Goodwill, Customer Relationships and Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Goodwill

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

	June 30, 2022		December 31, 2021
	(Dollars in millions)
Goodwill	$	15,947	15,986
Indefinite-lived intangible assets	$	9	9
Other intangible assets subject to amortization:
Customer relationships, less accumulated amortization of $3,422 and $11,740(1)	5,002		5,365
Capitalized software, less accumulated amortization of $3,741 and $3,624	1,500		1,459
Trade names, patents and other, less accumulated amortization of $172 and $160	117		137
Total other intangible assets, net	$	6,628	6,970

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(1)    Certain customer relationships with a gross carrying value of $8.7 billion became fully amortized during 2021 and were retired during the first quarter of 2022.

Schedule of Goodwill

The following table shows the rollforward of goodwill assigned to our reportable segments from December 31, 2021 through June 30, 2022:

	Business		Mass Markets	Total
	(Dollars in millions)
As of December 31, 2021(1)(2)	$	11,235	4,751	15,986
Effect of foreign currency exchange rate change and other	(39)		—	(39)
As of June 30, 2022(1)(2)	$	11,196	4,751	15,947

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(1)Goodwill at June 30, 2022 and December 31, 2021 is net of accumulated impairment losses of $7.7 billion.

(2)As of June 30, 2022 and December 31, 2021, these amounts exclude goodwill classified as held for sale of $2.9 billion, primarily related to the recently completed divestiture of the Latin American business and planned divestiture of the ILEC business. See Note 2 for additional information.

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

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 June 30, 2022 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—Recently Completed Divestiture of the Latin American Business and Planned Divestiture of ILEC Business for more information.

	(Dollars in millions)
2022 (remaining six months)	$	523
2023	970
2024	898
2025	832
2026	755