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GOODWILL AND OTHER INTANGIBLE ASSETS | 12 Months Ended
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Dec. 31, 2016
GOODWILL AND OTHER INTANGIBLE ASSETS | NOTE 5. GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill The components of goodwill by segment are provided in the following table:
(In millions) |  | North American Retail Division |  |  | North American Business Solutions Division |  |  | Corporate |  |  | Total |
Balance as of December 26, 2015 |  | $ | 78 |  |  | $ | 285 |  |  | $ | — |  |  | $ | 363 |
Balance as of December 31, 2016 |  | $ | 78 |  |  | $ | 285 |  |  | $ | — |  |  | $ | 363 |
Goodwill in the North American Business Solutions Division in the table above is net of $349 million of accumulated impairment loss recognized in 2008. Intangible Assets Definite-lived intangible assets are reviewed periodically to determine whether events and circumstances indicate the carrying amount may not be recoverable or the remaining period of amortization should be revised. In connection with implementing the Real Estate Strategy and the Comprehensive Business Review, the Company recognized impairment charges associated with favorable leases at closing locations in 2016, 2015 and 2014 totaling $7 million, $1 million and $5 million, respectively. These impairment charges are presented in Asset impairments in the Consolidated Statements of Operations. Refer to Note 14 for additional information on fair value measurement. Definite-lived intangible assets, which are included in Other intangible assets, net in the Consolidated Balance Sheets, are as follows:
|  | December 31, 2016 |
(In millions) |  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Carrying Value |
Customer relationships |  | $ | 74 |  |  | $ | (53 | ) |  | $ | 21 |
Favorable leases |  |  | 18 |  |  |  | (6 | ) |  |  | 12 |
Total |  | $ | 92 |  |  | $ | (59 | ) |  | $ | 33 |
|  | December 26, 2015 |
(In millions) |  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Carrying Value |
Customer relationships |  | $ | 74 |  |  | $ | (44 | ) |  | $ | 30 |
Favorable leases |  |  | 30 |  |  |  | (7 | ) |  |  | 23 |
Trade names |  |  | 8 |  |  |  | (8 | ) |  |  | — |
Total |  | $ | 112 |  |  | $ | (59 | ) |  | $ | 53 |
Definite-lived intangible assets generally are amortized using the straight-line method. The pattern of benefit associated with one customer relationship asset recognized as part of the Merger warranted a three-year accelerated declining balance method. Favorable leases are amortized using the straight-line method over the lives of the individual leases, including option renewals anticipated in the original valuation. The remaining weighted average amortization periods for customer relationships and favorable leases are 5 years, and 16 years, respectively. Amortization of intangible assets was $10 million in 2016, $13 million in 2015 and $18 million in 2014. Intangible assets amortization expenses are included in the Consolidated Statements of Operations in Selling, general and administrative expenses. Amortization of favorable leases is included in rent expense. Refer to Note 9 for further detail. Estimated future amortization expense for the intangible assets is as follows:
(In millions) |  |  |
2017 |  | $ | 7 |
2018 |  |  | 5 |
2019 |  |  | 4 |
2020 |  |  | 4 |
2021 |  |  | 4 |
Thereafter |  |  | 9 |
Total |  | $ | 33 |

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- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16373-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267 + Details
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