Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Rollforward of Goodwill

The following table shows a rollforward of goodwill by line of business:

TABLE 9.1

(in millions)	Community Banking		Wealth Manage- ment		Insurance		Total
Balance at January 1, 2019	$	2,231	$	8	$	16	$	2,255
Goodwill (deductions) additions	—		—		7		7
Balance at December 31, 2019	2,231		8		23		2,262
Goodwill (deductions) additions	—		—		—		—
Balance at December 31, 2020	$	2,231	$	8	$	23	$	2,262

Summary of Core Deposit Intangibles, Customer Renewal Lists and Mortgage Servicing Rights

The following table shows a summary of core deposit intangibles and customer renewal lists:

TABLE 9.2

(in millions)	Core Deposit Intangibles		Customer Renewal Lists		Total
December 31, 2020
Gross carrying amount	$	197	$	18	$	215
Accumulated amortization	(149)		(12)		(161)
Net carrying amount	$	48	$	6	$	54
December 31, 2019
Gross carrying amount	$	196	$	18	$	214
Accumulated amortization	(136)		(11)		(147)
Net carrying amount	$	60	$	7	$	67

Schedule of Amortization Expense Recognized

The following table summarizes amortization expense recognized:

TABLE 9.3

December 31	2020		2019		2018
(in millions)
Amortization expense	$	13	$	14	$	16

Schedule of Expected Amortization Expenses on Finite-Lived Intangible Assets

Following is a summary of the expected amortization expense on finite-lived intangible assets, assuming no new additions, for each of the five years following December 31, 2020:

TABLE 9.4

(in millions)
2021	$	12
2022	10
2023	10
2024	8
2025	7
Total	$	47