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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.