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GOODWILL AND INTANGIBLE ASSETS (Tables)
9 Months Ended
Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Change in carrying value of goodwill
The change in the carrying value of goodwill for the nine months ended September 30, 2018 is presented below:
(in millions)
Consumer Banking
 
Commercial Banking
 
Total

Balance at December 31, 2017

$2,136

 

$4,751

 

$6,887

Business acquisition
59

 

 
59

Balance at September 30, 2018

$2,195

 

$4,751

 

$6,946

Carrying value of intangible assets
A summary of the carrying value of intangible assets is presented below. Included in the carrying value at September 30, 2018 are $32 million in other intangibles related to the FAMC acquisition.
 
 
September 30, 2018
 
December 31, 2017
(in millions)
Amortizable Lives (years)
Gross
Accumulated Amortization
Net
 
Gross
Accumulated Amortization
Net
Acquired technology
7

$20


$—


$20

 

$—


$—


$—

Acquired relationships
5 - 15
11

1

10

 
2


2

Other
2 - 3
3


3

 



Total
 

$34


$1


$33

 

$2


$—


$2

Intangible assets future amortization expense
Estimated intangible asset amortization expense for the remainder of 2018 through 2022 is as follows:
(in millions)
Total
Remainder of 2018

$1

2019
5

2020
5

2021
4

2022
4