Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangible Assets

v3.22.2.2
Goodwill and Other Intangible Assets
9 Months Ended
Sep. 30, 2022
Goodwill and Other Intangible Assets  
Goodwill and Other Intangible Assets

(6) Goodwill and Other Intangible Assets

The Company changed its reportable segments in the second quarter of 2022 (see note 11).    Goodwill was allocated to the new reportable segments as indicated in the table below.

Hotels, Media & Platform

Experiences & Dining

Other

Tripadvisor Core

Viator

TheFork

Total

(in millions)

Balance as of December 31, 2021

$

1,650

344

226

2,220

Foreign currency translation adjustments

(18)

(4)

(3)

(3)

(11)

(39)

Allocation to new segment

(1,650)

(326)

(222)

1,977

120

101

Balance at September 30, 2022

$

1,974

117

90

2,181

Following the change in reportable segments, the new reporting units are as follows: (1) Tripadvisor Core, (2) Viator, and (3) TheFork, for the purpose of goodwill impairment testing. As a result of this reporting unit change, we performed a qualitative goodwill impairment assessment of our legacy and current reporting units and determined that it was more likely than not that the respective fair values of the legacy and current reporting units were greater than their respective carrying values.

There were no goodwill impairment charges recognized to our condensed consolidated statements of operations during the three and nine months ended September 30, 2022 and 2021. As of both September 30, 2022 and December 31,

2021, accumulated goodwill impairment losses totaled $1,571 million.