Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2015

Goodwill and Other Intangible Assets Disclosure [Abstract]

Goodwill by Business Segment

Note 8 Goodwill and Intangible Assets
Goodwill
Goodwill by business segment consisted of the following:
Table 82: Goodwill by Business Segment (a)
		June 30		December 31
In millions		2015		2014
Retail Banking		$	5,795	$	5,795
Corporate & Institutional Banking			3,244		3,244
Asset Management Group			64		64
	Total	$	9,103	$	9,103
(a)	The Residential Mortgage Banking and Non-Strategic Assets Portfolio business segments did not have any goodwill allocated to them as of June 30, 2015 and December 31, 2014.

Mortgage Servicing Rights

Table 83: Mortgage Servicing Rights
			Commercial MSRs				Residential MSRs
In millions			2015		2014		2015		2014
January 1		$	506	$	552	$	845	$	1,087
Additions:
	From loans sold with servicing retained		34		17		38		43
	Purchases		28		16		150		17
Changes in fair value due to:
	Time and payoffs (a)		(43)		(45)		(86)		(64)
	Other (b)		18		(25)		68		(116)
June 30		$	543	$	515	$	1,015	$	967
Related unpaid principal balance at June 30		$	144,416	$	143,226	$	115,454	$	110,933
(a)	Represents decrease in MSR value due to passage of time, including the impact from both regularly scheduled loan principal payments and loans that were paid down or paid off during the period.
(b)	Represents MSR value changes resulting primarily from market-driven changes in interest rates.

Commercial Mortgage Loan Servicing Assets - Key Valuation Assumptions

Table 84: Commercial Mortgage Loan Servicing Rights - Key Valuation Assumptions
		June 30			December 31
Dollars in millions		2015			2014
Fair value		$	543		$	506
Weighted-average life (years)			4.9			4.7
Weighted-average constant prepayment rate			5.94	%		8.03	%
	Decline in fair value from 10% adverse change	$	10		$	10
	Decline in fair value from 20% adverse change	$	20		$	19
Effective discount rate			7.62	%		6.59	%
	Decline in fair value from 10% adverse change	$	15		$	13
	Decline in fair value from 20% adverse change	$	29		$	26

Residential Mortgage Loan Servicing Assets - Key Valuation Assumptions

Table 85: Residential Mortgage Loan Servicing Rights - Key Valuation Assumptions
		June 30			December 31
Dollars in millions		2015			2014
Fair value		$	1,015		$	845
Weighted-average life (years)			6.7			6.1
Weighted-average constant prepayment rate			9.69	%		11.16	%
	Decline in fair value from 10% adverse change	$	41		$	36
	Decline in fair value from 20% adverse change	$	78		$	69
Weighted-average option adjusted spread			9.66	%		10.36	%
	Decline in fair value from 10% adverse change	$	37		$	31
	Decline in fair value from 20% adverse change	$	72		$	61

Fees from Mortgage Loan Servicing

Table 86: Fees from Mortgage and Other Loan Servicing
In millions	2015		2014
Six months ended June 30	$	248	$	256
Three months ended June 30	$	127	$	127

Other Intangible Assets

Table 87: Other Intangible Assets
		June 30		December 31
In millions		2015		2014
Gross carrying amount		$	1,499	$	1,502
Accumulated amortization			(1,064)		(1,009)
	Net carrying amount	$	435	$	493

Amortization Expense on Existing Intangible Assets

Table 88: Amortization Expense on Existing Other Intangible Assets
In millions
Six months ended June 30, 2015	$	58
Six months ended June 30, 2014		65
Remainder of 2015		56
2016		97
2017		83
2018		72
2019		61
2020		37