Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Components of Goodwill, Intangible Assets and MSRs

The table below presents our goodwill, intangible assets and MSRs as of December 31, 2017 and 2016. Goodwill is presented separately, while intangible assets and MSRs are included in other assets on our consolidated balance sheets.

Table 7.1: Components of Goodwill, Intangible Assets and MSRs



	December 31, 2017
(Dollars in millions)	Carrying Amount of Assets		Accumulated Amortization			Net Carrying Amount		Remaining Amortization Period
Goodwill	$	14,533	N/A			$	14,533	N/A
Intangible assets:
Purchased credit card relationship (“PCCR”) intangibles	2,105		$	(1,844	)	261		3.6 years
Core deposit intangibles	1,149		(1,133		)	16		1.0 years
Other⁽¹⁾	300		(156		)	144		7.8 years
Total intangible assets	3,554		(3,133		)	421		4.9 years
Total goodwill and intangible assets	$	18,087	$	(3,133	)	$	14,954
MSRs:
Consumer MSRs⁽²⁾	$	92	N/A			$	92
Commercial MSRs⁽²⁾	355		$	(126	)	229
Total MSRs	$	447	$	(126	)	$	321

	December 31, 2016
(Dollars in millions)	Carrying Amount of Assets		Accumulated Amortization			Net Carrying Amount		Remaining Amortization Period
Goodwill	$	14,519	N/A			$	14,519	N/A
Intangible assets:
PCCR intangibles	2,151		$	(1,715	)	436		4.4 years
Core deposit intangibles	1,391		(1,345		)	46		2.0 years
Other⁽¹⁾	314		(131		)	183		8.7 years
Total intangible assets	3,856		(3,191		)	665		5.4 years
Total goodwill and intangible assets	$	18,375	$	(3,191	)	$	15,184
MSRs:
Consumer MSRs⁽²⁾	$	80	N/A			$	80
Commercial MSRs⁽²⁾	276		$	(82	)	194
Total MSRs	$	356	$	(82	)	$	274

__________


⁽¹⁾	Primarily consists of intangibles for sponsorship relationships, brokerage relationship intangibles, partnership and other contract intangibles and trade name intangibles.


⁽²⁾	Consumer MSRs are carried at fair value and commercial MSRs are accounted for under the amortization method on our consolidated balance sheets. We recorded $44 million and $31 million of amortization expense for the years ended December 31, 2017 and 2016, respectively.

Goodwill Attributable to Business Segments

The following table presents changes in the carrying amount of goodwill as well as goodwill attributable to each of our business segments as of December 31, 2017 and 2016. We did not recognize any goodwill impairment during 2017, 2016 or 2015.

Table 7.2: Goodwill Attributable to Business Segments



(Dollars in millions)	Credit Card			Consumer Banking		Commercial Banking		Total
Balance as of December 31, 2015	$	4,997		$	4,600	$	4,883	$	14,480
Acquisitions	36			0		18		54
Other adjustments⁽¹⁾	(15		)	0		0		(15		)
Balance as of December 31, 2016	5,018			4,600		4,901		14,519
Acquisitions	6			0		0		6
Other adjustments⁽¹⁾	8			0		0		8
Balance as of December 31, 2017	$	5,032		$	4,600	$	4,901	$	14,533

__________


⁽¹⁾	Represents foreign currency translation adjustments.

Schedule of Finite-Lived Intangible Assets Amortization Expenses and Future Amortization Expense

The following table summarizes the actual amortization expense recorded for the years ended December 31, 2017, 2016 and 2015 and the estimated future amortization expense for intangible assets as of December 31, 2017:

Table 7.3: Amortization Expense



(Dollars in millions)	Amortization Expense
Actual for the year ended December 31,
2015	$	430
2016	386
2017	245
Estimated future amounts for the year ended December 31,
2018	176
2019	108
2020	57
2021	27
2022	19
Thereafter	29
Total estimated future amounts	$	416