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Goodwill and Other Intangible Assets
12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill And Other Intangible Assets Goodwill and Other Intangible Assets
The Company performed a quantitative goodwill impairment test for its CB&W, C&CB, and IH reporting units as of October 1, 2021. Based on the results of the impairment analyses, the Company concluded that the fair values of the reporting units exceed their respective carrying values; therefore, there was no goodwill impairment. The Company monitored events and circumstances during the fourth quarter of 2021, concluding that it was not more likely-than-not that the fair value of one or more of its reporting units is below its respective carrying amount as of December 31, 2021. Refer to “Note 1. Basis of Presentation” for additional information.

The changes in the carrying amount of goodwill attributable to operating segments are reflected in the table below. Activity during 2021 primarily reflects the acquisitions of Service Finance, LLC and Constellation Affiliated Partners. Adjustments for 2020 include measurement period adjustments to the fair value of acquired assets and liabilities and the reallocation of net assets to the underlying reporting units. Refer to "Note 2. Business Combinations" for additional information on the acquisitions and “Note 21. Operating Segments” for additional information on segments.
(Dollars in millions)CB&WC&CBIHTotal
Goodwill, January 1, 2020$14,040 $8,125 $1,989 $24,154 
Mergers and acquisitions— — 450 450 
Adjustments and other1,801 (1,958)— (157)
Goodwill, December 31, 202015,841 6,167 2,439 24,447 
Mergers and acquisitions1,168 — 556 1,724 
Adjustments and other(139)(18)84 (73)
Goodwill, December 31, 2021$16,870 $6,149 $3,079 $26,098 
The following table, which excludes fully amortized intangibles, presents information for identifiable intangible assets:
20212020
December 31,
(Dollars in millions)
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
CDI$2,563 $(1,190)$1,373 $2,600 $(852)$1,748 
Other, primarily client relationship intangibles
3,116 (1,081)2,035 2,217 (981)1,236 
Total$5,679 $(2,271)$3,408 $4,817 $(1,833)$2,984 
The following table presents the estimated amortization expense of identifiable intangibles as of December 31, 2021 for the next five years and thereafter:
(Dollars in millions)20222023202420252026Thereafter
Estimated amortization expense$528 $453 $396 $342 $295 $1,366