GOODWILL AND OTHER INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

The following table shows a rollforward of goodwill by line of business:

TABLE 9.1


(in millions)	Community Banking		Wealth Manage- ment		Insurance		Other		Total
Balance at January 1, 2024	$	2,446	$	8	$	23	$	—	$	2,477
Goodwill additions	—		—		1		—		1
Balance at December 31, 2024	2,446		8		24		—		2,478
Goodwill additions	—		—		—		2		2
Balance at December 31, 2025	$	2,446	$	8	$	24	$	2	$	2,480

There were no material changes to goodwill during 2025 and 2024.

The following table shows a summary of core deposit intangibles and customer renewal lists:

TABLE 9.2


(in millions)	Core Deposit Intangibles		Customer Renewal Lists		Total
December 31, 2025
Gross carrying amount	$	258	$	19	$	277
Accumulated amortization	(224)		(17)		(241)
Net carrying amount	$	34	$	2	$	36
December 31, 2024
Gross carrying amount	$	258	$	18	$	276
Accumulated amortization	(209)		(16)		(225)
Net carrying amount	$	49	$	2	$	51

Core deposit intangibles are being amortized primarily over 10 years using accelerated methods. Customer renewal lists are being amortized over their estimated useful lives, which range from two to 13 years.

The following table summarizes amortization expense recognized:

TABLE 9.3


December 31	2025		2024		2023
(in millions)
Amortization expense	$	16	$	18	$	20

Following is a summary of the expected amortization expense on finite-lived intangible assets, assuming no new additions, for each of the five years following December 31, 2025:

TABLE 9.4


(in millions)
2026	$	12
2027	8
2028	6
2029	4
2030	3
Total	$	33

Goodwill and other intangible assets are tested annually for impairment, and more frequently if events or changes in circumstances indicate the carrying value may not be recoverable. We completed this test in 2025 and 2024 and determined that our goodwill and other intangible assets are not impaired.