The following summarizes our finite-lived intangible assets, net:


(in millions)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value
December 31, 2024

Trademarks(1)	$	183	$	(46)	$	137
Customer relationships(1)	34		(6)		28


Developed technology and other(1)	109		(21)		88


Total	$	326	$	(73)	$	253


(in millions)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value
December 31, 2023

Trademarks	$	8	$	(4)	$	4
Developed technology and other	22		(5)		17
Total	$	30	$	(9)	$	21

(1)Includes intangible assets acquired in the Farfetch Acquisition. See Note 16 — "Business Combinations - Farfetch".

For 2024, 2023, and 2022, amortization expense of intangible assets was $64 million, $4 million, and $2 million, respectively. Indefinite-lived intangible assets as of December 31, 2024 and 2023 were $18 million and $16 million, respectively.

As of December 31, 2024, future amortization expense is expected to be as follows:


(in millions)	Amortization Expense
2025	$	55
2026	55
2027	29
2028	26
2029	19
Thereafter	69
Total	$	253