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Goodwill and Intangible Assets | 12 Months Ended
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Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets In November 2023, the Company completed an acquisition, which increased goodwill and intangible assets. The acquisition was not material to the Company’s financial results. Goodwill The changes in the carrying amount of goodwill for the years ended December 31, 2022 and 2023 were as follows (in millions):
| Amount
Balance as of December 31, 2021 | $ | 653 |
Foreign currency translation adjustments | (3) |
Balance as of December 31, 2022 | 650 |
Acquisition | 101 |
Foreign currency translation adjustments | 1 |
Balance as of December 31, 2023 | $ | 752 |
Intangible Assets As of December 31, 2022 and 2023, intangible assets, net was $34 million and $40 million, respectively, and primarily consisted of listing relationships, technology and trade names. Amortization expense related to intangible assets for the years ended December 31, 2021, 2022 and 2023 was $24 million, $19 million and $13 million, respectively. The accumulated amortization related to intangible assets as of December 31, 2022 and 2023, was $43 million and $55 million, respectively. Estimated future amortization expense for intangible assets as of December 31, 2023 was as follows (in millions):
Year Ending December 31, | Amount
2024 | $ | 12 |
2025 | 11 |
2026 | 8 |
2027 | 4 |
2028 | 4 |
Thereafter | 1 |
Total future amortization expense | $ | 40 |

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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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