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GOODWILL AND INTANGIBLE ASSETS | 12 Months Ended
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Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS For the years ended December 31, 2022 and December 31, 2021, there were $4 million and $29 million additions to goodwill, respectively, due to acquisitions. For more information on significant acquisitions, refer to “Note 2 — Business Combination”. During the fourth quarter of 2022, the market price of our common stock declined significantly. As such, the Company determined that an indicator of potential impairment existed and decided to perform an interim quantitative test for goodwill impairment. Based on the quantitative analysis, the Company recorded a goodwill impairment charge of $60 million for the year ended December 31, 2022. There was no impairment of goodwill identified for the years ended December 31, 2021 and 2020. Intangible assets subject to amortization consisted of the following as of December 31, 2022 and 2021, respectively (in millions, except years):
December 31, 2022 | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Remaining Weighted Average Useful Life (Years)
Developed technology | $ | 17 |  |  | $ | (9) |  |  | $ | 8 |  |  | 1.8
Customer relationships | 7 |  |  | (5) |  |  | 2 |  |  | 1.7
Trademarks | 5 |  |  | (3) |  |  | 2 |  |  | 1.7
Intangible assets – net | $ | 29 |  |  | $ | (17) |  |  | $ | 12 |  |  |
December 31, 2021 | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Remaining Weighted Average Useful Life (Years)
Developed technology | $ | 7 |  |  | $ | (2) |  |  | $ | 5 |  |  | 0.7
Customer relationships | 7 |  |  | (3) |  |  | 4 |  |  | 2.7
Trademarks | 5 |  |  | (2) |  |  | 3 |  |  | 2.7
Intangible assets – net | $ | 19 |  |  | $ | (7) |  |  | $ | 12 |  |  |
Amortization expense for intangible assets was $9 million, $4 million, and $4 million for the years ended December 31, 2022, 2021, and 2020, respectively. As of December 31, 2022, expected amortization of intangible assets is as follows (in millions):
Fiscal Years |  |
2023 |  | $ | 7 |
2024 |  | 5 |
Total |  | $ | 12 |

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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 https://asc.fasb.org/topic&trid=2144416 + Details
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