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Goodwill and Intangible Assets
 12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
The following table presents the net carrying amount of goodwill allocated by segment, and changes during 2019:
(In millions)
Balance at December 31, 2018
 
Acquisitions
 
Divestitures
 
Translation
 
Balance at December 31, 2019
Americas
$
91

 
$
—

 
$
—

 
$
—

 
$
91

Europe, Middle East and Africa
415

 
2

 
—

 
(6
)
 
411

Asia Pacific
63

 
1

 
—

 
(1
)
 
63

 
$
569

 
$
3

 
$
—

 
$
(7
)
 
$
565

The following table presents the net carrying amount of goodwill allocated by segment, and changes during 2018:
(In millions)
Balance at December 31, 2017
 
Acquisitions
 
Divestitures
 
Translation
 
Balance at December 31, 2018
Americas
$
91

 
$
—

 
$
—

 
$
—

 
$
91

Europe, Middle East and Africa
437

 
2

 
—

 
(24
)
 
415

Asia Pacific
67

 
—

 
—

 
(4
)
 
63

 
$
595

 
$
2

 
$
—

 
$
(28
)
 
$
569


The following table presents information about intangible assets:
 
2019
 
2018
(In millions)
Gross Carrying Amount(1)
 
Accumulated Amortization(1)
 
Net Carrying Amount
 
Gross Carrying Amount(1)
 
Accumulated Amortization(1)
 
Net Carrying Amount
Intangible assets with indefinite lives
$
124

 
$
(6
)
 
$
118

 
$
124

 
$
(6
)
 
$
118

Trademarks and patents
24

 
(19
)
 
5

 
23

 
(19
)
 
4

Other intangible assets
25

 
(11
)
 
14

 
23

 
(9
)
 
14

 
$
173

 
$
(36
)
 
$
137

 
$
170

 
$
(34
)
 
$
136


(1)
Includes impact of foreign currency translation.
Intangible assets are primarily comprised of the rights to use the Dunlop brand name and related trademarks and certain other brand names and trademarks.
Amortization expense for intangible assets totaled $2 million in 2019, 2018 and 2017. We estimate that annual amortization expense related to intangible assets will be approximately $2 million in 2020 through 2022, and $1 million in 2023 and 2024. The weighted average remaining amortization period is approximately 20 years.
Our annual impairment analyses for 2019, 2018 and 2017 indicated no impairment of goodwill or intangible assets with indefinite lives. Our quantitative goodwill analysis as of October 31, 2019 concluded that the fair values substantially exceeded the carrying amounts for each reporting unit tested, except for the EMEA reporting unit. There were no events or circumstances that indicated the quantitative impairment tests should be re-performed for goodwill or for intangible assets with indefinite lives for any reporting unit at December 31, 2019.

We determine the estimated fair value for each reporting unit based on discounted cash flow projections and market values for comparable businesses. EMEA had an estimated fair value that exceeded its carrying value, including goodwill, by approximately 10%. The most critical assumptions used in the calculation of the fair value of the EMEA reporting unit are the projected long term operating margin, discount rate and the selection of market multiples. If we make adverse revisions to our significant assumptions, including as a result of business performance or market conditions, or if our market capitalization declines further and if such a decline becomes indicative that the fair value of our reporting units has declined below their carrying values, we may need to record a material, non-cash goodwill impairment charge in a future period.