|
Note 3 – Intangible Assets
Information regarding our intangible assets including assets recognized from our acquisitions was as follows (in millions):
|
|
|
September 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 |
|
$ |
302 |
|
|
$ |
(102 |
) |
|
$ |
1 |
|
|
$ |
201 |
|
|
$ |
291 |
|
|
$ |
(72 |
) |
|
$ |
1 |
|
|
$ |
220 |
|
|
Trade names |
|
|
3 |
|
|
|
(1 |
) |
|
— |
|
|
|
2 |
|
|
|
3 |
|
|
|
(1 |
) |
|
|
1 |
|
|
|
3 |
|
|
Favorable contracts and
leases, net |
|
|
113 |
|
|
|
(30 |
) |
|
— |
|
|
|
83 |
|
|
|
113 |
|
|
|
(24 |
) |
|
|
— |
|
|
|
89 |
|
|
Other |
|
|
38 |
|
|
|
(18 |
) |
|
|
1 |
|
|
|
21 |
|
|
|
38 |
|
|
|
(16 |
) |
|
|
— |
|
|
|
22 |
|
|
Total finite-lived
intangible assets |
|
|
456 |
|
|
|
(151 |
) |
|
|
2 |
|
|
|
307 |
|
|
|
445 |
|
|
|
(113 |
) |
|
|
2 |
|
|
|
334 |
|
|
Indefinite-lived
intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gigafactory Nevada
water rights |
|
|
11 |
|
|
— |
|
|
— |
|
|
|
11 |
|
|
|
5 |
|
|
|
— |
|
|
|
— |
|
|
|
5 |
|
|
Total intangible assets |
|
$ |
467 |
|
|
$ |
(151 |
) |
|
$ |
2 |
|
|
$ |
318 |
|
|
$ |
450 |
|
|
$ |
(113 |
) |
|
$ |
2 |
|
|
$ |
339 |
|
Total future amortization expense for finite-lived intangible assets was estimated as follows (in millions):
|
Three months ending December 31, 2020 |
|
|
$ |
13 |
|
|
2021 |
|
|
|
51 |
|
|
2022 |
|
|
|
50 |
|
|
2023 |
|
|
|
44 |
|
|
2024 |
|
|
|
27 |
|
|
Thereafter |
|
|
|
122 |
|
|
Total |
|
|
$ |
307 |
|
|