Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.10.0.1
Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets and Goodwill
Intangible assets consisted of:
 
As of June 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
$
1,532

 
 
 
 
 
$
423

 
 
 
 
Trademarks
$
1,442

 
 
 
 
 
$
683

 
 
 
 
Amortized Intangible Assets:
 
 
 
 
 
 
 
 
 
 
 
Franchise agreements
$
832

 
$
420

 
$
412

 
$
640

 
$
417

 
$
223

Management agreements
165

 
8

 
157

 
33

 
8

 
25

Trademarks
10

 
1

 
9

 
10

 
1

 
9

Other
6

 
4

 
2

 
6

 
3

 
3

 
$
1,013

 
$
433

 
$
580

 
$
689

 
$
429


$
260

Change in Goodwill
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 June 30, 2018
 
 
 
 
 
 
 
 
Hotel Franchising
$
385

 
$
1,041

 
$
(4
)
 
$
1,422

Hotel Management
38

 
72

 
—

 
110

Total
$
423


$
1,113

 
$
(4
)

$
1,532

Amortization Expense of Amortizable Intangible Assets
Amortization expense relating to amortizable intangible assets was as follows:
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2018
 
2017
 
2018
 
2017
Franchise agreements
$
5

 
$
4

 
$
9

 
$
8

Management agreements
1

 
1

 
2

 
1

Other
1

 
—

 
1

 
1

Total *
$
7

 
$
5

 
$
12

 
$
10

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