INTANGIBLE ASSETS INCLUDING GOODWILL (Tables)

3 Months Ended

12 Months Ended

Jun. 30, 2022

Mar. 31, 2022

Dec. 31, 2021

INTANGIBLE ASSETS INCLUDING GOODWILL

Schedule total considerations transferred

	March 31,
(Dollars in millions)	2022
Cash consideration	$	107
Non-controlling interest		102
Total enterprise value	$	209
Cash acquired	$	59
Net liabilities assumed, excluding cash		(16)
Deferred tax liabilities arising from acquired intangibles		(32)
Intangible assets *		107
Goodwill		91
Total purchase price allocation	$	209

Schedule total considerations transferred

(Dollars in millions)
Cash consideration	$	107
Non-controlling interest		102
Total enterprise value	$	209
Cash acquired	$	59
Net liabilities assumed, excluding cash		(16)
Deferred tax liabilities arising from acquired intangibles		(32)
Intangible assets *		107
Goodwill		91
Total purchase price allocation	$	209

Intangible asset balances by major asset class

	At June 30, 2022						At March 31, 2022
	Gross Carrying		Accumulated		Net Carrying		Gross Carrying		Accumulated		Net Carrying
(Dollars in millions)	Amount		Amortization		Amount		Amount		Amortization		Amount
Capitalized software	$	39	$	(15)	$	23	$	16	$	(16)	$	1
Customer relationships		229		(113)		116		229		(100)		129
Completed technology		20		(20)		—		20		(20)		—
Patents and trademarks		18		(3)		15		18		(2)		16
Total	$	306	$	(151)	$	154	$	283	$	(138)	$	145

	At March 31, 2022						At December 31, 2021
	Gross Carrying		Accumulated		Net Carrying		Gross Carrying		Accumulated		Net Carrying
(Dollars in millions)	Amount		Amortization		Amount		Amount		Amortization		Amount
Capitalized software	$	16	$	(16)	$	1	$	16	$	(13)	$	3
Customer relationships		229		(100)		129		130		(97)		33
Completed technology		20		(20)		—		20		(20)		—
Patents and trademarks		18		(2)		16		2		(2)		—
Total	$	283	$	(138)	$	145	$	169	$	(132)	$	36

	At December 31, 2021
	Gross Carrying		Accumulated		Net Carrying
(Dollars in millions)	Amount		Amortization		Amount
Capitalized software	$	16	$	(13)	$	3
Client relationships		130		(97)		33
Completed technology		20		(20)		—
Patents and trademarks		2		(2)		—
Total	$	169	$	(132)	$	36

	At December 31, 2020
	Gross Carrying		Accumulated		Net Carrying
(Dollars in millions)	Amount		Amortization		Amount
Capitalized software	$	7	$	(4)	$	3
Client relationships		130		(77)		53
Completed technology		20		(17)		3
Patents and trademarks		2		(2)		—
Total	$	159	$	(99)	$	60

Intangible assets, future amortization expense

	Capitalized		Customer		Patents and
(Dollars in millions)	Software		Relationships		Trademarks		Total
Year ending March 31:
2023 (remaining nine months)	$	3	$	27	$	2	$	33
2024		6		28		3		37
2025		5		23		3		32
2026		4		19		3		27
2027		3		16		3		22
Thereafter		2		2		—		4

	Capitalized		Customer		Patents and
(Dollars in millions)	Software		Relationships		Trademarks		Total
Year ending March 31:
2023	$	1	$	40	$	4	$	45
2024		—		28		3		31
2025		—		23		3		26
2026		—		19		3		23
2027		—		16		3		19
Thereafter		—		2		—		2

	Capitalized		Acquired
(Dollars in millions)	Software		Intangibles		Total
2022	$	3	$	18	$	21
2023		—		10		11
2024		—		6		6
2025		—		—		—
2026		—		—		—
Thereafter		—		—		—

Changes in goodwill balances by reportable segment

			Additions and
(Dollars in millions)	Balance at		Other		Balance at
Segment	March 31, 2022		Adjustments		June 30, 2022
United States	$	—	$	—	$	—
Japan		506		(8)		498
Principal Markets		142		—		142
Strategic Markets		176		—		176
Total	$	823	$	(8)	$	815

	Balance at		Additions and		Balance at
(Dollars in millions)	December 31,		Other		March 31,
Segment	2021		Adjustments		2022
United States	$	—	$	—	$	—
Japan		415		91		506
Principal Markets		142		—		142
Strategic Markets		176		—		176
Total	$	732	$	91	$	823

The rollforward of goodwill balances by segment for the years ended December 31, 2021 and December 31, 2020 were as follows:

			Foreign				Foreign
			Currency				Currency
			Translation				Translation
(Dollars in millions)	Balance at		and Other		Balance at		and Other		Re-allocation				Balance at
Segment	January 1, 2020		Adjustments*		December 31, 2020		Adjustments*		of Goodwill		Impairment		December 31, 2021
Americas	$	416	$	24	$	440	$	(10)	$	(431)	$	—	$	—
EMEA		272		16		288		5		—		(293)		—
Asia Pacific		74		4		78		(16)		(62)		—		—
Japan		401		23		424		(9)		—		—		415
U.S.		—		—		—		—		176		(176)		—
Principal Markets		—		—		—		1		141		—		142
Strategic Markets		—		—		—		—		176		—		176
Total	$	1,162	$	67	$	1,230	$	(29)		—	$	(469)	$	732

* Primarily driven by foreign currency translation.