Franchises, Goodwill and Other Intangible Assets (Notes)

9 Months Ended

Sep. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Franchises, Goodwill and Other Intangible Assets

Franchises, Goodwill and Other Intangible Assets

Indefinite-lived and finite-lived intangible assets consist of the following as of September 30, 2019 and December 31, 2018:

	September 30, 2019							December 31, 2018
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Indefinite-lived intangible assets:
Franchises	$	67,322	$	—		$	67,322	$	67,319	$	—		$	67,319
Goodwill	29,554		—			29,554		29,554		—			29,554
Trademarks	159		—			159		159		—			159
	$	97,035	$	—		$	97,035	$	97,032	$	—		$	97,032
Finite-lived intangible assets:
Customer relationships	$	18,230	$	(10,274	)	$	7,956	$	18,229	$	(8,664	)	$	9,565
Other intangible assets	405		(111		)	294		409		(92		)	317
	$	18,635	$	(10,385	)	$	8,250	$	18,638	$	(8,756	)	$	9,882

Amortization expense related to customer relationships and other intangible assets for the three and nine months ended September 30, 2019 was $516 million and $1.6 billion, respectively, and $583 million and $1.8 billion for the three and nine months ended September 30, 2018, respectively.

The Company expects amortization expense on its finite-lived intangible assets will be as follows:

Three months ended December 31, 2019	$	514
2020	1,875
2021	1,599
2022	1,329
2023	1,072
Thereafter	1,861
	$	8,250

Actual amortization expense in future periods will differ from these estimates as a result of new intangible asset acquisitions or divestitures, changes in useful lives, impairments and other relevant factors.