Goodwill And Intangible Assets

12 Months Ended

Dec. 31, 2019

Goodwill And Intangible Assets [Abstract]

Goodwill And Intangible Assets

Note 5. Goodwill and Intangible Assets

The table below summarizes the goodwill balances by reportable segment and Corporate and other operations:

					Corporate and
			ServiceMaster		Other
(In millions)	Terminix		Brands		Operations(1)		Total
Balance as of December 31, 2017	$	1,605	$	176	$	—	$	1,780
Acquisitions		179		—		—		179
Impact of foreign exchange rates		(2)		—		—		(2)
Balance as of December 31, 2018	$	1,781	$	175	$	—	$	1,956
Acquisitions		164		8		144		315
Impact of foreign exchange rates		1		—		6		7
Balance as of December 31, 2019	$	1,946	$	183	$	150	$	2,279

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(1)Corporate and Other Operations includes goodwill related to pest control acquisitions in Europe completed during the year ended December 31, 2019. See Note 7 for further discussions of these acquisition and purchase price allocations.

The table below summarizes the other intangible asset balances for continuing operations:

	As of December 31, 2019						As of December 31, 2018
			Accumulated						Accumulated
(In millions)	Gross		Amortization		Net		Gross		Amortization		Net
Trade names(1)	$	1,481	$	—	$	1,481	$	1,482	$	—	$	1,482
Customer relationships		662		(425)		237		469		(406)		64
Franchise agreements		88		(75)		13		88		(73)		15
Other		101		(41)		60		62		(35)		27
Total	$	2,333	$	(542)	$	1,791	$	2,101	$	(513)	$	1,588

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(1)Not subject to amortization.

Amortization expense of $29 million, $18 million and $18 million was recorded in the years ended December 31, 2019, 2018 and 2017, respectively. For the existing intangible assets, we anticipate amortization expense of $34 million, $34 million, $31 million, $28 million and $20 million in 2020, 2021, 2022, 2023 and 2024, respectively. These amounts exclude the intangible assets acquired

in connection with the Nomor acquisition on September 6, 2019, as intangible asset values and the related useful lives have not yet been finalized. See Note 7 for further discussion of the preliminary purchase price allocation.