Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2020

Intangible Assets

Intangible Assets

The details of the Bancorp’s intangible assets are shown in the following table:

($ in millions)	Gross Carrying     Amount		Accumulated     Amortization			Net Carrying     Amount
As of March 31, 2020
Core deposit intangibles	$	229		(83	)		146
Customer relationships		29		(6	)		23
Operating leases		21		(11	)		10
Non-compete agreements		3		(1	)		2
Other		4		(1	)		3
Total intangible assets	$	286		(102	)		184
As of December 31, 2019
Core deposit intangibles	$	229		(70	)		159
Customer relationships		29		(6	)		23
Operating leases		23		(9	)		14
Non-compete agreements		13		(11	)		2
Other		4		(1	)		3
Total intangible assets	$	298		(97	)		201

Estimated Amortization Expense

Estimated amortization expense for the remainder of 2020 through 2024 is as follows:

($ in millions)	Total
Remainder of 2020	$	40
2021		43
2022		34
2023		24
2024		16