| Goodwill |
The table below presents goodwill balances by business segment and All Other at June 30, 2017 and December 31, 2016. The reporting units utilized for goodwill impairment testing are the operating segments or one level below. For more information, see Note 8 – Goodwill and Intangible Assets to the Consolidated Financial Statements of the Corporation's 2016 Annual Report on Form 10-K.
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Goodwill |
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(Dollars in millions) |
June 30
2017 |
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December 31
2016 |
Consumer Banking |
$ |
30,123 |
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$ |
30,123 |
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Global Wealth & Investment Management |
9,681 |
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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 |
5,197 |
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|
5,197 |
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All Other |
45 |
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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 |
$ |
68,969 |
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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. On June 1, 2017, the Corporation completed the sale of this business.
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| Intangible Assets |
The table below presents the gross and net carrying values and accumulated amortization for intangible assets at June 30, 2017 and December 31, 2016.
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Intangible Assets (1, 2)
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June 30, 2017 |
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December 31, 2016 |
(Dollars in millions) |
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 |
Purchased credit card and affinity relationships |
$ |
5,919 |
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$ |
5,502 |
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$ |
417 |
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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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|
2,095 |
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|
1,740 |
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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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|
3,433 |
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|
453 |
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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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$ |
11,030 |
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$ |
2,610 |
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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 June 30, 2017 and December 31, 2016, none of the intangible assets were impaired.
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(3) |
Includes $1.6 billion at both June 30, 2017 and December 31, 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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