Intangible Assets

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL

Goodwill allocated to each reportable segment (each a reporting unit) at December 31 is presented as follows:



	2019		2018
	(In millions)
Corporate Bank	$	2,474	$	2,474
Consumer Bank	1,978		1,978
Wealth Management	393		377
	$	4,845	$	4,829

Regions assessed the indicators of goodwill impairment for all three reporting units as part of its annual impairment test, as of October 1, 2019, and through the date of the filing of this Annual Report, by performing a qualitative assessment of goodwill at the reporting unit level. In performing the qualitative assessment, the Company evaluated events and circumstances since the last impairment analysis, recent operating performance including reporting unit performance, changes in market capitalization, regulatory actions and assessments, changes in the business climate, company-specific factors and trends in the banking industry. The results of the qualitative assessment indicated that it was more likely than not that the estimated fair value of each reporting unit exceeded its carrying amount as of the test date; therefore, the quantitative goodwill impairment tests were deemed unnecessary.

OTHER INTANGIBLES

The following table presents other intangibles and related accumulated amortization as of December 31:



	2019		2018		2019		2018		2019		2018
	Gross Carrying Amount				Accumulated Amortization				Net Carrying Amount
	(In millions)
Core deposit intangibles	$	1,011	$	1,011	$	980	$	966	$	31	$	45
Purchased credit card relationship assets	175		175		140		129		35		46
Other—amortizing ⁽¹⁾	36		19		15		13		21		6
DUS license ⁽²⁾									15		15
Other—non-amortizing ⁽³⁾									3		3
	$	1,222	$	1,205	$	1,135	$	1,108	$	105	$	115

_________

(1) Includes intangible assets related to acquired trust services, trade names, intellectual property, customer relationships, and employee agreements.

(2) The DUS license is a non-amortizing intangible asset.

(3) Includes non-amortizing intangible assets related to other acquired trust services.

Core deposit intangibles and purchased credit card relationship assets are being amortized in other non-interest expense on an accelerated basis over their expected useful lives.

Regions purchased a DUS license in 2014. The intangible asset associated with the DUS license is a non-amortizing intangible asset. Refer to Note 7 for additional information related to this license.

The aggregate amount of amortization expense for core deposit intangibles, purchased credit card relationship assets, and other intangible assets is estimated as follows:



	Year Ended December 31
	(In millions)
2020	$	24
2021	20
2022	16
2023	12
2024	7

Identifiable intangible assets other than goodwill are reviewed at least annually, usually in the fourth quarter, for events or circumstances that could impact the recoverability of the intangible asset. Regions concluded that no impairment for any other identifiable intangible assets occurred during 2019, 2018 or 2017.