XML 26 R13.htm IDEA: XBRL DOCUMENT v3.10.0.1
Intangible Assets
6 Months Ended
Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
Intangible Assets, net
Intangible assets, net as of June 30, 2018 and December 31, 2017, are comprised of the following:
 
 
 
June 30, 2018
 
December 31, 2017
 
Estimated Weighted Average Useful Life (years)
 
Gross Carrying Value    
 
Accumulated Amortization
 
Net Carrying Value
 
Gross Carrying Value    
 
Accumulated Amortization
 
Net Carrying Value
 
 
 
(Dollars in Millions)
Definite-Lived:
 
 
Developed technology
8
 
$
40

 
$
(29
)
 
$
11

 
$
40

 
$
(27
)
 
$
13

Customer related
10
 
87

 
(39
)
 
48

 
88

 
(35
)
 
53

Capitalized software development
4
 
11

 
(2
)
 
9

 
8

 
(1
)
 
7

Other
23
 
13

 
(1
)
 
12

 
13

 
(1
)
 
12

Subtotal
 
 
151

 
(71
)
 
80

 
149

 
(64
)
 
85

Indefinite-Lived:
 
 
Goodwill
 
 
45

 

 
45

 
47

 

 
47

    Total
 
 
$
196

 
$
(71
)
 
$
125

 
$
196

 
$
(64
)
 
$
132


The Company recorded approximately $3 million and $7 million of amortization expense related to definite-lived intangible assets for the three and six months ended June 30, 2018, respectively. The Company currently estimates annual amortization expense to be $16 million for both 2018 and 2019, $13 million for 2020, and $11 million for years 2021 and 2022. Indefinite-lived intangible assets are not amortized but are tested for impairment at least annually, or earlier when events and circumstances indicate that it is more likely than not that such assets have been impaired. There were no indicators of impairment during the six months ended June 30, 2018.
During the year ended December 31, 2017, the Company contributed $2 million to American Center for Mobility, a non-profit state of the art research and development facility. The contribution provides the Company certain rights regarding access to the facility for three years. The Company will use the facility for autonomous driving research and development activities for multiple products and therefore capitalized the contribution as an intangible asset. The Company will make a second contribution of $2 million during the third quarter of 2018. The asset is being amortized on a straight-line basis over a 36 month period beginning in January 2018.
A roll-forward of the carrying amounts of intangible assets is presented below:
 
Definite-lived intangibles
 
 
 
 
 
Developed Technology
 
Customer Related
 
Capitalized Software Development
 
Other
 
Goodwill
Total
 
(Dollars in Millions)
December 31, 2017
$
13

 
$
53

 
$
7

 
$
12

 
$
47

 
$
132

Additions

 

 
3

 

 

 
3

Foreign currency

 
(1
)
 

 

 
(2
)
 
(3
)
Amortization
(2
)
 
(4
)
 
(1
)
 

 

 
(7
)
June 30, 2018
$
11

 
$
48

 
$
9

 
$
12

 
$
45

 
$
125