INTANGIBLE ASSETS AND GOODWILL

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS AND GOODWILL

INTANGIBLE ASSETS AND GOODWILL

The Company's intangible assets at June 30, 2022 and December 31, 2021 consist of the following (in millions): 

	June 30, 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	$	1,369	$	(610)	$	759	$	1,407	$	(591)	$	816	3 - 20 years
Technology	294		(168)		126		297		(151)		146		2 - 7 years
Internet domain names	37		(34)		3		41		(36)		5		5 - 20 years
Trade names	1,800		(763)		1,037		1,814		(724)		1,090		4 - 20 years
Other intangible assets	2		(2)		—		2		(2)		—		Up to 15 years
Total intangible assets	$	3,502	$	(1,577)	$	1,925	$	3,561	$	(1,504)	$	2,057

Intangible assets are amortized on a straight-line basis. Amortization expense was $56 million and $112 million for the three and six months ended June 30, 2022, respectively, and $41 million and $82 million for the three and six months ended June 30, 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 June 30, 2022 (see Note 14).

The balance of goodwill as of June 30, 2022 and December 31, 2021 is net of cumulative impairment charges of $2.0 billion.