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Goodwill and Other Intangible Assets | 6 Months Ended
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Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets The changes in the net carrying amount of goodwill for the six months ended June 30, 2018 are as follows (in millions):
Balance as of December 31, 2017 | $ | 8,358 |
Goodwill related to current year acquisitions | 31 |
Goodwill related to disposals | (1 | )
Goodwill related to prior year acquisitions | 10 |
Foreign currency translation and other | (107 | )
Balance as of June 30, 2018 | $ | 8,291 |
Other intangible assets by asset class are as follows (in millions):
| June 30, 2018 |  | December 31, 2017
| Gross Carrying Amount |  | Accumulated Amortization and Impairment |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization and Impairment |  | Net Carrying Amount
Customer related and contract based | $ | 2,310 |  |  | $ | 1,417 |  |  | $ | 893 |  |  | $ | 2,550 |  |  | $ | 1,415 |  |  | $ | 1,135 |
Tradenames | 1,031 |  |  | 634 |  |  | 397 |  |  | 1,047 |  |  | 533 |  |  | 514 |
Technology and other | 397 |  |  | 324 |  |  | 73 |  |  | 416 |  |  | 332 |  |  | 84 |
Total | $ | 3,738 |  |  | $ | 2,375 |  |  | $ | 1,363 |  |  | $ | 4,013 |  |  | $ | 2,280 |  |  | $ | 1,733 |
In the second quarter of 2018, the Company reclassified $258 million of gross intangibles held for sale and $94 million of associated accumulated amortization to Other current assets. Refer to Note 7 “Acquisitions and Dispositions of Businesses” for further information. In the second quarter of 2017 and in connection with the completion of the sale of the Divested Business, the Company recognized a non-cash impairment charge to the associated tradenames of $380 million. The fair value of the tradenames was determined using the Relief from Royalty Method. This impairment was included in Amortization and impairment of intangible assets on the Condensed Consolidated Statement of Income. The estimated future amortization for finite lived intangible assets as of June 30, 2018 is as follows (in millions):
Remainder of 2018 | $ | 205 |
2019 | 401 |
2020 | 228 |
2021 | 131 |
2022 | 85 |
Thereafter | 313 |
Total | $ | 1,363 |

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- 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
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