Intangible Assets

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible assets consisted of:


	As of December 31, 2020						As of December 31, 2019
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized Intangible Assets
License agreements (a)	$	280	$	151	$	129	$	241	$	108	$	133
Customer relationships (b)	268		196		72		255		165		90
Other (c)	54		33		21		50		25		25
	$	602	$	380	$	222	$	546	$	298	$	248

Unamortized Intangible Assets
Goodwill	$	1,137					$	1,101
Trademarks	$	552					$	550

_________

(a)Primarily amortized over a period ranging from 1 to 40 years with a weighted average life of 18 years.

(b)Primarily amortized over a period ranging from 3 to 20 years with a weighted average life of 12 years.

(c)Primarily amortized over a period ranging from 0 to 10 years with a weighted average life of 9 years.

Amortization expense relating to all intangible assets was as follows:


	Year Ended December 31,
	2020		2019		2018
License agreements	$	37	$	28	$	36
Customer relationships	23		25		24
Other	5		6		5
Total	$	65	$	59	$	65

Based on the Company’s amortizable intangible assets at December 31, 2020, the Company expects related amortization expense of approximately $59 million for 2021, $35 million for 2022, $26 million for 2023, $23 million for 2024 and $18 million for 2025 excluding effects of currency exchange rates.

The carrying amounts of goodwill and related changes are as follows:


		Americas		International		Total Company

Gross goodwill as of January 1, 2019		$	2,126	$	1,084	$	3,210
	Accumulated impairment losses as of January 1, 2019	(1,587)		(531)		(2,118)
Goodwill as of January 1, 2019		539		553		1,092
	Acquisitions	21		—		21
	Currency translation adjustments and other	(6)		(6)		(12)
Goodwill as of December 31, 2019		554		547		1,101
	Currency translation adjustments and other	(1)		37		36
Goodwill as of December 31, 2020		$	553	$	584	$	1,137