2023

[Table of Contents](#id353055757fb42afb305a023bc295188_7)Intangible Assets, NetFinite-lived intangible assets are as follows:

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Licenses |  | Customer-RelatedIntangibleAssets |  | DevelopedTechnology |  | CovenantsNot toCompeteand Other |  | Total |
|  | (In $ millions) |
| Gross Asset Value |  |  |  |  |  |  |  |  |  |
| As of December 31, 2021 | 45  |  |  | 996  |  |  | 45  |  |  | 55  |  |  | 1,141  |  |
|  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |
| Exchange rate changes | (2) |  |  | (57) |  |  | (1) |  |  | —  |  |  | (60) |  |
| As of June 30, 2022 | 43  |  |  | 939  |  |  | 44  |  |  | 55  |  |  | 1,081  |  |
| Accumulated Amortization |  |  |  |  |  |  |  |  |  |
| As of December 31, 2021 | (41) |  |  | (543) |  |  | (42) |  |  | (39) |  |  | (665) |  |
| Amortization | (2) |  |  | (19) |  |  | (1) |  |  | —  |  |  | (22) |  |
| Exchange rate changes | 3  |  |  | 32  |  |  | 1  |  |  | —  |  |  | 36  |  |
| As of June 30, 2022 | (40) |  |  | (530) |  |  | (42) |  |  | (39) |  |  | (651) |  |
| Net book value | 3  |  |  | 409  |  |  | 2  |  |  | 16  |  |  | 430  |  |

Indefinite-lived intangible assets are as follows:

|  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |
|  | Trademarksand Trade Names |  |
|  | (In $ millions) |  |
| As of December 31, 2021 | 259  |  |  |
|  |  |  |
|  |  |  |
| Exchange rate changes | (14) |  |  |
| As of June 30, 2022 | 245  |  |  |
|  |  |  |
|  |  |  |
|  |  |  |
|  |  |  |
|  |  |  |
|  |  |  |

During the six months ended June 30, 2022, the Company did not renew or extend any intangible assets.Estimated amortization expense for the succeeding five fiscal years is as follows:

|  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |
|  | (In $ millions) |
| 2023 | 40  |  |
| 2024 | 39  |  |
| 2025 | 39  |  |
| 2026 | 39  |  |
| 2027 | 39  |  |

12
