Capital One 2013 Annual Report Download - page 216

CAPITAL ONE FINANCIAL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
NOTE 7—GOODWILL AND OTHER INTANGIBLE ASSETS
The table below displays the components of goodwill, other intangible assets and MSRs as of December 31, 2013
and 2012. Goodwill is presented separately on our consolidated balance sheets. Other intangible assets and MSRs
are included in other assets on our consolidated balance sheets.
Table 7.1: Components of Goodwill and Other Intangible Assets
December 31,
(Dollars in millions) 2013 2012
Goodwill .................................................................. $13,978 $13,904
Other intangible assets:
Purchased credit card relationship intangibles(1) ................................ 1,341 1,864
Core deposit intangibles .................................................. 331 496
Other(2) ................................................................ 177 211
Total other intangible assets ................................................... 1,849 2,571
Total goodwill and other intangible assets ........................................ $15,827 $16,475
MSRs:
Consumer MSRs(3) ...................................................... 73 55
Commercial MSRs(4) ..................................................... 132 —
Total MSRs ................................................................ $ 205 $ 55
(1) During 2013, purchased credit card relationship intangibles with a net carrying value of $89 million related to the Best Buy loan
portfolio, which was acquired in the 2012 U.S. card acquisition and sold in 2013. See “Note 4—Loans” for further discussion of the
Portfolio Sale.
(2) Consists of brokerage relationship intangibles, partnership and other contract intangibles, trademark/name intangibles and other
intangibles. Also includes certain indefinite-lived intangibles of $4 million as of December 31, 2013.
(3) Represent MSRs related to our consumer business that are carried at fair value on our consolidated financial statements.
(4) Represent MSRs related to our commercial business that are subsequently measured under the amortization method and periodically
assessed for impairment. We recorded $3 million amortization expense for the year ended December 31, 2013. None of these MSRs were
impaired and no valuation allowance was recorded as of December 31, 2013.
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