v3.20.2
Intangible Assets
6 Months Ended
Jun. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets

Note 3 – Intangible Assets

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

 

 

 

June 30, 2020

 

 

December 31, 2019

 

 

 

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

 

 

$

(92

)

 

$

 

 

$

199

 

 

$

291

 

 

$

(72

)

 

$

1

 

 

$

220

 

Trade names

 

 

3

 

 

 

(1

)

 

 

 

 

 

2

 

 

 

3

 

 

 

(1

)

 

 

1

 

 

 

3

 

Favorable contracts and

   leases, net

 

 

113

 

 

 

(28

)

 

 

 

 

 

85

 

 

 

113

 

 

 

(24

)

 

 

 

 

 

89

 

Other

 

 

38

 

 

 

(17

)

 

 

 

 

 

21

 

 

 

38

 

 

 

(16

)

 

 

 

 

 

22

 

Total finite-lived

   intangible assets

 

 

445

 

 

 

(138

)

 

 

 

 

 

307

 

 

 

445

 

 

 

(113

)

 

 

2

 

 

 

334

 

Indefinite-lived

   intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gigafactory Nevada

   water rights

 

 

5

 

 

 

 

 

 

 

 

 

5

 

 

 

5

 

 

 

 

 

 

 

 

 

5

 

Total intangible assets

 

$

450

 

 

$

(138

)

 

$

 

 

$

312

 

 

$

450

 

 

$

(113

)

 

$

2

 

 

$

339

 

 

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

 

Six months ending December 31, 2020

 

 

$

25

 

2021

 

 

 

49

 

2022

 

 

 

48

 

2023

 

 

 

42

 

2024

 

 

 

27

 

Thereafter

 

 

 

116

 

Total

 

 

$

307