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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2024
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, 2024 and 2023. Goodwill is presented separately, while other intangible assets and MSRs are included in other assets on our consolidated balance sheets. Table 7.1: Components of Goodwill, Other Intangible Assets and MSRs
|  | December 31, 2024
(Dollars in millions) |  | Carrying Amount of Assets |  | Accumulated Amortization |  | Net Carrying Amount |  | Weighted Average Remaining Amortization Period
Goodwill |  | $ | 15,059 |  |  | N/A |  | $ | 15,059 |  |  | N/A
Other intangible assets: |  |  |  |  |  |  |  |
Purchased credit card relationship (“PCCR”) intangibles |  | 369 |  |  | $ | (164) |  |  | 205 |  |  | 6.1 years
Other(1) |  | 134 |  |  | (106) |  |  | 28 |  |  | 5.1 years
Total other intangible assets |  | 503 |  |  | (270) |  |  | 233 |  |  | 6.0 years
Total goodwill and other intangible assets |  | $ | 15,562 |  |  | $ | (270) |  |  | $ | 15,292 |  |  |
Commercial MSRs(2) |  | $ | 653 |  |  | $ | (309) |  |  | $ | 344 |  |  |
|  | December 31, 2023
(Dollars in millions) |  | Carrying Amount of Assets |  | Accumulated Amortization |  | Net Carrying Amount |  | Weighted Average Remaining Amortization Period
Goodwill |  | $ | 15,065 |  |  | N/A |  | $ | 15,065 |  |  | N/A
Other intangible assets: |  |  |  |  |  |  |  |
Purchased credit card relationship (“PCCR”) intangibles |  | 369 |  |  | $ | (96) |  |  | 273 |  |  | 7.1 years
Other(1) |  | 171 |  |  | (134) |  |  | 37 |  |  | 5.7 years
Total other intangible assets |  | 540 |  |  | (230) |  |  | 310 |  |  | 6.9 years
Total goodwill and other intangible assets |  | $ | 15,605 |  |  | $ | (230) |  |  | $ | 15,375 |  |  |
Commercial MSRs(2) |  | $ | 653 |  |  | $ | (263) |  |  | $ | 390 |  |  |
__________ (1)Primarily consists of intangibles for sponsorship, customer and merchant relationships, domain names and licenses. (2)Commercial MSRs are accounted for under the amortization method under which we recorded $77 million and $88 million of amortization expense for the years ended December 31, 2024 and 2023, respectively.
Goodwill by Business Segments | The following table presents changes in the carrying amount of goodwill by each of our business segments for the years ended December 31, 2024, 2023 and 2022. We did not recognize any goodwill impairment during 2024, 2023 and 2022. Table 7.2: Goodwill by Business Segments
(Dollars in millions) |  | Credit Card |  | Consumer Banking |  | Commercial Banking |  | Total
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 |
Acquisitions |  | 273 |  |  | 0 |  |  | 0 |  |  | 273 |
Other adjustments(1) |  | 15 |  |  | 0 |  |  | 0 |  |  | 15 |
Balance as of December 31, 2023 |  | $ | 5,366 |  |  | $ | 4,645 |  |  | $ | 5,054 |  |  | $ | 15,065 |
Other adjustments(1) |  | (6) |  |  | 0 |  |  | 0 |  |  | (6) |
Balance as of December 31, 2024 |  | $ | 5,360 |  |  | $ | 4,645 |  |  | $ | 5,054 |  |  | $ | 15,059 |
__________ (1)Primarily represents foreign currency translation adjustments. The following table summarizes the actual amortization expense recorded for the years ended December 31, 2024, 2023, 2022 and the estimated future amortization expense for intangible assets as of December 31, 2024: Table 7.3: Amortization Expense
(Dollars in millions) |  | Amortization Expense
Actual for the year ended December 31, |  |
2022 |  | $ | 60 |
2023 |  | 82 |
2024 |  | 77 |
Estimated future amounts for the year ending December 31, |  |
2025 |  | 65 |
2026 |  | 52 |
2027 |  | 41 |
2028 |  | 31 |
2029 |  | 21 |
Thereafter |  | 15 |
Total estimated future amounts |  | $ | 225 |

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