Goodwill and Intangible Assets, Net

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets, Net

Goodwill and Intangible Assets, Net

9.  Goodwill and Intangible Assets, Net

Goodwill consists of the following:

	March 31, 2023						December 31, 2022
	Gross				Net		Gross				Net
	Carrying		Accumulated		Carrying		Carrying		Accumulated		Carrying
	Amount		Impairment		Value		Amount		Impairment		Value
	(in millions)
Automotive	$	337	$	(87)	$	250	$	337	$	(87)	$	250
Food Packaging		6		—		6		6		—		6
Home Fashion		22		(3)		19		22		(3)		19
Pharma		13		—		13		13		—		13
	$	378	$	(90)	$	288	$	378	$	(90)	$	288

Intangible assets, net consists of the following:

	March 31, 2023						December 31, 2022
	Gross				Net		Gross				Net
	Carrying		Accumulated		Carrying		Carrying		Accumulated		Carrying
	Amount		Amortization		Value		Amount		Amortization		Value
	(in millions)
Definite-lived intangible assets:
Customer relationships	$	392	$	(217)	$	175	$	393	$	(212)	$	181
Developed technology		254		(69)		185		254		(62)		192
Other		167		(93)		74		167		(90)		77
	$	813	$	(379)	$	434	$	814	$	(364)	$	450
Indefinite-lived intangible assets					$	83					$	83
Intangible assets, net					$	517					$	533

Amortization expense associated with definite-lived intangible assets was $15 million and $14 million for the three months ended March 31, 2023 and 2022, respectively.

We utilize the straight-line method of amortization, recognized over the estimated useful lives of the assets.