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Goodwill and Other Intangible Assets
3 Months Ended
Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill And Other Intangible Assets Goodwill and Other Intangible Assets
The changes in the carrying amount of goodwill attributable to operating segments are reflected in the table below. The adjustments for 2020 include measurement period adjustments to the fair value of acquired assets and liabilities and the reallocation net assets to the underlying reporting units. Adjustments to the fair value of acquired assets include a $193 million reduction in the fair value mark for loans and leases, and a $165 million increase in CDI and other intangibles, each recorded to goodwill net of deferred taxes. Adjustments to the reallocation of net assets to Truist's reporting units include updates to the estimated operating results, and the finalization of corporate expense allocations based on the various drivers that Truist applies in allocating such costs. Refer to “Note 2. Business Combinations” and “Note 17. Operating Segments” for additional information.

(Dollars in millions)CB&WC&CBIHTotal
Goodwill, January 1, 2019  $3,906  $3,938  $1,974  $9,818  
Mergers and acquisitions10,134  4,187  21  14,342  
Adjustments—  —  (6) (6) 
Goodwill, December 31, 2019  $14,040  $8,125  $1,989  $24,154  
Mergers and acquisitions—  —  31  31  
Adjustments1,483  (1,741) —  (258) 
Goodwill, March 31, 2020  $15,523  $6,384  $2,020  $23,927  
The following table, which excludes fully amortized intangibles, presents information for identifiable intangible assets:
 Weighted Average Remaining Amortization PeriodMarch 31, 2020December 31, 2019
(Dollars in millions)Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
CDI9.3 years$2,599  $(485) $2,114  $2,474  $(365) $2,109  
Other, primarily client relationship intangibles
11.21,873  (819) 1,054  1,808  (775) 1,033  
Total$4,472  $(1,304) $3,168  $4,282  $(1,140) $3,142  

Truist performed a qualitative assessment of current events and circumstances, including the effects of the COVID-19 pandemic, concluding that it was not more-likely-than-not that the fair value of one or more of its reporting units is below its respective carrying amount as of March 31, 2020, and therefore no triggering event occurred that required a quantitative goodwill impairment test.