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GOODWILL AND INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of goodwill | Changes in the carrying value of goodwill for the years ended December 31, 2024 and 2023 are presented below.
(dollars in millions) | Consumer Banking |  | Commercial Banking |  | Total
Balance at December 31, 2022 | $2,673 |  |  | $5,500 |  |  | $8,173 |
Business acquisitions | 5 |  |  | 10 |  |  | 15 |
Balance at December 31, 2023 | $2,678 |  |  | $5,510 |  |  | $8,188 |
Divestitures | — |  |  | (1) |  |  | (1) |
Balance at December 31, 2024 | $2,678 |  |  | $5,509 |  |  | $8,187 |
Carrying value of intangible assets | A summary of the carrying value of intangible assets is presented below.
|  | December 31, 2024 |  | December 31, 2023
(dollars in millions) | Amortizable Lives (years) | Gross | Accumulated Amortization | Net |  | Gross | Accumulated Amortization | Net
Core deposits | 10 | $144 |  | $66 |  | $78 |  |  | $144 |  | $44 |  | $100 |
Acquired technology | 5 - 7 | 23 |  | 22 |  | 1 |  |  | 23 |  | 21 |  | 2 |
Acquired relationships | 2 - 15 | 52 |  | 31 |  | 21 |  |  | 52 |  | 26 |  | 26 |
Naming Rights | 5 - 10 | 33 |  | 16 |  | 17 |  |  | 33 |  | 12 |  | 21 |
Other | 2 - 8 | 42 |  | 13 |  | 29 |  |  | 18 |  | 10 |  | 8 |
Total |  | $294 |  | $148 |  | $146 |  |  | $270 |  | $113 |  | $157 |
Intangible assets future amortization expense | Estimated intangible asset amortization expense for the next five years is as follows:
Year | (dollars in millions)
2025 | $33 |
2026 | 30 |
2027 | 26 |
2028 | 18 |
2029 | 9 |

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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://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
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