XML 197 R12.htm IDEA: XBRL DOCUMENT v3.22.4
Intangible Assets
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Intangible Assets
Goodwill
The original carrying value of goodwill and accumulated impairment charges by reportable business segment at December 31, 2022, was as follows:
(in millions)North
America
South
America
Asia-
Pacific
EMEATotal
Goodwill before impairment charges $624 $48 $323 $74 $1,069 
Accumulated impairment charges(1)(33)(121)— (155)
Balance at January 1, 2021623 15 202 74 914 
Acquisitions— — 
Currency translation (1)(13)(6)(19)
Balance at December 31, 2022$622 $16 $190 $72 $900 
Based on the results of our impairment assessments, we concluded that as of July 1, 2022, there were no impairments to goodwill.
Other Intangible Assets
The following tables summarize our other intangible assets as of December 31, 2022 and 2021:
2022
(in millions)GrossAccumulated AmortizationNetWeighted Average Useful Life
(years)
Trademarks/tradenames (indefinite-lived)$143 $— $143 
Patents32 (7)25 12
Customer relationships356 (150)206 19
Technology102 (101)9
Other43 (17)26 15
Total other intangible assets$676 $(275)$401 17
2021
(in millions)GrossAccumulated AmortizationNetWeighted Average Useful Life
(years)
Trademarks/tradenames (indefinite-lived)$143 $— $143 
Patents33 (4)29 12
Customer relationships365 (134)231 19
Technology103 (101)9
Other43 (14)29 15
Total other intangible assets$687 $(253)$434 17
Amortization expense related to intangible assets was $26 million, $27 million and $30 million for 2022, 2021 and 2020, respectively. Based on the results of our impairment assessments, we concluded that as of July 1, 2022, there were no
impairments to our indefinite-lived other intangible assets. Based on acquisitions completed through 2022, intangible asset amortization expense for the next five years is shown below:
(in millions)
Year
Amortization Expense
2023$26
202426
202525
202625
202725