Goodwill

6 Months Ended

Jun. 30, 2019

Goodwill

Goodwill

11. GoodwillBusiness combinations entered into by the Bancorp typically result in the recognition of goodwill. Acquisition activity includes acquisitions in the respective period in addition to purchase accounting adjustments related to previous acquisitions. On March 22, 2019 the Bancorp completed its acquisition of MB Financial, Inc. In connection with the acquisition, the Bancorp recorded $1.8 billion of goodwill. Due to the timing of the acquisition, the Bancorp is in the process of completing its analysis of the allocation of the goodwill across its four business segments, therefore goodwill is presented as part of General Corporate and Other as of June 30, 2019.

Changes in the net carrying amount of goodwill, by reporting unit, for the six months ended June 30, 2019 and the year ended December 31, 2018 were as follows:
					Wealth	General
		Commercial	Branch	Consumer	and Asset	Corporate
($ in millions)		Banking	Banking	Lending	Management	and Other	Total
Goodwill	$	1,363	1,655	215	177	-	3,410
Accumulated impairment losses		(750)	-	(215)	-	-	(965)
Net carrying value as of December 31, 2017	$	613	1,655	-	177	-	2,445
Acquisition activity		17	-	-	16	-	33
Net carrying value as of December 31, 2018	$	630	1,655	-	193	-	2,478
Acquisition activity		-	-	-	-	1,809	1,809
Sale of business		-	-	-	(3)	-	(3)
Net carrying value as of June 30, 2019	$	630	1,655	-	190	1,809	4,284