Annual report pursuant to Section 13 and 15(d)

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

v3.20.4
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill by business segment
A rollforward of goodwill by business segment for the years ended December 31, 2020 and 2019, is presented in the table below:
  Consumer &          
  Business Commercial Vehicle   Treasury/ Huntington
(dollar amounts in millions) Banking Banking Finance RBHPCG Other Consolidated
Balance, January 1, 2019 $ 1,393  $ 426  $ —  $ 170  $ —  $ 1,989 
Goodwill acquired during the period —  —  —  —  —  — 
Adjustments —  1  —  —  —  1 
Balance, December 31, 2019 1,393  427  —  170  —  1,990 
Goodwill acquired during the period —  —  —  —  —  — 
Adjustments —  —  —  —  —  — 
Balance, December 31, 2020 $ 1,393  $ 427  $ —  $ 170  $ —  $ 1,990 
Summary of other intangible assets
At December 31, 2020 and 2019, Huntington’s other intangible assets consisted of the following:
(dollar amounts in millions) Gross
Carrying
Amount		 Accumulated
Amortization		 Net
Carrying
Value
December 31, 2020
Core deposit intangible $ 310  $ (150) $ 160 
Customer relationship 101  (70) 31 
Total other intangible assets $ 411  $ (220) $ 191 
December 31, 2019
Core deposit intangible $ 310  $ (120) $ 190 
Customer relationship 115  (73) 42 
Total other intangible assets $ 425  $ (193) $ 232 
Estimated amortization expense of other intangible assets
The estimated amortization expense of other intangible assets for the next five years is as follows:
(dollar amounts in millions)
Amortization
Expense
2021 $ 38 
2022 36 
2023 34 
2024 32 
2025 31