Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

Goodwill

The table below presents goodwill balances by business segment at March 31, 2022 and December 31, 2021. The reporting units utilized for goodwill impairment testing are the operating segments or one level below.

Goodwill
	March 31		December 31
(Dollars in millions)	2022		2021
Consumer Banking	$	30,137	$	30,137
Global Wealth & Investment Management	9,677		9,677
Global Banking	24,026		24,026
Global Markets	5,182		5,182
Total goodwill	$	69,022	$	69,022

Intangible Assets

At March 31, 2022 and December 31, 2021, the net carrying value of intangible assets was $2.1 billion and $2.2 billion. At both March 31, 2022 and December 31, 2021, intangible assets included $1.6 billion of intangible assets associated with trade names, substantially all of which had an indefinite life and, accordingly, are not being amortized. Amortization of intangibles expense was $20 million and $17 million for the three months ended March 31, 2022 and 2021.