XML 39 R20.htm IDEA: XBRL DOCUMENT v3.23.1
Goodwill and Other Intangible Assets, Net
12 Months Ended
Dec. 31, 2022
Goodwill and Other Intangible Assets, Net  
Goodwill and Other Intangible Assets, Net

(11)

Goodwill and Other Intangible Assets, Net

The following table sets forth changes in goodwill during the years ended December 31, 2022 and 2021:

(in $ millions)

    

Amount

Balance as of December 31, 2020

$

1,028

Additions(1)

343

Currency translation adjustments

(13)

Balance as of December 31, 2021

1,358

Egencia acquisition adjustments(2)

 

(118)

Currency translation adjustments

 

(52)

Balance as of December 31, 2022

1,188

(1)Relates to acquisition of Ovation ($36 million) and Egencia ($307 million) which was based on preliminary purchase price allocation (see note 10 – Business Acquisitions).
(2)Relates to measurement period adjustments for Egencia acquisition (see note 10 – Business Acquisitions – Acquisition of Egencia).

There were no goodwill impairment losses recorded for the years ended December 31, 2022, 2021 and 2020 and there are no accumulated goodwill impairment losses as of December 31, 2022.

The following table sets forth the Company’s other intangible assets with definite lives as of December 31, 2022 and 2021:

    

December 31, 2022

    

December 31, 2021

Accumulated

Accumulated

(in $ millions)

    

Cost

    

depreciation

    

Net

    

Cost

    

depreciation

    

Net

Trademarks/tradenames

$

116

$

(69)

$

47

$

115

$

(62)

$

53

Business client relationships

 

788

 

(240)

 

548

 

815

 

(189)

 

626

Supplier relationship

 

253

 

(213)

 

40

 

254

 

(188)

 

66

Travel partner network

 

4

 

(3)

 

1

 

4

 

(3)

 

1

Other intangible assets, net

$

1,161

$

(525)

$

636

$

1,188

$

(442)

$

746

Amortization expense relating to definite-lived intangible assets was $93 million, $67 million and $62 million for the years ended December 31, 2022, 2021 and 2020, respectively. As of December 31, 2022, the estimated amortization expense relating to definite-live intangible assets, assuming no subsequent impairment of the underlying assets, for each of the five succeeding years and periods thereafter is as follows:

(in $ millions)

    

Amount

2023

$

91

2024

 

70

2025

 

49

2026

 

48

2027

 

48

Thereafter

 

330

Total

$

636