Goodwill, Customer Relationships and Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Goodwill

Goodwill, customer relationships and other intangible assets consisted of the following:

	June 30, 2020		December 31, 2019
	(Dollars in millions)
Goodwill	$	21,469	21,534
Indefinite-life intangible assets	$	269	269
Other intangible assets subject to amortization:
Customer relationships, less accumulated amortization of $10,430 and $9,809	6,934		7,596
Capitalized software, less accumulated amortization of $3,138 and $2,957	1,612		1,599
Trade names and patents, less accumulated amortization of $105 and $91	88		103
Total other intangible assets, net	$	8,903	9,567

Schedule of Goodwill

The following table shows the rollforward of goodwill assigned to our reportable segments from December 31, 2019 through June 30, 2020:

	International and Global Accounts		Enterprise	Small and Medium Business	Wholesale	Consumer	Total
	(Dollars in millions)
As of December 31, 2019	$	2,670	4,738	3,259	3,813	7,054	21,534
Effect of foreign currency exchange rate change and other	(65)		—	—	—	—	(65)
As of June 30, 2020	$	2,605	4,738	3,259	3,813	7,054	21,469

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

We estimate that total amortization expense for intangible assets for the years ending December 31, 2020 through 2024 will be as follows:

	(Dollars in millions)
2020 (remaining six months)	$	859
2021	1,233
2022	1,004
2023	923
2024	858