v3.26.1
Goodwill and Other Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2026
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 March 31, 2026 and December 31, 2025. 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
March 31, 2026
(Dollars in millions)Carrying Amount of AssetsAccumulated AmortizationNet Carrying Amount
Goodwill$28,502 N/A$28,502 
     Other intangible assets (definite lived):
     Purchased credit card relationships
10,469 $(1,683)8,786 
     Network and financial partner relationships
1,500 (117)1,383 
     Core deposit
1,100 (172)928 
     Other(1)
115 (103)12 
     Total other intangible assets (definite lived):
13,184 (2,075)11,109 
     Other intangible assets (indefinite lived):
     Discover Network
2,700 N/A2,700 
     Brand / Trade names
2,270 N/A2,270 
     Other(2)
8 N/A8 
     Total other intangible assets (indefinite lived):
4,978 N/A4,978 
Total other intangible assets18,162 (2,075)16,087 
Total goodwill and other intangible assets$46,664 $(2,075)$44,589 
Commercial MSRs
$653 $(352)$301 
December 31, 2025
(Dollars in millions)Carrying Amount of AssetsAccumulated AmortizationNet Carrying Amount
Goodwill$28,509 N/A$28,509 
     Other intangible assets (definite lived):
     Purchased credit card relationships
10,469 $(1,274)9,195 
Network and financial partner relationships
1,500 (84)1,416 
Core deposit
1,100 (125)975 
     Other(1)
121 (107)14 
     Total other intangible assets (definite lived)
13,190 (1,590)11,600 
     Other intangible assets (indefinite lived):
     Discover Network
2,700 N/A2,700 
Brand / Trade names
2,270 N/A2,270 
     Other(2)
8 N/A8 
     Total other intangible assets (indefinite lived)
4,978 N/A4,978 
Total other intangible assets18,168 (1,590)16,578 
Total goodwill and other intangible assets$46,677 $(1,590)$45,087 
Commercial MSRs
$646 $(343)$303 
__________
(1)Primarily consists of intangibles for customer, sponsor and merchant relationships.
(2)Consists of license and domain names.
Amortization expense for intangible assets, which is presented separately in our consolidated statements of income, totaled $492 million for the three months ended March 31, 2026. The following table summarizes the estimated future amortization expense for intangible assets as of March 31, 2026 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 April 1, 2026 and December 31, 2026
$1,472 
Estimated future amounts for the year ending December 31,
20271,778 
20281,595 
20291,412 
20301,229 
20311,047 
Thereafter2,576 
Total estimated future amounts$11,109 
Goodwill by Business Segments
The following table presents changes in the carrying amount of goodwill by each of our business segments for March 31, 2026 and December 31, 2025.
Table 7.3: Goodwill by Business Segments
(Dollars in millions)Credit CardConsumer BankingCommercial BankingTotal
Balance as of December 31, 2025$11,915 $11,540 $5,054 $28,509 
Other adjustments(1)
(7)0 0 (7)
Balance as of March 31, 2026$11,908 $11,540 $5,054 $28,502 
__________
(1)Represents foreign currency translation adjustments.