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GOODWILL AND OTHER INTANGIBLE ASSETS | 12 Months Ended
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Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS | GOODWILL AND OTHER INTANGIBLE ASSETS Below is a summary of the change in goodwill during 2021 and 2020.
(Dollars in millions) | Additives & Functional Products |  | Advanced Materials |  | Chemical Intermediates |  | Other |  | Total
Balance at December 31, 2019 | $ | 2,377 |  |  | $ | 1,282 |  |  | $ | 762 |  |  | $ | 10 |  |  | $ | 4,431 |
Currency translation adjustments | 20 |  |  | 10 |  |  | 4 |  |  | — |  |  | 34 |
Balance at December 31, 2020 | 2,397 |  |  | 1,292 |  |  | 766 |  |  | 10 |  |  | 4,465 |
Divestiture | (398) |  |  | — |  |  | — |  |  | — |  |  | (398) |
Held for sale | (399) |  |  | — |  |  | — |  |  | — |  |  | (399) |
Currency translation adjustments | (15) |  |  | (6) |  |  | (6) |  |  | — |  |  | (27) |
Balance at December 31, 2021 | $ | 1,585 |  |  | $ | 1,286 |  |  | $ | 760 |  |  | $ | 10 |  |  | $ | 3,641 |
The reported balance of goodwill included accumulated impairment losses of $106 million, $12 million, and $14 million in the AFP segment, Chemical Intermediates ("CI") segment, and other segments, respectively, at both December 31, 2021 and 2020. The carrying amounts of intangible assets follow:
|  |  |  | December 31, 2021 |  | December 31, 2020
(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 | $ | 1,144 |  |  | $ | 479 |  |  | $ | 665 |  |  | $ | 1,589 |  |  | $ | 571 |  |  | $ | 1,018 |
Technology | 7 | - | 20 | 581 |  |  | 304 |  |  | 277 |  |  | 687 |  |  | 392 |  |  | 295 |
Tradenames | -- | — |  |  | — |  |  | — |  |  | 44 |  |  | 2 |  |  | 42 |
Other | 18 | - | 37 | 87 |  |  | 26 |  |  | 61 |  |  | 86 |  |  | 23 |  |  | 63 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Tradenames |  |  |  | 349 |  |  | — |  |  | 349 |  |  | 364 |  |  | — |  |  | 364 |
Other |  |  |  | 10 |  |  | — |  |  | 10 |  |  | 10 |  |  | — |  |  | 10 |
Total identified intangible assets |  |  |  | $ | 2,171 |  |  | $ | 809 |  |  | $ | 1,362 |  |  | $ | 2,780 |  |  | $ | 988 |  |  | $ | 1,792 |
In second quarter 2020, outside of the annual impairment testing process, the Company reviewed the indefinite-lived intangible assets associated with the now divested tire additives reporting unit for impairment. As a result of the review, the Company recognized intangible asset impairments of $123 million in second quarter 2020 in the tire additives reporting unit to reduce the carrying value of the Crystex™ and Santoflex™ tradenames to the estimated fair value. The impairments are primarily the result of weakened demand in transportation end markets impacted by the COVID-19 coronavirus global pandemic ("COVID-19") and increased competitive pricing pressure as a result of global capacity increases. Amortization began in third quarter 2020 for the remaining value of the Crystex™ tradename of $42 million. Amortization expense of definite-lived intangible assets was $108 million, $128 million, and $160 million for 2021, 2020, and 2019, respectively. Estimated amortization expense for future periods is $85 million in 2022 and 2023, $80 million in 2024, and $75 million in 2025 and 2026. The Company will continue to monitor both goodwill and indefinite-lived intangible assets for any indication of events which might require additional testing before the next annual impairment test and could result in material impairment charges.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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