Note 10 — Goodwill and Intangible Assets
The following table presents allocated Goodwill at December 31, 2006 and 2005 for each business segment and All Other.
| December 31 | ||
|---|---|---|
| (Dollars in millions) | 2006 | 2005 |
| Global Consumer and Small Business Banking |
$ |
$ |
| Global Corporate and Investment Banking | 21,331 | 21,292 |
| Global Wealth and Investment Management | 5,333 | 5,333 |
| All Other | 238 | 238 |
|
Total
|
$ |
$ |
The gross carrying values and accumulated amortization related to Intangible Assets at December 31, 2006 and 2005 are presented below:
| December 31 | ||||
|---|---|---|---|---|
| 2006 | 2005 | |||
| (Dollars in millions) | Gross Carrying Value |
Accumulated Amortization |
Gross Carrying Value |
Accumulated Amortization |
| Purchased credit card relationships |
$ |
$ |
$ |
$ |
| Core deposit intangibles | 3,850 | 2,396 | 3,661 | 1,881 |
| Affinity relationships | 1,650 | 205 | — | — |
| Other intangibles | 1,525 | 633 | 1,376 | 489 |
|
Total
|
$ |
$ |
$ |
$ |
For information on the impact of the MBNA merger, see Note 2 of the Consolidated Financial Statements.
Amortization of Intangibles expense was $1.8 billion, $809 million and $664 million in 2006, 2005 and 2004, respectively. The increase for the year ended December 31, 2006 was primarily due to the MBNA merger. The Corporation estimates the aggregate amortization expense will be approximately $1.5 billion, $1.3 billion, $1.2 billion, $1.0 billion and $900 million for 2007, 2008, 2009, 2010 and 2011, respectively.