XML 29 R16.htm IDEA: XBRL DOCUMENT v3.23.1
INTANGIBLE ASSETS AND GOODWILL
3 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS AND GOODWILL INTANGIBLE ASSETS AND GOODWILL
The Company's intangible assets at March 31, 2023 and December 31, 2022 consist of the following (in millions): 
March 31, 2023December 31, 2022
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
Amortization Period
Supply and distribution agreements$1,393 $(686)$707 $1,386 $(658)$728 
3 - 20 years
Technology287 (194)93 287 (185)102 
2 - 7 years
Trade names1,809 (837)972 1,806 (812)994 
3 - 20 years
Other intangible assets44 (39)43 (38)
Up to 20 years
Total intangible assets$3,533 $(1,756)$1,777 $3,522 $(1,693)$1,829 
 
Intangible assets are amortized on a straight-line basis. Amortization expense was $55 million and $56 million for the three months ended March 31, 2023 and 2022, respectively.
The balance of goodwill as of March 31, 2023 and December 31, 2022 is stated net of cumulative impairment charges of $2.0 billion.