Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2012

Intangible Assets

Intangible assets consisted of the following:

	Estimated Life (a)		Amortization Method (b)			Balance
At December 31 (Dollars in Millions)						2012		2011
Goodwill					(c)	$	9,143	$	8,927
Merchant processing contracts		10 years/8 years		SL/AC			281		348
Core deposit benefits		22 years/5 years		SL/AC			176		232
Mortgage servicing rights					(c)		1,700		1,519
Trust relationships		14 years/6 years		SL/AC			149		166
Other identified intangibles		9 years/5 years		SL/AC			400		471
Total						$	11,849	$	11,663

(a) Estimated life represents the amortization period for assets subject to the straight line method and the weighted average or life of the underlying cash flows amortization period for intangibles subject to accelerated methods. If more than one amortization method is used for a category, the estimated life for each method is calculated and reported separately.

(b) Amortization methods:                SL = straight line method

AC = accelerated methods generally based on cash flows

(c) Goodwill is evaluated for impairment, but not amortized. Mortgage servicing rights are recorded at fair value, and are not amortized.

Aggregate Amortization Expense

Aggregate amortization expense consisted of the following:

Year Ended December 31 (Dollars in Millions)	2012		2011		2010
Merchant processing contracts	$	74	$	90	$	102
Core deposit benefits		60		81		102
Trust relationships		39		35		49
Other identified intangibles		101		93		114
Total	$	274	$	299	$	367

Estimated Amortization Expense

The estimated amortization expense for the next five years is as follows:

(Dollars in Millions)
2013	$	218
2014		171
2015		138
2016		111
2017		91

Changes in Carrying Value of Goodwill

The following table reflects the changes in the carrying value of goodwill for the years ended December 31, 2012, 2011 and 2010:

(Dollars in Millions)	Wholesale Banking and Commercial Real Estate		Consumer and Small Business Banking			Wealth Management and Securities Services			Payment Services			Treasury and Corporate Support		Consolidated Company
Balance at December 31, 2009	$	1,605	$	3,526		$	1,515		$	2,365		$	–	$	9,011
Goodwill acquired		–		9			5			–			–		14
Disposal		–		–			(57	)		–			–		(57	)
Other (a)		–		–			–			(14	)		–		(14	)
Balance at December 31, 2010	$	1,605	$	3,535		$	1,463		$	2,351		$	–	$	8,954
Other (a)		–		(21	)		–			(6	)		–		(27	)
Balance at December 31, 2011	$	1,605	$	3,514		$	1,463		$	2,345		$	–	$	8,927
Goodwill acquired		–		–			65			143			–		208
Other (a)		–		–			–			8			–		8
Balance at December 31, 2012	$	1,605	$	3,514		$	1,528		$	2,496		$	–	$	9,143

(a) Other changes in goodwill include a reclassification from goodwill to covered loans related to an FDIC-assisted acquisition for Consumer and Small Business Banking and the effect of foreign exchange translation for Payment Services.