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INTANGIBLE ASSETS AND GOODWILL | 12 Months Ended
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Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS AND GOODWILL | INTANGIBLE ASSETS AND GOODWILL The following table details the composition of our intangible assets at year-end 2021 and 2020:
($ in millions) | At Year-End 2021 |  | At Year-End 2020
Definite-lived Intangible Assets |  |  |
Costs incurred to obtain contracts with customers | $ | 1,875 |  |  | $ | 1,674 |
Contracts acquired in business combinations and other | 2,187 |  |  | 2,257 |
| 4,062 |  |  | 3,931 |
Accumulated amortization | (1,052) |  |  | (937) |
| 3,010 |  |  | 2,994 |
Indefinite-lived Intangible Brand Assets | 5,916 |  |  | 5,995 |
| $ | 8,926 |  |  | $ | 8,989 |
We capitalize direct costs that we incur to obtain management, franchise, and license agreements. We amortize these costs on a straight-line basis over the initial term of the agreements, ranging from 15 to 30 years. In 2020, we recorded impairment charges totaling $64 million in the “Contract investment amortization” caption of our Income Statements to reduce the carrying amount of certain capitalized costs incurred to obtain contracts with customers, primarily due to the impact of COVID-19, most of which we recorded in our U.S. & Canada business segment. For contracts acquired in business combinations and other intangible assets, we recorded amortization expense of $165 million in 2021, $97 million in 2020, and $105 million in 2019 (of which $62 million in 2021 and none in 2020 and 2019 was included in the “Reimbursed expenses” caption of our Income Statements). For these assets, we estimate that our aggregate amortization expense will be $163 million in 2022, $147 million in 2023, $134 million in 2024, $122 million in 2025, and $110 million in 2026. The following table details the carrying amount of our goodwill at year-end 2021 and 2020:
($ in millions) | U.S. & Canada |  | International |  |  |  |  |  | Total Goodwill
Balance at year-end 2020 | $ | 5,347 |  |  | $ | 3,828 |  |  |  |  |  |  | $ | 9,175 |
Foreign currency translation | 1 |  |  | (103) |  |  |  |  |  |  | (102) |
Balance at year-end 2021 | $ | 5,348 |  |  | $ | 3,725 |  |  |  |  |  |  | $ | 9,073 |

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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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