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Other Intangible Assets, Net
12 Months Ended
Dec. 31, 2022
Goodwill And Intangible Assets Disclosure [Abstract]  
Other Intangible Assets, Net

 

9.

OTHER INTANGIBLE ASSETS, NET

Other intangible assets, net consisted of the following:

 

December 31, 2022

 

Gross

Amount

 

 

Accumulated

Amortization

 

 

Net

Amount

 

Technologies & licenses

 

 

1,064

 

 

 

(795

)

 

 

269

 

Purchased & internally developed software

 

 

609

 

 

 

(514

)

 

 

95

 

Technologies in progress

 

 

41

 

 

 

 

 

 

41

 

Total

 

 

1,714

 

 

 

(1,309

)

 

 

405

 

 

December 31, 2021

 

Gross

Amount

 

 

Accumulated

Amortization

 

 

Net

Amount

 

Technologies & licenses

 

 

1,050

 

 

 

(746

)

 

 

304

 

Purchased & internally developed software

 

 

567

 

 

 

(485

)

 

 

82

 

Technologies in progress

 

 

52

 

 

 

 

 

 

52

 

Total

 

 

1,669

 

 

 

(1,231

)

 

 

438

 

 

The line “Technologies in progress” in the table above also includes internally developed software under construction and software not ready for their intended use.

 

Amortization expense related to intangible assets subject to amortization was $103 million, $93 million and $79 million for the years ended December 31, 2022, 2021 and 2020, respectively.

Estimated future amortization expense related to intangible assets as of December 31, 2022 is as follows:

 

Year

 

 

 

 

2023

 

 

112

 

2024

 

 

98

 

2025

 

 

72

 

2026

 

 

42

 

2027

 

 

20

 

Thereafter

 

 

61

 

Total

 

 

405

 

 

In 2022, the Company recorded a $38 million impairment loss reported in the line “Research and development” of the consolidated statements of income. The impairment loss was related to certain technologies acquired as part of one of the Company’s recent business combinations.

In 2021 and 2020, the Company impaired $1 million and $4 million, respectively, of acquired licenses and technologies with no alternative future use.