Other Assets (Tables)

3 Months Ended

Mar. 31, 2017

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Other Assets

The table below presents other assets by type.

	As of
$ in millions		March 2017	December 2016
Property, leasehold improvements and equipment		$13,372	$12,070
Goodwill and identifiable intangible assets		4,067	4,095
Income tax-related assets		5,592	5,550
Equity-method investments		221	219
Miscellaneous receivables and other		3,592	3,547
Total		$26,844	$25,481

Goodwill and Intangible Assets

The table below presents the carrying value of goodwill.

	As of
$ in millions		March 2017	December 2016
Investment Banking:
Financial Advisory		$     98	$     98
Underwriting		183	183
Institutional Client Services:
FICC Client Execution		269	269
Equities client execution		2,403	2,403
Securities Services		105	105
Investing & Lending		2	2
Investment Management		604	606
Total		$3,664	$3,666

The table below presents the carrying value of identifiable intangible assets.

	As of
$ in millions		March 2017	December 2016
Institutional Client Services:
FICC Client Execution		$  49	$  65
Equities client execution		128	141
Investing & Lending		114	105
Investment Management		112	118
Total		$403	$429

Intangible Assets Disclosure

The table below presents the gross carrying value, accumulated amortization and net carrying value of identifiable intangible assets.

	As of
$ in millions		March 2017		December 2016
Customer lists
Gross carrying value		$ 1,065		$ 1,065
Accumulated amortization		(853	)	(837	)
Net carrying value		212		228
Other
Gross carrying value		554		543
Accumulated amortization		(363	)	(342	)
Net carrying value		191		201
Total
Gross carrying value		1,619		1,608
Accumulated amortization		(1,216	)	(1,179	)
Net carrying value		$    403		$    429

In the table above:

• The net carrying value of other intangibles primarily includes intangible assets related to acquired leases and commodities transportation rights.

• During the three months ended March 2017 and March 2016, the firm acquired $20 million and $34 million, respectively, of intangible assets, primarily related to acquired leases, with a weighted average amortization period of three years.

Amortization Expense

The tables below present details about amortization of identifiable intangible assets.

	Three Months Ended March
$ in millions		2017	2016
Amortization		$41	$47

Estimated Future Amortization for Existing Identifiable Intangible Assets Through 2021

$ in millions	As of March 2017
Estimated future amortization
Remainder of 2017	$  94
2018	$116
2019	$  82
2020	$  30
2021	$  21
2022	$  16