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10. INTANGIBLE ASSETS
Ìý
The gross carrying amount and accumulated amortization of intangible assets were as follows (dollars in millions):
Ìý
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation
Ìý
| Ìý |
Ìý |
December 31, 2020 |
Ìý |
Ìý |
December 31, 2019 |
Ìý |
| Ìý |
Ìý |
Carrying |
Ìý |
Ìý |
Accumulated |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Carrying |
Ìý |
Ìý |
Accumulated |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
| Ìý |
Ìý |
Amount |
Ìý |
Ìý |
Amortization |
Ìý |
Ìý |
Net |
Ìý |
Ìý |
Amount |
Ìý |
Ìý |
Amortization |
Ìý |
Ìý |
Net |
Ìý |
| Patents, trademarks and technology |
Ìý |
$ |
316 |
Ìý |
Ìý |
$ |
237 |
Ìý |
Ìý |
$ |
79 |
Ìý |
Ìý |
$ |
314 |
Ìý |
Ìý |
$ |
230 |
Ìý |
Ìý |
$ |
84 |
Ìý |
| Licenses and other agreements |
Ìý |
Ìý |
140 |
Ìý |
Ìý |
Ìý |
61 |
Ìý |
Ìý |
Ìý |
79 |
Ìý |
Ìý |
Ìý |
140 |
Ìý |
Ìý |
Ìý |
48 |
Ìý |
Ìý |
Ìý |
92 |
Ìý |
| Non-compete agreements |
Ìý |
Ìý |
3 |
Ìý |
Ìý |
Ìý |
2 |
Ìý |
Ìý |
Ìý |
1 |
Ìý |
Ìý |
Ìý |
3 |
Ìý |
Ìý |
Ìý |
2 |
Ìý |
Ìý |
Ìý |
1 |
Ìý |
| Other intangibles(1) |
Ìý |
Ìý |
349 |
Ìý |
Ìý |
Ìý |
55 |
Ìý |
Ìý |
Ìý |
294 |
Ìý |
Ìý |
Ìý |
61 |
Ìý |
Ìý |
Ìý |
41 |
Ìý |
Ìý |
Ìý |
20 |
Ìý |
| Total |
Ìý |
$ |
808 |
Ìý |
Ìý |
$ |
355 |
Ìý |
Ìý |
$ |
453 |
Ìý |
Ìý |
$ |
518 |
Ìý |
Ìý |
$ |
321 |
Ìý |
Ìý |
$ |
197 |
Ìý |
Ìý
Amortization expense was $33Ìýmillion, $16 million and $6Ìýmillion for the years ended December 31, 2020, 2019 and 2018, respectively.
Ìý
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International
Ìý
| Ìý |
Ìý |
December 31, 2020 |
Ìý |
Ìý |
December 31, 2019 |
Ìý |
| Ìý |
Ìý |
Carrying |
Ìý |
Ìý |
Accumulated |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Carrying |
Ìý |
Ìý |
Accumulated |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
| Ìý |
Ìý |
Amount |
Ìý |
Ìý |
Amortization |
Ìý |
Ìý |
Net |
Ìý |
Ìý |
Amount |
Ìý |
Ìý |
Amortization |
Ìý |
Ìý |
Net |
Ìý |
| Patents, trademarks and technology |
Ìý |
$ |
316 |
Ìý |
Ìý |
$ |
237 |
Ìý |
Ìý |
$ |
79 |
Ìý |
Ìý |
$ |
314 |
Ìý |
Ìý |
$ |
230 |
Ìý |
Ìý |
$ |
84 |
Ìý |
| Licenses and other agreements |
Ìý |
Ìý |
140 |
Ìý |
Ìý |
Ìý |
61 |
Ìý |
Ìý |
Ìý |
79 |
Ìý |
Ìý |
Ìý |
140 |
Ìý |
Ìý |
Ìý |
48 |
Ìý |
Ìý |
Ìý |
92 |
Ìý |
| Non-compete agreements |
Ìý |
Ìý |
3 |
Ìý |
Ìý |
Ìý |
2 |
Ìý |
Ìý |
Ìý |
1 |
Ìý |
Ìý |
Ìý |
3 |
Ìý |
Ìý |
Ìý |
2 |
Ìý |
Ìý |
Ìý |
1 |
Ìý |
| Other intangibles(1) |
Ìý |
Ìý |
357 |
Ìý |
Ìý |
Ìý |
63 |
Ìý |
Ìý |
Ìý |
294 |
Ìý |
Ìý |
Ìý |
70 |
Ìý |
Ìý |
Ìý |
50 |
Ìý |
Ìý |
Ìý |
20 |
Ìý |
| Total |
Ìý |
$ |
816 |
Ìý |
Ìý |
$ |
363 |
Ìý |
Ìý |
$ |
453 |
Ìý |
Ìý |
$ |
527 |
Ìý |
Ìý |
$ |
330 |
Ìý |
Ìý |
$ |
197 |
Ìý |
Ìý
Amortization expense was $33Ìýmillion, $16Ìýmillion and $6Ìýmillion for the years ended December 31, 2020, 2019 and 2018, respectively.
| Ìý |
(1) |
ÌýIncludes provisional intangible asset fair values related to the CVC Thermoset Specialties Acquisition and the Icynene-Lapolla Acquisition. For more information, see “Note 3. Business Combinations and Acquisitions." |
Ìý
Our and ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International’s estimated future amortization expense for intangible assets over the next five years is as follows (dollars in millions):
Ìý
| Year ending December 31, |
Ìý |
Ìý |
Ìý |
Ìý |
| 2021 |
Ìý |
$ |
30 |
Ìý |
| 2022 |
Ìý |
Ìý |
34 |
Ìý |
| 2023 |
Ìý |
Ìý |
34 |
Ìý |
| 2024 |
Ìý |
Ìý |
34 |
Ìý |
| 2025 |
Ìý |
Ìý |
34 |
Ìý |
Ìý
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