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GOODWILL AND INTANGIBLE ASSETS (Tables) | 3 Months Ended
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Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Change in carrying value of goodwill | The change in the carrying value of goodwill for the three months ended March 31, 2020 is presented below:
(in millions) | Consumer Banking |  | Commercial Banking |  | Total |
Balance at December 31, 2019 |  | $2,258 |  |  |  | $4,786 |  |  |  | $7,044 |
Business acquisitions | — |  |  | 6 |  |  | 6 |
Balance at March 31, 2020 |  | $2,258 |  |  |  | $4,792 |  |  |  | $7,050 |
Carrying value of intangible assets | A summary of the carrying value of intangible assets is presented below.
|  | March 31, 2020 |  | December 31, 2019
(in millions) | Amortizable Lives (years) | Gross | Accumulated Amortization | Net |  | Gross | Accumulated Amortization | Net
Acquired technology | 7 |  | $21 |  |  | $5 |  |  | $16 |  |  |  | $21 |  |  | $4 |  |  | $17 |
Acquired relationships | 5 - 15 | 38 |  | 6 |  | 32 |  |  | 37 |  | 5 |  | 32 |
Naming rights | 10 | 11 |  | 1 |  | 10 |  |  | 11 |  | 1 |  | 10 |
Other | 2 - 7 | 13 |  | 5 |  | 8 |  |  | 13 |  | 4 |  | 9 |
Total |  |  | $83 |  |  | $17 |  |  | $66 |  |  |  | $82 |  |  | $14 |  |  | $68 |
Intangible assets future amortization expense | Estimated intangible asset amortization expense for the remainder of 2020 through 2024 is as follows:
(in millions) | Total
Remainder of 2020 |  | $8 |
2021 | 10 |
2022 | 9 |
2023 | 9 |
2024 | 8 |

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- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13854-109267 + Details
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- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
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