Intangible Assets

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Intangible Assets

Goodwill

The original carrying value of goodwill and accumulated impairment charges at December 31, 2023 are as follows:

	North America		South America		Asia- Pacific		EMEA		Total
Goodwill before impairment charges	$	623	$	49	$	311	$	72	$	1,055
Accumulated impairment charges	(1)		(33)		(121)		—		(155)
Balance at January 1, 2023	622		16		190		72		900
Acquisitions	—		—		19		—		19
Currency translation	—		2		(5)		2		(1)
Balance at December 31, 2023	$	622	$	18	$	204	$	74	$	918

We concluded that as of our July 1, 2023 impairment assessments, there were no impairments to goodwill.

Other Intangible Assets

A summary of other intangible assets is as follows:

December 31, 2023	Gross		Accumulated Amortization		Net		Weighted Average Useful Life (years)
Trademarks/tradenames (indefinite-lived)	$	143	$	—	$	143	—
Patents	31		(9)		22		12
Customer relationships	358		(170)		188		19
Technology	111		(103)		8		9
Other	41		(17)		24		15
Total other intangible assets	$	684	$	(299)	$	385	17

December 31, 2022	Gross		Accumulated Amortization		Net		Weighted Average Useful Life (years)
Trademarks/tradenames (indefinite-lived)	$	143	$	—	$	143	—
Patents	32		(7)		25		12
Customer relationships	356		(150)		206		19
Technology	102		(101)		1		9
Other	43		(17)		26		15
Total other intangible assets	$	676	$	(275)	$	401	17

Amortization expense related to intangible assets was $26 million in 2023, $26 million in 2022, and $27 million in 2021. Based on the results of our impairment assessments, we concluded that as of July 1, 2023, there were no impairments to our indefinite-lived other intangible assets.

Estimated future amortization expense related to intangible assets is as follows:

Years ending December 31,	Estimated Future Amortization Expense
2024	$	26
2025	26
2026	26
2027	26
2028	26