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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 | 10. Goodwill and Intangible Assets
GOODWILL (Dollars in millions) |  | 2023 |  |  | 2022 |
Carrying amount at beginning of year |  | $ | 1,375 |  |  | $ | 1,387 |
Translation differences |  |  | 2 |  |  |  | (11 | )
Carrying amount at end of year |  | $ | 1,378 |  |  | $ | 1,375 |
Approximately $1.2 billion of the Company’s goodwill is associated with the 1997 merger of Autoliv AB and the Automotive Safety Products Division of Morton International, Inc. No goodwill impairment charges were recognized during 2023, 2022 or 2021.
AMORTIZABLE INTANGIBLES (Dollars in millions) |  | 2023 |  |  | 2022 |
Gross carrying amount |  | $ | 391 |  |  | $ | 387 |
Accumulated amortization |  |  | (384 | ) |  |  | (380 | )
Carrying value |  | $ | 7 |  |  | $ | 7 |
At December 31, 2023, intangible assets subject to amortization mainly relate to acquired technology. No significant impairments of intangible assets were recognized during 2023, 2022 or 2021. Amortization expense related to intangible assets was $2 million, $3 million and $10 million in 2023, 2022 and 2021, respectively. Estimated future amortization expense is immaterial for all future periods.

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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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