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INTANGIBLE ASSETS AND GOODWILL
 12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS AND GOODWILL
INTANGIBLE ASSETS AND GOODWILL
 
The Company's intangible assets at December 31, 2019 and 2018 consist of the following (in millions):
 
 
December 31, 2019
 
December 31, 2018
 
 
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Amount
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Amount
 
Amortization
Period
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Supply and distribution
  agreements
$
1,100

 
$
(472
)
 
$
628

 
$
1,099

 
$
(408
)
 
$
691

 
3 - 20 years
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Technology
170

 
(129
)
 
41

 
173

 
(121
)
 
52

 
 1 - 7 years
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Internet domain names
40

 
(32
)
 
8

 
41

 
(30
)
 
11

 
5 - 20 years
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Trade names
1,811

 
(534
)
 
1,277

 
1,810

 
(439
)
 
1,371

 
4 - 20 years
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other intangible assets
2

 
(2
)
 
—

 
3

 
(3
)
 
—

 
Up to 15 years
Total intangible assets
$
3,123

 
$
(1,169
)
 
$
1,954

 
$
3,126

 
$
(1,001
)
 
$
2,125

 
 

 
Intangible assets are amortized on a straight-line basis.  Amortization expense was $175 million, $178 million and $176 million for the years ended December 31, 2019, 2018 and 2017, respectively.

The annual estimated amortization expense for intangible assets for the next five years and thereafter is expected to be as follows (in millions):
 
2020
$
167

2021
160

2022
157

2023
155

2024
155

Thereafter
1,160

 
$
1,954


 
The changes in the balance of goodwill for the years ended December 31, 2019 and 2018 consist of the following (in millions): 
 
2019
 
2018
Balance, beginning of year (1)
$
2,910

 
$
2,738

Acquisitions
7

 
212

Foreign currency translation adjustments
(4
)
 
(40
)
Balance, end of year (1)
$
2,913

 
$
2,910


 
(1) The balances are net of an OpenTable goodwill impairment charge of $941 million recognized in 2016.

A substantial portion of the Company's intangible assets and goodwill relates to the acquisition of OpenTable and KAYAK. At September 30, 2019, the Company performed its annual goodwill impairment testing and concluded that there was no impairment of goodwill. Since the annual impairment test, there have been no events or changes in circumstances to indicate a potential impairment to the Company's goodwill. In addition, the Company did not identify any impairment indicators for the Company's other long-lived assets at December 31, 2019.