XML 23 R13.htm IDEA: XBRL DOCUMENT

Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

The following summarizes the Company's goodwill (in millions):


	September 30, 2023		December 31, 2022
Balance at the beginning of the period:
Goodwill	$	1,088	$	907
Accumulated impairment losses	(669)		(675)
	419		232

Additions	89		190
Currency translation	—		(3)

Balance at the end of the period:
Goodwill	1,177		1,088
Accumulated impairment losses	(669)		(669)
	$	508	$	419

Intangible Assets

Intangible assets, net, consisted of the following major classes (in millions):


	September 30, 2023
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
Finite-lived intangible assets:
Customer-related and non-compete agreements	$	242	$	(62)	$	180
Internally developed software(a)	63		(45)		18
Total	305		(107)		198
Indefinite-lived intangible assets:
Trade name	270		—		270
Total intangible assets, net	$	575	$	(107)	$	468

(a) Includes capitalized costs of $4 million yet to be placed into service.


	December 31, 2022
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
Finite-lived intangible assets:
Customer-related and non-compete agreements	$	181	$	(38)	$	143
Internally developed software(a)	57		(39)		18
Total	238		(77)		161
Indefinite-lived intangible assets:
Trade name	270		—		270
Total intangible assets, net	$	508	$	(77)	$	431

(a) Includes capitalized costs of $3 million yet to be placed into service.

Amortization of intangible assets was $10 million and $30 million for the three and nine months ended September 30, 2023, respectively, and $9 million and $22 million for the three and nine months ended September 30, 2022, respectively.