Intangible Assets, Net

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets, Net

Intangible Assets, Net

12. Intangible Assets, Net

	December 31,
($ in millions)	2022		2021
Acquired customer relationships and other intangibles (net of accumulated amortization and impairment losses of $914 million at December 31, 2022, and $862 million at December 31, 2021)	$	1,320	$	1,593
Capitalized software (net of accumulated amortization of $204 million at December 31, 2022, and $187 million at December 31, 2021)		80		74
Other intangibles (net of accumulated amortization of $99 million at December 31, 2022, and $97 million at December 31, 2021)		17		21
	$	1,417	$	1,688

Total amortization expense of intangible assets amounted to $165 million, $180 million and $180 million for the years ended December 31, 2022, 2021 and 2020, respectively including $135 million in 2022, $152 million in 2021 and $150 million in 2020 of amortization expense related to the acquired intangible assets. Based on intangible asset values and currency exchange rates as of December 31, 2022, total annual intangible asset amortization expense is expected to be $160 million, $156 million, $152 million, $146 million and $141 million for the years ending December 31, 2023 through 2027, respectively, and approximately $662 million combined for all years thereafter.

As discussed in Note 4, in the second quarter of 2022, Ball recorded a non-cash impairment charge related to its Russian long-lived asset group, of which $131 million related to acquired customer relationships and other intangibles associated with the company’s Russian aluminum beverage packaging business, which resulted in fully impairing the assets that were subsequently disposed through the sale of the Russia aluminum beverage packaging business. See Note 4 for further details