|
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 |
|
|