Impairment Losses	12 Months Ended
Dec. 31, 2019
Impairment Losses
Impairment Losses	18. IMPAIRMENT LOSSES Property, plant and equipment impairment For the year ended December 31, 2018, the Company recognized impairment losses of $271 million on its property, plant and equipment. In December 2018, WorldView-4 experienced a failure in its control moment gyros, preventing the satellite from collecting imagery. As a result, the Company recognized an impairment loss of $150 million for the remaining book value of the satellite in the Earth Intelligence segment. In 2018, due to degradation of the GeoComm business, the Company recognized impairment losses of $121 million related to obsolescence and reduced future use of equipment and buildings. The 2018 impairment loss in the Space Infrastructure segment was based on fair value less cost of disposal for those assets in an orderly liquidation. Fair value was based on observable inputs where possible (Level 2), in which market data could be applied. However, due to the specialized nature of the majority of these assets, inputs for the valuation were unobservable (Level 3). There were no impairment losses for the years ended December 31, 2019 and 2017. Goodwill impairment For the year ended December 31, 2018, the Company recorded a non-cash goodwill impairment loss of $142 million and $17 million related to its previously reported Imagery and SSL GeoComm reporting units, respectively. In conjunction with the Company’s revision of its reportable segments in the fourth quarter of 2019, these reporting units were revised and renamed to the Earth Intelligence and Space Infrastructure reporting units, respectively. Subsequent to October 1, 2018 and before the Company completed its annual goodwill impairment test, the Company experienced triggering events suggesting that the fair value of the Company had decreased substantially since October 1, 2018. These triggering events required an additional goodwill impairment test, which was completed as of December 31, 2018. The triggering events included a sustained decline in the Company’s stock price, further declines in the SSL GeoComm business, and the loss of the WorldView-4 satellite. There were no impairment losses for the years ended December 31, 2019 and 2017. Intangible asset impairment For the year ended December 31, 2018, the Company recognized impairment losses of $124 million. The Company identified triggering events for impairment during the second half of 2018 related to intangible assets of its GeoComm business, a reporting unit in the former Space Systems segment. Due to the decline in the GeoComm market, and the uncertainty surrounding the future of the Company’s GeoComm business, a $122 million impairment loss was recognized, primarily due to future cash flows associated with the intangible assets not being sufficient to cover the total book value of those assets. The Company also recognized an additional $2 million of impairment losses related to software intangible assets associated with the WorldView-4 satellite. There were no impairment losses for the years ended December 31, 2019 and 2017. Inventory impairment For the years ended December 31, 2019, 2018 and 2017, the Company recorded inventory impairment losses of $3 million, $66 million and $0 million, respectively, which is included in Product costs, excluding depreciation and amortization on the Consolidated Statement of Operations. In the third quarter of 2018, the Company re-evaluated the carrying value of its inventory that was previously pegged to forecasted usage. All GeoComm inventory subject to future use based on forecasts was assessed for possible obsolescence. The result of the reassessment of future usage of the on-hand inventory was inventory impairment of $66 million for the year ended December 31, 2018. Other impairment For the years ended December 31, 2019 and 2018, the Company recorded impairment losses of $14 million and $22 million, respectively, related to orbital receivables within the Space Infrastructure segment primarily due to a decrease in customer credit ratings. There were no impairment losses for the year ended December 31, 2017. For the year ended December 31, 2018, the Company recorded impairment losses of $10 million related to future premium payments and other assets related to the WorldView-4 satellite.

Impairment Losses

12 Months Ended

Dec. 31, 2019

18. IMPAIRMENT LOSSES

Property, plant and equipment impairment

For the year ended December 31, 2018, the Company recognized impairment losses of $271 million on its property, plant and equipment. In December 2018, WorldView-4 experienced a failure in its control moment gyros, preventing the satellite from collecting imagery. As a result, the Company recognized an impairment loss of $150 million for the remaining book value of the satellite in the Earth Intelligence segment. In 2018, due to degradation of the GeoComm business, the Company recognized impairment losses of $121 million related to obsolescence and reduced future use of equipment and buildings. The 2018 impairment loss in the Space Infrastructure segment was based on fair value less cost of disposal for those assets in an orderly liquidation. Fair value was based on observable inputs where possible (Level 2), in which market data could be applied. However, due to the specialized nature of the majority of these assets, inputs for the valuation were unobservable (Level 3).

There were no impairment losses for the years ended December 31, 2019 and 2017.

Goodwill impairment

For the year ended December 31, 2018, the Company recorded a non-cash goodwill impairment loss of $142 million and $17 million related to its previously reported Imagery and SSL GeoComm reporting units, respectively. In conjunction with the Company’s revision of its reportable segments in the fourth quarter of 2019, these reporting units were revised and renamed to the Earth Intelligence and Space Infrastructure reporting units, respectively. Subsequent to October 1, 2018 and before the Company completed its annual goodwill impairment test, the Company experienced triggering events suggesting that the fair value of the Company had decreased substantially since October 1, 2018. These triggering events required an additional goodwill impairment test, which was completed as of December 31, 2018. The triggering events included a sustained decline in the Company’s stock price, further declines in the SSL GeoComm business, and the loss of the WorldView-4 satellite.

There were no impairment losses for the years ended December 31, 2019 and 2017.

Intangible asset impairment

For the year ended December 31, 2018, the Company recognized impairment losses of $124 million. The Company identified triggering events for impairment during the second half of 2018 related to intangible assets of its GeoComm business, a reporting unit in the former Space Systems segment. Due to the decline in the GeoComm market, and the uncertainty surrounding the future of the Company’s GeoComm business, a $122 million impairment loss was recognized, primarily due to future cash flows associated with the intangible assets not being sufficient to cover the total book value of those assets. The Company also recognized an additional $2 million of impairment losses related to software intangible assets associated with the WorldView-4 satellite.

There were no impairment losses for the years ended December 31, 2019 and 2017.

Inventory impairment

For the years ended December 31, 2019, 2018 and 2017, the Company recorded inventory impairment losses of $3 million, $66 million and $0 million, respectively, which is included in Product costs, excluding depreciation and amortization on the Consolidated Statement of Operations.

In the third quarter of 2018, the Company re-evaluated the carrying value of its inventory that was previously pegged to forecasted usage. All GeoComm inventory subject to future use based on forecasts was assessed for possible obsolescence. The result of the reassessment of future usage of the on-hand inventory was inventory impairment of $66 million for the year ended December 31, 2018.

Other impairment

For the years ended December 31, 2019 and 2018, the Company recorded impairment losses of $14 million and $22 million, respectively, related to orbital receivables within the Space Infrastructure segment primarily due to a decrease in customer credit ratings. There were no impairment losses for the year ended December 31, 2017.

For the year ended December 31, 2018, the Company recorded impairment losses of $10 million related to future premium payments and other assets related to the WorldView-4 satellite.