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GOODWILL AND INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of goodwill | Changes in the carrying value of goodwill for the years ended December 31, 2022 and 2021 are presented below.
(in millions) | Consumer Banking |  | Commercial Banking |  | Total
Balance at December 31, 2020 | $2,258 |  |  | $4,792 |  |  | $7,050 |
Business acquisitions | — |  |  | 66 |  |  | 66 |
Balance at December 31, 2021 | $2,258 |  |  | $4,858 |  |  | $7,116 |
Business acquisitions | 415 |  |  | 642 |  |  | 1,057 |
Balance at December 31, 2022 | $2,673 |  |  | $5,500 |  |  | $8,173 |
Carrying value of intangible assets | A summary of the carrying value of intangible assets is presented below.
|  | December 31, 2022 |  | December 31, 2021
(dollars in millions) | Amortizable Lives (years) | Gross(1) | Accumulated Amortization | Net |  | Gross | Accumulated Amortization | Net
Core deposits | 10 | $144 |  | $20 |  | $124 |  |  | $— |  | $— |  | $— |
Acquired technology | 5 - 7 | 23 |  | 19 |  | 4 |  |  | 21 |  | 11 |  | 10 |
Acquired relationships | 2 - 15 | 54 |  | 21 |  | 33 |  |  | 53 |  | 14 |  | 39 |
Naming Rights | 5 - 10 | 33 |  | 7 |  | 26 |  |  | 10 |  | 3 |  | 7 |
Other | 2 - 7 | 17 |  | 7 |  | 10 |  |  | 13 |  | 5 |  | 8 |
Total |  | $271 |  | $74 |  | $197 |  |  | $97 |  | $33 |  | $64 |
(1) Includes $97 million and $47 million of core deposits from the Investors acquisition and the HSBC transaction, respectively, and $24 million of naming rights from the Investors acquisition.
Intangible assets future amortization expense | Estimated intangible asset amortization expense for the next five years is as follows:
(in millions) | Total
2023 | $41 |
2024 | 34 |
2025 | 31 |
2026 | 28 |
2027 | 24 |

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