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Intangible Assets, net and Goodwill
6 Months Ended
Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, net and Goodwill Intangible Assets, net and Goodwill
Intangible assets, net and goodwill consist of the following (in millions):

As of
June 30, 2020December 31, 2019
GrossAccumulated AmortizationNetGrossAccumulated AmortizationNet
Identifiable assets subject to amortization:
   Franchise agreements$717  $(240) $477  $720  $(225) $495  
   Favorable leases118  (64) 54  127  (65) 62  
      Subtotal835  (304) 531  847  (290) 557  
Indefinite-lived intangible assets:
   Tim Hortons brand
$6,284  $—  $6,284  $6,534  $—  $6,534  
   Burger King brand
2,118  —  2,118  2,117  —  2,117  
   Popeyes brand
1,355  —  1,355  1,355  —  1,355  
      Subtotal9,757  —  9,757  10,006  —  10,006  
Intangible assets, net$10,288  $10,563  
Goodwill
   Tim Hortons segment$4,054  $4,207  
   Burger King segment598  598  
   Popeyes segment846  846  
      Total$5,498  $5,651  
Amortization expense on intangible assets totaled $11 million and $10 million for the three months ended June 30, 2020 and 2019, respectively, and $22 million and $21 million for the six months ended June 30, 2020 and 2019, respectively. The change in the brands and goodwill balances during the six months ended June 30, 2020 was due to the impact of foreign currency translation.