Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2021

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 June 30, 2021 and December 31, 2020. Goodwill is presented separately, while intangible assets and MSRs are included in other assets on our consolidated balance sheets.

Table 6.1: Components of Goodwill, Intangible Assets and MSRs

	June 30, 2021
(Dollars in millions)	Carrying Amount of Assets		Accumulated Amortization		Net Carrying Amount
Goodwill	$	14,654	N/A		$	14,654
Intangible assets:
Purchased credit card relationship (“PCCR”) intangibles	148		$	(139)	9
Other(1)	183		(112)		71
Total intangible assets	331		(251)		80
Total goodwill and intangible assets	$	14,985	$	(251)	$	14,734
Commercial MSRs(2)	$	582	$	(189)	$	393
	December 31, 2020
(Dollars in millions)	Carrying Amount of Assets		Accumulated Amortization		Net Carrying Amount
Goodwill	$	14,653	N/A		$	14,653
Intangible assets:
PCCR intangibles	148		$	(138)	10
Other(1)	248		(168)		80
Total intangible assets	396		(306)		90
Total goodwill and intangible assets	$	15,049	$	(306)	$	14,743
Commercial MSRs(2)	$	542	$	(175)	$	367

__________

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

(2)Commercial MSRs are accounted for under the amortization method on our consolidated balance sheets.

Goodwill by Business Segments

The following table presents changes in carrying amount of goodwill by each of our business segments as of June 30, 2021 and December 31, 2020.

Table 6.2: Goodwill by Business Segments

(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking		Total
Balance as of December 31, 2020	$	5,088	$	4,645	$	4,920	$	14,653
Other adjustments(1)	1		0		0		1
Balance as of June 30, 2021	$	5,089	$	4,645	$	4,920	$	14,654

__________

(1)Represents foreign currency translation adjustments.