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Other Assets | 12 Months Ended
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Dec. 31, 2017
Disclosure Text Block Abstract |
Other Assets | NOTE 7 Other Assets The following is a summary of Other assets as of December 31:
(Millions) |  | 2017 |  | 2016
Goodwill |  | $ | 3,009 |  | $ | 2,927
Deferred tax assets, net(a) |  |  | 1,647 |  |  | 2,336
Tax credit investments |  |  | 1,023 |  |  | 824
Other intangible assets, at amortized cost |  |  | 899 |  |  | 868
Prepaid expenses |  |  | 684 |  |  | 696
Restricted cash(b) |  |  | 336 |  |  | 286
Derivative assets(a) |  |  | 124 |  |  | 555
Other |  |  | 2,033 |  |  | 2,069
Total |  | $ | 9,755 |  | $ | 10,561
Refer to Notes 14 and 21 for a discussion of derivative assets and deferre d tax assets, net, as of December 31, 2017 and 2016. For 2017 and 2016, $98 million and $8 1 million, respectively, of foreign deferred tax liabilities is reflected in Other liabilities. Derivative assets reflect the impact of master netting agreements and cash collateral. Includes restricted cash available to settle obligations related to certain Card Member credit balances and customer deposits, as well as coupon and maturity obligations of consolidated VIEs. Goodwill The changes in the carrying amount of goodwill reported in the Company’s reportable operating segments and Corporate & Other were as follows:
(Millions) |  | USCS |  | ICNS |  | GCS |  | GMS |  | Corporate & Other |  | Total
Balance as of January 1, 2016 |  | $ | 122 |  | $ | 620 |  | $ | 1,715 |  | $ | 291 |  | $ | 1 |  | $ | 2,749
Acquisitions |  |  | ― |  |  | ― |  |  | ― |  |  | 201 |  |  | ― |  |  | 201
Dispositions |  |  | ― |  |  | ― |  |  | ― |  |  | ― |  |  | ― |  |  | ―
Other(a) |  |  | ― |  |  | (16) |  |  | (3) |  |  | (3) |  |  | (1) |  |  | (23)
Balance as of December 31, 2016 |  | $ | 122 |  | $ | 604 |  | $ | 1,712 |  | $ | 489 |  | $ | ― |  | $ | 2,927
Acquisitions |  |  | 4 |  |  | 15 |  |  | ― |  |  | ― |  |  | ― |  |  | 19
Dispositions |  |  | ― |  |  | ― |  |  | ― |  |  | ― |  |  | ― |  |  | ―
Other(a) |  |  | 1 |  |  | 41 |  |  | 12 |  |  | 9 |  |  | ― |  |  | 63
Balance as of December 31, 2017 |  | $ | 127 |  | $ | 660 |  | $ | 1,724 |  | $ | 498 |  | $ | ― |  | $ | 3,009
Primarily includes foreign currency translation. Accumul ated impairment losses were $220 million as of both December 31, 201 7 and 201 6. Other Intangible Assets The components of other intangible assets were as follows:
|  |  | 2017 |  |  | 2016
(Millions) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Customer relationships |  | $ | 1,863 |  | $ | (1,073) |  | $ | 790 |  | $ | 1,625 |  | $ | (895) |  | $ | 730
Other |  |  | 242 |  |  | (133) |  |  | 109 |  |  | 260 |  |  | (122) |  |  | 138
Total |  | $ | 2,105 |  | $ | (1,206) |  | $ | 899 |  | $ | 1,885 |  | $ | (1,017) |  | $ | 868
Amortization expense for the years ended December 31, 2017, 2016 and 2015 was $207 million, $194 million and $183 million, respectively. Intangible assets acquired in 2017 and 2016 are being amortized, on average, over 6 and 7 years, respectively. Estimated amortization expense for other intangible assets over the next five years is as follows:
(Millions) |  |  | 2018 |  |  | 2019 |  |  | 2020 |  |  | 2021 |  |  | 2022
Estimated amortization expense |  | $ | 221 |  | $ | 183 |  | $ | 156 |  | $ | 126 |  | $ | 98
TAX CREDIT INVESTMENTS The Company accounts for its tax credit investments, including Qualified Affordable Housing (QAH) investments, using the equity method of accounting. The Company had $1,023 million and $824 million in tax credit investments as of December 31, 2017 and 2016, respectively, included in Other assets on the Consolidated Balance Sheets, of which $1,018 million and $798 million, respectively, specifically related to QAH investments. Included in QAH inv estments as of December 31, 2017 and 201 6, the C ompany had $933 million and $701 million, respectively, specifically related to investments in unconsolidated VIEs for which the Company does not have a controlling financial interest. As of Decembe r 31, 2017, the Company ha d committed to provide funding related to certain of these QAH investments, which is expected to be paid between 201 8 and 20 32, resulting in a $373 million unfunded commitment reported in Other liabilities, of which $352 millio n specifically related to unconsolidated VIEs. In addition, the Company ha d contractual off-balance sheet obligations, which were not deemed probable of being drawn, to provi de additional funding up to $66 million for these QAH investments as of De cember 31, 2017, fully relate d to unconsolidated VIEs. During the years ended December 31, 2017 and 2016, the Company recognized equity method losses related to its QAH in vestments of $112 million and $43 million, respectively, which were recognized in Othe r, net expenses; and associated ta x credits of $74 million and $63 million, respectively, recognized in Income tax provision.

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