beatandraise : SEC Filings Research with AI

beta

BANK OF AMERICA CORP /DE/

Exhibits

d10k.htm dex3a.htm dex10c.htm dex10e.htm dex10i.htm dex10p.htm dex10qq.htm dex10uu.htm dex10vv.htm dex10ww.htm dex10xx.htm dex10yy.htm dex10zz.htm dex10aaa.htm dex10bbb.htm dex10iii.htm dex10jjj.htm dex12.htm dex21.htm dex23.htm dex24a.htm dex24b.htm dex31a.htm dex31b.htm dex32a.htm dex32b.htm bac-20091231.xml R19.xml R29.xml R11.xml R10.xml R30.xml R8.xml R22.xml R31.xml R18.xml R32.xml R12.xml R3.xml R14.xml R15.xml R24.xml R20.xml R4.xml R27.xml R16.xml R28.xml R9.xml R6.xml R5.xml R23.xml defnref.xml R21.xml R13.xml R26.xml R1.xml R2.xml Financial_Report.xls R25.xml R7.xml R17.xml

Notes Support

about terms

beatandraise.com

beta

BANK OF AMERICA CORP /DE/

Statements

Exhibits

Notes Support

about terms

1.0.0.3 false Goodwill and Intangible Assets false 1 $ false false iso4217_USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 iso4217_USD_per_shares Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares 0 shares Standard http://www.xbrl.org/2003/instance shares 0 5 Goodwill and Intangible Assets 3 us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock us-gaap true na duration string No definition available. false false false false false false false false false 1 false false 0 0 <div> NOTE 10 – Goodwill and Intangible Assets The following table presents goodwill at December 31, 2009 and 2008, which includes $5.1 billion of goodwill from the acquisition of Merrill Lynch and $4.4 billion of goodwill from the acquisition of Countrywide. As discussed in more detail in Note 23 – Business Segment Information, the Corporation changed its basis of presentation from three segments to six segments effective January 1, 2009 in connection with the Merrill Lynch acquisition. The reporting units utilized for goodwill impairment tests are the business segments or one level below the business segments.     <table border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="82%"></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> </tr> <tr> <td height="12"></td> <td height="12" colspan="6"></td> </tr> <tr> <td valign="bottom"> </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">  </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" colspan="5" align="center">December 31</td> </tr> <tr> <td valign="bottom">(Dollars in millions)</td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">  </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" colspan="2" align="right">2009</td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">     </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" colspan="2" align="right">2008</td> </tr> <tr> <td valign="top"> Deposits </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">17,875</td> <td valign="bottom">    </td> <td valign="bottom">$</td> <td valign="bottom" align="right">17,805</td> </tr> <tr> <td valign="top"> Global Card Services </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">22,292</td> <td valign="bottom">    </td> <td valign="bottom"> </td> <td valign="bottom" align="right">22,271</td> </tr> <tr> <td valign="top"> Home Loans & Insurance </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">4,797</td> <td valign="bottom">    </td> <td valign="bottom"> </td> <td valign="bottom" align="right">4,797</td> </tr> <tr> <td valign="top"> Global Banking </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">27,550</td> <td valign="bottom">    </td> <td valign="bottom"> </td> <td valign="bottom" align="right">28,409</td> </tr> <tr> <td valign="top"> Global Markets </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">3,358</td> <td valign="bottom">    </td> <td valign="bottom"> </td> <td valign="bottom" align="right">2,080</td> </tr> <tr> <td valign="top"> Global Wealth & Investment Management </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">10,411</td> <td valign="bottom">    </td> <td valign="bottom"> </td> <td valign="bottom" align="right">6,503</td> </tr> <tr> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="top"> All Other </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">  </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">  </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" align="right">31</td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">     </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">  </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" align="right">69</td> </tr> <tr> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="top"> Total goodwill </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">  </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> $</td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" align="right">86,314</td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">     </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> $</td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" align="right">81,934</td> </tr> </table>   No goodwill impairment was recognized for 2009 and 2008. For more information on goodwill impairment testing, see the Goodwill and Intangible Assets section of Note 1 – Summary of Significant Accounting Principles. Based on the results of the annual impairment test at June 30, 2009, and due to continued stress on Home Loans & Insurance and Global Card Services as a result of current market conditions, the Corporation concluded that an additional impairment analysis should be performed for these two reporting units as of December 31, 2009. In performing the first step of the additional impairment analysis, the Corporation compared the fair value of each reporting unit to its carrying amount, including goodwill. Consistent with the annual test, the Corporation utilized a combination of the market approach and the income approach for Home Loans & Insurance and the income approach for Global Card Services. For Home Loans & Insurance the carrying value exceeded the fair value, and accordingly, the second step analysis of comparing the implied fair value of the reporting unit’s goodwill with the carrying amount of that goodwill was performed. Although Global Card Services passed step one of the goodwill impairment analysis, to further substantiate the value of the goodwill balance, the Corporation also performed the step two analysis for this reporting unit. The results of the second step of the goodwill impairment test, which were consistent with the results of the annual impairment test, indicated that no goodwill was impaired for 2009. The following table presents the gross carrying values and accumulated amortization related to intangible assets at December 31, 2009 and 2008. Gross carrying amounts include $5.4 billion of intangible assets related to the Merrill Lynch acquisition consisting of $800 million of core deposit intangibles, $3.1 billion of customer relationships and $1.5 billion of non-amortizing other intangibles.     <table border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="58%"></td> <td valign="bottom" width="6%"></td> <td></td> <td></td> <td valign="bottom" width="6%"></td> <td></td> <td></td> <td valign="bottom" width="6%"></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td valign="bottom" width="6%"></td> <td></td> <td></td> </tr> <tr> <td height="12"></td> <td height="12" colspan="14"></td> </tr> <tr> <td valign="bottom"> </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">  </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" colspan="13" align="center">December 31</td> </tr> <tr> <td valign="bottom"> </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">  </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" colspan="5" align="center">2009</td> <td valign="bottom">    </td> <td valign="bottom"> </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">  </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" colspan="5" align="center">2008</td> </tr> <tr> <td valign="bottom">(Dollars in millions)</td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">  </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" colspan="2" align="right">Gross Carrying Value</td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">     </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" colspan="2" align="right">Accumulated Amortization</td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">     </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">   </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">  </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" colspan="2" align="right">Gross Carrying Value</td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">     </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" colspan="2" align="right">Accumulated Amortization</td> </tr> <tr> <td valign="top"> Purchased credit card relationships </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">7,179</td> <td valign="bottom">    </td> <td valign="bottom">$</td> <td valign="bottom" align="right">3,452</td> <td valign="bottom">    </td> <td valign="bottom"></td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">7,080</td> <td valign="bottom">    </td> <td valign="bottom">$</td> <td valign="bottom" align="right">2,740</td> </tr> <tr> <td valign="top"> Core deposit intangibles </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">5,394</td> <td valign="bottom">    </td> <td valign="bottom"> </td> <td valign="bottom" align="right">3,722</td> <td valign="bottom">    </td> <td valign="bottom"></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">4,594</td> <td valign="bottom">    </td> <td valign="bottom"> </td> <td valign="bottom" align="right">3,284</td> </tr> <tr> <td valign="top"> Customer relationships </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">4,232</td> <td valign="bottom">    </td> <td valign="bottom"> </td> <td valign="bottom" align="right">760</td> <td valign="bottom">    </td> <td valign="bottom"></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,104</td> <td valign="bottom">    </td> <td valign="bottom"> </td> <td valign="bottom" align="right">259</td> </tr> <tr> <td valign="top"> Affinity relationships </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,651</td> <td valign="bottom">    </td> <td valign="bottom"> </td> <td valign="bottom" align="right">751</td> <td valign="bottom">    </td> <td valign="bottom"></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,638</td> <td valign="bottom">    </td> <td valign="bottom"> </td> <td valign="bottom" align="right">587</td> </tr> <tr> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="top"> Other intangibles </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">  </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">  </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" align="right">3,438</td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">     </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">  </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" align="right">1,183</td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">     </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">  </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">  </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">  </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" align="right">2,009</td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">     </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">  </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" align="right">1,020</td> </tr> <tr> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="top"> Total intangible assets </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">  </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> $</td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" align="right">21,894</td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">     </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> $</td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" align="right">9,868</td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">     </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">  </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">  </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> $</td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" align="right">16,425</td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">     </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> $</td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" align="right">7,890</td> </tr> </table>   Amortization of intangibles expense was $2.0 billion, $1.8 billion and $1.7 billion in 2009, 2008 and 2007, respectively. The Corporation estimates aggregate amortization expense will be approximately $1.8 bil lion, $1.6 billion, $1.4 billion, $1.2 billion and $1.0 billion for 2010 through 2014, respectively.   </div> NOTE 10 – Goodwill and Intangible Assets The following table presents goodwill at December 31, 2009 and 2008, which includes $5.1 billion of false false No definition available. No authoritative reference available. false false 1 1 false UnKnown UnKnown UnKnown false true