Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.10.0.1
Intangible Assets
9 Months Ended
Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
Intangible Assets
Intangible assets consisted of:
 
As of September 30, 2018
 
As of December 31, 2017
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
Unamortized Intangible Assets:
 
 
 
 
 
 
 
 
 
 
 
Goodwill
$
1,513

 
 
 
 
 
$
423

 
 
 
 
Trademarks
$
1,441

 
 
 
 
 
$
683

 
 
 
 
Amortized Intangible Assets:
 
 
 
 
 
 
 
 
 
 
 
Franchise agreements
$
863

 
$
427

 
$
436

 
$
640

 
$
417

 
$
223

Management agreements
157

 
11

 
146

 
33

 
8

 
25

Trademarks
5

 
1

 
4

 
10

 
1

 
9

Other
6

 
3

 
3

 
6

 
3

 
3

 
$
1,031

 
$
442

 
$
589

 
$
689

 
$
429


$
260



The changes in the carrying amount of goodwill are as follows:
 
Balance as of December 31, 2017
 
Goodwill Acquired During 2018
 
Adjustments to Goodwill
 
Balance as of September 30, 2018
 
 
 
 
 
 
 
 
Hotel Franchising
$
385

 
$
1,027

 
$
(4
)
 
$
1,408

Hotel Management
38

 
67

 

 
105

Total
$
423


$
1,094

 
$
(4
)

$
1,513



Amortization expense relating to amortizable intangible assets was as follows:
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2018
 
2017
 
2018
 
2017
Franchise agreements
$
6

 
$
4

 
$
15

 
$
11

Management agreements
3

 
1

 
5

 
2

Other
1

 

 
2

 
2

Total *
$
10

 
$
5

 
$
22

 
$
15

 
*    Included as a component of depreciation and amortization on the Condensed Consolidated and Combined Statements of Income.