Intangible Assets

6 Months Ended

Jun. 30, 2017

Intangible Assets

Intangible Assets

9. Intangible Assets

Intangible assets consist of core deposit intangibles, customer lists, non-compete agreements, trade names, 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 June 30, 2017
	Core deposit intangibles	$	34	(28)	6
	Other		25	(13)	12
Total intangible assets		$	59	(41)	18
As of December 31, 2016
	Core deposit intangibles	$	34	(27)	7
	Other		15	(13)	2
Total intangible assets		$	49	(40)	9

As of June 30, 2017, all of the Bancorp’s intangible assets were being amortized. Amortization expense recognized on intangible assets wasimmaterial for both the three months ended June 30, 2017 and 2016 and $1 million for both the six months ended June 30, 2017 and 2016. The Bancorp's projection of amortization expense shown on the following table is based on existing balances as of June 30, 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		2
2021		2