GOODWILL AND OTHER INTANGIBLES (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]


(in millions)
Air Management	$	150
e-Propulsion & Drivetrain	301
Fuel Injection	—
Aftermarket	303
Total acquisition date goodwill	$	754

A summary of the changes in the carrying amount of goodwill is as follows:


	2021
(in millions)	Air Management		e-Propulsion & Drivetrain		Aftermarket		Total
Gross goodwill balance, January 1	$	1,517	$	1,313	$	299	$	3,129
Accumulated impairment losses, January 1	(502)		—		—		(502)
Net goodwill balance, January 1	$	1,015	$	1,313	$	299	$	2,627
Goodwill during the year:
Acquisitions1 (Note 2)	707		—		—		707
Measurement period adjustments (Note 2)	(4)		29		16		41

Disposition2 (Note 2)	—		(12)		—		(12)

Other, primarily translation adjustment	(51)		(29)		(4)		(84)
Net goodwill balance, December 31	$	1,667	$	1,301	$	311	$	3,279


	2020
(in millions)	Air Management		e-Propulsion & Drivetrain		Aftermarket		Total
Gross goodwill balance, January 1	$	1,337	$	1,007	$	—	$	2,344
Accumulated impairment losses, January 1	(502)		—		—		(502)
Net goodwill balance, January 1	$	835	$	1,007	$	—	$	1,842
Goodwill during the year:
Acquisitions1 (Note 2)	151		272		287		710




Other, primarily translation adjustment	29		34		12		75
Net goodwill balance, December 31	$	1,015	$	1,313	$	299	$	2,627

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1 Acquisitions relate to the Company’s 2021 purchase of AKASOL and 2020 purchase of Delphi Technologies.

2 Disposition relates to the Company’s 2021 sale of Water Valley.

Summary of intangible assets gross roll forward

The Company’s other intangible assets, primarily from acquisitions, consist of the following:


		December 31, 2021						December 31, 2020
(in millions)	Estimated useful lives (years)	Gross carrying amount		Accumulated amortization		Net carrying amount		Gross carrying amount		Accumulated amortization		Net carrying amount
Amortized intangible assets:
Patented and unpatented technology	5 - 15	$	443	$	105	$	338	$	383	$	77	$	306
Customer relationships	7 - 15	877		310		567		893		272		621
Miscellaneous	2 - 13	14		7		7		10		7		3
Total amortized intangible assets		1,334		422		912		1,286		356		930
Unamortized trade names		179		—		179		166		—		166
Total other intangible assets		$	1,513	$	422	$	1,091	$	1,452	$	356	$	1,096

A roll forward of the gross carrying amounts and related accumulated amortization of the Company’s other intangible assets is presented below:


	Gross carrying amounts				Accumulated amortization
(in millions)	2021		2020		2021		2020
Beginning balance, January 1	$	1,452	$	700	$	356	$	298
Acquisitions1 (Note 2)	130		760		—		—
Impairment/Abandonment2	(14)		(56)		—		(56)
Amortization2	—		—		88		89
Translation adjustment	(55)		48		(22)		25
Ending balance, December 31	$	1,513	$	1,452	$	422	$	356

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1 Acquisitions relate to the Company’s 2021 purchase of AKASOL and 2020 purchase of Delphi Technologies

2 In 2021, the Company performed a quantitative impairment test over its indefinite-lived trade names, which indicated that for one trade name the fair value was less than the carrying value. Therefore, the Company recorded an impairment charge to reduce the carrying value to the fair value. In 2020, as a result of an evaluation of the underlying technologies and management of the business subsequent to the acquisition of Delphi Technologies, the Company reduced the useful life of certain intangible assets during the fourth quarter of 2020 as they no longer provided future economic benefit. This resulted in accelerated amortization expense of $38 million and the removal of the related gross carrying amount and accumulated amortization of these assets.