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Goodwill
12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill
7.

GOODWILL

Goodwill allocated to reportable segments as of December 31, 2018 and 2017 and changes in the carrying amount of goodwill during the years ended December 31, 2018 and 2017 are as follows:

 

     Automotive
and Discrete
Group
(ADG)
     Microcontrollers
and Digital ICs
Group (MDG)
    Analog,
MEMS &
Sensors Group
(AMS)
     Others      Total  

December 31, 2016

     —          114       2        —          116  

Foreign currency translation

     —          7       —          —          7  
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

December 31, 2017

     —          121       2        —          123  
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Foreign currency translation

     —          (2     —          —          (2
  

 

 

    

 

 

   

 

 

       

 

 

 

December 31, 2018

     —          119       2        —          121  
  

 

 

    

 

 

   

 

 

       

 

 

 

The segment reallocation as described in Note 17 did not impact goodwill.

During the third quarter of 2018, the Company performed its annual impairment campaign. The Company did not elect to perform a qualitative assessment. The impairment test was conducted following a two-step process. In the first step, the Company compared the fair value of the reporting units tested to their carrying value. Based upon the first step of the goodwill impairment test, no impairment was recorded since the fair value of the reporting units exceeded its carrying value.

Goodwill as at December 31, 2018 and 2017 is net of accumulated impairment losses of $102 million, of which $96 million relates to the MDG segment and $6 million to Others. In 2018, 2017 and 2016, no impairment loss was recorded by the Company on any of its reporting units’ goodwill.