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Goodwill and Intangible Assets | 12 Months Ended
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Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets Goodwill The changes in the carrying amount of goodwill in each of the Company’s reportable segments for the years ended December 31, 2021 and 2020 were as follows:
Dollars in millions | Government Solutions |  | Sustainable Technology Solutions |  | Total
Balance as of January 1, 2020 | $ | 978 |  |  | $ | 287 |  |  | $ | 1,265 |
Goodwill acquired during the period (Note 4) | 589 |  |  | — |  |  | 589 |
Goodwill reallocation | 19 |  |  | (19) |  |  | — |
Impairment loss | — |  |  | (99) |  |  | (99) |
Foreign currency translation | 3 |  |  | 3 |  |  | 6 |
Balance as of January 1, 2021 | $ | 1,589 |  |  | $ | 172 |  |  | $ | 1,761 |
Goodwill acquired during the period (Note 4) | 306 |  |  | — |  |  | 306 |
Foreign currency translation | (5) |  |  | (2) |  |  | (7) |
Balance as of December 31, 2021 | $ | 1,890 |  |  | $ | 170 |  |  | $ | 2,060 |
2020 Goodwill Impairment In connection with our business reorganization and restructuring activities during the first quarter of 2020, we changed our internal management reporting structure, which resulted in changes to the underlying reporting units within our legacy Energy Solutions business segment. Additionally, given the significant adverse economic and market conditions associated with the dislocation of the global energy market and COVID-19 pandemic as well as the significant decline in the price of our common shares during the first quarter of 2020, we performed an interim impairment test of goodwill resulting in goodwill impairment of $62 million for the three months ended March 31, 2020. The goodwill impairment was associated with a reporting unit in our legacy Energy Solutions business segment. As a result of the ongoing economic and market volatility as well as management's decision to discontinue pursuing certain projects within our legacy Energy Solutions business segment during the second quarter of 2020, we performed an interim impairment test of goodwill resulting in goodwill impairment of $37 million for the three months ended June 30, 2020. The goodwill impairment was associated with a reporting unit within our STS business segment. One reporting unit within our GS business segment had a negative carrying amount of net assets as of June 30, 2020 and goodwill of approximately $19 million. No change in the composition of our reporting units resulted from our segment reorganization, effective January 1, 2021, and as such, no reallocation of goodwill was required. For reporting units in our STS business segment, fair value was determined using a blended approach utilizing discounted cash flow models with estimated cash flows based on internal forecasts of revenues and expenses over a specified period plus a terminal value. For all other reporting units, fair values were determined using a blended approach including market earnings multiples and discounted cash flow models. Under the market approach, we estimated fair value by applying earnings and revenue market multiples to a reporting unit’s operating performance for the trailing twelve-month period. The income approach estimates fair value by discounting each reporting unit’s estimated future cash flows using a weighted-average cost of capital that reflects current market conditions and the risk profile of the reporting unit. To arrive at our future cash flows, we used estimates of economic and market assumptions, including growth rates in revenues, costs, estimates of future expected changes in operating margins, tax rates and cash expenditures. Other significant estimates and assumptions include terminal value growth rates, future estimates of capital expenditures and changes in future working capital requirements. Intangible Assets Intangible assets are comprised of customer relationships, trade names, licensing agreements and other. The cost and accumulated amortization of our intangible assets were as follows:
Dollars in millions | December 31, 2021
| Weighted Average Remaining Useful Lives |  | Intangible Assets, Gross |  | Accumulated Amortization |  | Intangible Assets, Net
Trademarks/trade names | Indefinite |  | $ | 50 |  |  | $ | — |  |  | $ | 50 |
Customer relationships | 14 |  | 546 |  |  | (124) |  |  | 422 |
Developed technologies | 18 |  | 75 |  |  | (39) |  |  | 36 |
Contract backlog | 18 |  | 303 |  |  | (113) |  |  | 190 |
Other | 11 |  | 25 |  |  | (15) |  |  | 10 |
Total intangible assets |  |  | $ | 999 |  |  | $ | (291) |  |  | $ | 708 |
| December 31, 2020
| Weighted Average Remaining Useful Lives |  | Intangible Assets, Gross |  | Accumulated Amortization |  | Intangible Assets, Net
Trademarks/trade names | Indefinite |  | $ | 50 |  |  | $ | — |  |  | $ | 50 |
Customer relationships | 15 |  | 470 |  |  | (100) |  |  | 370 |
Developed technologies | 19 |  | 75 |  |  | (37) |  |  | 38 |
Contract backlog | 18 |  | 291 |  |  | (76) |  |  | 215 |
Other | 13 |  | 25 |  |  | (15) |  |  | 10 |
Total intangible assets |  |  | $ | 911 |  |  | $ | (228) |  |  | $ | 683 |
Intangibles subject to amortization are impaired if the carrying value of the intangible is not recoverable and exceeds its fair value. Intangibles that are not subject to amortization are reviewed annually for impairment or more often if events or circumstances change that would create a triggering event. In 2020, in connection with the energy market decline, we recognized an impairment loss on indefinite-lived intangible assets associated with certain trade names acquired through previous business combinations of our legacy ES business of approximately $11 million within restructuring charges and asset impairments. Our intangibles amortization expense is presented below:
| Years ended December 31,
Dollars in millions | 2021 |  | 2020 |  | 2019
Intangibles amortization expense | $ | 66 |  |  | $ | 42 |  |  | $ | 33 |
Our expected intangibles amortization expense for the next five years is presented below:
Dollars in millions | Expected future intangibles amortization expense
2022 | $ | 51 |
2023 | $ | 43 |
2024 | $ | 42 |
2025 | $ | 42 |
2026 | $ | 42 |
Beyond 2026 | $ | 438 |

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