GOODWILL AND INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS

GOODWILL

The following table presents goodwill balances and adjustments to those balances during the six months ended June 30, 2023:

	December 31, 2022		Goodwill Acquired		Adjustments		June 30, 2023
	(In millions)
Total goodwill	$	11,209	$	—	$	(142)	$	11,067

The adjustments to goodwill during the six months ended June 30, 2023 pertained to foreign currency translation adjustments.

INTANGIBLE ASSETS

The components of identifiable intangible assets were as follows:

	June 30, 2023							December 31, 2022
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted Average Useful Life (Years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted Average Useful Life (Years)
	(In millions, except years)
Intangible assets:
Customer lists and user base	$	1,561	$	(1,088)	$	473	7	$	1,664	$	(1,092)	$	572	7
Marketing related	388		(345)		43		5	395		(339)		56		5
Developed technology	1,068		(1,035)		33		3	1,099		(1,048)		51		3
All other	429		(338)		91		7	438		(329)		109		7
Intangible assets, net	$	3,446	$	(2,806)	$	640		$	3,596	$	(2,808)	$	788

In the three months ended June 30, 2023, we retired approximately $8 million of fully amortized intangible assets, all of which were included in developed technology. In the six months ended June 30, 2023, we retired approximately $92 million of fully amortized intangible assets, of which $65 million and $27 million were included in customer lists and user base and developed technology, respectively. Amortization expense for intangible assets was $58 million and $120 million for the three months ended June 30, 2023 and 2022, respectively. Amortization expense for intangible assets was $115 million and $238 million for the six months ended June 30, 2023 and 2022, respectively.

Expected future intangible asset amortization as of June 30, 2023 was as follows (in millions):

Fiscal years:
Remaining 2023	$	102
2024	186
2025	152
2026	95
2027	59
Thereafter	46
Total	$	640