GOODWILL AND OTHER INTANGIBLES

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL

There were no impairment charges related to goodwill for the years ended December 31, 2021, 2020 and 2019.

The following table presents changes in the goodwill balance as allocated to each business segment:


In millions	Europe		Latin America		North America		Total
Balance as of December 31, 2019
Goodwill	$	29	$	155	$	—	$	184
Accumulated impairment losses	(5)		—		—		(5)
	24		155		—		179
Currency translation and other (a)	(2)		(34)		—		(36)
Goodwill additions/reductions	—		—		—		—
Accumulated impairment loss additions/reductions	—		—		—		—

Balance as of December 31, 2020
Goodwill	27		121		—		148
Accumulated impairment losses	(5)		—		—		(5)
	22		121		—		143

Currency translation and other (a)	(2)		(9)		—		(11)
Goodwill additions/reductions	—		—		—		—
Accumulated impairment loss additions/reductions	—		—		—		—

Balance as of December 31, 2021
Goodwill	25		112		—		137
Accumulated impairment losses	(5)		—		—		(5)
Total	$	20	$	112	$	—	$	132

(a)Represents the effects of foreign currency translations and reclassifications.

The Company performed its annual testing of its reporting units for possible goodwill impairments by applying the qualitative assessment to its Europe and Latin America reporting units as of October 1, 2021. For the current year evaluation, the Company assessed various assumptions, events and circumstances that would have affected the estimated fair value of the reporting units under the qualitative assessment for the reporting units listed above. The results of the qualitative assessments indicated that it is not more likely than not that the fair values of its Europe and Latin America reporting units were less than their carrying values.

In addition, the Company considered whether there were any events or circumstances outside of the annual evaluation that would reduce the fair value of its reporting units below their carrying amounts and necessitate a goodwill impairment evaluation. In consideration of all relevant factors, there were no indicators that would require goodwill impairment subsequent to October 1, 2021.

OTHER INTANGIBLES

Identifiable intangible assets comprised the following:


	2021						2020
In millions as of December 31,	Gross Carrying Amount		Accumulated Amortization		Net Intangible Assets		Gross Carrying Amount		Accumulated Amortization		Net Intangible Assets
Customer relationships and lists	$	56	$	(48)	$	8	$	60	$	(49)	$	11
Software	3		(2)		1		3		(2)		1
Other	4		(4)		—		4		(4)		—
Total	$	63	$	(54)	$	9	$	67	$	(55)	$	12

The Company recognized the following amounts as amortization expense related to intangible assets:


In millions	2021		2020		2019
Amortization expense related to intangible assets	$	2	$	2	$	3

Based on current intangibles subject to amortization, estimated amortization expense for each of the succeeding years is as follows: 2022 – $2 million, 2023 – $2 million, 2024 – $2 million, 2025 – $2 million, 2026 - $1 million and cumulatively thereafter – $0 million.