Goodwill and Intangible Assets, Net

6 Months Ended

Jun. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets, Net

Goodwill and Intangible Assets, Net.

Goodwill consists of the following:

	June 30, 2019							December 31, 2018
	Gross Carrying Amount		Accumulated Impairment			Net Carrying Value		Gross Carrying Amount		Accumulated Impairment			Net Carrying Value
	(in millions)
Automotive	$	336	$	(87	)	$	249	$	328	$	(87	)	$	241
Food Packaging	6		—			6		6		—			6
Home Fashion	22		—			22		—		—			—
	$	364	$	(87	)	$	277	$	334	$	(87	)	$	247

Intangible assets, net consists of the following:

	June 30, 2019							December 31, 2018
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Value		Gross Carrying Amount		Accumulated Amortization			Net Carrying Value
	(in millions)
Definite-lived intangible assets:
Customer relationships	$	399	$	(144	)	$	255	$	396	$	(134	)	$	262
Other	287		(139		)	148		316		(139		)	177
	$	686	$	(283	)	$	403	$	712	$	(273	)	$	439
Indefinite-lived intangible assets						$	62						$	62
Intangible assets, net						$	465						$	501

Amortization expense associated with definite-lived intangible assets was $11 million and $12 million for the three months ended June 30, 2019 and 2018, respectively, and $21 million and $24 million for the six months ended June 30, 2019 and 2018, respectively. We utilize the straight-line method of amortization, recognized over the estimated useful lives of the assets.

Acquisitions during the three and six months ended June 30, 2019 were not material individually or in the aggregate. As a result of certain acquisitions, our Automotive segment allocated $8 million to goodwill and $1 million to definite-lived intangible assets in the first quarter of 2019. In addition, as a result of certain acquisitions, our Home Fashion segment allocated $22 million to goodwill in the second quarter of 2019 and our Metals segment allocated $12 million to definite-lived intangible assets, also in the second quarter of 2019.