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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

Schedule of Changes in the Carrying Amount of Goodwill by Reporting Segment

The changes in the carrying amount of goodwill during the three months ended March 31, 2020 were as follows:

	EARC			MENA		Storage Solutions		Total
	(In millions)
Balance as of January 1, 2020 ⁽¹⁾	$	91		$	47	$	9	$	147
Goodwill impairment		(91	)		-		-		(91	)
Balance as of March 31, 2020	$	-		$	47	$	9	$	56

⁽¹⁾	As of January 1, 2020, we had approximately $3.5 billion of cumulative impairment charges recorded in conjunction with our impairment assessments performed during 2019 and 2018, as previously described in the 2019 Form 10-K.

Schedule of Key Assumptions Used in Deriving Reporting Units Fair Value

Key assumptions used in deriving the reporting units’ fair values included the use of significant unobservable inputs, representative of a Level 3 fair value measurement, and included, but were not limited to, the following assumptions:

	Discount rate			Compound annual growth rate			Terminal growth rate
EARC		35.5	%		41.3	%		2	%
MENA		37.0	%		24.0	%		2	%
Storage Solutions		18.5	%		39.7	%		2	%

Schedule of Intangible Assets

Our other intangible assets associated with our reporting segments included in continuing operations as of March 31, 2020 and December 31, 2019, including the weighted-average useful lives as of March 31, 2020, were as follows:

			March 31, 2020							December 31, 2019
	Weighted Average Useful Life		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
	(In years)		(In millions)
Process technologies		10	$	80	$	(15	)	$	65	$	80	$	(13	)	$	67
Trade names		10		121		(26	)		95		125		(22	)		103
Customer relationships		5		14		(9	)		5		14		(8	)		6
Trademarks		10		4		(1	)		3		4		(1	)		3
Total⁽¹⁾			$	219	$	(51	)	$	168	$	223	$	(44	)	$	179

⁽¹⁾

Amortization expense is anticipated to be $24 million, $27 million, $20 million, $19 million and $19 million for the remainder of 2020, 2021, 2022, 2023 and 2024, respectively.

Our project-related intangibles as of March 31, 2020 and December 31, 2019, including the weighted-average useful lives as of March 31, 2020, were as follows:

			March 31, 2020									December 31, 2019
	Weighted Average Useful Life		Gross Carrying Amount			Accumulated Amortization			Net Carrying Amount			Gross Carrying Amount			Accumulated Amortization			Net Carrying Amount
	(In years)		(In millions)
Project-related intangible assets		3	$	166		$	(139	)	$	27		$	166		$	(133	)	$	33
Project-related intangible liabilities		2		(109	)		101			(8	)		(109	)		99			(10	)
Total ⁽¹⁾			$	57		$	(38	)	$	19		$	57		$	(34	)	$	23

⁽¹⁾

Amortization expense is anticipated to be $10 million, $4 million, $3 million and $2 million for the remainder of 2020, 2021, 2022 and 2023, respectively.