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Goodwill and Other Intangible Assets, Net (Tables)
12 Months Ended
Dec. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill

The following table sets forth the changes in the carrying amount of the Company’s goodwill, net by segment for the years ended December 31, 2020 and 2019.

 

 

 

December 31,

 

 

 

2020

 

 

2019

 

Titanium Technologies:

 

 

 

 

 

 

 

 

Balance at January 1,

 

$

13

 

 

$

13

 

Balance at December 31,

 

 

13

 

 

 

13

 

Thermal & Specialized Solutions:

 

 

 

 

 

 

 

 

Balance at January 1,

 

 

33

 

 

 

33

 

Balance at December 31,

 

 

33

 

 

 

33

 

Advanced Performance Materials:

 

 

 

 

 

 

 

 

Balance at January 1,

 

 

56

 

 

 

56

 

Balance at December 31,

 

 

56

 

 

 

56

 

Chemical Solutions:

 

 

 

 

 

 

 

 

Balance at January 1,

 

 

51

 

 

 

51

 

Balance at December 31,

 

 

51

 

 

 

51

 

Total goodwill, net

 

$

153

 

 

$

153

 

Schedule of Other Intangible Assets

The following table sets forth the gross carrying amounts and accumulated amortization of the Company’s other intangible assets by major class at December 31, 2020 and 2019.

 

 

 

December 31, 2020

 

 

December 31, 2019

 

 

 

Cost

 

 

Accumulated

Amortization

 

 

Net

 

 

Cost

 

 

Accumulated

Amortization

 

 

Net

 

Customer lists

 

$

9

 

 

$

(9

)

 

$

 

 

$

9

 

 

$

(8

)

 

$

1

 

Customer relationships

 

 

22

 

 

 

(12

)

 

 

10

 

 

 

22

 

 

 

(8

)

 

 

14

 

Patents

 

 

19

 

 

 

(19

)

 

 

 

 

 

19

 

 

 

(19

)

 

 

 

Purchased trademarks

 

 

5

 

 

 

(3

)

 

 

2

 

 

 

5

 

 

 

(3

)

 

 

2

 

Purchased and licensed technology

 

 

3

 

 

 

(3

)

 

 

 

 

 

3

 

 

 

(3

)

 

 

 

Other (1)

 

 

10

 

 

 

(8

)

 

 

2

 

 

 

10

 

 

 

(6

)

 

 

4

 

Total other intangible assets

 

$

68

 

 

$

(54

)

 

$

14

 

 

$

68

 

 

$

(47

)

 

$

21

 

 

(1)

Represents non-cash favorable supply contracts acquired in connection with the sale of the Sulfur business and recognized during the third quarter of 2016 based on the present value of the difference between their contractual cash flows and estimated cash flows had the contracts been executed at a determinable market price. These contract intangibles will be amortized to cost of goods sold over the remaining life of the supply contracts through 2021.