Intangible Assets

9 Months Ended

Sep. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Note 9: Intangible Assets

The gross carrying value of intangible assets and accumulated amortization was:

			September 30, 2014					December 31, 2013
				Gross			Net	Gross			Net
				carrying	Accumulated		carrying	carrying	Accumulated		carrying
(in millions)				value	amortization		value	value	amortization		value
Amortized intangible assets (1):
	MSRs (2)		$	2,825		(1,601)	1,224	2,639		(1,410)	1,229
	Core deposit intangibles			12,834		(8,995)	3,839	12,834		(8,160)	4,674
	Customer relationship and other intangibles			3,151		(2,259)	892	3,145		(2,061)	1,084
		Total amortized intangible assets	$	18,810		(12,855)	5,955	18,618		(11,631)	6,987
Unamortized intangible assets:
	MSRs (carried at fair value) (2)		$	14,031				15,580
	Goodwill			25,705				25,637
	Trademark			14				14

• Excludes fully amortized intangible assets.
• See Note 8 (Mortgage Banking Activities)for additional information on MSRs.

The following table provides the current yearand estimated future amortization expense for amortized intangible assets. We based our projections of amortization expense shown below on existing asset balances at September 30, 2014.Future amortization expense may vary from these projections.

					Customer
				Core	relationship
		Amortized		deposit	and other
(in millions)		MSRs	intangibles		intangibles		Total
Nine months ended September 30, 2014 (actual)	$	191		835		198	1,224
Estimate for the remainder of 2014	$	62		278		61	401
Estimate for year ended December 31,
2015		234		1,022		223	1,479
2016		195		919		209	1,323
2017		152		851		194	1,197
2018		120		769		185	1,074
2019		103		-		9	112

For our goodwill impairment analysis, we allocate all of the goodwill to the individual operating segments. We identify reporting units that are one level below an operating segment (referred to as a component), and distinguish these reporting units based on how the segments and components are managed, taking into consideration the economic characteristics, nature of the products and customers of the components. At the time we acquire a business, we allocate goodwill to applicable reporting units based on their relative fair value, and if we have a significant business reorganization, we may reallocate the goodwill. See Note 18 (Operating Segments) for further information on management reporting.

The following table shows the allocation of goodwill to our reportable operating segments for purposes of goodwill impairment testing.

						Wealth,
			Community	Wholesale	Brokerage and		Consolidated
(in millions)			Banking	Banking		Retirement		Company
December 31, 2012 and September 30, 2013		$	17,922	7,344		371		25,637
December 31, 2013		$	17,922	7,344		371		25,637
	Reduction in goodwill related to divested businesses		-	(11)		-		(11)
	Goodwill from business combinations		-	87		-		87
	Other		(8)	-		-		(8)
September 30, 2014		$	17,914	7,420		371		25,705