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Intangibles, net
12 Months Ended
Dec. 31, 2019
Intangible Assets Net Excluding Goodwill [Abstract]  
Intangibles, net

8. Intangibles, net

Identified intangible assets with determinable lives consist primarily of customer relationships, trade names, trademarks and patents, and non-compete agreements acquired in acquisitions, and are being amortized on a straight-line basis over the estimated useful lives of 3 to 20 years. Intangible assets that are fully amortized are removed from the disclosures.

Identified intangible assets by major classification, affected by the fluctuation of foreign currency rates, consist of the following (in millions):

 

 

 

 

 

 

Accumulated

 

 

Net Book

 

 

 

Gross

 

 

Amortization

 

 

Value

 

December 31, 2019:

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks and patents

 

$

38

 

 

$

(9

)

 

$

29

 

Customer relationships

 

 

116

 

 

 

(57

)

 

 

59

 

Other

 

 

2

 

 

 

 

 

 

2

 

Total identified intangibles

 

$

156

 

 

$

(66

)

 

$

90

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018:

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks and patents

 

$

103

 

 

$

(31

)

 

$

72

 

Customer relationships

 

 

118

 

 

 

(46

)

 

 

72

 

Other

 

 

11

 

 

 

(11

)

 

 

 

Total identified intangibles

 

$

232

 

 

$

(88

)

 

$

144

 

During the fourth quarter of 2019, the Company made strategic decisions to discontinue the use of certain acquired trade names in order to eliminate branding dilution in the market and align the Company’s marketing around its DNOW brands. As of December 31, 2019, the Company completed the disposals of these trade names by abandonment and recognized impairment charges of $34 million in the U.S. reporting segment and $4 million in the International reporting segment. Such impairment was included in impairment charges in the consolidated statements of operations, representing the remaining carrying values of these specifically acquired intangible assets. The Company did not record impairment for intangible assets for the years ended December 31, 2018 and 2017.

Amortization expense was $19 million, $20 million and $22 million for the years ended December 31, 2019, 2018, and 2017, respectively. The following table represents the total estimated amortization of intangible assets for the five succeeding years, excluding assets held-for-sale (in millions): 

For the Year Ending December 31,

 

Estimated Amortization Expense

 

2020

 

$

15

 

2021

 

 

15

 

2022

 

 

14

 

2023

 

 

10

 

2024

 

 

8