INTANGIBLE ASSETS INCLUDING GOODWILL (Tables)

12 Months Ended

Dec. 31, 2021

INTANGIBLE ASSETS INCLUDING GOODWILL

Intangible asset balances by major asset class

	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		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

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.