Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Intangible Assets (Tables)

v3.22.0.1
Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2021
Goodwill and Other Intangible Assets  
Schedule of changes in the carrying amount of goodwill

Hotels, Media & Platform

Experiences & Dining

Corporate and other

Total

amounts in millions

Balance at January 1, 2020

$

1,923

333

271

2,527

Allocation to new segments (1)

6

-

(6)

-

Impairments (2)

(279)

-

(21)

(300)

Dispositions (3)

-

-

(18)

(18)

Other (4)

-

29

2

31

Balance at December 31, 2020

1,650

362

228

2,240

Other (4)

-

(18)

(2)

(20)

Balance at December 31, 2021

$

1,650

344

226

2,220

(1) Re-allocation of goodwill as a result of changes to reporting units related to Tripadvisor internal restructuring.
(2) TripCo recorded an $18 million goodwill impairment related to a business that was sold in June 2020, and an additional $3 million goodwill impairment during the third quarter of 2020 as a result of strategic decisions made regarding Tripadvisor’s China business. See discussion of the Hotels, Media & Platform reporting unit impairment below.
(3) Dispositions relates to the sale of the aforementioned Tripadvisor business.
(4) Other changes primarily relate to immaterial acquisitions and foreign currency translation on goodwill.
Schedule of intangible assets subject to amortization

December 31, 2021

December 31, 2020

 

    

Weighted

    

    

    

    

    

    

 

Average

Gross

Net

Gross

Net

 

Remaining

carrying

Accumulated

carrying

carrying

Accumulated

carrying

 

Useful Life

amount

amortization

amount

amount

amortization

amount

 

in years

amounts in millions

 

Customer relationships

 

1

$

1,046

(1,030)

16

 

1,059

(992)

67

Other

 

3

616

(499)

117

 

589

(454)

135

Total

 

$

1,662

(1,529)

133

 

1,648

(1,446)

202

Schedule of future amortization expense

Intangible assets are generally amortized on a straight-line basis. The estimated future amortization expense for the next five years related to intangible assets with definite lives as of December 31, 2021 is as follows (amounts in millions):

2022

$

32

2023

$

29

2024

$

26

2025

$

23

2026

$

21