Goodwill and Intangible Assets, Net

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets, Net

Goodwill and Intangible Assets, Net

8.  Goodwill and Intangible Assets, Net

Goodwill consists of the following:

	September 30, 2022						December 31, 2021
	Gross				Net		Gross				Net
	Carrying		Accumulated		Carrying		Carrying		Accumulated		Carrying
	Amount		Impairment		Value		Amount		Impairment		Value
	(in millions)
Automotive	$	337	$	(87)	$	250	$	337	$	(87)	$	250
Food Packaging		6		—		6		6		—		6
Home Fashion		20		(3)		17		24		(3)		21
Pharma		13		—		13		13		—		13
	$	376	$	(90)	$	286	$	380	$	(90)	$	290

Intangible assets, net consists of the following:

	September 30, 2022						December 31, 2021
	Gross				Net		Gross				Net
	Carrying		Accumulated		Carrying		Carrying		Accumulated		Carrying
	Amount		Amortization		Value		Amount		Amortization		Value
	(in millions)
Definite-lived intangible assets:
Customer relationships	$	394	$	(209)	$	185	$	394	$	(192)	$	202
Developed technology		254		(55)		199		254		(34)		220
Other		164		(84)		80		167		(77)		90
	$	812	$	(348)	$	464	$	815	$	(303)	$	512
Indefinite-lived intangible assets					$	83					$	83
Intangible assets, net					$	547					$	595

Amortization expense associated with definite-lived intangible assets was $16 million and $17 million for the three months ended September 30, 2022 and 2021, respectively, and $45 million and $49 million for the nine months ended September 30, 2022 and 2021, respectively.

We utilize the straight-line method of amortization, recognized over the estimated useful lives of the assets.