PREMISES, EQUIPMENT, AND SOFTWARE (Tables)

12 Months Ended

Dec. 31, 2019

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 (years)	2019			2018
Land and land improvements	10 - 75		$102			$112
Buildings and leasehold improvements	5 - 60	848			852
Furniture, fixtures and equipment	5 - 20	535			1,019
Construction in progress		368			292
Total premises and equipment, gross		1,853			2,275
Accumulated depreciation		(1,092		)	(1,484		)
Total premises and equipment, net			$761			$791

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)
2020		$175
2021	136
2022	102
2023	73
2024	46
Thereafter	62
Total (1)		$594

⁽¹⁾ Excluded from this balance is $296 million of in-process software at December 31, 2019.