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Intangible Assets | 9 Months Ended
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Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets | Intangible Assets Identifiable intangible assets consisted of the following:
(In millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Book Value
September 30, 2020 |  |
Customer relationships | $ | 15,124 |  |  | $ | 3,217 |  |  | $ | 11,907 |
Acquired software and technology | 2,555 |  |  | 802 |  |  | 1,753 |
Trade names | 616 |  |  | 154 |  |  | 462 |
Capitalized software and other intangibles | 1,236 |  |  | 400 |  |  | 836 |
Purchased software | 930 |  |  | 239 |  |  | 691 |
Total | $ | 20,461 |  |  | $ | 4,812 |  |  | $ | 15,649 |
(In millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Book Value
December 31, 2019 |  |
Customer relationships | $ | 16,187 |  |  | $ | 2,145 |  |  | $ | 14,042 |
Acquired software and technology | 2,607 |  |  | 639 |  |  | 1,968 |
Trade names | 620 |  |  | 105 |  |  | 515 |
Capitalized software and other intangibles | 942 |  |  | 332 |  |  | 610 |
Purchased software | 680 |  |  | 173 |  |  | 507 |
Total | $ | 21,036 |  |  | $ | 3,394 |  |  | $ | 17,642 |
Amortization expense associated with the above identifiable intangible assets was as follows:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
(In millions) |  | 2020 |  | 2019 |  | 2020 |  | 2019
Amortization expense |  | $ | 623 |  |  | $ | 459 |  |  | $ | 1,934 |  |  | $ | 650 |
Amortization expense during the three and nine months ended September 30, 2020 includes $18 million and $53 million, respectively, of accelerated amortization associated with the termination of certain vendor contracts (see Note 16). The Company estimates that annual amortization expense with respect to intangible assets recorded at September 30, 2020 will be as follows:
(In millions) |
Year ending December 31, |
Remainder of 2020 | $ | 621 |
2021 | 2,432 |
2022 | 2,244 |
2023 | 1,979 |
2024 | 1,531 |
Thereafter | 6,842 |
Total | $ | 15,649 |

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- Definition The entire disclosure for all or part of the information related to 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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