GOODWILL, INTANGIBLE ASSETS AND OTHER LONG-LIVED ASSETS

3 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL, INTANGIBLE ASSETS AND OTHER LONG-LIVED ASSETS

GOODWILL, INTANGIBLE ASSETS AND OTHER LONG-LIVED ASSETS

The Company's intangible assets at March 31, 2022 and December 31, 2021 consist of the following (in millions): 

	March 31, 2022						December 31, 2021
	Gross  Carrying  Amount		Accumulated Amortization		Net  Carrying  Amount		Gross  Carrying  Amount		Accumulated Amortization		Net  Carrying  Amount		Amortization Period
Supply and distribution agreements	$	1,398	$	(608)	$	790	$	1,407	$	(591)	$	816	3 - 20 years
Technology	296		(160)		136		297		(151)		146		2 - 7 years
Internet domain names	40		(36)		4		41		(36)		5		5 - 20 years
Trade names	1,812		(745)		1,067		1,814		(724)		1,090		4 - 20 years
Other intangible assets	2		(2)		—		2		(2)		—		Up to 15 years
Total intangible assets	$	3,548	$	(1,551)	$	1,997	$	3,561	$	(1,504)	$	2,057

Intangible assets are amortized on a straight-line basis. Amortization expense was $56 million and $41 million for the three months ended March 31, 2022 and 2021, respectively.

A substantial portion of the Company's intangible assets and goodwill relates to the acquisitions of OpenTable, KAYAK, and Getaroom. The purchase price allocation for the acquisition of Getaroom has not been completed at March 31, 2022 (see Note 14).

The balance of goodwill as of March 31, 2022 and December 31, 2021 is net of cumulative impairment charges of $2.0 billion.