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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill

The changes in the carrying amount of goodwill and accumulated impairment losses were as follows:

 

 

2022

 

 

2021

 

 

 

Gross
   Carrying
   Amount

 

 

Accumulated
   Impairment
   Loss

 

 

Net

 

 

Gross
   Carrying
   Amount

 

 

Accumulated
   Impairment
   Loss

 

 

Net

 

Beginning balance at January 1

 

$

1,374

 

 

$

(146

)

 

$

1,228

 

 

$

1,212

 

 

$

(146

)

 

$

1,066

 

Acquired goodwill (1)

 

 

3,064

 

 

 

 

 

 

3,064

 

 

 

168

 

 

 

 

 

 

168

 

Foreign currency translation

 

 

16

 

 

 

 

 

 

16

 

 

 

(6

)

 

 

 

 

 

(6

)

Ending balance at December 31

 

$

4,454

 

 

$

(146

)

 

$

4,308

 

 

$

1,374

 

 

$

(146

)

 

$

1,228

 

 

(1)
During the year ended December 31, 2022, the Company recorded goodwill related to the Atotech Acquisition. During the year ended December 31, 2021, the Company recorded goodwill related to the Photon Control Acquisition. See Note 4 to the Notes to Consolidated Financial Statements.
Components of Intangible Assets

Intangible Assets

Components of the Company's intangible assets are comprised of the following:

As of December 31, 2022

 

Gross

 

 

Accumulated Impairment
Charges

 

 

Accumulated
   Amortization

 

 

Foreign
   Currency
   Translation

 

 

Net

 

Completed technology(1)

 

$

1,151

 

 

$

 

 

$

(303

)

 

$

4

 

 

$

852

 

Customer relationships(1)

 

 

2,072

 

 

 

(1

)

 

 

(190

)

 

 

11

 

 

 

1,892

 

Patents, trademarks, trade names and other(1)

 

 

498

 

 

 

 

 

 

(71

)

 

 

2

 

 

 

429

 

 

 

$

3,721

 

 

$

(1

)

 

$

(564

)

 

$

17

 

 

$

3,173

 

 

(1)
During the year ended December 31, 2022, the Company recorded $2,726 of separately identified intangible assets related to the Atotech Acquisition, including $595 in completed technology, $1,756 in customer relationships and $375 in patents, trademarks, trade names and other.

As of December 31, 2021

 

Gross

 

 

Accumulated Impairment
Charges

 

 

Accumulated
Amortization

 

 

Foreign
Currency
Translation

 

 

Net

 

Completed technology(1)

 

$

556

 

 

$

 

 

$

(242

)

 

$

 

 

$

314

 

Customer relationships(1)

 

 

318

 

 

 

(1

)

 

 

(124

)

 

 

(1

)

 

 

192

 

Patents, trademarks, trade names and other(1)

 

 

123

 

 

 

 

 

 

(52

)

 

 

(1

)

 

 

70

 

 

 

$

997

 

 

$

(1

)

 

$

(418

)

 

$

(2

)

 

$

576

 

 

(1)
During the year ended December 31, 2021, the Company recorded $121 of separately identified intangible assets related to the Photon Control Acquisition, representing $110 in completed technology, $9 in customer relationships and $2 in patents, trademarks, trade names and other.
Estimated Net Amortization Expense Aggregate net amortization expense related to acquired intangible assets for future years is:

Year

 

Amount

 

2023

 

$

286

 

2024

 

 

257

 

2025

 

 

256

 

2026

 

 

252

 

2027

 

 

251

 

Thereafter

 

 

1,625