Annual report pursuant to Section 13 and 15(d)

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill by business segment
A rollforward of goodwill by business segment, is presented in the table below:
  Consumer &          
  Business Commercial Vehicle   Treasury/ Huntington
(dollar amounts in millions) Banking Banking Finance RBHPCG Other Consolidated
Balance, December 31, 2020 1,393  427  —  170  —  1,990 
TCF acquisition 2,026  1,272  —  61  —  3,359 
Balance, December 31, 2021 $ 3,419  $ 1,699  $ —  $ 231  $ —  $ 5,349 
Summary of other intangible assets
At December 31, 2021 and 2020, Huntington’s other intangible assets consisted of the following:
(dollar amounts in millions) Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Value
December 31, 2021
Core deposit intangible $ 389  $ (175) $ 214 
Customer relationship 108  (80) 28 
Total other intangible assets $ 497  $ (255) $ 242 
December 31, 2020
Core deposit intangible $ 310  $ (150) $ 160 
Customer relationship 101  (70) 31 
Total other intangible assets $ 411  $ (220) $ 191 
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
2022 $ 53 
2023 49 
2024 45 
2025 42 
2026 28