PREMISES, EQUIPMENT, AND SOFTWARE (Tables)

12 Months Ended

Dec. 31, 2016

Property, Plant and Equipment [Abstract]

Summary of the carrying value of premises and equipment

A summary of the carrying value of premises and equipment is presented below:

		December 31,
(dollars in millions)	Useful Lives	2016			2015
Land and land improvements	15 years		$47			$25
Buildings and leasehold improvements	7-40 years	684			634
Furniture, fixtures and equipment	5-15 years	1,714			1,667
Total premises and equipment, gross		2,445			2,326
Accumulated depreciation		(1,844		)	(1,731		)
Total premises and equipment, net			$601			$595

Schedule of estimated future amortization expense for capitalized software assets

The estimated future amortization expense for capitalized software assets is presented below:

Year	(in millions)
2017		$160
2018	139
2019	108
2020	78
2021	41
Thereafter	114
Total (1)		$640

⁽¹⁾ Excluded from this balance is $138 million of in-process software at December 31, 2016.