PREMISES, EQUIPMENT, AND SOFTWARE (Tables)

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Summary of the carrying value of premises and equipment

A summary of the carrying value of premises and equipment follows:

		December 31,
(dollars in millions)	Useful Lives	2014		2013
Land and land improvements	15 years		$26		$33
Buildings and leasehold improvements	7-40 years	607		636
Furniture, fixtures and equipment	5-15 years	1,613		1,598
Total premises and equipment, gross		2,246		2,267
Less: accumulated depreciation		1,651		1,675
Total premises and equipment, net			$595		$592

Schedule of estimated future amortization expense for capitalized software assets

The estimated future amortization expense for capitalized software assets is as follows:

Year	(in millions)
2015		$127
2016	110
2017	93
2018	72
2019	41
Thereafter	130
Total (1)		$573

⁽¹⁾ Excluded from this balance is $181 million of in-process software at December 31, 2014.