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Bank Premises and Equipment
 9 Months Ended
Sep. 30, 2024
Property, Plant and Equipment [Abstract]  
Bank Premises and Equipment Bank Premises and Equipment
The following table provides a summary of bank premises and equipment as of:
($ in millions)September 30,
2024		December 31,
2023
Equipment$2,709 2,578 
Buildings(a)
1,764 1,742 
Leasehold improvements712 685 
Land and improvements(a)
622 618 
Construction in progress(a)
207 180 
Bank premises and equipment held for sale:
Land and improvements10 15 
Equipment10 — 
Buildings4 4 
Accumulated depreciation and amortization(3,613)(3,473)
Total bank premises and equipment$2,425 2,349 
(a)Buildings, land and improvements and construction in progress included $1 and $9 associated with parcels of undeveloped land intended for future branch expansion at September 30, 2024 and December 31, 2023, respectively.

The Bancorp monitors changing customer preferences associated with the channels it uses for banking transactions to evaluate the efficiency, competitiveness and quality of the customer service experience in its consumer distribution network. As part of this ongoing assessment, the Bancorp may determine that it is no longer fully committed to maintaining full-service banking centers at certain locations. Similarly, the Bancorp may also determine that it is no longer fully committed to building banking centers on certain parcels of land which had previously been held for future branch expansion. The Bancorp closed a total of 28 banking centers throughout its footprint during the nine months ended September 30, 2024.

The Bancorp performs assessments of the recoverability of long-lived assets when events or changes in circumstances indicate that their carrying values may not be recoverable. Impairment losses associated with such assessments and lower of cost or market adjustments were immaterial for both the three months ended September 30, 2024 and 2023, and immaterial and $2 million for the nine months ended September 30, 2024 and 2023, respectively. For the three and nine months ended September 30, 2023, the Bancorp also recognized $7 million and $8 million of impairment losses, respectively, in conjunction with transferring certain parcels of land to OREO. The recognized impairment losses were recorded in other noninterest income in the Condensed Consolidated Statements of Income.