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GOODWILL AND OTHER INTANGIBLE ASSETS | 6 Months Ended
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Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS | GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill The Company tests goodwill and indefinite-lived intangible assets for impairment during the fourth quarter of each year, or more frequently should circumstances change or events occur that would more likely than not reduce the fair value of a reporting unit below its carrying value. No testing was deemed necessary in the first six months of 2023. The changes in the net carrying value of goodwill by segment are as follows (in millions):
| Composites |  | Insulation |  | Roofing |  | Total
Gross carrying amount at December 31, 2022 | $ | 425 |  |  | $ | 1,499 |  |  | $ | 394 |  |  | $ | 2,318 |
Foreign currency translation | 1 |  |  | 7 |  |  | 1 |  |  | 9 |
Gross carrying amount at June 30, 2023 | 426 |  |  | 1,506 |  |  | 395 |  |  | 2,327 |
Accumulated impairment losses at December 31, 2022 | — |  |  | (935) |  |  | — |  |  | (935) |
Foreign currency translation | — |  |  | (5) |  |  | — |  |  | (5) |
Accumulated impairment losses at June 30, 2023 | — |  |  | (940) |  |  | — |  |  | (940) |
Balance, net of impairment, at June 30, 2023 | $ | 426 |  |  | $ | 566 |  |  | $ | 395 |  |  | $ | 1,387 |
Other Intangible Assets The Company amortizes the cost of other intangible assets over their estimated useful lives which, individually, range up to 45 years. The Company’s future cash flows are not materially impacted by its ability to extend or renew agreements related to its amortizable intangible assets. Other intangible assets consist of the following (in millions):
| June 30, 2023 |  | December 31, 2022
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Indefinite-lived trademarks and trade names | $ | 991 |  |  | $ | — |  |  | $ | 991 |  |  | $ | 989 |  |  | $ | — |  |  | $ | 989 |
Amortizable intangible assets |  |  |  |  |  |  |  |  |  |  |
Customer relationships | 644 |  |  | (275) |  |  | 369 |  |  | 638 |  |  | (243) |  |  | 395 |
Technology | 331 |  |  | (198) |  |  | 133 |  |  | 330 |  |  | (187) |  |  | 143 |
Trademarks | 12 |  |  | (1) |  |  | 11 |  |  | 12 |  |  | — |  |  | 12 |
Other (a) | 63 |  |  | (2) |  |  | 61 |  |  | 66 |  |  | (3) |  |  | 63 |
Total other intangible assets | $ | 2,041 |  |  | $ | (476) |  |  | $ | 1,565 |  |  | $ | 2,035 |  |  | $ | (433) |  |  | $ | 1,602 |
(a)Other primarily includes emissions. There are three indefinite-lived intangible assets that are at an increased risk of impairment. These intangible assets were partially impaired in the fourth quarter of 2022. If assumptions or estimates with respect to the Company’s future performance vary from what is expected, including those assumptions relating to interest rates, forecasted revenue, and economic and geopolitical uncertainty in Europe, future impairment analyses could result in a decline in fair value that may trigger a future impairment charge. The following table presents the carrying values of these assets as of June 30, 2023:
Trade names and trademarks | June 30, 2023
European building and technical insulation trade name | $ | 89 |
Global cellular glass insulation trademark | $ | 80 |
Components branded roofing trademark | $ | 42 |
Amortization expense for intangible assets for the three and six months ended June 30, 2023 was $24 million and $42 million, respectively. Amortization expense for intangible assets for the three and six months ended June 30, 2022 was $12 million and $23 million, respectively. Amortization expense for intangible assets is estimated to be $55 million for the remainder of 2023. The estimated amortization expense for intangible assets for the next five fiscal years ended December 31 is as follows (in millions):
Period | Amortization
2024 | $ | 65 |
2025 | $ | 58 |
2026 | $ | 43 |
2027 | $ | 35 |
2028 | $ | 34 |

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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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