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INTANGIBLE ASSETS | 12 Months Ended
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Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS | INTANGIBLE ASSETS Indefinite-Lived Intangible Assets The following table presents the carrying values of indefinite-lived intangible assets included in our consolidated balance sheets (in millions):
December 31, | 2022 | 2021
Trademarks | $ | 14,214 |  | $ | 14,465 |
Goodwill | 18,782 |  | 19,363 |
Other | 175 |  | 211 |
Indefinite-lived intangible assets | $ | 33,171 |  | $ | 34,039 |
The following table provides information related to the carrying value of our goodwill by operating segment (in millions):
| Europe, Middle East & Africa | Latin America | North America | Asia Pacific | Global Ventures | Bottling Investments | Total
2021 |  |  |  |  |  |  |
Balance at beginning of year | $ | 1,308 |  | $ | 164 |  | $ | 8,792 |  | $ | 201 |  | $ | 2,892 |  | $ | 4,149 |  | $ | 17,506 |
Effect of foreign currency translation | (83) |  | (8) |  | — |  | (6) |  | 46 |  | (285) |  | (336) |
Acquisitions 1 | 55 |  | 44 |  | 1,886 |  | 227 |  | 45 |  | — |  | 2,257 |
Impairments | — |  | — |  | — |  | — |  | — |  | (7) |  | (7) |
Divestitures, deconsolidations and other 2 | — |  | — |  | (13) |  | — |  | (7) |  | (37) |  | (57) |
Balance at end of year | $ | 1,280 |  | $ | 200 |  | $ | 10,665 |  | $ | 422 |  | $ | 2,976 |  | $ | 3,820 |  | $ | 19,363 |
2022 |  |  |  |  |  |  |
Balance at beginning of year | $ | 1,280 |  | $ | 200 |  | $ | 10,665 |  | $ | 422 |  | $ | 2,976 |  | $ | 3,820 |  | $ | 19,363 |
Effect of foreign currency translation | (83) |  | 3 |  | — |  | (12) |  | (272) |  | (239) |  | (603) |
Acquisitions | — |  | — |  | — |  | — |  | — |  | 4 |  | 4 |
Purchase accounting adjustments | — |  | — |  | 12 |  | 2 |  | 9 |  | — |  | 23 |
Divestitures, deconsolidations and other | — |  | — |  | — |  | — |  | (5) |  | — |  | (5) |
Balance at end of year | $ | 1,197 |  | $ | 203 |  | $ | 10,677 |  | $ | 412 |  | $ | 2,708 |  | $ | 3,585 |  | $ | 18,782 |
1 For information related to the Company’s acquisitions, refer to Note 2. 2 The decrease in the Bottling Investments operating segment was a result of the Company’s bottling operations in Vietnam and Cambodia being classified as held for sale. Refer to Note 2. Definite-Lived Intangible Assets The following table provides information related to definite-lived intangible assets (in millions):
| December 31, 2022 |  | December 31, 2021
| Gross Carrying Value | Accumulated Amortization | Net Carrying Value |  | Gross Carrying Value | Accumulated Amortization | Net Carrying Value
Customer relationships | $ | 354 |  | $ | (109) |  | $ | 245 |  |  | $ | 336 |  | $ | (86) |  | $ | 250 |
Trademarks | 147 |  | (84) |  | 63 |  |  | 189 |  | (87) |  | 102 |
Other | 206 |  | (54) |  | 152 |  |  | 273 |  | (51) |  | 222 |
Total | $ | 707 |  | $ | (247) |  | $ | 460 |  |  | $ | 798 |  | $ | (224) |  | $ | 574 |
Total amortization expense for intangible assets subject to amortization was $120 million, $165 million and $203 million in 2022, 2021 and 2020, respectively. Based on the carrying value of definite-lived intangible assets as of December 31, 2022, we estimate our amortization expense for the next five years will be as follows (in millions):
| Amortization Expense
2023 | $ | 89 |
2024 | 65 |
2025 | 57 |
2026 | 45 |
2027 | 44 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -URI https://asc.fasb.org/subtopic&trid=2144471 + Details
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