Wells Fargo 2010 Annual Report Download - page 161

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The gross carrying value of intangible assets and accumulated amortization was:
Note 10: Intangible Assets
December 31,
2010
2009
Gross
Net
Gross
Net
carrying
Accumulated
carrying
carrying
Accumulated
carrying
(in millions)
value
amortization
value
value
amortization
value
Amortized intangible assets:
MSRs (1) $
2,131
(712)
1,419
1,606
(487)
1,119
Core deposit intangibles
15,133
(6,229)
8,904
15,140
(4,366)
10,774
Customer relationship and other intangibles
3,077
(1,230)
1,847
3,050
(896)
2,154
Total amortized intangible assets $
20,341
(8,171)
12,170
19,796
(5,749)
14,047
MSRs (carried at fair value) (1) $
14,467
14,467
16,004
16,004
Goodwill
24,770
24,770
24,812
24,812
Trademark
14
14
14
14
(1) See Note 9 for additional information on MSRs.
We based our projections of amortization expense shown below on existing asset balances at December 31, 2010. Future amortization
expense may vary from these projections.
The following table provides the current year and estimated future amortization expense for amortized intangible assets.
Customer
Core
relationship
Amortized
deposit
and other
(in millions) MSRs
intangibles
intangibles
Total
Year ended December 31, 2010 (actual) $ 228
1,872
334
2,434
Estimate for year ended December 31,
2011 $ 247
1,593
286
2,126
2012 222
1,396
269
1,887
2013 189
1,241
249
1,679
2014 161
1,113
234
1,508
2015 139
1,022
212
1,373
159