Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

The following table presents the changes in the carrying amount of goodwill for the six months ended June 30, 2021:


	General rentals		Specialty		Total
Balance at January 1, 2021 (1)	$	4,368	$	800	$	5,168
Goodwill related to acquisitions (2)	118		552		670
Foreign currency translation and other adjustments	2		5		7
Balance at June 30, 2021 (1)	$	4,488	$	1,357	$	5,845

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(1)The total carrying amount of goodwill for all periods in the table above is reflected net of $1.557 billion of accumulated impairment charges, which were primarily recorded in our general rentals segment.

(2)For additional detail on the May 2021 acquisition of General Finance, which was assigned to our specialty segment and accounted for most of the goodwill related to acquisitions, see note 3 to our condensed consolidated financial statements.

Other intangible assets were comprised of the following at June 30, 2021 and December 31, 2020:


	June 30, 2021
	Weighted-Average Remaining Amortization Period	Gross Carrying Amount			Accumulated Amortization			Net Amount
Non-compete agreements	48 months		$	21		$	7		$	14
Customer relationships	5 years		$	2,284		$	1,725		$	559
Trade names and associated trademarks	4 years		$	8		$	5		$	3


	December 31, 2020
	Weighted-Average Remaining Amortization Period	Gross Carrying Amount			Accumulated Amortization			Net Amount
Non-compete agreements	35 months		$	12		$	6		$	6
Customer relationships	6 years		$	2,252		$	1,614		$	638
Trade names and associated trademarks	4 years		$	8		$	4		$	4

As discussed in note 3 to our condensed consolidated financial statements, on May 25, 2021, we completed the acquisition of General Finance. We have not yet obtained all the information required to finalize the valuations of the assets acquired and liabilities assumed, and to establish the value of the potential intangible assets, primarily because of the proximity of the acquisition date to the balance sheet date of June 30, 2021. As such, we have not yet recorded, as of June 30, 2021, any intangible assets associated with the acquisition.

Amortization expense for other intangible assets was $55 and $63 for the three months ended June 30, 2021 and 2020, respectively, and $111 and $131 for the six months ended June 30, 2021 and 2020, respectively.

As of June 30, 2021, estimated amortization expense for other intangible assets for each of the next five years and thereafter is as follows:


2021		$	102
2022	170
2023	125
2024	82
2025	55
Thereafter	42
Total		$	576