Goodwill, Customer Relationships and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill and other intangible assets

Goodwill, customer relationships and other intangible assets consisted of the following:

	As of December 31,
	2021		2020
	(Dollars in millions)
Goodwill	$	15,986	18,870
Indefinite-lived intangible assets	$	9	278
Other intangible assets subject to amortization:
Customer relationships, less accumulated amortization of $11,740 and $11,060	5,365		6,344
Capitalized software, less accumulated amortization of $3,624 and $3,279	1,459		1,520
Trade names, patents and other, less accumulated amortization of $160 and $120	137		77
Total other intangible assets, net	$	6,970	8,219

Schedule of goodwill attributable to segments

The following table shows the rollforward of goodwill assigned to our reportable segments (including the January 2021 reorganization discussed above) from December 31, 2019 through December 31, 2021.

	International and Global Accounts		Enterprise	Small and Medium Business	Wholesale	Consumer	Business	Mass Markets	Total
	(Dollars in millions)
As of December 31, 2019(1)	$	2,670	4,738	3,259	3,813	7,054	—	—	21,534
Effect of foreign currency exchange rate change and other	(15)		—	(7)	—	—	—	—	(22)
Impairment	(100)		—	(444)	(699)	(1,399)	—	—	(2,642)
As of December 31, 2020(1)	2,555		4,738	2,808	3,114	5,655	—	—	18,870
January 2021 reorganization	(2,555)		(4,738)	(2,808)	(3,114)	(5,655)	12,173	6,697	—
Reclassified as held for sale(2)	—		—	—	—	—	(913)	(1,946)	(2,859)
Effect of foreign currency exchange rate change and other	—		—	—	—	—	(25)	—	(25)
As of December 31, 2021(1)	$	—	—	—	—	—	11,235	4,751	15,986

______________________________________________________________________

(1)Goodwill at December 31, 2021, December 31, 2020 and December 31, 2019 is net of accumulated impairment losses of $7.7 billion, $12.9 billion and $10.3 billion, respectively. The change in accumulated impairment losses at December 31, 2021 is a result of amounts reclassified as held for sale related to our planned divestitures.

(2)Includes $2.9 billion of goodwill, net of accumulated impairment loss reclassified as held for sale related to our pending divestitures. See Note 2—Planned Divestiture of the Latin American and ILEC Businesses.

Schedule of estimated amortization expense for intangible assets

We estimate that total amortization expense for finite-lived intangible assets for the years ending December 31, 2022 through 2026 will be as provided in the table below. As a result of reclassifying our Latin American and ILEC businesses as being held for sale on our December 31, 2021 consolidated balance sheet, the amounts presented below do not include future amortization expense for intangible assets of the businesses to be divested. See Note 2—Planned Divestiture of the Latin American and ILEC Businesses for more information.

	(Dollars in millions)
2022	$	1,034
2023	940
2024	849
2025	798
2026	721