Annual report pursuant to Section 13 and 15(d)

GOODWILL AND OTHER INTANGIBLE ASSETS

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GOODWILL AND OTHER INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS GOODWILL AND OTHER INTANGIBLE ASSETS
Business segments are based on segment leadership structure, which reflects how segment performance is monitored and assessed. We have two major business segments: Consumer & Regional Banking and Commercial Banking. The Treasury / Other function includes technology and operations, other unallocated assets, liabilities, revenue, and expense.
A rollforward of goodwill by business segment for which goodwill is allocated is presented in the table below. No goodwill impairment was recorded in 2023 or 2022.
  Consumer & Commercial Huntington
(dollar amounts in millions) Regional Banking Banking Consolidated
Balance, January 1, 2022
 $ 3,650  $ 1,699  $ 5,349 
Acquisitions —  222  222 
Balance, December 31, 2022 3,650  1,921  5,571 
RPS sale (10) —  (10)
Balance, December 31, 2023 $ 3,640  $ 1,921  $ 5,561 
Huntington’s other intangible assets consisted of the following:
(dollar amounts in millions) Gross
Carrying
Amount		 Accumulated
Amortization		 Net
Carrying
Value
At December 31, 2023
Core deposit intangible $ 385  $ (259) $ 126 
Customer relationship 92  (75) 17 
Total other intangible assets $ 477  $ (334) $ 143 
At December 31, 2022
Core deposit intangible $ 385  $ (216) $ 169 
Customer relationship 107  (81) 26 
Total other intangible assets $ 492  $ (297) $ 195 
The estimated amortization expense of other intangible assets for the next five years is as follows:
(dollar amounts in millions)
Amortization
Expense
2024 $ 47 
2025 43 
2026 29 
2027 9 
2028 6