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Goodwill and Other Intangible Assets (Tables) | 6 Months Ended
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Jun. 30, 2025
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 June 30, 2025 and December 31, 2024. Goodwill and other intangible assets are presented separately, while MSRs are included in other assets on our consolidated balance sheets. Table 7.1: Components of Goodwill, Other Intangible Assets and MSRs
|  | June 30, 2025
(Dollars in millions) |  | Carrying Amount of Assets |  | Accumulated Amortization |  | Net Carrying Amount |  |
Goodwill |  | $ | 28,335 |  |  | N/A |  | $ | 28,335 |  |  |
Other intangible assets (definite lived): |  |  |  |  |  |  |  |
Purchased credit card relationships(1) |  | 10,669 |  |  | $ | (408) |  |  | 10,261 |  |  |
Network and financial partner relationships(2) |  | 1,500 |  |  | (16) |  |  | 1,484 |  |  |
Core deposit(2) |  | 1,040 |  |  | (24) |  |  | 1,016 |  |  |
Other(3) |  | 121 |  |  | (103) |  |  | 18 |  |  |
Total other intangible assets (definite lived): |  | 13,330 |  |  | (551) |  |  | 12,779 |  |  |
Other intangible assets (indefinite lived): |  |  |  |  |  |  |  |
Discover Network(2) |  | 3,100 |  |  | N/A |  | 3,100 |  |  |
Brand / Trade names(2) |  | 2,270 |  |  | N/A |  | 2,270 |  |  |
Other(4) |  | 8 |  |  | N/A |  | 8 |  |  |
Total other intangible assets (indefinite lived): |  | 5,378 |  |  | N/A |  | 5,378 |  |  |
Total other intangible assets |  | 18,708 |  |  | (551) |  |  | 18,157 |  |  |
Total goodwill and other intangible assets |  | $ | 47,043 |  |  | $ | (551) |  |  | $ | 46,492 |  |  |
Commercial MSRs(5) |  | $ | 649 |  |  | $ | (326) |  |  | $ | 323 |  |  |
|  | December 31, 2024
(Dollars in millions) |  | Carrying Amount of Assets |  | Accumulated Amortization |  | Net Carrying Amount |  |
Goodwill |  | $ | 15,059 |  |  | N/A |  | $ | 15,059 |  |  |
Other intangible assets (definite lived): |  |  |  |  |  |  |  |
Purchased credit card relationships |  | 369 |  |  | $ | (164) |  |  | 205 |  |  |
Other(3) |  | 126 |  |  | (106) |  |  | 20 |  |  |
Total other intangible assets (definite lived) |  | 495 |  |  | (270) |  |  | 225 |  |  |
Other intangible assets (indefinite lived): |  |  |  |  |  |  |  |
Other(4) |  | 8 |  |  | N/A |  | 8 |  |  |
Total other intangible assets (indefinite lived) |  | 8 |  |  | N/A |  | 8 |  |  |
Total other intangible assets |  | 503 |  |  | (270) |  |  | 233 |  |  |
Total goodwill and other intangible assets |  | $ | 15,562 |  |  | $ | (270) |  |  | $ | 15,292 |  |  |
Commercial MSRs(5) |  | $ | 653 |  |  | $ | (309) |  |  | $ | 344 |  |  |
__________ (1)Includes a carrying value of $10.3 billion of purchased credit card relationships related to the Transaction. (2)Intangible assets recognized as part of the Transaction. (3)Primarily consists of intangibles for customer, sponsor and merchant relationships. (4)Consists of license and domain names. (5)Commercial MSRs are accounted for under the amortization method. Amortization expense for intangible assets, which is presented separately in our consolidated statements of income, totaled $271 million and $287 million for the three and six months ended June 30, 2025, respectively. The following table summarizes the estimated future amortization expense for intangible assets as of June 30, 2025 for the next five fiscal years and thereafter: Table 7.2: Amortization Expense
(Dollars in millions) |  | Amortization Expense
Estimated future amounts for the period between July 1, 2025 and December 31, 2025 |  | $ | 1,053 |
2026 |  | 1,984 |
2027 |  | 1,798 |
2028 |  | 1,612 |
2029 |  | 1,428 |
2030 |  | 1,243 |
Thereafter |  | 3,661 |
Total estimated future amounts |  | $ | 12,779 |
Goodwill by Business Segments | The following table presents changes in the carrying amount of goodwill by each of our business segments as of June 30, 2025 and December 31, 2024. Table 7.3: Goodwill by Business Segments
(Dollars in millions) |  | Credit Card |  | Consumer Banking |  | Commercial Banking |  | Other(1) |  | Total
Balance as of December 31, 2024 |  | $ | 5,360 |  |  | $ | 4,645 |  |  | $ | 5,054 |  |  | $ | 0 |  |  | $ | 15,059 |
Acquisitions(1) |  | 0 |  |  | 0 |  |  | 0 |  |  | 13,242 |  |  | 13,242 |
Reductions in goodwill related to divestitures |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Other adjustments(2) |  | 34 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 34 |
Balance as of June 30, 2025 |  | $ | 5,394 |  |  | $ | 4,645 |  |  | $ | 5,054 |  |  | $ | 13,242 |  |  | $ | 28,335 |
__________ (1)The goodwill associated with the Transaction in the second quarter of 2025 is included in the Other category as of June 30, 2025 and will be reallocated to the appropriate business segments prior to the annual goodwill impairment test, which will be performed as of October 1, 2025. See “Note 2—Business Combinations and Discontinued Operations” for further details. (2)Primarily represents foreign currency translation adjustments.

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