v3.20.4
Other Assets (Tables)
12 Months Ended
Dec. 31, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Assets
The table below presents other assets by type.
 
    As of December  
     
$ in millions
 
 
2020
 
    2019  
Property, leasehold improvements and equipment
 
 
$23,147
 
    $21,886  
Goodwill
 
 
4,332
 
    4,196  
Identifiable intangible assets
 
 
630
 
    641  
Operating lease
right-of-use
assets
 
 
2,280
 
    2,360  
Income
tax-related
assets
 
 
2,960
 
    2,068  
Miscellaneous receivables and other
 
 
 
4,096
 
    3,731  
Total
 
 
$37,445
 
    $34,882  
Carrying Value of Goodwill
The table below presents the carrying value of goodwill by reporting unit.
 
    As of December  
     
$ in millions
 
 
2020
 
     2019  
Investment Banking
 
 
$  
 
281
 
     $   281  
Global Markets:
                
FICC
 
 
269
 
     269  
Equities
 
 
2,644
 
     2,508  
Asset Management
 
 
390
 
     390  
Consumer & Wealth Management:
                
Consumer banking
 
 
48
 
     48  
Wealth management
 
 
700
 
     700  
Total
 
 
$4,332
 
     $4,196  
Identifiable Intangible Assets by Segment and Type
The table below presents identifiable intangible assets by reporting unit and type.
 
    As of December  
     
$ in millions
 
 
2020
 
     2019  
By Reporting Unit
                
Global Markets:
                
FICC
 
 
$       
 
2
 
     $        3  
Equities
 
 
45
 
      
Asset Management
 
 
274
 
     265  
Consumer & Wealth Management:
                
Consumer banking
 
 
6
 
     7  
Wealth management
 
 
303
 
     366  
Total
 
 
$   
 
630
 
     $    641  
 
By Type
                
Customer lists
                
Gross carrying value
 
 
$ 1,478
 
     $ 1,427  
Accumulated amortization
 
 
(1,089
     (1,044
Net carrying value
 
 
389
 
     383  
 
Acquired leases and other
                
Gross carrying value
 
 
710
 
     790  
Accumulated amortization
 
 
(469
     (532
Net carrying value
 
 
241
 
     258  
 
Total gross carrying value
 
 
2,188
 
     2,217  
Total accumulated amortization
 
 
(1,558
     (1,576
Total net carrying value
 
 
$   
 
630
 
     $    641  
Amortization Expense
The tables below present information about the amortization of identifiable intangible assets.
 
    Year Ended December  
       
$ in millions
 
 
2020
 
     2019        2018  
Amortization
 
 
$147
 
     $173        $152  
Estimated Future Amortization
$ in millions
 
 
As of
December 2020
 
 
Estimated future amortization
       
2021
 
 
$111
 
2022
 
 
$  94
 
2023
 
 
$  84
 
2024
 
 
$  68
 
2025
 
 
$  49