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GOODWILL AND INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of goodwill
Changes in the carrying value of goodwill for the years ended December 31, 2022 and 2021 are presented below.
(in millions)Consumer BankingCommercial BankingTotal
Balance at December 31, 2020$2,258 $4,792 $7,050 
Business acquisitions— 66 66 
Balance at December 31, 2021$2,258 $4,858 $7,116 
Business acquisitions415 642 1,057 
Balance at December 31, 2022$2,673 $5,500 $8,173 
Carrying value of intangible assets
A summary of the carrying value of intangible assets is presented below.
December 31, 2022December 31, 2021
(dollars in millions)Amortizable Lives (years)
Gross(1)
Accumulated AmortizationNetGrossAccumulated AmortizationNet
Core deposits
10
$144 $20 $124 $— $— $— 
Acquired technology
5 - 7
23 19 4 21 11 10 
Acquired relationships
2 - 15
54 21 33 53 14 39 
Naming Rights
5 - 10
33 7 26 10 3 7 
Other
2 - 7
17 7 10 13 5 8 
Total$271 $74 $197 $97 $33 $64 
(1) Includes $97 million and $47 million of core deposits from the Investors acquisition and the HSBC transaction, respectively, and $24 million of naming rights from the Investors acquisition.
Intangible assets future amortization expense
Estimated intangible asset amortization expense for the next five years is as follows:
(in millions)Total
2023$41 
202434 
202531 
202628 
202724