Premises and Equipment

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

Premises and Equipment

Premises and Equipment

The following presents our premises and equipment balances and estimated useful lives:

	Estimated Useful Lives	December 31,
		2019			2018
		(Dollars in millions)
Land	N/A	$	73		$	74
Computer hardware and software	3 - 7 years	372			329
Office buildings and improvements	15 - 31.5 years	191			185
Furniture, fixtures and equipment	5 - 7 years	68			57
Leased equipment	3 - 10 years	36			40
Leasehold improvements	5-10 years	9			10
Fixed assets in progress (1)	N/A	40			37
Right-of-use asset	N/A	22			—
Total		811			732
Less accumulated depreciation		(395		)	(342		)
Premises and equipment, net		$	416		$	390

(1) Consists primarily of internally developed software and software upgrades which have not yet been placed in service.

Depreciation expense was $59 million, $50 million and $39 million, for the years ended December 31, 2019, 2018 and 2017, respectively.