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Other Assets | 12 Months Ended
--- | ---
Dec. 31, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
Other Assets | 10. Other Assets Other assets consist of the following:
| Successor
| December 31, 2019 |  | December 31, 2018
Loans subject to repurchase right from Ginnie Mae | $ | 560 |  |  | $ | 266 |
Derivative financial instruments | 153 |  |  | 49 |
Trade receivables and accrued revenues | 126 |  |  | 145 |
Right-of-use assets | 121 |  |  | — |
Goodwill | 120 |  |  | 23 |
Intangible assets | 74 |  |  | 117 |
Other | 236 |  |  | 195 |
Total other assets | $ | 1,390 |  |  | $ | 795 |
Loans Subject to Repurchase Right from Ginnie Mae Forward loans are sold to Ginnie Mae in conjunction with the issuance of mortgage backed securities. The Company, as the issuer of the mortgage backed securities, has the unilateral right to repurchase any individual loan in a Ginnie Mae securitization pool if that loan meets certain criteria, including being delinquent greater than 90 days. Once the Company has the unilateral right to repurchase a delinquent loan, it has effectively regained control over the loan and recognizes these rights to the loan on its consolidated balance sheets and establishes a corresponding repurchase liability regardless of the Company’s intention to repurchase the loan. The amount as of December 31, 2019 includes $336 attributable to Pacific Union. Derivative Financial Instruments See Note 11, Derivative Financial Instruments, for further details on derivative financial instruments. Trade Receivables and Accrued Revenues Trade receivables and accrued revenues are primarily comprised of trade receivables and service fees earned but not received based upon the terms of the Company’s servicing and subservicing agreements. Right of Use Assets Right of use assets are recognized for operating leases as a result of adoption of ASC 842. See Note 9, Leases, for additional information. Goodwill The table below presents changes in the carrying amount of goodwill for the year ended December 31, 2019:
| Successor |  |  | Predecessor
| Year Ended December 31, 2019 |  | Five Months Ended December 31, 2018 |  |  | Seven Months Ended July 31, 2018
Balance - beginning of period | $ | 23 |  |  | $ | 10 |  |  |  | $ | 72 |
Addition from acquisitions(1) | 42 |  |  | 13 |  |  |  | — |
Measurement period adjustment related to Merger(2) | 55 |  |  | — |  |  |  | — |
Balance - end of period | $ | 120 |  |  | $ | 23 |  |  |  | $ | 72 |
(1) | As discussed in Note 3, Acquisitions, the Company recorded goodwill of $40 in connection with the acquisition of Pacific Union. In addition, on February 28, 2019, the Company completed the acquisition of the Seterus mortgage servicing platform and assumed certain assets related thereto from IBM (“Seterus acquisition”). In connection with the Seterus acquisition, the Company recorded $2 in goodwill.
(2) | The Company recorded a total measurement period adjustment of $55 to goodwill in 2019 related to the acquisition of Nationstar. See further discussion in Note 3, Acquisitions.
The Company performed a qualitative assessment of its reporting units and determined that no impairment of goodwill existed in the year ended December 31, 2019 and five months ended December 31, 2018. The Predecessor did no t recognize goodwill impairment in the seven months ended July 31, 2018 and the year ended December 31, 2017. In 2018, the Company recorded goodwill of $10 and $13 in connection with the acquisitions of Nationstar and AMS, respectively. See further discussion in Note 3, Acquisitions. Intangible Assets The following tables present the composition of intangible assets:
| Successor
| December 31, 2019
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Weighted Average Remaining Life in Years
Customer relationships | $ | 90 |  |  | $ | (45 | ) |  | $ | 45 |  |  | 5.9
Technology | 46 |  |  | (23 | ) |  | 23 |  |  | 2.9
Trade name | 8 |  |  | (2 | ) |  | 6 |  |  | 3.6
Other | 1 |  |  | (1 | ) |  | — |  |  | 2.8
Total intangible assets | $ | 145 |  |  | $ | (71 | ) |  | $ | 74 |  |  | 4.7
| Successor
| December 31, 2018
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Weighted Average Remaining Life in Years
Customer relationships | $ | 77 |  |  | $ | (14 | ) |  | $ | 63 |  |  | 5.6
Technology | 52 |  |  | (8 | ) |  | 44 |  |  | 3.6
Trade name | 8 |  |  | (1 | ) |  | 7 |  |  | 4.6
Other(1) | 3 |  |  | — |  |  | 3 |  |  | 4.8
Total intangible assets | $ | 140 |  |  | $ | (23 | ) |  | $ | 117 |  |  | 4.7
(1) | Accumulated amortization amount is less than $1 for the specified dates.
In 2019, the Company recorded intangible assets of $13 in connection with the acquisition of Pacific Union. In 2018, the Company recorded intangible assets of $103 and $24 in connection with the acquisitions of Nationstar and AMS, respectively. See further discussion in Note 3, Acquisitions. The Company recognized $50 and $23 of amortization expense during the year ended December 31, 2019 and five months ended December 31, 2018, respectively. The Predecessor recognized amortization expense of $2 during the seven months ended July 31, 2018 and $5 during the year ended December 31, 2017, respectively. During the fourth quarter of 2019, in connection with an ancillary business, the Company recorded an $7 impairment of technology and other intangible assets within Corporate/Other segment. The impairment charges were included in the general and administrative expenses in the consolidated statements of operations. The following table presents the estimated aggregate amortization expense for existing amortizable intangible assets for the years indicated:
Year Ending December 31, |  | Amount
2020 |  | $ | 32 |
2021 |  | 17 |
2022 |  | 13 |
2023 |  | 8 |
2024 |  | 1 |
Thereafter |  | 3 |
Total future amortization expense |  | $ | 74 |
Other Other primarily includes prepaid expenses, margin call deposits, REO, tax receivables, receivables related to recent loan transfers and various receivables due from investors. REO, net includes $11 and $10 of REO-related receivables with government insurance as of December 31, 2019 and 2018, respectively, limiting loss exposure to the Company.

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