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GOODWILL AND OTHER INTANGIBLE ASSETS
12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS
GOODWILL AND OTHER INTANGIBLE ASSETS

Changes in the carrying amount of goodwill follow:
(Dollars in millions)
Additives & Functional Products
 
Advanced Materials
 
Chemical Intermediates
 
Other
 
Total
Balance at December 31, 2016
$
2,416

 
$
1,275


$
760


$
10


$
4,461

Acquisitions
17

 

 

 

 
17

Goodwill written off as a result of sale of business
(1
)
 

 

 

 
(1
)
Currency translation adjustments
27

 
14

 
9

 

 
50

Balance at December 31, 2017
2,459

 
1,289

 
769

 
10

 
4,527

Impairments recognized
(38
)
 

 

 

 
(38
)
Currency translation adjustments
(11
)
 
(6
)
 
(5
)
 

 
(22
)
Balance at December 31, 2018
$
2,410

 
$
1,283

 
$
764

 
$
10

 
$
4,467



In fourth quarter 2018, as a result of the annual impairment test of goodwill, the Company recognized a $38 million goodwill impairment in the crop protection reporting unit (part of the Additives & Functions Products ("AFP") segment). The impairment was primarily driven by an increase in the WACC applied to the impairment analysis and the estimated impact of future regulatory changes. The Company used an income approach and applied a fair value methodology based on discounted cash flows in testing the carrying value of goodwill for the crop protection reporting unit.

As of December 31, 2018, the reported balance of goodwill included accumulated impairment losses of $61 million, $12 million, and $14 million in the AFP segment, Chemical Intermediates ("CI") segment, and other segments, respectively. As of December 31, 2017, the reported balance of goodwill included accumulated impairment losses of $23 million, $12 million, and $14 million in the AFP segment, CI segment, and other segments, respectively.

The carrying amounts of intangible assets follow:
 
 
 
 
December 31, 2018
 
December 31, 2017
(Dollars in millions)
Estimated Useful Life in Years
Gross Carrying Value
 
Accumulated Amortization
 
Net Carrying Value
 
Gross Carrying Value
 
Accumulated Amortization
 
Net Carrying Value
Amortizable intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Customer relationships
8
-
25
$
1,567

 
$
419

 
$
1,148

 
$
1,583

 
$
345

 
$
1,238

Technology
7
-
20
680

 
294

 
386

 
690

 
247

 
443

Contracts
 
5

180

 
147

 
33

 
180

 
111

 
69

Other
5
-
37
102

 
23

 
79

 
102

 
19

 
83

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Indefinite-lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Tradenames
 
 
 
529

 

 
529

 
530

 

 
530

Other
 
 
 
10

 

 
10

 
10

 

 
10

Total identified intangible assets
 
 
 
$
3,068

 
$
883

 
$
2,185

 
$
3,095

 
$
722

 
$
2,373



Amortization expense of definite-lived intangible assets was $164 million, $164 million, and $166 million for 2018, 2017, and 2016, respectively. Estimated amortization expense for future periods is $165 million in 2019, $130 million in 2020, and $120 million each year for 2021 through 2023.