Intangible Assets

3 Months Ended

Mar. 31, 2017

Intangible Assets

Intangible Assets

9. Intangible Assets

Intangible assets consist of core deposit intangibles, customer lists, non-compete agreements and rent intangibles. Intangible assetsare amortized on either a straight-line or an accelerated basis over their estimated useful lives.

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, 2017
	Core deposit intangibles	$	34	(28)	6
	Other		18	(13)	5
Total intangible assets		$	52	(41)	11
As of December 31, 2016
	Core deposit intangibles	$	34	(27)	7
	Other		15	(13)	2
Total intangible assets		$	49	(40)	9

As of March 31, 2017, all of the Bancorp’s intangible assets were being amortized. Amortization expense recognized on intangible assets was immaterial for both the three months ended March 31, 2017and2016. The Bancorp’s projections of amortization expense shown on the following table is based on existing balances as of March 31, 2017. Future amortization expense may vary from these projections.

Estimated amortization expense for the remainder of 2017 through 2021 is as follows:
($ in millions)		Total
Remainder of 2017	$	1
2018		2
2019		2
2020		1
2021		1