XML 60 R37.htm IDEA: XBRL DOCUMENT v3.7.0.1
Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Gross Carrying Value of Intangible Assets And Accumulated Amortization
Table 9.1 presents the gross carrying value of intangible assets and accumulated amortization.
Table 9.1: Intangible Assets
 
June 30, 2017
 
 
December 31, 2016
 
(in millions)
Gross
carrying
value

 
Accumulated
amortization

 
Net
carrying
value

 
Gross
carrying
value

 
Accumulated
amortization

 
Net
carrying
value

Amortized intangible assets (1):
 
 
 
 
 
 
 
 
 
 
 
MSRs (2)
$
3,721

 
(2,322
)
 
1,399

 
3,595

 
(2,189
)
 
1,406

Core deposit intangibles
12,834

 
(11,641
)
 
1,193

 
12,834

 
(11,214
)
 
1,620

Customer relationship and other intangibles
3,934

 
(2,994
)
 
940

 
3,928

 
(2,839
)
 
1,089

Total amortized intangible assets
$
20,489

 
(16,957
)
 
3,532

 
20,357

 
(16,242
)
 
4,115

Unamortized intangible assets:
 
 
 
 
 
 
 
 
 
 
 
MSRs (carried at fair value) (2)
$
12,789

 
 
 
 
 
12,959

 
 
 
 
Goodwill
26,573

 
 
 
 
 
26,693

 
 
 
 
Trademark
14

 
 
 
 
 
14

 
 
 
 
(1)
Excludes fully amortized intangible assets.
(2)
See Note 8 (Mortgage Banking Activities) for additional information on MSRs.
Amortization Expense for Intangible Assets
Table 9.2 provides the current year and estimated future amortization expense for amortized intangible assets. We based our projections of amortization expense shown below on existing asset balances at June 30, 2017. Future amortization expense may vary from these projections.
Table 9.2: Amortization Expense for Intangible Assets
(in millions)
 
Amortized MSRs

 
Core deposit
intangibles

 
Customer
relationship
and other
intangibles (1)

 
Total

Six months ended June 30, 2017 (actual)
 
$
133

 
427

 
156

 
716

Estimate for the remainder of 2017
 
$
127

 
424

 
149

 
700

Estimate for year ended December 31,
 
 
 
 
 
 
 
2018
 
227

 
769

 
293

 
1,289

2019
 
201

 


 
108

 
309

2020
 
184

 


 
89

 
273

2021
 
159

 


 
76

 
235

2022
 
140

 


 
63

 
203

(1)
The six months ended June 30, 2017 balance includes $7 million for lease intangible amortization.
Allocation of Goodwill to Operating Segments
Table 9.3 shows the allocation of goodwill to our reportable operating segments.
Table 9.3: Goodwill
(in millions)
Community
Banking

 
Wholesale
Banking

 
Wealth and Investment Management

 
Consolidated
Company

December 31, 2015
$
16,849

 
7,475

 
1,205


25,529

Reduction in goodwill related to divested businesses and other
—

 
(84
)
 
—

 
(84
)
Goodwill from business combinations
—

 
1,518

 
—

 
1,518

June 30, 2016
$
16,849

 
8,909

 
1,205

 
26,963

December 31, 2016
$
16,849

 
8,585

 
1,259

 
26,693

Reclassification of goodwill held for sale to Other Assets (1)
—

 
(96
)
 
—

 
(96
)
Reduction in goodwill related to divested businesses and other
—

 
(24
)
 
—

 
(24
)
June 30, 2017 (1)
$
16,849

 
8,465

 
1,259

 
26,573

(1)
Goodwill classified as held-for-sale in other assets of $96 million as of June 30, 2017 relates to the sales agreement for Wells Fargo Insurance Services USA (and related businesses). No goodwill was classified as held-for-sale in other assets at December 31, 2016 and 2015.