XML 21 R8.htm IDEA: XBRL DOCUMENT v3.21.2
Franchises, Goodwill and Other Intangible Assets (Notes)
 6 Months Ended
Jun. 30, 2021
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 June 30, 2021 and December 31, 2020:

June 30, 2021December 31, 2020
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Indefinite-lived intangible assets:
Franchises$67,322 $— $67,322 $67,322 $— $67,322 
Goodwill29,554 — 29,554 29,554 — 29,554 
Wireless spectrum licenses464 — 464 464 — 464 
Trademarks159 — 159 159 — 159 
$97,499 $— $97,499 $97,499 $— $97,499 
Finite-lived intangible assets:
Customer relationships$18,232 $(13,445)$4,787 $18,230 $(12,615)$5,615 
Other intangible assets420 (178)242 420 (159)261 
$18,652 $(13,623)$5,029 $18,650 $(12,774)$5,876 

Amortization expense related to customer relationships and other intangible assets for the three and six months ended June 30, 2021 was $410 million and $850 million, respectively, and $478 million and $986 million for the three and six months ended June 30, 2020, respectively.

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

Six months ended December 31, 2021$753 
20221,332 
20231,075 
2024824 
2025576 
Thereafter469 
$5,029 
Actual amortization expense in future periods could differ from these estimates as a result of new intangible asset acquisitions or divestitures, changes in useful lives, impairments, adoption of new accounting standards and other relevant factors.