v3.24.4
Premises and Equipment
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Premises and Equipment Premises and Equipment
A summary of premises and equipment, net is as follows (dollars in millions):
 December 31,
20232022
Land$37 $37 
Buildings and improvements605 587 
Furniture, fixtures and equipment1,155 1,111 
Software1,305 1,125 
Premises and equipment3,102 2,860 
Less: accumulated depreciation(1,409)(1,339)
Less: accumulated amortization of software(602)(518)
Premises and equipment, net$1,091 $1,003 
Depreciation expense was $74 million, $80 million and $86 million for the years ended December 31, 2023, 2022 and 2021, respectively. Amortization expense on capitalized software was $113 million, $114 million and $103 million for the years ended December 31, 2023, 2022 and 2021, respectively.