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)

3 Months Ended

Mar. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

The table below presents goodwill balances by business segment at March 31, 2015 and December 31, 2014. 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 2014 Annual Report on Form 10-K.



Goodwill
(Dollars in millions)	March 31 2015		December 31 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	835		836
Total goodwill	$	69,776	$	69,777

Intangible Assets

The table below presents the gross carrying value and accumulated amortization for intangible assets at March 31, 2015 and December 31, 2014.



Intangible Assets ^{(1, 2)}
	March 31, 2015						December 31, 2014
(Dollars in millions)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Purchased credit card relationships	$	5,457	$	4,555	$	902	$	5,504	$	4,527	$	977
Core deposit intangibles	1,779		1,414		365		1,779		1,382		397
Customer relationships	4,025		2,735		1,290		4,025		2,648		1,377
Affinity relationships	1,557		1,297		260		1,565		1,283		282
Other intangibles	2,045		471		1,574		2,045		466		1,579
Total intangible assets	$	14,863	$	10,472	$	4,391	$	14,918	$	10,306	$	4,612


⁽¹⁾	Excludes fully amortized intangible assets.


⁽²⁾	At March 31, 2015 and December 31, 2014, none of the intangible assets were impaired.

Schedule of Amortization Expense

The table below presents intangible asset amortization expense for the three months ended March 31, 2015 and 2014.



Amortization Expense
	Three Months Ended March 31
(Dollars in millions)	2015		2014
Purchased credit card and Affinity relationships	$	89	$	105
Core deposit intangibles	32		36
Customer relationships	87		91
Other intangibles	5		7
Total amortization expense	$	213	$	239

Schedule of Future Intangible Asset Amortization Expense

The table below presents estimated future intangible asset amortization expense as of March 31, 2015.



Estimated Future Amortization Expense
(Dollars in millions)	Remainder of 2015		2016		2017		2018		2019		2020
Purchased credit card and Affinity relationships	$	268	$	299	$	239	$	180	$	121	$	62
Core deposit intangibles	91		104		90		80		—		—
Customer relationships	253		325		310		302		—		—
Other intangibles	10		9		6		3		2		—
Total estimated future amortization expense	$	622	$	737	$	645	$	565	$	123	$	62