Intangible Assets

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Intangible assets consisted of:

	As of December 31, 2022						As of December 31, 2021
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized Intangible Assets
License agreements (a)	$	290	$	217	$	73	$	298	$	193	$	105
Customer relationships (b)	247		207		40		257		204		53
Other (c)	48		39		9		51		36		15
	$	585	$	463	$	122	$	606	$	433	$	173
Unamortized Intangible Assets
Goodwill	$	1,070					$	1,108
Trademarks	$	544					$	551

_________

(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,
	2022		2021		2020
License agreements	$	29	$	47	$	37
Customer relationships	10		14		23
Other	5		6		5
Total	$	44	$	67	$	65

Based on our amortizable intangible assets at December 31, 2022, we expect related amortization expense of approximately $27 million for 2023, $22 million for 2024, $16 million for 2025, $15 million for 2026 and $12 million for 2027 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, 2021		$	2,140	$	1,115	$	3,255
	Accumulated impairment losses as of January 1, 2021	(1,587)		(531)		(2,118)
Goodwill as of January 1, 2021		553		584		1,137
	Currency translation adjustments and other	—		(29)		(29)
Goodwill as of December 31, 2021		553		555		1,108
	Currency translation adjustments and other	(3)		(35)		(38)
Goodwill as of December 31, 2022		$	550	$	520	$	1,070