Other Assets (Tables)

9 Months Ended

Sep. 30, 2019

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

Other Assets

The table below presents other assets by type

	As of
$ in millions		September 2019	December 2018
Property, leasehold improvements and equipment		$21,227	$18,317
Held-to-maturity securities		5,763	1,288
Goodwill and identifiable intangible assets		4,886	4,082
Operating lease right-of-use assets		2,363	–
Income tax-related assets		1,891	1,529
Miscellaneous receivables and other		4,510	5,424
Total		$40,640	$30,640

Debt Securities, Held-to-maturity

The table below presents information about held-to-maturity securities by type and tenor.

$ in millions	Amortized Cost	Fair Value	Weighted Average Yield
As of September 2019
Less than 5 years	$3,533	$3,628	2.40%
Greater than 5 years	1,526	1,584	2.25%
Total U.S. government obligations	5,059	5,212	2.35%
Less than 5 years	5	5	4.27%
Greater than 5 years	699	717	1.67%
Total securities backed by real estate	704	722	1.69%
Total held-to-maturity securities	$5,763	$5,934	2.27%
As of December 2018
Less than 5 years	$   498	$   511	3.08%
Total U.S. government obligations	498	511	3.08%
Less than 5 years	5	6	4.61%
Greater than 5 years	785	800	1.78%
Total securities backed by real estate	790	806	1.80%
Total held-to-maturity securities	$1,288	$1,317	2.29%

Carrying Value of Goodwill

The table below presents the carrying value of goodwill

	As of
$ in millions		September 2019	December 2018
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		91	91
Investment Management		1,047	609
Total		$4,196	$3,758

Identifiable Intangible Assets by Segment and Type

The table below presents identifiable intangible assets by segment and type.

	As of
$ in millions		September 2019		December 2018
By Segment
Institutional Client Services:
FICC Client Execution		$        5		$      10
Equities client execution		–		37
Investing & Lending		203		178
Investment Management		482		99
Total		$    690		$    324
By Type
Customer lists
Gross carrying value		$  1,427		$ 1,117
Accumulated amortization		(1,031	)	(970	)
Net carrying value		396		147
Acquired leases and other
Gross carrying value		815		636
Accumulated amortization		(521	)	(459	)
Net carrying value		294		177
Total gross carrying value		2,242		1,753
Total accumulated amortization		(1,552	)	(1,429	)
Total net carrying value		$    690		$    324

Amortization Expense

The tables below present information about the amortization of identifiable intangible assets.

	Three Months Ended September			Nine Months Ended September
$ in millions		2019	2018		2019	2018
Amortization		$52	$33		$134	$118

Estimated Future Amortization

$ in millions	As of September 2019
Estimated future amortization
Remainder of 2019	$  38
2020	$121
2021	$  92
2022	$  79
2023	$  74
2024	$  59