Intangible Assets

9 Months Ended

Sep. 30, 2017

Intangible Assets

Intangible Assets

10. Intangible Assets

Intangible assets consist of core deposit intangibles, customer lists, customer relationships, 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 September 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 September 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 September 30, 2017 and 2016 and $1 million for both the nine months ended September 30, 2017 and 2016. The Bancorp's projection of amortization expense shown in the following table is based on existing balances as of September 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