XML 38 R12.htm IDEA: XBRL DOCUMENT v3.20.1
Goodwill and Intangible Assets, net
 3 Months Ended
Mar. 31, 2020
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, 2019
727

 
148

 
199

 
1,074

Exchange rate changes
(13
)
 
(1
)
 
(4
)
 
(18
)
As of March 31, 2020(1)
714

 
147

 
195

 
1,056

______________________________
(1) 
There were $0 million of accumulated impairment losses as of March 31, 2020.
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, 2019
42

 
667

 
44

 
56

 
809

Exchange rate changes
(1
)
 
(12
)
 
—

 
—

 
(13
)
As of March 31, 2020
41

 
655

 
44

 
56

 
796

Accumulated Amortization
 
 
 
 
 
 
 
 
 
As of December 31, 2019
(35
)
 
(504
)
 
(35
)
 
(38
)
 
(612
)
Amortization
—

 
(4
)
 
(1
)
 
—

 
(5
)
Exchange rate changes
1

 
9

 
—

 
—

 
10

As of March 31, 2020
(34
)
 
(499
)
 
(36
)
 
(38
)
 
(607
)
Net book value
7

 
156

 
8

 
18

 
189


Indefinite-lived intangible assets are as follows:
 
Trademarks
and Trade Names
 
(In $ millions)
As of December 31, 2019
115

Exchange rate changes
(2
)
As of March 31, 2020
113


During the three months ended March 31, 2020, the Company did not renew or extend any intangible assets.
Estimated amortization expense for the succeeding five fiscal years is as follows:
 
(In $ millions)
2021
20

2022
19

2023
17

2024
16

2025
16