Goodwill, Customer Relationships and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill, customer relationships and other intangible assets

Goodwill, customer relationships and other intangible assets consisted of the following:

	As of December 31,
	2021		2020
	(Dollars in millions)
Goodwill	$	6,666	7,405
Customer relationships, less accumulated amortization of $2,779 and $2,246	$	5,325	6,156
Capitalized software, less accumulated amortization of $349 and $256	378		401
Trade names, less accumulated amortization of $109 and $83	22		48
Total other intangible assets, net	$	5,725	6,605

Schedule of goodwill

The following table shows the rollforward of goodwill from December 31, 2019 through December 31, 2021:

	(Dollars in millions)
As of December 31, 2019 (1)	$	7,415
Effect of foreign currency exchange rate changes and other	(10)
As of December 31, 2020 (1)	7,405
Reclassified as held for sale (2)	(713)
Effect of foreign currency exchange rate changes and other	(26)
As of December 31, 2021 (1)	$	6,666

_______________________________________________________________________________

(1)Goodwill at December 31, 2021, December 31, 2020, December 31, 2019 is net of accumulated impairment loss of $3.6 billion, $3.7 billion and $3.7 billion, respectively. The change in accumulated impairment losses at December 31, 2021 is a result of amounts reclassified to held for sale related to our planned divestiture.

(2)Represents the amount of goodwill, net of accumulated impairment loss reclassified as held for sale related to our planned divestiture. See Note 2—Planned Divestiture of the Latin American Business.

Schedule of estimated amortization expense of intangible asset

We estimate that total amortization expense for intangible assets for the years ending 2022 through 2026 will be as provided in the table below. As a result of reclassifying our Latin American business as being held for sale on our December 31, 2021 consolidated balance sheet, the amounts presented below do not include the future amortization of the intangible assets for the business to be divested. See Note 2—Planned Divestiture of the Latin American Business for more information.

	(Dollars in millions)
2022	$	738
2023	710
2024	706
2025	682
2026	638