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Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

As discussed in Note 2, “Summary of Significant Accounting Policies”, beginning in the first quarter of 2021, the Company moved a reporting unit within the Powertrain segment to the Ride Performance segment and Ride Performance was renamed Performance Solutions. Refer to Note 16, “Segment Information” for further information.

At March 31, 2021 and December 31, 2020, goodwill consists of the following:


	Three Months Ended March 31, 2021
	Motorparts		Performance Solutions		Clean Air		Powertrain		Total
Gross carrying amount at December 31, 2020	$	623	$	549	$	23	$	59	$	1,254

Foreign exchange	—		(3)		—		—		(3)
Gross carrying amount at March 31, 2021	623		546		23		59		1,251








Accumulated impairment loss at December 31, 2020	(310)		(377)		—		(59)		(746)

Foreign exchange	—		3		—		—		3
Accumulated impairment loss at March 31, 2021	(310)		(374)		—		(59)		(743)







Net carrying value at March 31, 2021	$	313	$	172	$	23	$	—	$	508

The following table shows a summary of the number of reporting units with a net carrying value of goodwill in each segment at March 31, 2021 and whether or not the reporting unit’s fair value exceeds its carrying value by more or less than 25% based on each respective reporting units most recent goodwill impairment analysis:


	Segments
	Motorparts		Performance Solutions		Clean Air
Number of reporting units with goodwill	1		2		3

Number of reporting units where fair value exceeds carrying value:
Greater than 25%	1		1		3
Less than 25%	—		1		—

Goodwill for reporting units where fair value exceeds carrying value:
Greater than 25%	$	313	$	7	$	23
Less than 25%	—		165		—
	$	313	$	172	$	23

Schedule of Intangible Assets and Goodwill

Impairment charges for goodwill and intangible assets recognized by segment during the three months ended March 31, 2020 consist of the following:


	Three Months Ended March 31, 2020
	Motorparts		Performance Solutions		Powertrain		Total
Goodwill impairment charges	$	70	$	156	$	41	$	267
Trade names and trademarks intangible asset impairment charges	40		11		—		51
Definite-lived intangible asset impairment charges	—		65		—		65
	$	110	$	232	$	41	$	383

Schedule of Indefinite-Lived Intangible Assets

At March 31, 2021 and December 31, 2020, the Company’s intangible assets consist of the following:


		March 31, 2021						December 31, 2020
	Useful Lives	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Definite-lived intangible assets:
Customer relationships and platforms	10 years	$	993	$	(304)	$	689	$	995	$	(282)	$	713
Customer contract	10 years	8		(6)		2		8		(6)		2
Patents	10 to 17 years	1		(1)		—		1		(1)		—
Technology rights	10 to 30 years	136		(53)		83		139		(51)		88
Packaged kits know-how	10 years	54		(14)		40		54		(12)		42
Catalogs	10 years	47		(12)		35		47		(11)		36
Licensing agreements	3 to 5 years	65		(38)		27		66		(35)		31
Land use rights	28 to 46 years	49		(5)		44		49		(4)		45
		$	1,353	$	(433)	920		$	1,359	$	(402)	957
Indefinite-lived intangible assets:
Trade names and trademarks						234						237
Total						$	1,154					$	1,194

Schedule of Finite-Lived Intangible Assets

At March 31, 2021 and December 31, 2020, the Company’s intangible assets consist of the following:


		March 31, 2021						December 31, 2020
	Useful Lives	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Definite-lived intangible assets:
Customer relationships and platforms	10 years	$	993	$	(304)	$	689	$	995	$	(282)	$	713
Customer contract	10 years	8		(6)		2		8		(6)		2
Patents	10 to 17 years	1		(1)		—		1		(1)		—
Technology rights	10 to 30 years	136		(53)		83		139		(51)		88
Packaged kits know-how	10 years	54		(14)		40		54		(12)		42
Catalogs	10 years	47		(12)		35		47		(11)		36
Licensing agreements	3 to 5 years	65		(38)		27		66		(35)		31
Land use rights	28 to 46 years	49		(5)		44		49		(4)		45
		$	1,353	$	(433)	920		$	1,359	$	(402)	957
Indefinite-lived intangible assets:
Trade names and trademarks						234						237
Total						$	1,154					$	1,194

Finite-lived Intangible Assets Amortization Expense

The amortization expense associated with definite-lived intangible assets is as follows:


	Three Months Ended March 31,
		2021		2020
Amortization expense		$	32	$	34

The expected future amortization expense for the Company’s definite-lived intangible assets is as follows:


	2021		2022		2023		2024		2025		2026 and thereafter		Total
Expected amortization expense	$	97	$	125	$	122	$	114	$	114	$	348	$	920