Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Intangible assets consisted of the following:

	Estimated Life(a)		Amortization Method(b)			Balance
At December 31 (Dollars in Millions)						2014		2013
Goodwill				(c	)	$	9,389	$	9,205
Merchant processing contracts		9 years/8 years		SL/AC			174		229
Core deposit benefits		22 years/5 years		SL/AC			234		135
Mortgage servicing rights				(c	)		2,338		2,680
Trust relationships		10 years/6 years		SL/AC			97		122
Other identified intangibles		6 years/5 years		SL/AC			319		363
Total						$	12,551	$	12,734

(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)	2014		2013		2012
Merchant processing contracts	$	50	$	64	$	74
Core deposit benefits		38		41		60
Trust relationships		27		34		39
Other identified intangibles		84		84		101
Total	$	199	$	223	$	274

Estimated Amortization Expense

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

(Dollars in Millions)
2015	$	169
2016		139
2017		118
2018		97
2019		75

Changes in Carrying Value of Goodwill

The following table reflects the changes in the carrying value of goodwill for the years ended December 31, 2014, 2013 and 2012:

(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, 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
Goodwill acquired		–		–		37			20			–		57
Other(a)		–		–		–			5			–		5
Balance at December 31, 2013	$	1,605	$	3,514	$	1,565		$	2,521		$	–	$	9,205
Goodwill acquired		43		166		8			–			–		217
Other(a)		–		–		(3	)		(30	)		–		(33	)
Balance at December 31, 2014	$	1,648	$	3,680	$	1,570		$	2,491		$	–	$	9,389

(a) Other changes in goodwill include the effect of foreign exchange translation.