Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

The table below presents goodwill balances by business segment at March 31, 2016 and December 31, 2015. The reporting units utilized for goodwill impairment testing are the operating segments or one level below. For additional information, see Note 8 – Goodwill and Intangible Assets to the Consolidated Financial Statements of the Corporation's 2015 Annual Report on Form 10-K.



Goodwill
(Dollars in millions)	March 31 2016		December 31 2015
Consumer Banking	$	30,123	$	30,123
Global Wealth & Investment Management	9,698		9,698
Global Banking	23,923		23,923
Global Markets	5,197		5,197
All Other	820		820
Total goodwill	$	69,761	$	69,761

Intangible Assets

The table below presents the gross and net carrying values and accumulated amortization for intangible assets at March 31, 2016 and December 31, 2015.



Intangible Assets ^{(1, 2)}
	March 31, 2016						December 31, 2015
(Dollars in millions)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Purchased credit card relationships	$	5,427	$	4,791	$	636	$	5,450	$	4,755	$	695
Core deposit intangibles	1,779		1,532		247		1,779		1,505		274
Customer relationships	3,887		3,034		853		3,927		2,990		937
Affinity relationships	1,552		1,369		183		1,556		1,356		200
Other intangibles ⁽³⁾	2,143		484		1,659		2,143		481		1,662
Total intangible assets	$	14,788	$	11,210	$	3,578	$	14,855	$	11,087	$	3,768


⁽¹⁾	Excludes fully amortized intangible assets.


⁽²⁾	At March 31, 2016 and December 31, 2015, none of the intangible assets were impaired.


⁽³⁾	Includes intangible assets associated with trade names that have an indefinite life and, accordingly, are not amortized.

Schedule of Amortization Expense

The table below presents intangible asset amortization expense for the three months ended March 31, 2016 and 2015.



Amortization Expense
	Three Months Ended March 31
(Dollars in millions)	2016		2015
Purchased credit card and affinity relationships	$	74	$	89
Core deposit intangibles	27		32
Customer relationships	83		87
Other intangibles	3		5
Total amortization expense	$	187	$	213

Schedule of Future Intangible Asset Amortization Expense

The table below presents estimated future intangible asset amortization expense as of March 31, 2016.



Estimated Future Amortization Expense
(Dollars in millions)	Remainder of 2016		2017		2018		2019		2020		2021
Purchased credit card and affinity relationships	$	224	$	237	$	179	$	118	$	58	$	3
Core deposit intangibles	77		90		80		—		—		—
Customer relationships	242		309		302		—		—		—
Other intangibles	6		4		2		1		—		—
Total estimated future amortization expense	$	549	$	640	$	563	$	119	$	58	$	3