v3.22.4
Acquisitions, Goodwill, and Intangible Assets
 12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Acquisitions, Goodwill, and Intangible Assets Acquisitions, Goodwill, and Intangible AssetsDuring the year ended December 31, 2022, we completed several business combinations with total cash consideration transferred of $1.23 billion, which in aggregate was allocated to $317 million of intangible assets, $1.14 billion of goodwill, and $223 million of net liabilities assumed. Goodwill generated from all business acquisitions completed was primarily attributable to expected synergies and potential monetization opportunities. The amount of goodwill generated that was deductible for tax purposes was not material. Acquisition-related costs were immaterial and were expensed as incurred. Pro forma historical results of operations related to these business acquisitions have not been presented because they are not significant to our consolidated financial statements, either individually or in aggregate. We have included the financial results of these acquired businesses in our consolidated financial statements from their respective dates of acquisition.
Changes in the carrying amount of goodwill by reportable segment for the years ended December 31, 2022 and 2021 are as follows (in millions):
Family of AppsReality LabsTotal
Goodwill at December 31, 2020$19,050 
Acquisitions210 
Adjustments/transfer(191)
Effect of currency translation adjustment(4)
Segment allocation in the fourth quarter of 2021 (1)
$18,455 $610 19,065 
Acquisitions in the fourth quarter of 2021— 128 128 
Effect of currency translation adjustment3 1 4 
Goodwill at December 31, 202118,458 739 19,197 
Acquisitions773 364 1,137 
Adjustments19 (47)(28)
Goodwill at December 31, 2022$19,250 $1,056 $20,306 
_________________________
(1)Represents reallocation of goodwill as a result of our change in segments in the fourth quarter of 2021. See Note 17 — Segment and Geographical Information for further details.

The following table sets forth the major categories of the intangible assets and the weighted-average remaining useful lives for those assets that are not already fully amortized (in millions):
December 31, 2022December 31, 2021
Weighted-Average Remaining Useful Lives
 (in years)		Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Acquired technology5.2$507 $(144)$363 $1,412 $(1,169)$243 
Acquired patents3.0380 (289)91 827 (722)105 
Trade names3.711 (3)8 644 (633)11 
Other8.975 (22)53 176 (167)9 
Total finite-lived assets973 (458)515 3,059 (2,691)368 
Total indefinite-lived assetsN/A382 — 382 266 — 266 
Total intangible assets$1,355 $(458)$897 $3,325 $(2,691)$634 

Amortization expense of intangible assets for the years ended December 31, 2022, 2021, and 2020 was $185 million, $407 million, and $473 million, respectively.

As of December 31, 2022, expected amortization expense for the unamortized finite-lived intangible assets for the next five years and thereafter is as follows (in millions):
2023$153 
2024126 
202583 
202644 
202727 
Thereafter82 
Total$515