Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill And Other Intangible Assets

Goodwill and Other Intangible Assets

On July 2, 2018, BB&T acquired Regions Insurance from Regions Financial Corporation, which resulted in $201 million of goodwill and $175 million of identifiable intangible assets in the IH segment. The intangible assets are being amortized over a weighted average term of 14.5 years based upon the estimated economic benefits received. All of the goodwill and identifiable intangible assets are deductible for tax purposes.

The changes in the carrying amount of goodwill attributable to operating segments are reflected in the table below:

Year Ended December 31, (Dollars in millions)	2018
	CB-Retail		CB-Commercial		FS&CF			IH		Total			2017			2016
Goodwill, beginning balance	$	3,724	$	3,862	$	259		$	1,773	$	9,618		$	9,638		$	8,548
Acquisitions	—		—		—			201		201			—			1,073
Adjustments	—		—		(1		)	—		(1		)	(20		)	17
Goodwill, ending balance	$	3,724	$	3,862	$	258		$	1,974	$	9,818		$	9,618		$	9,638

The following table, which excludes fully amortized intangibles, presents information for identifiable intangible assets:

		2018							2017
December 31, (Dollars in millions)	Wtd. Avg. Remaining Life	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
CDI	6.2 years	$	605	$	(460	)	$	145	$	605	$	(409	)	$	196
Other, primarily customer relationship intangibles	11.8	1,329		(716		)	613		1,211		(696		)	515
Total		$	1,934	$	(1,176	)	$	758	$	1,816	$	(1,105	)	$	711

The estimated amortization expense for the next five years is presented as follows:

Year Ended December 31, (Dollars in millions)
	2019		2020		2021		2022		2023
Estimated amortization expense of identifiable intangibles	$	121	$	104	$	90	$	78	$	56