v3.25.0.1
Goodwill and Intangible Assets, Net (Tables)
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Changes in Goodwill

The following table summarizes our goodwill activity by reportable segment for the periods presented:

 

 

 

Brand Tripadvisor

 

 

Viator

 

 

TheFork

 

 

Total

 

 

 

(in millions)

 

Balance as of December 31, 2022

 

$

599

 

 

$

119

 

 

$

104

 

 

$

822

 

Foreign currency translation adjustments

 

 

2

 

 

 

1

 

 

 

4

 

 

 

7

 

Balance as of December 31, 2023

 

$

601

 

 

$

120

 

 

$

108

 

 

$

829

 

Foreign currency translation adjustments

 

 

—

 

 

 

(3

)

 

 

(12

)

 

 

(15

)

Balance as of December 31, 2024

 

$

601

 

 

$

117

 

 

$

96

 

 

$

814

 

There were no goodwill impairment charges recognized on our consolidated statements of operations during the years ended December 31, 2024, 2023, or 2022. Refer to “Note 2: Significant Accounting Policies” for discussion regarding the Company’s 2024 goodwill impairment assessment. As of both December 31, 2024 and 2023, accumulated goodwill impairment losses totaled $3 million, which was associated with the Brand Tripadvisor segment.
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

Intangibles

Intangible assets, acquired in business combinations and recorded at fair value on the date of purchase, consisted of the following as of the dates presented:

 

 

 

December 31,

 

 

 

2024

 

 

2023

 

 

 

(in millions)

 

Intangible assets with definite lives

 

$

195

 

 

$

221

 

Less: accumulated amortization

 

 

(189

)

 

 

(208

)

Intangible assets with definite lives, net

 

 

6

 

 

 

13

 

Intangible assets with indefinite lives (1)

 

 

30

 

 

 

30

 

Total

 

$

36

 

 

$

43

 

 

(1)
Indefinite-lived intangible assets include trade names and trademarks for Brand Tripadvisor.
Components of Intangible Assets with Definite Lives

The following table presents the components of our intangible assets with definite lives as of the dates presented:

 

 

 

 

 

 

December 31, 2024

 

 

December 31, 2023

 

 

 

Weighted Average

 

 

Gross

 

 

 

 

 

Net

 

 

Gross

 

 

 

 

 

Net

 

 

 

Remaining Life

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

 

(in years)

 

 

Amount

 

 

Amortization

 

 

Amount

 

 

Amount

 

 

Amortization

 

 

Amount

 

 

 

 

 

 

(in millions)

 

 

(in millions)

 

Trade names and trademarks

 

 

—

 

 

$

44

 

 

$

(44

)

 

$

—

 

 

$

48

 

 

$

(45

)

 

$

3

 

Customer lists and supplier relationships

 

 

2.9

 

 

 

89

 

 

 

(84

)

 

 

5

 

 

 

97

 

 

 

(90

)

 

 

7

 

Subscriber relationships

 

 

—

 

 

 

22

 

 

 

(22

)

 

 

—

 

 

 

34

 

 

 

(33

)

 

 

1

 

Technology and other

 

 

0.9

 

 

 

40

 

 

 

(39

)

 

 

1

 

 

 

42

 

 

 

(40

)

 

 

2

 

Total

 

 

2.5

 

 

$

195

 

 

$

(189

)

 

$

6

 

 

$

221

 

 

$

(208

)

 

$

13

 

 
Summary of Estimated Future Amortization Expense Related to Intangible Assets with Definite Lives

Our definite-lived intangible assets are being amortized on a straight-line basis. The straight-line method of amortization is currently our best estimate, or approximates to date, the distribution of the economic use of these intangible assets.

The estimated amortization expense for intangible assets with definite lives for each of the next five years, and the expense thereafter, assuming no subsequent impairment of the underlying assets or change in estimate of remaining lives, is expected to be as follows (in millions):

 

2025

 

$

3

 

2026

 

 

2

 

2027

 

 

1

 

2028

 

 

—

 

2029

 

 

—

 

2030 and thereafter

 

 

—

 

Total

 

$

6