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Goodwill and Long-Lived Assets | 3 Months Ended
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Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND LONG-LIVED ASSETS | Goodwill by Segment As described in Note 1, “Basis of Presentation and Summary of Significant Accounting Policies”, effective January 1, 2022, the Company realigned its reportable segments to correspond with changes to its operating model, management structure and organizational responsibilities. In connection with the change in reportable segments, during the first quarter of 2022, the Company determined its reporting units and then assigned goodwill to the new reporting units based on the relative fair value allocation approach. We have reclassified prior period goodwill disclosures to conform to the current period presentation. The carrying amounts of goodwill by segment as of March 31, 2022 and December 31, 2021 are included in the table below. Foreign currency fluctuations are included within other adjustments.
| December 31, 2021 |  |  |  |  |  |  |  |  |  | March 31, 2022
In millions | Goodwill | Accumulated Impairment | Total |  |  |  | Additions |  | Impairment |  | Other |  | Goodwill | Accumulated Impairment | Total
Payments & Network | $ | 988 |  | $ | — |  | $ | 988 |  |  |  |  | $ | 45 |  |  | $ | — |  |  | $ | 2 |  |  | $ | 1,035 |  | $ | — |  | $ | 1,035 |
Digital Banking | 595 |  | — |  | 595 |  |  |  |  | — |  |  | — |  |  | 1 |  |  | 596 |  | — |  | 596 |
Self-Service Banking | 1,635 |  | (101) |  | 1,534 |  |  |  |  | — |  |  | — |  |  | 4 |  |  | 1,639 |  | (101) |  | 1,538 |
Retail | 1,015 |  | (34) |  | 981 |  |  |  |  | — |  |  | — |  |  | (1) |  |  | 1,014 |  | (34) |  | 980 |
Hospitality | 292 |  | (23) |  | 269 |  |  |  |  | — |  |  | — |  |  | — |  |  | 292 |  | (23) |  | 269 |
Other(1) | 163 |  | (11) |  | 152 |  |  |  |  | — |  |  | — |  |  | — |  |  | 163 |  | (11) |  | 152 |
Total goodwill | $ | 4,688 |  | $ | (169) |  | $ | 4,519 |  |  |  |  | $ | 45 |  |  | $ | — |  |  | $ | 6 |  |  | $ | 4,739 |  | $ | (169) |  | $ | 4,570 |
(1) Other segment includes the goodwill associated with our Technology & Telecommunications reporting unit. Additions during the first quarter of 2022 include immaterial purchase accounting adjustments related to the Cardtronics acquisition as well as the goodwill acquired through the LibertyX transaction on January 5, 2022. For additional information on these business combinations, refer to Note 2, “Business Combinations”. Due to the change in reportable segments, management performed an interim goodwill impairment analysis immediately before and as of the effective date of January 1, 2022. The assessment as of December 31, 2021 was performed based on a qualitative assessment of the historical Banking, Retail, Hospitality and Telecommunications & Technology reporting units. No impairment was identified. The assessment as of January 1, 2022 was performed using a weighted combination of both guideline public company and discounted cash flow valuation methods. This assessment included, but was not limited to, our consideration of the potential impacts of the COVID-19 pandemic to the current and future cash flows as well as macroeconomic conditions, industry and market considerations, and financial performance, including forecasted revenue, earnings and capital expenditures of each reporting unit. Based on this analysis, it was determined that the fair value of all reporting units were substantially in excess of the carrying value. However, if the actual results differ from our expectations for any of our reporting units, there is a possibility we would have to perform additional interim impairment tests, which could lead to an impairment of goodwill or other assets. Identifiable Intangible Assets NCR's purchased intangible assets, reported in Intangibles, net in the Condensed Consolidated Balance Sheets, were specifically identified when acquired, and are deemed to have finite lives. The gross carrying amount and accumulated amortization for NCR’s identifiable intangible assets were as set forth in the table below.
| Amortization Period (in Years) |  | March 31, 2022 |  | December 31, 2021
In millions |  | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Identifiable intangible assets |  |  |  |  |  |  |  |  |
Reseller & customer relationships | 1 - 20 |  | $ | 1,127 |  |  | $ | (409) |  |  | $ | 1,126 |  |  | $ | (391) |
Intellectual property | 2 - 8 |  | 1,041 |  |  | (495) |  |  | 1,008 |  |  | (474) |
Customer contracts | 8 |  | 89 |  |  | (89) |  |  | 89 |  |  | (89) |
Tradenames | 1 - 10 |  | 130 |  |  | (85) |  |  | 130 |  |  | (83) |
Total identifiable intangible assets |  |  | $ | 2,387 |  |  | $ | (1,078) |  |  | $ | 2,353 |  |  | $ | (1,037) |
Amortization expense related to identifiable intangible assets was $41 million and $20 million for the three months ended March 31, 2022 and 2021, respectively. The estimated aggregate amortization expense for identifiable intangible assets for the following periods is:
|  |  | For the years ended December 31
In millions | Remainder of 2022 |  | 2023 |  | 2024 |  | 2025 |  | 2026 |  | 2027
Amortization expense | $ | 133 |  |  | $ | 174 |  |  | $ | 163 |  |  | $ | 151 |  |  | $ | 141 |  |  | $ | 125 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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