GOODWILL, INTANGIBLE ASSETS AND OTHER LONG-LIVED ASSETS (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

The changes in the balance of goodwill for the years ended December 31, 2021 and 2020 consist of the following (in millions): 

	2021		2020
Balance, beginning of year	$	1,895	$	2,913
Acquisitions	1,022		—
Impairments	—		(1,062)
Foreign currency translation adjustments	(30)		44
Balance, end of year (1)	$	2,887	$	1,895

 (1)    The balance of goodwill as of December 31, 2021 and 2020 is stated net of cumulative impairment charges of $2.0 billion.

Intangible assets

The Company's intangible assets at December 31, 2021 and 2020 consist of the following (in millions):

	December 31, 2021						December 31, 2020
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Amortization Period
Supply and distribution   agreements	$	1,407	$	(591)	$	816	$	1,136	$	(552)	$	584	3 - 20 years
Technology	297		(151)		146		174		(144)		30		2 - 7 years
Internet domain names	41		(36)		5		44		(37)		7		5 - 20 years
Trade names	1,814		(724)		1,090		1,824		(633)		1,191		4 -20 years
Other intangible assets	2		(2)		—		2		(2)		—		Up to 15 years
Total intangible assets	$	3,561	$	(1,504)	$	2,057	$	3,180	$	(1,368)	$	1,812

Annual estimated amortization expense for intangible assets for the next five years and thereafter

The estimated future annual amortization expense for the Company's intangible assets at December 31, 2021 is as follows (in millions):

2022	$	224
2023	222
2024	221
2025	215
2026	180
Thereafter	995
	$	2,057