v3.22.4
Goodwill and Other Intangible Assets
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
The following table details the changes in the carrying value of Goodwill:
Rolled
Products
Building and
Construction
Systems
ExtrusionsTotal
Balances at December 31, 2020:
Goodwill$254 $99 $65 $418 
Accumulated impairment losses— (28)— (28)
Goodwill, net254 71 65 390 
Impairment (B)
— — (65)(65)
Translation(1)(2)— (3)
Balances at December 31, 2021:
Goodwill253 97 65 415 
Accumulated impairment losses— (28)(65)(93)
Goodwill, net253 69 — 322 
Divestitures (S)
(14)— — (14)
Translation(15)(1)— (16)
Balances at December 31, 2022:
Goodwill224 96 65 385 
Accumulated impairment losses— (28)(65)(93)
Goodwill, net$224 $68 $— $292 
In 2021, Arconic recognized an impairment charge of $65 for the Extrusions reporting unit based on the result of the annual review of goodwill for impairment (see Goodwill in Note B).
Other intangible assets, which are included in Other noncurrent assets on the accompanying Consolidated Balance Sheet, were as follows:
December 31, 2022Gross
carrying
amount
Accumulated
amortization
Net carrying
amount
Computer software*$545 $(521)$24 
Patents and licenses27 (27)— 
Other21 (18)
Total other intangible assets$593 $(566)$27 
December 31, 2021Gross
carrying
amount
Accumulated
amortization
Net carrying
amount
Computer software$555 $(523)$32 
Patents and licenses27 (27)— 
Other21 (15)
Total other intangible assets$603 $(565)$38 
_____________________
*In 2022, Arconic recognized an impairment charge of $2 for the Extrusions segment as the result of a business review (See 2022 Actions in Note E).
Computer software consists primarily of software costs associated with an enterprise business solution within Arconic to drive common systems among all businesses.
Amortization expense related to the intangible assets in the tables above for the years ended December 31, 2022, 2021, and 2020 was $13, $17, and $17, respectively. During the next five years, amortization expense related to these intangible assets is expected to decrease from $9 in 2023 to $2 in 2027.