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Goodwill and Intangibles (Tables)
12 Months Ended
Dec. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill Balance and Related Activity

Our goodwill balance and related activity was:

 

 

 

Goodwill

 

 

Accumulated

Impairment

Losses

 

 

Balance

 

 

 

(in millions)

 

Balance as of December 31, 2018

 

$

2,709

 

 

$

(2,102

)

 

$

607

 

Impairment loss

 

 

 

 

 

 

 

 

 

Balance as of December 31, 2019

 

 

2,709

 

 

 

(2,102

)

 

 

607

 

Impairment loss

 

 

 

 

 

(607

)

 

 

(607

)

Balance as of December 31, 2020

 

$

2,709

 

 

$

(2,709

)

 

$

 

Schedule of Intangible Assets

Intangible assets were:

 

 

 

December 31,

 

 

 

2020

 

 

2019

 

 

 

(in millions)

 

Air rights contract(1)

 

 

45

 

 

 

45

 

Other

 

 

8

 

 

 

8

 

Accumulated amortization

 

 

(8

)

 

 

(7

)

 

 

$

45

 

 

$

46

 

 

(1)

In conjunction with the Merger, we acquired an air rights contract as part of the Hyatt Regency Boston, which expires in September 2079 and requires no payments through maturity.

Schedule of Estimated Future Amortization Expense for Intangible Assets

As of December 31, 2020, we estimated our future amortization expense for our intangible assets to be:

 

Year

 

(in millions)

 

2021

 

$

1

 

2022

 

 

1

 

2023

 

 

1

 

2024

 

 

1

 

2025

 

 

1

 

Thereafter

 

 

40

 

 

 

$

45