Intangible Assets

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Intangible Assets

Intangible assets consisted of:

	As of December 31, 2021						As of December 31, 2020
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized Intangible Assets
License agreements (a)	$	298	$	193	$	105	$	280	$	151	$	129
Customer relationships (b)	257		204		53		268		196		72
Other (c)	51		36		15		54		33		21
	$	606	$	433	$	173	$	602	$	380	$	222
Unamortized Intangible Assets
Goodwill	$	1,108					$	1,137
Trademarks	$	551					$	552

_________

(a)Primarily amortized over a period ranging from 0 to 40 years with a weighted average life of 16 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 2 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,
	2021		2020		2019
License agreements	$	47	$	37	$	28
Customer relationships	14		23		25
Other	6		5		6
Total	$	67	$	65	$	59

Based on our amortizable intangible assets at December 31, 2021, we expect related amortization expense of approximately $47 million for 2022, $28 million for 2023, $23 million for 2024, $16 million for 2025 and $15 million for 2026 excluding effects of currency exchange rates.

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

		Americas		International		Total Company
Goodwill as of January 1, 2020		$	2,141	$	1,078	$	3,219
	Accumulated impairment losses as of January 1, 2020	(1,587)		(531)		(2,118)
Goodwill as of January 1, 2020		554		547		1,101
	Currency translation adjustments and other	(1)		37		36
Goodwill as of December 31, 2020		553		584		1,137
	Currency translation adjustments and other	—		(29)		(29)
Goodwill as of December 31, 2021		$	553	$	555	$	1,108