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GOODWILL AND INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of goodwill | Changes in the carrying value of goodwill for the years ended December 31, 2019 and 2018 are presented below:
(in millions) | Consumer Banking |  | Commercial Banking |  | Total |
Balance at December 31, 2017 |  | $2,136 |  |  |  | $4,751 |  |  |  | $6,887 |
Business acquisition | 59 |  |  | — |  |  | 59 |
Adjustments (1) | (23 | ) |  | — |  |  | (23 | )
Balance at December 31, 2018 |  | $2,172 |  |  |  | $4,751 |  |  |  | $6,923 |
Business acquisitions | 83 |  |  | 35 |  |  | 118 |
Adjustments | 3 |  |  | — |  |  | 3 |
Balance at December 31, 2019 |  | $2,258 |  |  |  | $4,786 |  |  |  | $7,044 |
(1) Adjustments to goodwill are the result of an update to the purchase price allocation for the FAMC acquisition, given higher value attributed to purchased net assets.
Carrying value of intangible assets | A summary of the carrying value of intangible assets is presented below. Included in the carrying value at December 31, 2019 was $19 million and $5 million in other intangibles related to the Clarfeld and Bowstring acquisitions, respectively. Additionally, included in the carrying value at December 31, 2019 was $18 million related to the March 2019 purchase of naming rights for a theater in Boston, Massachusetts, and a sponsorship and promotion arrangement.
|  | December 31, 2019 |  | December 31, 2018
(in millions) | Amortizable Lives (years) | Gross | Accumulated Amortization | Net |  | Gross | Accumulated Amortization | Net
Acquired technology | 7 |  | $21 |  |  | $4 |  |  | $17 |  |  |  | $20 |  |  | $1 |  |  | $19 |
Acquired relationships | 5 - 15 | 37 |  | 5 |  | 32 |  |  | 11 |  | 1 |  | 10 |
Naming Rights | 10 | 11 |  | 1 |  | 10 |  |  | — |  | — |  | — |
Other | 2 - 7 | 13 |  | 4 |  | 9 |  |  | 3 |  | 1 |  | 2 |
Total |  |  | $82 |  |  | $14 |  |  | $68 |  |  |  | $34 |  |  | $3 |  |  | $31 |
Intangible assets future amortization expense | Estimated intangible asset amortization expense for the next five years is as follows:
(in millions) | Total
2020 |  | $11 |
2021 | 10 |
2022 | 9 |
2023 | 9 |
2024 | 8 |

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