|
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, 2021 |
Ìý |
Ìý |
December 31, 2020 |
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 |
$ |
471 |
Ìý |
Ìý |
$ |
254 |
Ìý |
Ìý |
$ |
217 |
Ìý |
Ìý |
$ |
316 |
Ìý |
Ìý |
$ |
237 |
Ìý |
Ìý |
$ |
79 |
Ìý |
| Licenses and other agreements |
Ìý |
Ìý |
322 |
Ìý |
Ìý |
Ìý |
86 |
Ìý |
Ìý |
Ìý |
236 |
Ìý |
Ìý |
Ìý |
143 |
Ìý |
Ìý |
Ìý |
63 |
Ìý |
Ìý |
Ìý |
80 |
Ìý |
| Other intangibles(1) |
Ìý |
Ìý |
67 |
Ìý |
Ìý |
Ìý |
51 |
Ìý |
Ìý |
Ìý |
16 |
Ìý |
Ìý |
Ìý |
349 |
Ìý |
Ìý |
Ìý |
55 |
Ìý |
Ìý |
Ìý |
294 |
Ìý |
| Total |
Ìý |
$ |
860 |
Ìý |
Ìý |
$ |
391 |
Ìý |
Ìý |
$ |
469 |
Ìý |
Ìý |
$ |
808 |
Ìý |
Ìý |
$ |
355 |
Ìý |
Ìý |
$ |
453 |
Ìý |
Ìý
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International
Ìý
| Ìý |
Ìý |
December 31, 2021 |
Ìý |
Ìý |
December 31, 2020 |
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 |
$ |
471 |
Ìý |
Ìý |
$ |
254 |
Ìý |
Ìý |
$ |
217 |
Ìý |
Ìý |
$ |
316 |
Ìý |
Ìý |
$ |
237 |
Ìý |
Ìý |
$ |
79 |
Ìý |
| Licenses and other agreements |
Ìý |
Ìý |
322 |
Ìý |
Ìý |
Ìý |
86 |
Ìý |
Ìý |
Ìý |
236 |
Ìý |
Ìý |
Ìý |
143 |
Ìý |
Ìý |
Ìý |
63 |
Ìý |
Ìý |
Ìý |
80 |
Ìý |
| Other intangibles(1) |
Ìý |
Ìý |
75 |
Ìý |
Ìý |
Ìý |
59 |
Ìý |
Ìý |
Ìý |
16 |
Ìý |
Ìý |
Ìý |
357 |
Ìý |
Ìý |
Ìý |
63 |
Ìý |
Ìý |
Ìý |
294 |
Ìý |
| Total |
Ìý |
$ |
868 |
Ìý |
Ìý |
$ |
399 |
Ìý |
Ìý |
$ |
469 |
Ìý |
Ìý |
$ |
816 |
Ìý |
Ìý |
$ |
363 |
Ìý |
Ìý |
$ |
453 |
Ìý |
| Ìý |
(1) |
ÌýIncludes provisional intangible asset fair values related to the CVC Thermoset Specialties Acquisition and the Icynene-Lapolla Acquisition for the 2020 period. For more information, see “Note 3. Business Combinations and Acquisitions." |
Ìý
Amortization expense for ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation and ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International was $40 million, $33Ìýmillion and $16Ìýmillion for the years ended December 31, 2021, 2020 and 2019, respectively.
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 |
| 2022 |
Ìý |
$ |
41 |
Ìý |
| 2023 |
Ìý |
Ìý |
41 |
Ìý |
| 2024 |
Ìý |
Ìý |
41 |
Ìý |
| 2025 |
Ìý |
Ìý |
40 |
Ìý |
| 2026 |
Ìý |
Ìý |
36 |
Ìý |
Ìý
Ìý
|