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Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Other Intangible Assets

At December 31, 2022, other intangible assets consisted of the following:

 

(in millions)

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

 

Net Carrying Value

 

Core deposit intangible

$

 

250

 

 

$

 

(4

)

 

$

 

246

 

Other intangible assets

 

 

42

 

 

 

 

(1

)

 

 

 

41

 

Total other intangible assets

$

 

292

 

 

$

 

(5

)

 

$

 

287

 

 

Schedule of Estimated Amortization Expense of CDI and Other Intangible Assets

The estimated amortization expense of CDI and other intangible assets for the next five years is as follows:

 

(in millions)

Amortization Expense

 

2023

$

 

59

 

2024

 

 

54

 

2025

 

 

38

 

2026

 

 

33

 

2027

 

 

29

 

Total

$

 

213