XML 30 R16.htm IDEA: XBRL DOCUMENT v3.10.0.1
Goodwill
 9 Months Ended
Sep. 30, 2018
Goodwill  
Goodwill

8. Goodwill

Business combinations entered into by the Bancorp typically include the acquisition of goodwill. Acquisition activity includes acquisitions in the respective period in addition to purchase accounting adjustments related to previous acquisitions. The Bancorp completed its annual goodwill impairment test as of September 30, 2018 by performing a qualitative assessment of goodwill at the reporting unit level to determine whether any indicators of impairment existed. In performing this qualitative assessment, the Bancorp evaluated events and circumstances since the last impairment analysis, macroeconomic conditions, banking industry and market conditions and key financial metrics of the Bancorp as well as reporting unit and overall Bancorp financial performance. After assessing the totality of the events and circumstances, the Bancorp determined that it was not more likely than not that the fair values of the Commercial Banking, Branch Banking and Wealth and Asset Management reporting units were less than their respective carrying amounts and, therefore, the first and second steps of the quantitative goodwill impairment test were deemed unnecessary.

Changes in the net carrying amount of goodwill, by reporting unit, for the nine months ended September 30, 2018 and 2017 were as follows:
CommercialBranchConsumerWealth and Asset
($ in millions)BankingBankingLendingManagementTotal
Goodwill $1,3631,6552151483,381
Accumulated impairment losses(750)-(215)-(965)
Net carrying value as of December 31, 2016$6131,655-1482,416
Acquisition activity---77
Net carrying value as of September 30, 2017$6131,655-1552,423
Net carrying value as of December 31, 2017$6131,655-1772,445
Acquisition activity17---17
Net carrying value as of September 30, 2018$6301,655-1772,462