Goodwill and Intangible Assets, Net

12 Months Ended

Dec. 31, 2019

Goodwill And Intangible Assets Disclosure [Abstract]

NOTE 9: GOODWILL AND INTANGIBLE ASSETS, NET

The following table summarizes our goodwill activity by reportable segment for the periods presented:

	Hotel			Non-Hotel			Hotels, Media & Platform		Experiences & Dining			Other (4)		Total
	(in millions)						(in millions)
Balance as of December 31, 2017	$	451		$	307		$	—	$	—		$	—	$	758
Acquisitions (1)		—			11			—		—			—		11
Other adjustments (2)		—			(13	)		—		—			—		(13	)
Balance as of December 31, 2018	$	451		$	305		$	—	$	—		$	—	$	756
Allocation to new segments (3)		(451	)		(305	)		405		250			101		—
Acquisitions (1)		—			—			—	$	85		$	—		85
Other adjustments (2)		—			—			—		(2	)		1		(1	)
Balance as of December 31, 2019	$	—		$	—		$	405	$	333		$	102	$	840

(1)

The additions to goodwill relate to our business acquisitions. Refer to “Note 3: Acquisitions and Other Investments,” for further information.

(2)

Primarily related to impact of changes in foreign currency exchange rates to goodwill.

(3)

Refer to “Note 1: Organization and Business Description” for information on our reporting segment changes in the first quarter of 2019.

(4)

Other consists of the combination of our Rentals, Flights/Cruises/Car, SmarterTravel, and Tripadvisor China business units and does not constitute a reportable segment.

Intangible assets, which were acquired in business combinations and recorded at fair value on the date of purchase, consist of the following for the periods presented:

	December 31,
		2019			2018
	(in millions)
Intangible assets with definite lives	$	253		$	228
Less: accumulated amortization		(173	)		(140	)
Intangible assets with definite lives, net		80			88
Intangible assets with indefinite lives		30			30
Total	$	110		$	118

Amortization expense for definite-lived intangible assets was $33 million, $34 million, and $32 million, for the years ended December 31, 2019, 2018 and 2017, respectively. Our indefinite-lived intangible assets relate to trade names and trademarks.

There were no impairment charges recognized to our consolidated statement of operations during the years ended December 31, 2019, 2018 and 2017 related to our goodwill or intangible assets.

The following table presents the components of our intangible assets with definite lives for the periods presented:

			December 31, 2019							December 31, 2018
	Weighted Average		Gross					Net		Gross					Net
	Remaining Life		Carrying		Accumulated			Carrying		Carrying		Accumulated			Carrying
	(in years)		Amount		Amortization			Amount		Amount		Amortization			Amount
			(in millions)							(in millions)
Trade names and trademarks		4.5	$	59	$	(35	)	$	24	$	57	$	(28	)	$	29
Customer lists and supplier relationships		4.4		98		(65	)		33		88		(53	)		35
Subscriber relationships		3.3		40		(29	)		11		34		(25	)		9
Technology and other		5.1		56		(44	)		12		49		(34	)		15
Total		4.4	$	253	$	(173	)	$	80	$	228	$	(140	)	$	88

Refer to “Note 3: Acquisitions and Other Investments” above for a discussion of definite lived intangible assets acquired in business combinations during the years ended December 31, 2019 and 2018.

Our definite-lived intangible assets are being amortized on a straight-line basis. The straight-line method of amortization is currently our best estimate, or approximates to date, the distribution of the economic use of these intangible assets.

The estimated amortization expense for intangible assets with definite lives for each of the next five years, and the expense thereafter, assuming no subsequent impairment of the underlying assets or change in estimate of remaining lives, is expected to be as follows (in millions):

2020	$	26
2021		19
2022		13
2023		9
2024		6
2025 and thereafter		7
Total	$	80