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, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

The table below presents goodwill balances by business segment and All Other at September 30, 2018 and December 31, 2017. 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 2017 Annual Report on Form 10-K.




Goodwill

(Dollars in millions)	September 30 2018		December 31 2017
Consumer Banking	$	30,123	$	30,123
Global Wealth & Investment Management	9,677		9,677
Global Banking	23,923		23,923
Global Markets	5,182		5,182
All Other	46		46
Total goodwill	$	68,951	$	68,951

Intangible Assets

The table below presents the gross and net carrying values and accumulated amortization for intangible assets at September 30, 2018 and December 31, 2017.




Intangible Assets ^{(1, 2)}

	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Gross Carrying Value		Accumulated Amortization		Net Carrying Value
(Dollars in millions)	September 30, 2018						December 31, 2017
Purchased credit card and affinity relationships	$	5,919	$	5,721	$	198	$	5,919	$	5,604	$	315
Core deposit and other intangibles ⁽³⁾	3,835		2,201		1,634		3,835		2,140		1,695
Customer relationships	3,886		3,810		76		3,886		3,584		302
Total intangible assets	$	13,640	$	11,732	$	1,908	$	13,640	$	11,328	$	2,312


⁽¹⁾	Excludes fully amortized intangible assets.


⁽²⁾	At September 30, 2018 and December 31, 2017, none of the intangible assets were impaired.


⁽³⁾	Includes $1.6 billion at both September 30, 2018 and December 31, 2017 of intangible assets associated with trade names that have an indefinite life and, accordingly, are not amortized.