Goodwill, Customer Relationships and Other Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill, customer relationships and other intangible assets

Goodwill, customer relationships and other intangible assets consisted of the following:

	September 30, 2022		December 31, 2021
	(Dollars in millions)
Goodwill	$	6,598	6,666
Customer relationships, less accumulated amortization of $3,245 and $2,779	$	4,804	5,325
Capitalized software, less accumulated amortization of $380 and $349	412		378
Trade names, less accumulated amortization of $129 and $109	2		22
Total other intangible assets, net	$	5,218	5,725

Schedule of goodwill

The following table shows the rollforward of goodwill from December 31, 2021 through September 30, 2022:

	(Dollars in millions)
As of December 31, 2021 (1)	$	6,666
Effect of foreign currency exchange rate changes	(68)
As of September 30, 2022 (1)	$	6,598

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(1)Goodwill at September 30, 2022 and December 31, 2021 is net of accumulated impairment loss of $3.6 billion.

Schedule of estimated amortization expense for intangible assets

We estimate that total amortization expense for intangible assets for the years ending December 31, 2022 through 2026 will be as provided in the table below.

	(Dollars in millions)
2022 (remaining three months)	$	182
2023	718
2024	714
2025	689
2026	646