Goodwill and Other Intangible Assets (Notes)

6 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

GOODWILL AND OTHER INTANGIBLESGoodwill and indefinite-lived intangible assets are not amortized and are subject to assessment for impairment by applying a fair value-based test on an annual basis, or more frequently if circumstances indicate a potential impairment. The Company’s annual assessment date is October 1. During the three months ended June 30, 2023, we recorded impairment charges of $9 million related to developed technology and trademarks related to Entekra, which is discussed further in “Note 8 - Business Exit Charges.”

Changes in goodwill and other intangible assets for the six months ended June 30, 2023, are provided in the following table (dollar amounts in millions):

	Timber Licenses1		Goodwill		Developed Technology		Trademarks
Beginning balance December 31, 2022	$	40	$	19	$	15	$	2
Impairment charges	—		—		(7)		(2)
Amortization	(8)		—		(1)		—
Ending balance June 30, 2023	$	32	$	19	$	8	$	—

1Timber licenses are included in Timber and timberlands on the Condensed Consolidated Balance Sheets.