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Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Components of Goodwill, Intangible Assets and MSRs
The table below displays the components of goodwill, intangible assets and Mortgage Servicing Rights (“MSRs”) as of September 30, 2015 and December 31, 2014. Goodwill is presented separately on our consolidated balance sheets. Intangible assets and MSRs are included in other assets on our consolidated balance sheets.
Table 7.1: Components of Goodwill, Intangible Assets and MSRs
 
 
September 30, 2015
 
December 31, 2014
(Dollars in millions)
 
Carrying
Amount of
Assets
(1)
 
Accumulated Amortization(1)
 
Net
Carrying
Amount
 
Carrying
Amount of
Assets
(1)
 
Accumulated Amortization(1)
 
Net
Carrying
Amount
Goodwill
 
$
13,983

 
N/A

 
$
13,983

 
$
13,978

 
N/A

 
$
13,978

Intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
Purchased credit card relationship (“PCCR”) intangibles
 
2,156

 
$
(1,393
)
 
763

 
2,124

 
$
(1,152
)
 
972

Core deposit intangibles
 
1,771

 
(1,642
)
 
129

 
1,771

 
(1,569
)
 
202

Other(2)
 
239

 
(126
)
 
113

 
300

 
(158
)
 
142

Total intangible assets
 
4,166

 
(3,161
)
 
1,005

 
4,195

 
(2,879
)
 
1,316

Total goodwill and intangible assets
 
$
18,149

 
$
(3,161
)
 
$
14,988

 
$
18,173

 
$
(2,879
)
 
$
15,294

MSRs:
 
 
 
 
 
 
 
 
 
 
 
 
        Consumer MSRs(3)
 
$
63

 
N/A

 
$
63

 
$
53

 
N/A

 
$
53

        Commercial MSRs(4)
 
204

 
$
(44
)
 
160

 
171

 
$
(24
)
 
147

Total MSRs
 
$
267

 
$
(44
)
 
$
223

 
$
224

 
$
(24
)
 
$
200

__________
(1) 
Certain intangible assets that were fully amortized in prior periods were removed from our consolidated balance sheets.
(2) 
Primarily consists of brokerage relationship intangibles, partnership and other contract intangibles and trade name intangibles. Also includes certain indefinite-lived intangibles of $4 million as of both September 30, 2015 and December 31, 2014.
(3) 
Represents MSRs related to our Consumer Banking business that are carried at fair value on our consolidated balance sheets.
(4) 
Represents MSRs related to our Commercial Banking business that are subsequently measured under the amortization method and periodically assessed for impairment.
Goodwill Attributable to Business Segments
The following table presents goodwill attributable to each of our business segments as of September 30, 2015 and December 31, 2014.
Table 7.2: Goodwill Attributable to Business Segments
(Dollars in millions)
 
Credit
Card
 
Consumer
Banking
 
Commercial Banking
 
Total
Balance as of December 31, 2014
 
$
5,001

 
$
4,593

 
$
4,384

 
$
13,978

Acquisitions
 
1

 
7

 
0

 
8

Other adjustments
 
(3
)
 
0

 
0

 
(3
)
Balance as of September 30, 2015
 
$
4,999

 
$
4,600

 
$
4,384

 
$
13,983