Goodwill and Intangible Assets, Net (Tables)

12 Months Ended

Dec. 31, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

The following table summarizes our goodwill activity by reportable segment for the periods presented:

	Hotel			Non-Hotel			Hotels, Media & Platform		Experiences & Dining			Other (7)			Total
	(in millions)						(in millions)
Balance as of December 31, 2018	$	451		$	305		$	—	$	—		$	—		$	756
Allocation to new segments (1)		(451	)		(305	)		405		250			101			—
Acquisitions (2)		—			—			—		85			—			85
Foreign currency translation adjustments		—			—			—		(2	)		1			(1	)
Balance as of December 31, 2019	$	—		$	—		$	405	$	333		$	102		$	840
Re-allocation of goodwill (3)								2		—			(2	)		—
Impairment (4)								—		—			(3	)		(3	)
Disposition (5)								—		—			(6	)		(6	)
Foreign currency translation adjustments								—		21			2			23
Other adjustments (6)								—		8			—			8
Balance as of December 31, 2020							$	407	$	362		$	93		$	862

(1)

Re-allocation of goodwill as a result of changes to our reporting segments during the first quarter of 2019.

(2)

These additions to goodwill relate to our business acquisitions. Refer to “Note 3: Acquisitions and Other Investments,” for further information.

(3)

Re-allocation of goodwill as a result of changes to reporting units related to internal restructuring during the second quarter of 2020.

(4)

Represents a goodwill impairment charge related to our Tripadvisor China reporting unit.

(5)

Disposition relates to the sale of our SmarterTravel business.

(6)

Other adjustments primarily relate to an immaterial business acquisition in our Experiences & Dining reportable segment.

(7)

Other consists of the combination of Rentals, Flights & Car, and Cruises, and does not constitute a reportable segment.

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

Intangibles

Intangible assets, which were acquired in business combinations and recorded at fair value on the date of purchase, consist of the following for the periods presented:

	December 31,
		2020			2019
	(in millions)
Intangible assets with definite lives	$	262		$	253
Less: accumulated amortization		(206	)		(173	)
Intangible assets with definite lives, net		56			80
Intangible assets with indefinite lives		30			30
Total	$	86		$	110

Components of Intangible Assets with Definite Lives

The following table presents the components of our intangible assets with definite lives for the periods presented:

			December 31, 2020							December 31, 2019
	Weighted Average		Gross					Net		Gross					Net
	Remaining Life		Carrying		Accumulated			Carrying		Carrying		Accumulated			Carrying
	(in years)		Amount		Amortization			Amount		Amount		Amortization			Amount
			(in millions)							(in millions)
Trade names and trademarks		3.6	$	59	$	(41	)	$	18	$	59	$	(35	)	$	24
Customer lists and supplier relationships		4.5		104		(83	)		21		98		(65	)		33
Subscriber relationships		2.7		42		(35	)		7		40		(29	)		11
Technology and other		4.2		57		(47	)		10		56		(44	)		12
Total		3.9	$	262	$	(206	)	$	56	$	253	$	(173	)	$	80

Summary of Estimated Future Amortization Expense Related to Intangible Assets with Definite Lives

Our definite-lived intangible assets are being amortized on a straight-line basis. The straight-line method of amortization is currently our best estimate, or approximates to date, the distribution of the economic use of these intangible assets.

The estimated amortization expense for intangible assets with definite lives for each of the next five years, and the expense thereafter, assuming no subsequent impairment of the underlying assets or change in estimate of remaining lives, is expected to be as follows (in millions):

2021	$	20
2022		13
2023		10
2024		6
2025		4
2026 and thereafter		3
Total	$	56