v3.19.3.a.u2
Goodwill and Intangible Assets
12 Months Ended
Dec. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets

Note 4 – Goodwill and Intangible Assets

Goodwill increased $130 million from $68 million as of December 31, 2018 to $198 million as of December 31, 2019 primarily due to completed business combinations during the year ended December 31, 2019 (see Note 3, Business Combinations). There were no accumulated impairment losses as of December 31, 2019 and 2018.

Information regarding our intangible assets including assets recognized from our acquisitions was as follows (in millions):

 

 

 

December 31, 2019

 

 

December 31, 2018

 

 

 

Gross Carrying

Amount

 

 

Accumulated

Amortization

 

 

Other

 

 

Net Carrying

Amount

 

 

Gross Carrying

Amount

 

 

Accumulated

Amortization

 

 

Other

 

 

Net Carrying

Amount

 

Finite-lived

   intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

$

291

 

 

$

(72

)

 

$

1

 

 

$

220

 

 

$

152

 

 

$

(40

)

 

$

1

 

 

$

113

 

Trade names

 

 

3

 

 

 

(1

)

 

 

1

 

 

 

3

 

 

 

45

 

 

 

(44

)

 

 

 

 

 

1

 

Favorable contracts and

   leases, net

 

 

113

 

 

 

(24

)

 

 

 

 

 

89

 

 

 

113

 

 

 

(17

)

 

 

 

 

 

96

 

Other

 

 

38

 

 

 

(16

)

 

 

 

 

 

22

 

 

 

36

 

 

 

(12

)

 

 

1

 

 

 

25

 

Total finite-lived

   intangible assets

 

 

445

 

 

 

(113

)

 

 

2

 

 

 

334

 

 

 

346

 

 

 

(113

)

 

 

2

 

 

 

235

 

Indefinite-lived

   intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gigafactory Nevada

   water rights

 

 

5

 

 

 

 

 

 

 

 

 

5

 

 

 

 

 

 

 

 

 

 

 

 

 

In-process research

   and development

   (“IPR&D”)

 

 

60

 

 

 

 

 

 

(60

)

 

 

 

 

 

60

 

 

 

 

 

 

(13

)

 

 

47

 

Total indefinite-lived

   intangible assets

 

 

65

 

 

 

 

 

 

(60

)

 

 

5

 

 

 

60

 

 

 

 

 

 

(13

)

 

 

47

 

Total intangible assets

 

$

510

 

 

$

(113

)

 

$

(58

)

 

$

339

 

 

$

406

 

 

$

(113

)

 

$

(11

)

 

$

282

 

 

During 2019, the Company determined to abandon further development efforts on the IPR&D and therefore impaired the remaining $47 million in restructuring and other expenses in the consolidated statement of operations. Amortization expense during the years ended December 31, 2019, 2018 and 2017 was $44 million, $66 million and $40 million, respectively.

Total future amortization expense for finite-lived intangible assets was estimated as follows (in millions):

 

2020

 

$

50

 

2021

 

 

49

 

2022

 

 

48

 

2023

 

 

42

 

2024

 

 

27

 

Thereafter

 

 

118

 

Total

 

$

334