Intangible Assets Including Goodwill (Tables)

9 Months Ended

Sep. 30, 2021

Intangible Assets Including Goodwill

Intangible asset balances by major asset class

	At September 30, 2021
	Gross Carrying		Accumulated		Net Carrying
(Dollars in millions)	Amount		Amortization		Amount
Capitalized software	$	17	$	(10)	$	7
Client relationships		130		(91)		39
Completed technology		20		(19)		—
Patents and trademarks		2		(2)		—
Total	$	169	$	(122)	$	47

	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		Acquired
(Dollars in millions)	Software		Intangibles		Total
Remainder of 2021	$	4	$	5	$	9
2022		3		18		21
2023		—		10		11
2024		—		6		6
2025		—		—		—
Thereafter		—		—		—

Changes in goodwill balances by reportable segment

			Foreign				Foreign
			Currency				Currency
			Translation				Translation
(Dollars in millions)	Balance at		and Other		Balance at		and Other		Balance at
Segment	January 1, 2020		Adjustments*		December 31, 2020		Adjustments*		September 30, 2021
Americas	$	416	$	24	$	440	$	(8)	$	431
EMEA		272		16		288		4		292
Japan		401		23		424		(9)		415
Asia Pacific		74		4		78		(16)		62
Total	$	1,162	$	67	$	1,230	$	(29)	$	1,201

* Primarily driven by foreign currency translation.