Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 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 September 30, 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

	September 30, 2023
(Dollars in millions)	Carrying Amount of Assets		Accumulated Amortization		Net Carrying Amount
Goodwill	$	15,048	N/A		$	15,048
Other intangible assets:
Purchased credit card relationship (“PCCR”) intangibles	369		$	(76)	293
Other(1)	171		(132)		39
Total other intangible assets	540		(208)		332
Total goodwill and other intangible assets	$	15,588	$	(208)	$	15,380
Commercial MSRs(2)	$	654	$	(249)	$	405
	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.

Goodwill by Business Segments

Goodwill

The following table presents changes in the carrying amount of goodwill by each of our business segments for the nine months ended September 30, 2023.

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
Acquisitions	273		0		0		273
Other adjustments(1)	(2)		0		0		(2)
Balance as of September 30, 2023	$	5,349	$	4,645	$	5,054	$	15,048

__________

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