v3.22.4
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Intangible Assets and Goodwill Related to Acquisition
The following table summarizes goodwill and intangible assets, net as of December 31, 2022 and 2021:
December 31,
20222021
(in millions)
Intangible assets:
Customer relationships$50 $— 
Developed technology41 9 
Non-compete agreements1 1 
Intangible assets, acquired cost92 10 
Less: accumulated amortization(22)(6)
Intangible assets, net$70 $4 
Goodwill, beginning of year$9 $9 
ADESA Acquisition838 — 
Impairment(847)— 
Goodwill, end of year$— $9 
Schedule of Future Amortization Expense The anticipated annual amortization expense to be recognized in future years as of December 31, 2022 is as follows:
Expected Future Amortization
(in millions)
2023$18 
202418 
202514 
20267 
20275 
Thereafter8 
Total$70