Goodwill and Intangible Assets, net

3 Months Ended

Mar. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure

Goodwill and Intangible Assets, Net

Goodwill

	Engineered Materials		Acetate Tow	Acetyl Chain		Total
	(In $ millions)
As of December 31, 2018	707		148	202		1,057
Acquisitions	29		—	—		29
Exchange rate changes	(8	)	—	(3	)	(11	)
As of March 31, 2019(1)	728		148	199		1,075

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⁽¹⁾  There were $0 million of accumulated impairment losses as of March 31, 2019.

Intangible Assets, Net

Finite-lived intangible assets are as follows:

	Licenses		Customer- Related Intangible Assets		Developed Technology		Covenants Not to Compete and Other		Total
	(In $ millions)
Gross Asset Value
As of December 31, 2018	42		651		44		56		793
Acquisitions	—		25		—		—		25		(1)
Exchange rate changes	1		(7	)	—		—		(6	)
As of March 31, 2019	43		669		44		56		812
Accumulated Amortization
As of December 31, 2018	(33	)	(495	)	(32	)	(35	)	(595	)
Amortization	—		(4	)	(1	)	(1	)	(6	)
Exchange rate changes	(1	)	7		—		—		6
As of March 31, 2019	(34	)	(492	)	(33	)	(36	)	(595	)
Net book value	9		177		11		20		217

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⁽¹⁾  Represents intangible assets acquired related to Next Polymers Ltd. with a weighted average amortization period of 13 years.

Indefinite-lived intangible assets are as follows:

	Trademarks and Trade Names
	(In $ millions)
As of December 31, 2018	112
Acquisitions	4
Accumulated impairment losses	—
Exchange rate changes	(1	)
As of March 31, 2019	115

For the three months endedMarch 31, 2019, the Company did not renew or extend any intangible assets.

Estimated amortization expense for the succeeding five fiscal years is as follows:

	(In $ millions)
2020	22
2021	21
2022	19
2023	17
2024	16