Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

7. Goodwill and Other Intangible Assets

GOODWILL

The carrying amount of goodwill totaled $1.4 billion at December 31, 2022 and 2021. We did not record any impairments to goodwill during 2022, 2021 and 2020.

OTHER INTANGIBLE ASSETS

The gross carrying amount and accumulated amortization, in total and by major intangible asset class were as follows:

(dollars in millions)	Gross Carrying Amount		Accumulated Amortization		Net Other Intangible Assets
December 31, 2022
Trade names	$	220	$	—	$	220
Licenses	25		—		25
VOBA	105		(90)		15
Other	1		—		1
Total	$	351	$	(90)	$	261
December 31, 2021
Trade names	$	220	$	—	$	220
VOBA	105		(77)		28
Licenses	25		—		25
Customer relationships	223		(223)		—
Other	13		(12)		1
Total	$	586	$	(312)	$	274

Amortization expense totaled $13 million in 2022, $32 million in 2021, and $37 million in 2020. The estimated aggregate amortization of other intangible assets for each of the next five years is immaterial.