XML 47 R33.htm IDEA: XBRL DOCUMENT v3.20.2
Goodwill and Intangible Assets, net (Tables)
 6 Months Ended
Jun. 30, 2020
Indefinite-lived Intangible Assets [Line Items]  
Schedule of Goodwill [Table Text Block]
 
Engineered
Materials
 
Acetate Tow
 
Acetyl Chain
 
Total
 
(In $ millions)
As of December 31, 2019
727

 
148

 
199

 
1,074

Acquisitions
—

 
—

 
28

(1) 
28

Exchange rate changes
(3
)
 
(1
)
 
—

 
(4
)
As of June 30, 2020(2)
724

 
147

 
227

 
1,098

______________________________
(1) 
Represents goodwill related to the acquisition of Nouryon's redispersible polymer powders business offered under the Elotex® brand ("Elotex").
(2) 
There were $0 million of accumulated impairment losses as of June 30, 2020.
Schedule of Finite-Lived Intangible Assets [Table Text Block]
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

Acquisitions
—

 
16

(1) 
—

 
—

 
16

Exchange rate changes
(1
)
 
(3
)
 
—

 
—

 
(4
)
As of June 30, 2020
41

 
680

 
44

 
56

 
821

Accumulated Amortization
 
 
 
 
 
 
 
 
 
As of December 31, 2019
(35
)
 
(504
)
 
(35
)
 
(38
)
 
(612
)
Amortization
(1
)
 
(8
)
 
(2
)
 
—

 
(11
)
Exchange rate changes
1

 
1

 
—

 
—

 
2

As of June 30, 2020
(35
)
 
(511
)
 
(37
)
 
(38
)
 
(621
)
Net book value
6

 
169

 
7

 
18

 
200

______________________________
(1) 
Related to acquired Elotex finite-lived intangible assets, with a weighted average amortization period of 14 years.
Schedule of Indefinite-Lived Intangible Assets [Table Text Block]
Indefinite-lived intangible assets are as follows:
 
Trademarks
and Trade Names
 
 
(In $ millions)
 
As of December 31, 2019
115

 
Acquisitions
2

(1) 
As of June 30, 2020
117

 
______________________________
(1) 
Related to acquired Elotex indefinite-lived intangible assets.
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]
Estimated amortization expense for the succeeding five fiscal years is as follows:
 
(In $ millions)
2021
22

2022
21

2023
18

2024
17

2025
17