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Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2012
Gross Cost and Accumulated Amortization of Intangible Assets

The gross cost and accumulated amortization of intangible assets, by major intangible asset category, were as follows:

 

     Successor  
     December 31, 2012  
     Gross
Cost
     Accumulated
Amortization
    Net Carrying
Amount
 

Customer relationships

   $ 294       $ (39   $ 255   

TiO2 technology

     32         (3     29   

Internal-use software(1)

     38         (2     36   

In-process research and development

     5         (2     3   

Trade names

     3         (1     2   

Other

     1         —          1   
  

 

 

    

 

 

   

 

 

 

Total

   $ 373       $ (47   $ 326   
  

 

 

    

 

 

   

 

 

 

 

(1) In connection with the Transaction, the Company acquired internal-use software, which was valued at $12 million on the Transaction Date. See Note 5.

 

     Successor  
     December 31, 2011  
     Gross
Cost
     Accumulated
Amortization
    Net Carrying
Amount
 

Customer relationships

   $ 294       $ (19   $ 275   

TiO2 technology

     32         (2     30   

Internal-use software

     12         —          12   

In-process research and development

     5         (1     4   

Trade names

     3         —          3   

Other

     1         —          1   
  

 

 

    

 

 

   

 

 

 

Total

   $ 347       $ (22   $ 325   
  

 

 

    

 

 

   

 

 

 
Estimated Future Amortization Expense Related to Intangible Assets

Estimated future amortization expense related to intangible assets is as follows:

 

     Total
Amortization
 

2013

   $ 27   

2014

     27   

2015

     27   

2016

     25   

2017

     25   

Thereafter

     195   
  

 

 

 

Total

   $ 326