| GOODWILL AND OTHER INTANGIBLE ASSETS |
NOTE 9. GOODWILL AND OTHER INTANGIBLE ASSETS
The following table summarizes the changes in the carrying amount of goodwill for the years ended December 31, 2025 and 2024:
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| In millions |
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Components |
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Accelera |
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Distribution |
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Power Systems |
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Engine |
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Total |
| Balance at December 31, 2023 |
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$ |
1,884 |
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$ |
496 |
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$ |
83 |
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$ |
11 |
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$ |
25 |
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$ |
2,499 |
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| Acquisitions |
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2 |
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— |
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— |
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33 |
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— |
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35 |
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| Foreign currency translation and other |
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(48) |
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(2) |
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— |
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— |
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— |
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(50) |
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Divestiture (1)
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(114) |
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— |
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— |
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— |
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— |
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(114) |
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| Balance at December 31, 2024 |
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1,724 |
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494 |
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83 |
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44 |
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25 |
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2,370 |
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| Acquisitions |
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—
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—
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—
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—
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9
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9
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| Foreign currency translation and other |
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50
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4
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—
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1
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—
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55
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Impairment (2)
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—
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(210) |
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—
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—
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—
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(210) |
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| Balance at December 31, 2025 |
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$ |
1,774
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$ |
288
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$ |
83
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$ |
45
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$ |
34
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$ |
2,224
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(1) See NOTE 21, “ATMUS DIVESTITURE,” for additional information.
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(2) See NOTE 22, “ACCELERA ACTIONS,” for additional information.
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Intangible assets that have finite useful lives are amortized over their estimated useful lives. The following table summarizes our other intangible assets:
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December 31, |
| In millions |
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2025 |
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2024 |
| Amortizable intangible assets |
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| Software |
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$ |
924
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$ |
793 |
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| Less: Accumulated amortization |
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(469) |
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(372) |
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| Software, net |
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455
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421 |
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| Trademarks, patents, customer relationships and other |
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2,718
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2,685 |
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| Less: Accumulated amortization |
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(1,028) |
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(819) |
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| Trademarks, patents, customer relationships and other, net |
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1,690
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1,866 |
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| Unamortizable other intangible assets |
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22
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64 |
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| Other intangible assets, net |
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$ |
2,167
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$ |
2,351 |
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Amortization expense for software and other intangibles totaled $323 million, $324 million and $324 million for the years ended December 31, 2025, 2024 and 2023, respectively. The projected amortization expense of our intangible assets, assuming no further acquisitions or dispositions, is as follows:
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| In millions |
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2026 |
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2027 |
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2028 |
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2029 |
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2030 |
| Projected amortization expense |
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$ |
312 |
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$ |
303 |
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$ |
280 |
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$ |
246 |
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$ |
204 |
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