GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in the carrying value of goodwill for the years ended December 31, 2018 and 2017 are presented below:



(in millions)	Consumer Banking			Commercial Banking		Total
Balance at December 31, 2016		$2,136			$4,740		$6,876
Business acquisition	—			11		11
Balance at December 31, 2017		$2,136			$4,751		$6,887
Business acquisition	59			—		59
Adjustments ⁽¹⁾	(23		)	—		(23		)
Balance at December 31, 2018		$2,172			$4,751		$6,923

⁽¹⁾Adjustments to goodwill are the result of an update to the purchase price allocation for the FAMC acquisition, given higher value attributed to purchased net assets.

Carrying value of intangible assets

A summary of the carrying value of intangible assets is presented below. Included in the carrying value at December 31, 2018 are $30 million in other intangibles, net of $2 million of amortization expense, related to the FAMC acquisition.



		December 31, 2018						December 31, 2017
(in millions)	Amortizable Lives (years)	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Acquired technology	7		$20		$1		$19		$—		$—		$—
Acquired relationships	5 - 15	11		1		10		2		—		2
Other	2 - 3	3		1		2		—		—		—
Total			$34		$3		$31		$2		$—		$2

Intangible assets future amortization expense

Estimated intangible asset amortization expense for the next five years is as follows:



(in millions)	Total
2019		$5
2020	5
2021	4
2022	3
2023	3