Goodwill and Other Intangibles (Tables)

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The following table presents the changes in the carrying amount of goodwill for the years ending December 31, 2022 and 2021:

	Year ended December 31
dollars in millions	2022		2021
Balance at January 1	$	346	$	350
Other adjustment	—		(4)
Balance at December 31	$	346	$	346

Schedule of Finite-Lived Intangible Assets

The following tables summarize the activity for core deposit intangibles for the year ended December 31, 2022.

Core Deposit Intangibles

	Year ended December 31
dollars in millions	2022		2021
Balance, net of accumulated amortization at January 1	$	19	$	30
Core deposit intangibles related to the CIT Merger	143		—
Amortization for the period	(22)		(11)
Balance at December 31, net of accumulated amortization	$	140	$	19

Core Deposit Intangible Accumulated Amortization

dollars in millions	December 31, 2022		December 31, 2021
Gross balance	$	271	$	128
Accumulated amortization	(131)		(109)
Balance, net of accumulated amortization	$	140	$	19

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The following table summarizes the expected amortization expense as of December 31, 2022 in subsequent periods for core deposit intangibles.

Core Deposit Intangible Expected Amortization

dollars in millions
2023	$	19
2024	17
2025	16
2026	15
2027	15
Thereafter	58
Total	$	140

Schedule of Finite-Lived Intangible Liabilities

The following tables summarize the activity for the intangible liability for the year ended December 31, 2022.

Intangible Liability

dollars in millions	2022
Balance at January 1	$	—
Acquired in CIT Merger	52
Amortization for the period	(16)
Balance at December 31, net of accumulated amortization	$	36

Schedule of Finite-Lived Intangible Liabilities, Future Amortization Expense

The following table summarizes the expected amortization as of December 31, 2022 in subsequent periods for the intangible liability.

Intangible Liability

dollars in millions
2023	$	12
2024	6
2025	4
2026	3
2027	2
Thereafter	9
Total	$	36