Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

The table below presents goodwill balances by business segment at December 31, 2014 and 2013. Effective January 1, 2015, the Corporation changed its basis of presentation related to its business segments. For more information on this realignment, see Note 1 – Summary of Significant Accounting Principles. As part of the realignment, the Corporation moved a portion of the Business Banking business, including $1.6 billion of goodwill, from the former Consumer & Business Banking segment to Global Banking. This business constitutes a new reporting unit, Business Banking Regions, within the Global Banking segment. The remaining portion of the Business Banking business will be evaluated with Deposits as a single reporting unit within Consumer Banking. Prior periods have been reclassified to conform to current period presentation.

The reporting units utilized for goodwill impairment testing are the operating segments or one level below.




Goodwill

	December 31
(Dollars in millions)	2014		2013
Consumer Banking	$	30,125	$	30,123
Global Wealth & Investment Management	9,698		9,698
Global Banking	23,923		23,923
Global Markets	5,197		5,197
All Other	834		903
Total goodwill	$	69,777	$	69,844

Intangible Assets

The table below presents the gross carrying value and accumulated amortization for intangible assets at December 31, 2014 and 2013.




Intangible Assets ^{(1, 2)}

	December 31
	2014						2013
(Dollars in millions)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Purchased credit card relationships	$	5,504	$	4,527	$	977	$	6,160	$	4,849	$	1,311
Core deposit intangibles	1,779		1,382		397		3,592		3,055		537
Customer relationships	4,025		2,648		1,377		4,025		2,281		1,744
Affinity relationships	1,565		1,283		282		1,575		1,197		378
Other intangibles	2,045		466		1,579		2,045		441		1,604
Total intangible assets	$	14,918	$	10,306	$	4,612	$	17,397	$	11,823	$	5,574


⁽¹⁾	Excludes fully amortized intangible assets.


⁽²⁾	At December 31, 2014 and 2013, none of the intangible assets were impaired.

Schedule of Amortization Expense

The table below presents intangible asset amortization expense for 2014, 2013 and 2012.




Amortization Expense

(Dollars in millions)	2014		2013		2012
Purchased credit card and Affinity relationships	$	415	$	475	$	556
Core deposit intangibles	140		197		254
Customer relationships	355		371		391
Other intangibles	26		43		63
Total amortization expense	$	936	$	1,086	$	1,264

Schedule of Future Intangible Asset Amortization Expense

The table below presents estimated future intangible asset amortization expense at December 31, 2014.




Estimated Future Amortization Expense

(Dollars in millions)	2015		2016		2017		2018		2019
Purchased credit card and Affinity relationships	$	358	$	299	$	239	$	180	$	121
Core deposit intangibles	122		105		91		80		7
Customer relationships	340		325		310		302		286
Other intangibles	16		9		6		3		1
Total estimated future amortization expense	$	836	$	738	$	646	$	565	$	415