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Goodwill and Other Intangible Assets - Net
 12 Months Ended
Dec. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets - Net

 

Note 13. Goodwill and Other Intangible Assets — Net

Goodwill as of December 31, 2020 and 2019 for Products & Solutions was $2,037 million and $2,004 million, respectively. The increase relates to foreign currency translation adjustments. Goodwill as of December 31, 2020 and 2019 for ADI Global Distribution was $654 million and $639 million, respectively. The carrying value of goodwill increased by $4 million due to an acquisition during the year. The remainder of the increase relates to foreign currency translation adjustments.

 

 

Other intangible assets with finite lives are comprised of:

 

 

 

December 31, 2020

 

 

December 31, 2019

 

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

Patents and technology

 

$

37

 

 

$

(23

)

 

$

14

 

 

$

35

 

 

$

(19

)

 

$

16

 

Customer relationships

 

 

192

 

 

 

(122

)

 

 

70

 

 

 

170

 

 

 

(106

)

 

 

64

 

Trademarks

 

 

15

 

 

 

(8

)

 

 

7

 

 

 

9

 

 

 

(7

)

 

 

2

 

Software

 

 

146

 

 

 

(102

)

 

 

44

 

 

 

139

 

 

 

(94

)

 

 

45

 

 

 

$

390

 

 

$

(255

)

 

$

135

 

 

$

353

 

 

$

(226

)

 

$

127

 

 

Other intangible assets amortization expense was $31 million, $30 million and $21 million in 2020, 2019 and 2018, respectively. Estimated intangible asset amortization expense for each of the next five years approximates $28 million in 2021, $22 million in 2022, $19 million in 2023, $17 million in 2024 and $16 million in 2025.