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Intangible Assets
12 Months Ended
Dec. 31, 2011
Intangible Assets [Abstract]  
Intangible Assets

9.     Intangible Assets

The changes in the carrying amount of goodwill and intangible assets for the Company between January 1, 2011 and December 31, 2011 are as follows:

 

                                 
(in $ millions)   January 1,
2011
    Additions     Impairment
Charge
    December 31,
2011
 
                                 

Non-Amortizable Assets:

                               

Goodwill

    986       —       —       986  

Trademarks and tradenames

    314       —       —       314  

Amortizable Intangible Assets:

                               

Customer relationships

    1,125       —       (1 )      1,124  

Vendor relationships and other

    5       —       —       5  
   

 

 

   

 

 

   

 

 

   

 

 

 
      1,130       —       (1 )      1,129  

Accumulated amortization

    (360 )      (88 )      —       (448 ) 
   

 

 

   

 

 

   

 

 

   

 

 

 

Amortizable intangible assets, net

    770       (88 )      (1 )      681  
   

 

 

   

 

 

   

 

 

   

 

 

 

The changes in the carrying amount of goodwill and intangible assets for the Company between January 1, 2010 and December 31, 2010 are as follows:

 

                                 
(in $ millions)   January 1,
2010
    Additions     Foreign
Exchange
    December 31,
2010
 
                                 

Non-Amortizable Assets:

                               

Goodwill

    979       6       1       986  

Trademarks and tradenames

    313       —       1       314  

Amortizable Intangible Assets:

                               

Customer relationships

    1,121       4       —       1,125  

Vendor relationships and other

    5       —       —       5  
   

 

 

   

 

 

   

 

 

   

 

 

 
      1,126       4       —       1,130  

Accumulated amortization

    (271 )      (89 )      —       (360 ) 
   

 

 

   

 

 

   

 

 

   

 

 

 

Amortizable intangible assets, net

    855       (85 )      —       770  
   

 

 

   

 

 

   

 

 

   

 

 

 

In 2010, the Company made an acquisition for cash consideration of $11 million, resulting in goodwill of $6 million. Additionally, the Company purchased customer lists and distribution rights for a total consideration of $4 million.

 

Amortization expense for customer relationships was $88 million, $89 million and $91 million for the years ended December 31, 2011 , 2010 and 2009, respectively. Amortization expense for vendor relationships and other was less than $1 million for each of the years ended December 31, 2011 , 2010 and 2009. Amortization expense is included as a component of depreciation and amortization on the Company’s consolidated statements of operations.

Accumulated amortization of customer relationships was $447 million, $360 million and $271 million as of December 31, 2011, 2010 and 2009, respectively. Accumulated amortization of vendor relationships was $1 million as of December 31, 2011 and less than $1 million as of each of December 31 , 2010 and 2009.

The Company expects amortization expense relating to intangible assets to be approximately $81 million, $79 million, $76 million, $68 million and $49 million for each of the five succeeding fiscal years, respectively.