Goodwill and Intangible Assets, Net

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

NOTE 6 — Goodwill and Intangible Assets, Net

The following table presents our goodwill and intangible assets as of December 31, 2021 and 2020:


	December 31,
	2021		2020
	(In millions)
Goodwill	$	7,171	$	7,380
Intangible assets with indefinite lives	1,166		1,183
Intangible assets with definite lives, net	227		332
	$	8,564	$	8,895

Impairment Assessments. We perform our annual assessment of possible impairment of goodwill and indefinite-lived intangible assets as of October 1, or more frequently if events and circumstances indicate that an impairment may have occurred.

During 2021, we recognized a goodwill impairment charge of $14 million. During 2020, due to the severe and persistent negative effect COVID-19 had on global economies, the travel industry and our business, as well as the uncertainty and high variability in anticipated versus actual rates of recovery, in addition to our annual assessment, we deemed it necessary to

perform various interim assessments of goodwill and intangible assets. As a result of these assessments, we recognized goodwill impairment charges of $799 million, of which $559 million related to our Retail segment, primarily our Vrbo reporting unit, and $240 million related to our trivago segment. We also incurred impairment charges of $175 million related to intangible assets with both indefinite-lives and definite lives, primarily within our Retail segment.

During 2019, we had no impairments of goodwill or intangible assets with indefinite-lives.

Goodwill. The following table presents the changes in goodwill by reportable segment:


	Retail		B2B		trivago		Total
	(In millions)
Balance as of January 1, 2020	$	7,049	$	529	$	549	$	8,127

Impairment charges	(559)		—		(240)		(799)
Foreign exchange translation and other	15		9		28		52
Balance as of December 31, 2020	6,505		538		337		7,380
Impairment charges	—		(14)		—		(14)
Additions	—		—		5		5
Deductions	(34)		(167)		—		(201)
Foreign exchange translation and other	(9)		37		(27)		1
Balance as of December 31, 2021	$	6,462	$	394	$	315	$	7,171

As of December 31, 2021, accumulated goodwill impairment losses in total were $3.3 billion, of which $3.0 billion was associated with our Retail segment, $240 million was associated with our trivago segment and $14 million associated with our B2B segment. As of December 31, 2020, accumulated goodwill impairment losses in total were $3.4 billion, of which $3.1 billion was associated with our Retail segment and $240 million was associated with our trivago segment.

Indefinite-lived Intangible Assets. Our indefinite-lived intangible assets relate principally to trade names and trademarks acquired in various acquisitions.

Intangible Assets with Definite Lives. The following table presents the components of our intangible assets with definite lives as of December 31, 2021 and 2020:


	December 31, 2021						December 31, 2020
	Cost		Accumulated Amortization		Net		Cost		Accumulated Amortization		Net
	(In millions)
Customer relationships	$	565	$	(502)	$	63	$	638	$	(540)	$	98
Supplier relationships	626		(564)		62		661		(556)		105
Domain names	164		(133)		31		173		(133)		40
Other	1,016		(945)		71		1,075		(986)		89
Total	$	2,371	$	(2,144)	$	227	$	2,547	$	(2,215)	$	332

Amortization expense was $99 million, $154 million and $198 million for the years ended December 31, 2021, 2020 and 2019. The estimated future amortization expense related to intangible assets with definite lives as of December 31, 2021, assuming no subsequent impairment of the underlying assets, is as follows, in millions:


2022	$	85
2023	53
2024	49
2025	33
2026	7
2027 and thereafter	—
Total	$	227