INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 2018

The accumulated amortization and weighted-average useful lives for each major project-related intangible asset class and in total at June 30, 2018 were as follows:

	June 30, 2018
	Gross Carrying Amount			Accumulated Amortization			Weighted Average Life
	(In millions)						(In years)
Project-related intangible assets	$	145		$	(16	)		3
Project-related intangible liabilities		(33	)		4			2
Total ⁽¹⁾	$	112		$	(12	)

⁽¹⁾

All project related intangible assets at June 30, 2018 resulted from the Combination. Amortization expense was $12 million for the three months ended June 30, 2018 and is anticipated to be $42 million, $27 million, $19 million and $12 million for the remainder of 2018, 2019, 2020 and 2021, respectively.

Other Intangible Assets [Member]

Schedule of Intangible Assets

The accumulated amortization and weighted-average useful lives for each major other intangible asset class and in total at June 30, 2018 were as follows:

	June 30, 2018
	Gross Carrying Amount		Accumulated Amortization			Weighted Average Life
	(In millions)					(In years)
Process technologies	$	515	$	(3	)		27
Trade names		420		(6	)		12
Customer relationships		87		(1	)		9
Trademarks		27		-			10
Total ⁽¹⁾	$	1,049	$	(10	)

⁽¹⁾

All other intangible assets at June 30, 2018 resulted from the Combination. Amortization expense was $10 million for the three months ended June 30, 2018 and is anticipated to be $45 million, $81 million, $81 million, $77 million and $73 million for the remainder of 2018, 2019, 2020, 2021 and 2022, respectively.