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GOODWILL AND OTHER INTANGIBLES (Tables)
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
A summary of the changes in the carrying amount of goodwill is presented in the following tables. The prior period balances have been recast for inter-segment transitions of certain businesses that were completed during 2022. Refer to Note 24, “Reporting Segments and Related Information” for more information.
2022
(in millions)Air Managemente-Propulsion & DrivetrainAftermarketFuel SystemsTotal
Gross goodwill balance, January 1$1,466 $1,890 $380 $45 $3,781 
Accumulated impairment losses, January 1(502)— — — (502)
Net goodwill balance, January 1$964 $1,890 $380 $45 $3,279 
Goodwill during the year:
Acquisitions1 (Note 2)
126 132 — — 258 
Measurement period adjustments (Note 2)— (20)— — (20)
Other, primarily translation adjustment(26)(88)(6)— (120)
Net goodwill balance, December 31$1,064 $1,914 $374 $45 $3,397 
2021
(in millions)Air Managemente-Propulsion & DrivetrainAftermarketFuel SystemsTotal
Gross goodwill balance, January 1$1,472 $1,244 $368 $45 $3,129 
Accumulated impairment losses, January 1(502)— — — (502)
Net goodwill balance, January 1$970 $1,244 $368 $45 $2,627 
Goodwill during the year:
Acquisitions1 (Note 2)
— 707 — — 707 
Measurement period adjustments2
(1)26 16 — 41 
Disposition3 (Note 2)
— (12)— — (12)
Other, primarily translation adjustment(5)(75)(4)— (84)
Net goodwill balance, December 31$964 $1,890 $380 $45 $3,279 
_____________________________
1 Acquisitions relate to the Company’s 2022 purchases of Drivetek, Rhombus and Santroll, and the 2021 purchase of AKASOL.
2 Measurement period adjustments primarily relate to the 2020 acquisition of Delphi Technologies.
3 Disposition relates to the Company’s 2021 sale of Water Valley.
Schedule of Intangible Assets Gross Roll Forward
The Company’s other intangible assets, primarily from acquisitions, consist of the following:
 December 31, 2022December 31, 2021
(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
$492 $141 $351 $443 $105 $338 
Customer relationships
7 - 15
901 351 550 877 310 567 
Miscellaneous
2 - 5
10 14 
Total amortized intangible assets1,403 498 905 1,334 422 912 
Unamortized trade names146 — 146 179 — 179 
Total other intangible assets$1,549 $498 $1,051 $1,513 $422 $1,091 
A roll forward of the gross carrying amounts and related accumulated amortization of the Company’s other intangible assets is presented below:
Gross carrying amountsAccumulated amortization
(in millions)2022202120222021
Beginning balance, January 1$1,513 $1,452 $422 $356 
Acquisitions1 (Note 2)
132 130 — — 
Impairment2
(41)(14)(3)— 
Amortization— — 97 88 
Translation adjustment(55)(55)(18)(22)
Ending balance, December 31$1,549 $1,513 $498 $422 
_____________________________
1    Acquisitions relate to the Company’s 2022 purchases of Drivetek, Rhombus and Santroll, and the 2021 purchase of AKASOL.
2    During the fourth quarter of 2022, the Company recorded an impairment charge of $30 million to remove an indefinite-lived trade name as the Company no longer plans to utilize this trade name in the business. 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.