Goodwill and Intangible Assets, Net (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill

Goodwill

The following table presents the changes in the carrying amount of Goodwill:

	Total
Balance at December 31, 2018	$	3,858
Foreign currency translation	28
Acquisitions	14
Balance at December 31, 2019	$	3,900
Foreign currency translation	60
Acquisitions:
U.K. Acquisitions	98
Canada Acquisition	10
Other	3
Balance at December 31, 2020(1)	$	4,071
Foreign currency translation	(23)
Acquisitions:
U.S. Acquisitions	9
Canada Acquisition	16
Goodwill impairment(2)	(781)
Other	(5)
Balance at December 31, 2021	$	3,287

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(1)CareAR Holdings, LLC was transferred from Xerox Holdings to Xerox in 2021. Accordingly, the balance at December 31, 2020 reflects the balance for both Xerox Holdings and Xerox.

(2)Non-cash, pre-tax Goodwill impairment charge of $781 ($750 after-tax).

Schedule of intangible assets, net

Intangible Assets, Net

Intangible assets, net were $211 at December 31, 2021. Intangible assets were comprised of the following:

		December 31, 2021						December 31, 2020
	Weighted Average Amortization	Gross Carrying Amount		Accumulated Amortization		Net Amount		Gross Carrying Amount		Accumulated Amortization		Net Amount(1)
Customer relationships	10 years	$	211	$	95	$	116	$	185	$	74	$	111
Distribution network	25 years	123		108		15		123		103		20
Trademarks	19 years	237		164		73		235		138		97
Technology and non-compete	3 years	15		8		7		29		20		9
Total Intangible Assets		$	586	$	375	$	211	$	572	$	335	$	237

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(1)CareAR Holdings, LLC was transferred from Xerox Holdings to Xerox in 2021. Accordingly, the balances at December 31, 2020 reflect the balances for both Xerox Holdings and Xerox.