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Intangible Assets | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets | Intangible Assets Goodwill We recorded goodwill in our consolidated statements of condition in connection with our historical business combinations. Goodwill is the difference between the purchases price and the fair value of the acquired company's assets, net of the liabilities assumed. Goodwill was tested at least annually for impairment. The Company’s 2023 assessment concluded that goodwill from historical transactions (2007 and prior) was fully impaired as of December 31, 2023. As a result, the Company recorded an impairment charge of the entire goodwill balance of $2.4 billion. The Company has no goodwill at December 31, 2024. Finite-lived Intangible Assets At December 31, 2024, intangible assets consisted of the following:
| December 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 |  |  | $ | (229) |  |  | $ | 471 |  |  | $ | 700 |  |  | $ | (113) |  |  | $ | 587 |
Other intangible assets | 26 |  | (9) |  | 17 |  | 56 |  | (18) |  |  | 38
Total other intangible assets | $ | 726 |  |  | $ | (238) |  |  | $ | 488 |  |  | $ | 756 |  |  | $ | (131) |  |  | $ | 625 |
As of December 31, 2024, the weighted average amortization period for core deposit intangible and other intangible assets is 8.2 years and 5.3 years, respectively. The estimated amortization expense of CDI and other intangible assets for the next five years and beyond is as follows:
(in millions) | Amortization Expense
2025 | $ | 106 |
2026 | 93 |
2027 | 80 |
2028 | 68 |
2029 | 55 |
2030 and beyond | 86 |
Total | $ | 488 |

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