Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Intangible Assets (Tables)

v3.24.0.1
Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2023
Goodwill and Other Intangible Assets  
Schedule of changes in the carrying amount of goodwill

Hotels, Media & Platform

Experiences & Dining

Corporate and other

Brand Tripadvisor

Viator

TheFork

Total

amounts in millions

Balance at December 31, 2021

$

1,650

344

226

2,220

Foreign currency translation adjustments

(18)

(4)

(1)

3

(20)

Allocation to new segment (1)

(1,650)

(326)

(222)

1,977

120

101

Balance at December 31, 2022

$

1,977

119

104

2,200

Foreign currency translation adjustments

2

1

4

7

Impairments (2)

(820)

(820)

Balance at December 31, 2023

$

1,159

120

108

1,387

(1) As a result of the change in reportable segments in Q2 2022, goodwill was reallocated to the new reporting units.
(2) See discussion regarding impairment of goodwill below.
Schedule of intangible assets subject to amortization

December 31, 2023

December 31, 2022

 

    

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

 

4

$

1,038

(1,030)

8

 

1,036

(1,027)

9

Other

 

3

701

(593)

108

 

636

(533)

103

Total

 

$

1,739

(1,623)

116

 

1,672

(1,560)

112

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, 2023 is as follows (amounts in millions):

2024

$

27

2025

$

24

2026

$

22

2027

$

22

2028

$

21