Goodwill, Customer Relationships and Other Intangible Assets

9 Months Ended

Sep. 30, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill, Customer Relationships and Other Intangible Assets

Goodwill, Customer Relationships and Other Intangible Assets

Goodwill, customer relationships and other intangible assets consisted of the following:

	September 30, 2018		December 31, 2017
	(Dollars in millions)
Goodwill	$	9,360	9,360
Customer relationships, less accumulated amortization of $4,693 and $4,337	$	1,006	1,362
Other intangible assets, less accumulated amortization of $1,684 and $1,619	$	328	379

As of September 30, 2018, the gross carrying amount of goodwill, customer relationships and other intangible assets was $17.1 billion. The total amortization expense for intangible assets for the three and nine months ended September 30, 2018 totaled $144 million and $440 million and for the three and nine months ended September 30, 2017 totaled $166 million and $507 million, respectively.

We estimate that total amortization expense for intangible assets for the years ending December 31, 2018 through 2022 will be as follows:

	(Dollars in millions)
2018 (remaining three months)	$	141
2019	519
2020	452
2021	142
2022	38