Intangible Assets

3 Months Ended

Mar. 31, 2014

Intangible Assets

Intangible Assets

7. Intangible Assets

Intangible assets consist of core deposit intangibles, customer lists, non-compete agreements and cardholder relationships. Intangible assetsare amortized on either a straight-line or an accelerated basis over their estimated useful lives. Intangible assets have an estimated remaining weighted-average life at March 31, 2014 of 4.3 years.

The details of the Bancorp’s intangible assets are shown in the following table:
			Gross Carrying	Accumulated	Net Carrying
($ in millions)			Amount	Amortization	Amount
As of March 31, 2014
	Core deposit intangibles	$	122	(109)	13
	Other		45	(40)	5
Total intangible assets		$	167	(149)	18
As of December 31, 2013
	Core deposit intangibles	$	154	(141)	13
	Other		45	(39)	6
Total intangible assets		$	199	(180)	19

As of March 31, 2014, all of the Bancorp's intangible assets were being amortized. Amortization expense recognized on intangible assets for the three months endedMarch 31, 2014 and 2013was $1millionand$2million, respectively.

The Bancorp's projections of amortization expense shown below are based on existing asset balances as of March 31, 2014. Future amortization expense may vary from these projections. Estimated amortization expense for the remainder of 2014 through 2018 is as follows:
($ in millions)		Total
Remainder of 2014	$	3
2015		2
2016		2
2017		2
2018		2