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Intangible Assets

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Finite-lived Intangible Assets

At March 31, 2024, intangible assets consisted of the following:


	March 31, 2024						December 31, 2023
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value		Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
Core deposit intangible	$	700	$	(143)	$	557	$	700	$	(113)	$	587
Other intangible assets	56		(23)		33		56		(18)		38
Total other intangible assets	$	756	$	(166)	$	590	$	756	$	(131)	$	625

As of March 31, 2024 the weighted average amortization period for core deposit intangible and other intangible assets is 10 years and 5.1 years, respectively.

The estimated amortization expense of CDI and other intangible assets for the next five years is as follows:


(in millions)	Amortization Expense
2024	$	97
2025	107
2026	94
2027	81
2028	67
Total	$	446