Goodwill and Intangible Assets, net

6 Months Ended

Jun. 30, 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		(1)	—	—		29
Exchange rate changes	(2	)		—	(1	)	(3	)
As of June 30, 2019(2)	734			148	201		1,083

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⁽¹⁾  Represents goodwill related to the acquisition of Next Polymers Ltd.

⁽²⁾  There were $0 million of accumulated impairment losses as of June 30, 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	—		(2	)	—		—		(2	)
As of June 30, 2019	42		674		44		56		816
Accumulated Amortization
As of December 31, 2018	(33	)	(495	)	(32	)	(35	)	(595	)
Amortization	(1	)	(8	)	(2	)	(1	)	(12	)
Exchange rate changes	—		2		—		—		2
As of June 30, 2019	(34	)	(501	)	(34	)	(36	)	(605	)
Net book value	8		173		10		20		211

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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	—
As of June 30, 2019	116

For the six months ended June 30, 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	15