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GOODWILL AND INTANGIBLE ASSETS | 12 Months Ended
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Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS For the year ended December 31, 2023 there were no additions to goodwill. For the year ended December 31, 2022 the carrying amount of goodwill increased by $4 million due to acquisitions. For more information on significant acquisitions, refer to “Note 16 — Business Acquisitions”. 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, 2023 and December 31, 2021. Intangible assets subject to amortization consisted of the following as of December 31, 2023 and 2022, respectively (in millions, except years):
December 31, 2023 | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Remaining Weighted Average Useful Life (Years)
Developed technology | $ | 17 |  |  | $ | (13) |  |  | $ | 4 |  |  | 0.8
Customer relationships | 7 |  |  | (6) |  |  | 1 |  |  | 0.7
Trademarks | 5 |  |  | (5) |  |  | — |  |  | 0.7
Intangible assets – net | $ | 29 |  |  | $ | (24) |  |  | $ | 5 |  |  |
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 |  |  |
Amortization expense for intangible assets was $7 million, $9 million, and $4 million for the years ended December 31, 2023, 2022, and 2021, respectively. As of December 31, 2023, expected amortization of intangible assets is as follows (in millions):
Fiscal Years |  |
2024 |  | $ | 5 |
Total |  | $ | 5 |

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