XML 28 R16.htm IDEA: XBRL DOCUMENT
v3.21.2

GOODWILL, INTANGIBLE ASSETS AND OTHER LONG-LIVED ASSETS | 9 Months Ended
--- | ---
Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL, INTANGIBLE ASSETS AND OTHER LONG-LIVED ASSETS | GOODWILL, INTANGIBLE ASSETS AND OTHER LONG-LIVED ASSETS A substantial portion of the Company's intangible assets and goodwill relates to the acquisitions of OpenTable and KAYAK. Goodwill The Company tests goodwill for impairment on an annual basis and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. The Company tests goodwill at a reporting unit level and the annual tests are performed as of September 30. As of September 30, 2021, the Company performed its annual goodwill impairment test and concluded that there was no impairment of goodwill. The balance of goodwill as of September 30, 2021 and December 31, 2020 is net of cumulative impairment charges of $2.0 billion. Due to the significant and negative financial impact of the COVID-19 pandemic (see Note 1), the Company performed an interim period goodwill impairment test at March 31, 2020 and recognized a goodwill impairment charge of $489 million related to the OpenTable and KAYAK reporting unit for the three months ended March 31, 2020, which is not tax-deductible. As of September 30, 2020, the Company performed its annual goodwill impairment test and recognized a goodwill impairment charge of $573 million for the same reporting unit for the three months ended September 30, 2020, which is not tax-deductible. Intangible Assets and Other Long-lived Assets The Company's intangible assets at September 30, 2021 and December 31, 2020 consist of the following (in millions):
| September 30, 2021 |  | December 31, 2020 |  |
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Amortization Period
Supply and distribution agreements | $ | 1,114 |  |  | $ | (582) |  |  | $ | 532 |  |  | $ | 1,136 |  |  | $ | (552) |  |  | $ | 584 |  |  | 3 - 20 years
Technology | 174 |  |  | (149) |  |  | 25 |  |  | 174 |  |  | (144) |  |  | 30 |  |  | 2 - 7 years
Internet domain names | 41 |  |  | (36) |  |  | 5 |  |  | 44 |  |  | (37) |  |  | 7 |  |  | 5 - 20 years
Trade names | 1,816 |  |  | (701) |  |  | 1,115 |  |  | 1,824 |  |  | (633) |  |  | 1,191 |  |  | 4 - 20 years
Other intangible assets | 2 |  |  | (2) |  |  | — |  |  | 2 |  |  | (2) |  |  | — |  |  | Up to 15 years
Total intangible assets | $ | 3,147 |  |  | $ | (1,470) |  |  | $ | 1,677 |  |  | $ | 3,180 |  |  | $ | (1,368) |  |  | $ | 1,812 |  |  |
Intangible assets are amortized on a straight-line basis. Amortization expense was $40 million and $122 million for the three and nine months ended September 30, 2021, respectively, and $41 million and $126 million for the three and nine months ended September 30, 2020, respectively. The Company reviews long-lived assets, including intangible assets and operating lease assets, whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. The assessment of possible impairment is based upon the ability to recover the carrying value of the assets from the estimated undiscounted future net cash flows, before interest and taxes, of the related asset group. As of September 30, 2021, no impairment indicators were identified for the Company's long-lived assets.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration