Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Components of Goodwill, Intangible Assets and MSRs

The table below presents our goodwill, other intangible assets and MSRs as of March 31, 2023 and December 31, 2022. Goodwill is presented separately, while other intangible assets and MSRs are included in other assets on our consolidated balance sheets.

Table 6.1: Components of Goodwill, Other Intangible Assets and MSRs

	March 31, 2023
(Dollars in millions)	Carrying Amount of Assets		Accumulated Amortization		Net Carrying Amount
Goodwill	$	14,779	N/A		$	14,779
Other intangible assets:
Purchased credit card relationship (“PCCR”) intangibles	369		$	(37)	332
Other(1)	164		(129)		35
Total other intangible assets	533		(166)		367
Total goodwill and other intangible assets	$	15,312	$	(166)	$	15,146
Commercial MSRs(2)	$	658	$	(233)	$	425
	December 31, 2022
(Dollars in millions)	Carrying Amount of Assets		Accumulated Amortization		Net Carrying Amount
Goodwill	$	14,777	N/A		$	14,777
Other intangible assets:
Purchased credit card relationship (“PCCR”) intangibles	147		$	(26)	121
Other(1)	195		(157)		38
Total other intangible assets	342		(183)		159
Total goodwill and other intangible assets	$	15,119	$	(183)	$	14,936
Commercial MSRs(2)	$	660	$	(223)	$	437

__________

(1)Primarily consists of intangibles for sponsorship, customer and merchant relationships, domain names and licenses.

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

Amortization expense for amortizable intangible assets, which is presented separately in our consolidated statements of income, totaled $14 million for both the three months ended March 31, 2023 and 2022.

Goodwill by Business Segments

Goodwill

The following table presents changes in carrying amount of goodwill by each of our business segments as of March 31, 2023 and December 31, 2022.

Table 6.2: Goodwill by Business Segments

(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking		Total
Balance as of December 31, 2022	$	5,078	$	4,645	$	5,054	$	14,777
Other adjustments(1)	2		0		0		2
Balance as of March 31, 2023	$	5,080	$	4,645	$	5,054	$	14,779

__________

(1)Represents foreign currency translation adjustments and measurement period adjustments on prior period acquisitions.

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]