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Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2021

Intangible Assets

Schedule of goodwill

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North

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South

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Asia-

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​

​

​

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​

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(in millions)

America

America

Pacific

EMEA

Total

Goodwill before impairment charges

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$

622

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$

50

​

$

316

​

$

69

​

$

1,057

​

Accumulated impairment charges

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​

(1)

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​

(33)

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​

(121)

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​

—

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(155)

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Balance at January 1, 2021

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​

621

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​

17

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​

195

​

​

69

​

​

902

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Acquisitions

​

​

2

​

​

—

​

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6

​

​

9

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17

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Currency translation

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—

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(2)

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​

1

​

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(4)

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​

(5)

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Balance at December 31, 2021

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$

623

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$

15

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$

202

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$

74

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$

914

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Schedule of intangible assets

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​	​	​	​	​	​	​	​	​	​	​	​
​	​	2021
(in millions)		Gross			Accumulated Amortization			Net			Weighted Average Useful Life (years)
Trademarks/tradenames (indefinite-lived)		$	143		$	—		$	143		—
Patents	​	​	33	​	​	(4)	​	​	29	​	12
Customer relationships	​	​	365	​	​	(134)	​	​	231	​	19
Technology	​	​	103	​	​	(101)	​	​	2	​	9
Other	​	​	43	​	​	(14)	​	​	29	​	15
Total other intangible assets	​	$	687	​	$	(253)	​	$	434	​	17
​	​	​	​	​	​	​	​	​	​	​	​
​	​	2020
(in millions)	​	Gross			Accumulated Amortization			Net			Weighted Average Useful Life (years)
Trademarks/tradenames (indefinite-lived)	​	$	143		$	—		$	143		—
Patents	​	​	33	​	​	(2)	​	​	31	​	12
Customer relationships	​	​	356	​	​	(115)	​	​	241	​	20
Technology	​	​	103	​	​	(101)	​	​	2	​	9
Other	​	​	38	​	​	(11)	​	​	27	​	19
Total other intangible assets	​	$	673	​	$	(229)	​	$	444	​	17

Schedule of amortization expense related to intangible assets

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​	​	​	​
(in millions)	​	​	​
Year		Amortization Expense
2022	​	$	27
2023	​	​	26
2024	​	​	26
2025	​	​	26
2026	​	​	25

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- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance, by either major class or business segment.

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- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
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-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267

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