity relationships	$	105	$	118	$	312	$	356
Core deposit intangibles	36		25		108		150
Customer relationships	87		116		268		280
Other intangibles	6		11		20		34
Total amortization expense	$	234	$	270	$	708	$	820

Schedule of Future Intangible Asset Amortization Expense

The table below presents estimated future intangible asset amortization expense at September 30, 2014.



Estimated Future Amortization Expense
(Dollars in millions)	Remainder of 2014		2015		2016		2017		2018		2019
Purchased credit card and Affinity relationships	$	104	$	358	$	299	$	239	$	180	$	121
Core deposit intangibles	32		122		105		91		80		7
Customer relationships	87		340		325		310		302		286
Other intangibles	5		16		9		6		3		1
Total estimated future amortization expense	$	228	$	836	$	738	$	646	$	565	$	415