Intangible Assets

6 Months Ended

Jun. 30, 2015

Intangible Assets

Intangible Assets

9. 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 June 30, 2015of 4.4 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 June 30, 2015
	Core deposit intangibles	$	34	(25)	9
	Other		33	(29)	4
Total intangible assets		$	67	(54)	13
As of December 31, 2014
	Core deposit intangibles	$	122	(112)	10
	Other		45	(40)	5
Total intangible assets		$	167	(152)	15

As of June 30, 2015, all of the Bancorp's intangible assets were being amortized. Amortization expense recognized on intangible assetswas $1 million forboth the three months endedJune 30, 2015 and 2014and $2 million for both the six months ended June 30, 2015 and 2014.

The Bancorp's projections of amortization expense shown below are based on existing asset balances as of June 30, 2015. Future amortization expense may vary from these projections. Estimated amortization expense for the remainder of June 30, 2015 through 2019 is as follows:
($ in millions)		Total
Remainder of 2015	$	1
2016		2
2017		2
2018		2
2019		1