XML 30 R18.htm IDEA: XBRL DOCUMENT
v3.23.1

Intangible Assets, Net | 3 Months Ended
--- | ---
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets, Net | Intangible Assets, Net Intangible assets, net of accumulated amortization, consisted of the following:
| March 31, 2023 |  | December 31, 2022
| Gross Cost |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Cost |  | Accumulated Amortization |  | Net Carrying Amount
Customer relationships | $ | 291 |  |  | $ | (236) |  |  | $ | 55 |  |  | $ | 291 |  |  | $ | (231) |  |  | $ | 60 |
TiO 2 technology | 93 |  |  | (39) |  |  | 54 |  |  | 93 |  |  | (37) |  |  | 56 |
Internal-use software and other | 186 |  |  | (46) |  |  | 140 |  |  | 179 |  |  | (45) |  |  | 134 |
Intangible assets, net | $ | 570 |  |  | $ | (321) |  |  | $ | 249 |  |  | $ | 563 |  |  | $ | (313) |  |  | $ | 250 |
As of March 31, 2023 and December 31, 2022, internal-use software included approximately $111 million and $106 million, respectively, of capitalized software costs which are not being amortized as the software is not ready for its intended use. The table below summarizes amortization expense related to intangible assets for the periods presented, recorded in the specific line items in our unaudited Condensed Consolidated Statements of Income:
| Three Months Ended March 31, |  |
| 2023 |  | 2022 |  |  |  |
Cost of goods sold | $ | 1 |  |  | $ | — |  |  |  |  |
Selling, general and administrative expenses | 7 |  |  | 8 |  |  |  |  |
Total | $ | 8 |  |  | $ | 8 |  |  |  |  |
Estimated future amortization expense related to intangible assets is $23 million for the remainder of 2023, $42 million for 2024, $41 million for 2025, $23 million for 2026, $21 million for 2027 and $99 million thereafter.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -URI https://asc.fasb.org/subtopic&trid=2144471 + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration