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Goodwill and Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Components of Goodwill, Intangible Assets and MSRs | The table below presents our goodwill, other intangible assets and MSRs as of December 31, 2022 and 2021. Goodwill is presented separately, while other intangible assets and MSRs are included in other assets on our consolidated balance sheets. Table 6.1: Components of Goodwill, Other Intangible Assets and MSRs
|  | December 31, 2022
(Dollars in millions) |  | Carrying Amount of Assets |  | Accumulated Amortization |  | Net Carrying Amount |  | Weighted Average Remaining Amortization Period
Goodwill |  | $ | 14,777 |  |  | N/A |  | $ | 14,777 |  |  | N/A
Other intangible assets: |  |  |  |  |  |  |  |
Purchased credit card relationship (“PCCR”) intangibles |  | 147 |  |  | $ | (26) |  |  | 121 |  |  | 7.8 years
Other(1) |  | 195 |  |  | (157) |  |  | 38 |  |  | 5.4 years
Total other intangible assets |  | 342 |  |  | (183) |  |  | 159 |  |  | 7.3 years
Total goodwill and other intangible assets |  | $ | 15,119 |  |  | $ | (183) |  |  | $ | 14,936 |  |  |
Commercial MSRs(2) |  | $ | 660 |  |  | $ | (223) |  |  | $ | 437 |  |  |
|  | December 31, 2021
(Dollars in millions) |  | Carrying Amount of Assets |  | Accumulated Amortization |  | Net Carrying Amount |  | Weighted Average Remaining Amortization Period
Goodwill |  | $ | 14,782 |  |  | N/A |  | $ | 14,782 |  |  | N/A
Other intangible assets: |  |  |  |  |  |  |  |
Purchased credit card relationship (“PCCR”) intangibles |  | 29 |  |  | $ | (10) |  |  | 19 |  |  | 5.9 years
Other(1) |  | 213 |  |  | (121) |  |  | 92 |  |  | 4.1 years
Total other intangible assets |  | 242 |  |  | (131) |  |  | 111 |  |  | 4.4 years
Total goodwill and other intangible assets |  | $ | 15,024 |  |  | $ | (131) |  |  | $ | 14,893 |  |  |
Commercial MSRs(2) |  | $ | 622 |  |  | $ | (202) |  |  | $ | 420 |  |  |
__________ (1)Primarily consists of intangibles for sponsorship, customer and merchant relationships, trade names and other customer contract intangibles. (2)Commercial MSRs are accounted for under the amortization method under which we recorded $93 million and $79 million of amortization expense for the years ended December 31, 2022 and 2021 , respectively.
Goodwill by Business Segments | Goodwill The following table presents changes in carrying amount of goodwill by each of our business segments as of December 31, 2022, 2021 and 2020. There were no changes in the carrying amount of goodwill by each of our business segments for the year ended December 31, 2020. We did not recognize any goodwill impairment during 2022, 2021 and 2020. Table 6.2: Goodwill by Business Segments
(Dollars in millions) |  | Credit Card |  | Consumer Banking |  | Commercial Banking |  | Total
Balance as of December 31, 2019 |  | $ | 5,088 |  |  | $ | 4,645 |  |  | $ | 4,920 |  |  | $ | 14,653 |
Balance as of December 31, 2020 |  | $ | 5,088 |  |  | $ | 4,645 |  |  | $ | 4,920 |  |  | $ | 14,653 |
Acquisitions |  | 0 |  |  | 0 |  |  | 130 |  |  | 130 |
Other adjustments(1) |  | (1) |  |  | 0 |  |  | 0 |  |  | (1) |
Balance as of December 31, 2021 |  | $ | 5,087 |  |  | $ | 4,645 |  |  | $ | 5,050 |  |  | $ | 14,782 |
Other adjustments(1) |  | (9) |  |  | 0 |  |  | 4 |  |  | (5) |
Balance as of December 31, 2022 |  | $ | 5,078 |  |  | $ | 4,645 |  |  | $ | 5,054 |  |  | $ | 14,777 |
__________ (1)Represents foreign currency translation adjustments and measurement period adjustments on prior period acquisitions
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | The following table summarizes the actual amortization expense recorded for the years ended December 31, 2022, 2021 and 2020 and the estimated future amortization expense for intangible assets as of December 31, 2022: Table 6.3: Amortization Expense
(Dollars in millions) |  | Amortization Expense
Actual for the year ended December 31, |  |
2020 |  | $ | 60 |
2021 |  | 29 |
2022 |  | 60 |
Estimated future amounts for the year ending December 31, |  |
2023 |  | 38 |
2024 |  | 31 |
2025 |  | 26 |
2026 |  | 19 |
2027 |  | 15 |
Thereafter |  | 21 |
Total estimated future amounts |  | $ | 150 |

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