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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2012
Changes in Carrying Amount of Goodwill

Changes in the carrying amount of goodwill by reporting unit are presented in the following table.

 

in millions    Key
Community
Bank
     Key
Corporate
Bank
     Total  

BALANCE AT DECEMBER 31, 2010

   $ 917        —        $             917  

Impairment losses based on results of interim impairment testing

     —          —          —    

BALANCE AT DECEMBER 31, 2011

     917        —          917  

Impairment losses based on results of interim impairment testing

     —          —          —    

Acquisition of Western New York branches

     62        —          62  

BALANCE AT DECEMBER 31, 2012

   $             979        —        $ 979  
  

 

 

    

 

 

    

 

 

 
Gross Carrying Amount and Accumulated Amortization of Intangible Assets

The following table shows the gross carrying amount and the accumulated amortization of intangible assets subject to amortization.

 

      2012      2011  

December 31,

in millions

   Gross Carrying
Amount
     Accumulated
Amortization
     Gross Carrying
Amount
     Accumulated
Amortization
 

Intangible assets subject to amortization:

           

Core deposit intangibles

   $                 105      $                 56      $                 65      $                 48  

PCCR intangibles (a)

     136        14        —          —    

Other intangible assets (b)

     142        142        142        142  

Total

   $ 383      $ 212      $ 207      $ 190  
  

 

 

    

 

 

    

 

 

    

 

 

 
    

 

 

    

 

 

    

 

 

    

 

 

 

 

(a) PCCR intangible assets related to the 2012 acquisition of credit card receivables from Elan Financial Services, Inc. ($135 million of PCCR at acquisition date) and Western New York Branches ($1 million of PCCR at acquisition date).

 

(b) Carrying amount and accumulated amortization excludes $18 million each at December 31, 2012, and 2011, related to the discontinued operations of Austin.