Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Note 4 – Goodwill and Intangible Assets

Goodwill decreased $7 million within the automotive segment from $207 million as of December 31, 2020 to $200 million as of December 31, 2021. There were no accumulated impairment losses as of December 31, 2021 and 2020.

Information regarding our intangible assets including assets recognized from our acquisitions was as follows (in millions):

	December 31, 2021									December 31, 2020
	Gross Carrying Amount		Accumulated Amortization			Other		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Other		Net Carrying Amount
Finite-lived    intangible assets:
Developed technology	$	299	$	(150	)	$	3	$	152	$	302	$	(111	)	$	3	$	194
Trade names		2		(1	)		—		1		3		(1	)	—			2
Favorable contracts and    leases, net		113		(40	)		—		73		113		(32	)	—			81
Other		36		(21	)		1		16		38		(18	)		1		21
Total finite-lived    intangible assets		450		(212	)		4		242		456		(162	)		4		298
Indefinite-lived    intangible assets:
Gigafactory Nevada    water rights		15		—			—		15		15		—			—		15
Total intangible assets	$	465	$	(212	)	$	4	$	257	$	471	$	(162	)	$	4	$	313

Amortization expense during the years ended December 31, 2021, 2020 and 2019 was $51 million, $51 million and $44 million, respectively.

Total future amortization expense for finite-lived intangible assets was estimated as follows (in millions):

2022	$	49
2023		43
2024		28
2025		28
2026		28
Thereafter		66
Total	$	242