Intangible Assets, Net

9 Months Ended

Sep. 30, 2020

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Intangible assets, net, consist of the following (amounts in millions):


	At September 30, 2020
	Estimated useful lives			Gross carrying amount		Accumulated amortization		Net carrying amount
Acquired definite-lived intangible assets:
Internally-developed franchises	3	-	11 years	$	1,154	$	(1,139)	$	15
Developed software	2	-	5 years	601		(600)		1
Trade names	7 years			54		(36)		18
Other	1	-	10 years	19		(17)		2
Total definite-lived intangible assets				$	1,828	$	(1,792)	$	36

Acquired indefinite-lived intangible assets:
Activision trademark	Indefinite							386
Acquired trade names	Indefinite							47
Total indefinite-lived intangible assets								$	433
Total intangible assets, net								$	469


	At December 31, 2019
	Estimated useful lives			Gross carrying amount		Accumulated amortization		Net carrying amount
Acquired definite-lived intangible assets:
Internally-developed franchises	3	-	11 years	$	1,154	$	(1,105)	$	49
Developed software	2	-	5 years	601		(579)		22
Trade names	7	-	10 years	54		(30)		24
Other	1	-	15 years	19		(16)		3
Total definite-lived intangible assets				$	1,828	$	(1,730)	$	98

Acquired indefinite-lived intangible assets:
Activision trademark	Indefinite							386
Acquired trade names	Indefinite							47
Total indefinite-lived intangible assets								$	433
Total intangible assets, net								$	531

Amortization expense of our intangible assets was $16 million and $62 million for the three and nine months ended September 30, 2020, respectively. Amortization expense of our intangible assets was $50 million and $152 million for the three and nine months ended September 30, 2019, respectively.

At September 30, 2020, future amortization of definite-lived intangible assets is estimated as follows (amounts in millions):


For the years ending December 31,
2020 (remaining three months)	$	17
2021	10
2022	7
2023	1
2024	—
Thereafter	1
Total	$	36