Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Rollforward of Goodwill

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

TABLE 9.1

(in millions)	Community Banking		Wealth Manage- ment		Insurance		Other (1)			Total
Balance at January 1, 2018	$	2,228	$	8	$	11	$	2		$	2,249
Goodwill (deductions) additions	3		—		5		(2		)	6
Balance at December 31, 2018	2,231		8		16		—			2,255
Goodwill (deductions) additions	—		—		7		—			7
Balance at December 31, 2019	$	2,231	$	8	$	23	$	—		$	2,262

⁽¹⁾ Other represents Consumer Finance which was a reportable segment prior to December 31, 2018. The deduction of goodwill for the Consumer Finance segment in 2018 was the result of the sale of Regency to Mariner Finance, LLC on August 31, 2018, as part of our strategy to enhance the overall positioning of our consumer banking operations.

Summary of Core Deposit Intangibles, Customer Renewal Lists and Mortgage Servicing Rights

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, 2019
Gross carrying amount	$	196		$	18		$	214
Accumulated amortization	(136		)	(11		)	(147		)
Net carrying amount	$	60		$	7		$	67
December 31, 2018
Gross carrying amount	$	196		$	15		$	211
Accumulated amortization	(122		)	(10		)	(132		)
Net carrying amount	$	74		$	5		$	79

Schedule of Amortization Expense Recognized

The following table summarizes amortization expense recognized:

TABLE 9.3

December 31	2019		2018		2017
(in millions)
Amortization expense	$	14	$	16	$	18

Schedule of Expected Amortization Expenses on Finite-Lived Intangible Assets

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, 2019:

TABLE 9.4

(in millions)
2020	$	13
2021	12
2022	10
2023	10
2024	8
Total	$	53