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, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill by business segment
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 
Summary of other intangible assets
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 
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
2024 $ 47 
2025 43 
2026 29 
2027 9 
2028 6