PREMISES, EQUIPMENT, AND SOFTWARE (Tables)

12 Months Ended

Dec. 31, 2015

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	2015		2014
Land and land improvements	15 years		$25		$26
Buildings and leasehold improvements	7-40 years	634		607
Furniture, fixtures and equipment	5-15 years	1,667		1,613
Total premises and equipment, gross		2,326		2,246
Less: accumulated depreciation		1,731		1,651
Total premises and equipment, net			$595		$595

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)
2016		$142
2017	125
2018	104
2019	72
2020	43
Thereafter	129
Total (1)		$615

⁽¹⁾ Excluded from this balance is $171 million of in-process software at December 31, 2015.