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Goodwill, Net and Intangible Assets, Net
 12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill, Net and Intangible Assets, Net Goodwill, Net and Intangible Assets, Net
Goodwill, Net
The following table presents the changes in the carrying amount of Goodwill, net:
 202320222021
Goodwill$4,013 $4,068 $4,071 
Accumulated impairment losses(1,193)(781)— 
Goodwill, net at January 1$2,820 $3,287 $4,071 
Goodwill Activity:
Foreign currency translation47 (120)(23)
Acquisitions(1):
U.S. Acquisitions— — 9 
U.K. Acquisitions5 28 — 
Canada Acquisition— 34 16 
Other— 3 (5)
Dispositions(2)
(125)— — 
Goodwill impairment— (412)(781)
Goodwill$3,940 $4,013 $4,068 
Accumulated impairment losses(1,193)(1,193)(781)
Goodwill, net at December 31$2,747 $2,820 $3,287 
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(1)Refer to Note 6 - Acquisitions and Divestitures for additional information related to acquisitions.
(2)Primarily includes the write-off of $115 of goodwill associated with the donation of our Palo Alto Research Center (PARC) as well as other immaterial dispositions. Refer to Note 6 - Acquisitions and Divestitures for additional information related to the PARC donation.
Total Goodwill is fully allocated to the Print and Other segment and no Goodwill has been allocated to the FITTLE segment for the three years ended December 31, 2023, 2022 or 2021, respectively.
We performed our annual Goodwill assessment in the fourth quarter of 2023 qualitatively and concluded that it is more likely-than-not that the fair value of the Print and Other reporting unit, the only reporting unit with Goodwill, is higher than its carrying amount and Goodwill was not impaired.
In the third quarter of 2022, we concluded that an interim impairment test of Goodwill was required. Based on that test, we determined that the estimated fair value of the Print and Other reporting unit (the only reporting unit with Goodwill) had declined below its carrying value and, as a result, we recognized an after-tax non-cash impairment charge of $395 ($412 pre-tax) related to our Goodwill for the year ended December 31, 2022.
In the fourth quarter of 2021, after completing our annual impairment test, we concluded that the estimated fair value of the Company had declined below its carrying value. As a result, we recognized an after-tax non-cash impairment charge of $750 ($781 pre-tax) related to our Goodwill for the year ended December 31, 2021.
Intangible Assets, Net
Intangible assets, net were $177 at December 31, 2023, all of which relate to our Print and Other segment. Intangible assets were comprised of the following:
 December 31, 2023December 31, 2022
Weighted Average
Amortization		Gross
Carrying
Amount		Accumulated
Amortization		Net
Amount		Gross
Carrying
Amount		Accumulated
Amortization		Net
Amount
Customer relationships10 years$200 $92 $108 $214 $85 $129 
Distribution network25 years123 118 5 123 113 10 
Trademarks18 years209 147 62 201 135 66 
Technology and non-compete3 years13 11 2 15 12 3 
Total Intangible Assets $545 $368 $177 $553 $345 $208 
Excluding the impact of future acquisitions, amortization expense is expected to approximate $39 in 2024 and $32 in 2025, 2026, 2027 and in 2028, respectively. Distribution network, technology and non-compete assets are expected to be fully amortized by 2025.