Goodwill, Customer Relationships and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 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:

	As of December 31,
	2022(1)		2021(1)
	(Dollars in millions)
Goodwill	$	1,970	6,666
Customer relationships, less accumulated amortization of $3,265 and $2,779	$	4,563	5,325
Capitalized software, less accumulated amortization of $387 and $349	410		378
Trade names, less accumulated amortization of $130 and $109	—		22
Total other intangible assets, net	$	4,973	5,725

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(1)    These values exclude assets classified as held for sale.

Schedule of goodwill

The following table shows the rollforward of goodwill from December 31, 2020 through December 31, 2022:

	(Dollars in millions)
As of December 31, 2020 (1)	$	7,405
Classified as held for sale (2)	(713)
Effect of foreign currency exchange rate changes and other	(26)
As of December 31, 2021 (1)	6,666
Effect of foreign currency exchange rate changes and other	(58)
Impairment	(4,638)
As of December 31, 2022 (1)	$	1,970

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(1)Goodwill at December 31, 2022, December 31, 2021, December 31, 2020 is net of accumulated impairment loss of $8.2 billion, $3.6 billion and $3.7 billion, respectively. The change in accumulated impairment losses at December 31, 2021 is the result of amounts classified as held for sale related to the divestiture of our Latin American business. The change in accumulated impairment losses at December 31, 2022 is partially the result of the impairments discussed above and the result of amounts classified as held for sale related to our planned divestiture of our EMEA business.

(2)Represents the amount of goodwill, net of accumulated impairment loss classified as held for sale related to our Latin American business divestiture. See Note 2—Completed Divestiture of the Latin American Business and Planned Divestiture of European, Middle Eastern and African Business for more information.

Schedule of estimated amortization expense of intangible asset

We estimate that total amortization expense for intangible assets for the years ending 2023 through 2027 will be as provided in the table below. As a result of classifying our EMEA business as being held for sale on our December 31, 2022 consolidated balance sheet, the amounts presented below do not include the future amortization of the intangible assets for the business to be divested. See Note 2—Completed Divestiture of the Latin American Business and Planned Divestiture of European, Middle Eastern and African Business for more information.

	(Dollars in millions)
2023	$	681
2024	677
2025	658
2026	646
2027	600