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INTANGIBLE ASSETS AND GOODWILL | 3 Months Ended
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Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS AND GOODWILL | INTANGIBLE ASSETS AND GOODWILL The Company's intangible assets at March 31, 2024 and December 31, 2023 consist of the following (in millions):
| March 31, 2024 |  | December 31, 2023 |  |
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Amortization Period
Trade names | $ | 1,808 |  |  | $ | (932) |  |  | $ | 876 |  |  | $ | 1,812 |  |  | $ | (911) |  |  | $ | 901 |  |  | 3 - 20 years
Supply and distribution agreements | 1,392 |  |  | (775) |  |  | 617 |  |  | 1,402 |  |  | (759) |  |  | 643 |  |  | 3 - 20 years
Other intangible assets | 329 |  |  | (269) |  |  | 60 |  |  | 330 |  |  | (261) |  |  | 69 |  |  | Up to 20 years
Total intangible assets | $ | 3,529 |  |  | $ | (1,976) |  |  | $ | 1,553 |  |  | $ | 3,544 |  |  | $ | (1,931) |  |  | $ | 1,613 |  |  |
Intangible assets are amortized on a straight-line basis. Amortization expense for the intangible assets was $55 million for the three months ended March 31, 2024 and 2023. The balance of goodwill as of March 31, 2024 and December 31, 2023 is stated net of cumulative impairment charges of $2.0 billion.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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