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, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

The table below presents goodwill balances by business segment at September 30, 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)	September 30 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	820		836
Total goodwill	$	69,761	$	69,777

Intangible Assets

The table below presents the gross carrying value and accumulated amortization for intangible assets at September 30, 2015 and December 31, 2014.



Intangible Assets ^{(1, 2)}
	September 30, 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	$	5,475	$	4,709	$	766	$	5,504	$	4,527	$	977
Core deposit intangibles	1,779		1,477		302		1,779		1,382		397
Customer relationships	4,025		2,907		1,118		4,025		2,648		1,377
Affinity relationships	1,560		1,339		221		1,565		1,283		282
Other intangibles	2,045		479		1,566		2,045		466		1,579
Total intangible assets	$	14,884	$	10,911	$	3,973	$	14,918	$	10,306	$	4,612


⁽¹⁾	Excludes fully amortized intangible assets.


⁽²⁾	At September 30, 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 and nine months ended September 30, 2015 and 2014.



Amortization Expense
	Three Months Ended September 30				Nine Months Ended September 30
(Dollars in millions)	2015		2014		2015		2014
Purchased credit card and affinity relationships	$	89	$	105	$	267	$	312
Core deposit intangibles	31		36		94		108
Customer relationships	83		87		257		268
Other intangibles	4		6		14		20
Total amortization expense	$	207	$	234	$	632	$	708

Schedule of Future Intangible Asset Amortization Expense

The table below presents estimated future intangible asset amortization expense as of September 30, 2015.



Estimated Future Amortization Expense
(Dollars in millions)	Remainder of 2015		2016		2017		2018		2019		2020
Purchased credit card and affinity relationships	$	88	$	298	$	239	$	179	$	121	$	62
Core deposit intangibles	28		104		90		80		—		—
Customer relationships	83		325		310		302		—		—
Other intangibles	3		10		6		4		2		—
Total estimated future amortization expense	$	202	$	737	$	645	$	565	$	123	$	62