Other Assets (Tables)
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12 Months Ended |
Dec. 31, 2015 |
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| Table Text Block [Abstract] |
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| Other assets |
The following is a summary of Other assets as of December 31: | (Millions) | | 2015 | | 2014 | | Goodwill | | $ | 2,749 | | $ | 3,024 | | Deferred tax assets, net(a) | | | 2,231 | | | 2,110 | | Prepaid expenses(b) | | | 851 | | | 1,626 | | Other intangible assets, at amortized cost | | | 796 | | | 854 | | Community Reinvestment Act Tax Credit investments | | | 638 | | | 622 | | Restricted cash(c) | | | 477 | | | 384 | | Derivative assets(a) | | | 282 | | | 711 | | Other | | | 2,045 | | | 2,011 | | Total | | $ | 10,069 | | $ | 11,342 |
- Refer to Notes 14 and 21 for a discussion of derivative assets and deferred tax assets, net, respectively, as of December 31, 2015 and 2014. For 2015 and 2014, $80 million and $96 million, respectively, of foreign deferred tax liabilities is reflected in Other Liabilities. Derivative assets reflect the impact of master netting agreements.
- Includes prepaid miles and reward points acquired primarily from airline partners of approximately $0.3 billion and $1.1 billion as of December 31, 2015 and 2014, respectively, including approximately nil and $0.6 billion, respectively, from Delta.
- Includes restricted cash of approximately $155 million and $64 million as of December 31, 2015 and 2014, respectively, which is primarily held for coupon and certain asset-backed securitization maturities.
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| Changes in carrying amount of goodwill |
Goodwill The changes in the carrying amount of goodwill reported in the Company’s reportable operating segments and Corporate & Other were as follows: | | | | | | | | | | | | | | Corporate & | | | | | (Millions) | USCS | ICS | GCS | GNMS | | Other | Total | | Balance as of January 1, 2014 | | $ | 174 | | $ | 1,052 | | $ | 1,543 | | $ | 160 | | $ | 269 | | $ | 3,198 | | Acquisitions | | | ― | | | ― | | | ― | | | ― | | | ― | | | ― | | Dispositions | | | ― | | | ― | | | (102) | | | ― | | | ― | | | (102) | | Other, including foreign currency translation | | | ― | | | (70) | | | ― | | | ― | | | (2) | | | (72) | | Balance as of December 31, 2014 | | $ | 174 | | $ | 982 | | $ | 1,441 | | $ | 160 | | $ | 267 | | $ | 3,024 | | Acquisitions | | | ― | | | ― | | | ― | | | ― | | | ― | | | ― | | Dispositions | | | ― | | | ― | | | ― | | | ― | | | ― | | | ― | | Other, including impairment and foreign currency translation(a) | | | ― | | | (53) | | | ― | | | ― | | | (222) | | | (275) | | Balance as of December 31, 2015 | | $ | 174 | | $ | 929 | | $ | 1,441 | | $ | 160 | | $ | 45 | | $ | 2,749 |
Includes a $219 million impairment charge within Corporate & Other. Refer to Note 2 for additional information. |
| Components of other intangible assets |
The components of other intangible assets were as follows: | | | 2015 | | | 2014 | | (Millions) | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | | Customer relationships(a) | | $ | 1,506 | | $ | (836) | | $ | 670 | | $ | 1,455 | | $ | (754) | | $ | 701 | | Other | | | 231 | | | (105) | | | 126 | | | 255 | | | (102) | | | 153 | | Total | | $ | 1,737 | | $ | (941) | | $ | 796 | | $ | 1,710 | | $ | (856) | | $ | 854 |
Includes net intangibles related to airline partners of $255 million and $340 million as of December 31, 2015 and 2014, respectively, including approximately $165 million and $206 million, respectively, related to Delta. |
| Estimated amortization expense for other intangible assets |
Estimated amortization expense for other intangible assets over the next five years is as follows: | (Millions) | | | 2016 | | | 2017 | | | 2018 | | | 2019 | | | 2020 | | Estimated amortization expense | | $ | 174 | | $ | 156 | | $ | 146 | | $ | 106 | | $ | 76 |
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