Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2013

Intangible Assets

Intangible Assets

The details of the Bancorp’s intangible assets are shown in the following table:
			Gross Carrying	Accumulated	Valuation	Net Carrying
($ in millions)			Amount	Amortization	Allowance	Amount
As of September 30, 2013
	Mortgage servicing rights	$	3,036	(1,610)	(511)	915
	Automobile servicing rights		6	(2)	-	4
	Core deposit intangibles		154	(139)	-	15
	Other		45	(39)	-	6
Total intangible assets		$	3,241	(1,790)	(511)	940
As of December 31, 2012
	Mortgage servicing rights	$	2,825	(1,467)	(661)	697
	Core deposit intangibles		180	(160)	-	20
	Other		44	(37)	-	7
Total intangible assets		$	3,049	(1,664)	(661)	724

Estimated Amortization Expense

The Bancorp's projections of amortization expense shown below are based on existing asset balances as of September 30, 2013. Future amortization expense may vary from these projections. Estimated amortization expense for the remainder of 2013 through 2017 is as follows:
		Servicing	Other
($ in millions)		Rights	Intangible Assets	Total
Remainder of 2013	$	29	2	31
2014		110	5	115
2015		101	2	103
2016		92	2	94
2017		85	2	87