Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

The changes in the carrying amount of goodwill attributable to operating segments are reflected in the table below. Based on the results of the impairment assessments, there were no impairments for the periods presented. Truist did not observe any factors that would more-likely-than-not reduce the fair value of a reporting unit below its respective carrying amount as of period-end. For 2019, the goodwill added for mergers and acquisitions primarily relates to the Merger. Effective at the close of the Merger, the operating segments were realigned and goodwill allocated to the new segments based on the relative fair value of the underlying reporting units, as applicable. Refer to "Note 2. Business Combinations" and "Note 21. Operating Segments" for additional information. For 2018, the goodwill added for mergers and acquisitions relates to the July 2, 2018, acquisition of Regions Insurance from Regions Financial Corporation, which resulted in $201 million of goodwill and$175 million of identifiable intangible assets in the IH segment.



(Dollars in millions)	CB&W		C&CB		IH		Total
Goodwill, January 1, 2018	$	3,907	$	3,938	$	1,773	$	9,618
Mergers and acquisitions	—		—		201		201
Adjustments	(1)		—		—		(1)
Goodwill, December 31, 2018	$	3,906	$	3,938	$	1,974	$	9,818
Mergers and acquisitions	10,134		4,187		21		14,342
Adjustments	—		—		(6)		(6)
Goodwill, December 31, 2019	$	14,040	$	8,125	$	1,989	$	24,154

The following table, which excludes fully amortized intangibles, presents information for identifiable intangible assets:



	Weighted Average Remaining Amortization Period	2019															2018
December 31, (Dollars in millions)				Gross Carrying Amount			Accumulated Amortization			Net Carrying Amount			Gross Carrying Amount			Accumulated Amortization			Net Carrying Amount
CDI	10.3 years	$	2,474		$	(365)		$	2,109		$	605		$	(460)		$	145
Other, primarily client relationship intangibles	10.9	1,808			(775)			1,033			1,329			(716)			613
Total		$	4,282		$	(1,140)		$	3,142		$	1,934		$	(1,176)		$	758

The estimated amortization expense of identifiable intangibles for the next five years and thereafter is presented as follows:


Year Ended December 31, (Dollars in millions)
			2020			2021			2022			2023			2024			Thereafter
Estimated amortization expense	$	702		$	527		$	431		$	341		$	273		$	868