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Goodwill And Intangible Assets
 9 Months Ended
Sep. 30, 2022
Goodwill And Intangible Assets [Abstract]  
Goodwill And Intangible Assets 6. Goodwill and intangible assets

Intangible assets

The composition of goodwill and intangible assets is as follows:

September 30,

December 31,

2022

2021

(In millions)

Goodwill

$                             147

$                             148

Intangible assets with indefinite lives

- Trademarks

7

8

- Digital assets (1)

10

21

Amortizable intangible assets

- Licenses and others

12

13

- Non-compete agreement

4

4

- Customer list

11

13

- Trademarks

5

7

- Hubs Network

4

3

- Others

3

3

Total intangible assets

$                               56

$                               72

Accumulated amortization

(27)

(27)

Total intangible assets, net

$                               29

$                               45

(1)Digital assets are net of $20 million and $9 million of impairment losses as of September 30, 2022 and December 31, 2021.

Goodwill

The changes in the carrying amount of goodwill for the nine-month period ended September 30, 2022 and the year ended December 31, 2021 are as follows:

Nine Months Ended September 30, 2022

Brazil

Argentina

Mexico

Chile

Colombia

Other Countries

Total

(In millions)

Balance, beginning of the period

$                                56 

$                                10 

$                                37 

$                                37 

$                                  6 

$                                  2 

$                              148 

Effect of exchange rates changes

1

—

2

(4)

—

—

(1)

Balance, end of the period

$                                57 

$                                10 

$                                39 

$                                33 

$                                  6 

$                                  2 

$                              147 

Year Ended December 31, 2021

Brazil

Argentina

Mexico

Chile

Colombia

Other Countries

Total

(In millions)

Balance, beginning of the year

$                                20 

$                                10 

$                                32 

$                                17 

$                                  4 

$                                  2 

$                                85 

Business Acquisitions

37 

—

6 

23 

2 

—

68 

Effect of exchange rates changes

(1)

—

(1)

(3)

—

—

(5)

Balance, end of the year

$                                56 

$                                10 

$                                37 

$                                37 

$                                  6 

$                                  2 

$                              148 

Amortizable intangible assets

Intangible assets with definite useful life are comprised of customer lists, non-compete and non-solicitation agreements, acquired software licenses and other acquired intangible assets including developed technologies and trademarks. Aggregate amortization expense for intangible assets for the nine-month periods ended September 30, 2022 and 2021 amounted to $4 million and $4 million, respectively, while aggregate amortization expense for intangible assets totaled $1 million and $1 million for the three-month periods ended September 30, 2022 and 2021, respectively.

The following table summarizes the remaining amortization of intangible assets (in millions of U.S. dollars) with definite useful life as of September 30, 2022:

For year ended 12/31/2022

$                                 1

For year ended 12/31/2023

4

For year ended 12/31/2024

2

For year ended 12/31/2025

1

Thereafter

4

$                              12