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PREMISES, EQUIPMENT, AND SOFTWARE (Tables)
12 Months Ended
Dec. 31, 2021
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)20212020
Land and land improvements
10 - 75
$101 $102 
Buildings and leasehold improvements
5 - 60
805 800 
Furniture, fixtures and equipment
4 - 20
589 644 
Construction in progress77 50 
Total premises and equipment, gross1,572 1,596 
Accumulated depreciation(804)(837)
Total premises and equipment, net$768 $759 
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)
2022$209 
2023180 
2024153 
2025112 
202645 
Thereafter22 
Total(1)
$721 
(1) Excluded from this balance is $154 million of in-process software at December 31, 2021.