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GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill

Changes in the carrying value of goodwill for the years ended December 31, 2020 and 2019 are presented below.

(in millions)			Consumer Banking						Commercial Banking						Total
Balance at December 31, 2018			$2,172						$4,751						$6,923
Business acquisition			83						35						118
Adjustments			3						—						3
Balance at December 31, 2019			$2,258						$4,786						$7,044
Business acquisitions			—						6						6
Balance at December 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.

						December 31, 2020												December 31, 2019
(in millions)			Amortizable Lives (years)			Gross			Accumulated Amortization			Net						Gross			Accumulated Amortization			Net
Acquired technology			7			$21			$7			$14						$21			$4			$17
Acquired relationships			5 - 15			38			10			28						37			5			32
Naming Rights			10			11			2			9						11			1			10
Other			2 - 7			13			6			7						13			4			9
Total						$83			$25			$58						$82			$14			$68

Intangible assets future amortization expense

Estimated intangible asset amortization expense for the next five years is as follows:

(in millions)			Total
2021			$10
2022			9
2023			9
2024			8
2025			7

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Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
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Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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-Name Accounting Standards Codification
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Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

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-Name Accounting Standards Codification
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-SubTopic 30
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