XML 60 R42.htm IDEA: XBRL DOCUMENT v3.25.0.1
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill The change in the carrying amount of goodwill by business segment was as follows:
(Millions)Safety and IndustrialTransportation and ElectronicsConsumer
Corporate and Unallocated and Other
Total Company
Balance as of December 31, 2022$4,509$1,501$265$62$6,337
Divestiture activity———(4)(4)
Translation and other33115—49
Balance as of December 31, 20234,5421,512270586,382
Translation and other(73)(16)(12)— (101)
Balance as of December 31, 2024$4,469$1,496$258$58$6,281
Schedule of Acquired Intangible Assets The carrying amount and accumulated amortization of acquired finite-lived intangible assets, in addition to the balance of non-amortizable intangible assets follow:
December 31,
(Millions)20242023
Customer related (original lives largely 11 to 19 years)
$1,319 $1,337 
Patents (original lives largely 9 to 13 years)
207 225 
Other technology-based (original lives largely 6 to 20 years)
371 375 
Definite-lived tradenames (original lives largely 6 to 20 years)
487 489 
Other (original lives largely 10 years)
47 48 
Total gross carrying amount
2,431 2,474 
Accumulated amortization — customer related(935)(883)
Accumulated amortization — patents (207)(224)
Accumulated amortization — other technology-based(328)(317)
Accumulated amortization — definite-lived tradenames(300)(276)
Accumulated amortization — other (30)(31)
Total accumulated amortization (1,800)(1,731)
Total finite-lived intangible assets — net 631 743 
Indefinite lived intangible assets (primarily tradenames)
579 580 
Total intangible assets — net$1,210 $1,323 
Schedule of Amortization Expense for Acquired Intangible Assets
Amortization expense follows:
Year ended December 31,
(Millions)202420232022
Amortization expense $108 $127 $125 
Schedule of Expected Amortization Expense for Acquired Amortizable Intangible Assets
Expected amortization expense for acquired amortizable intangible assets recorded as of December 31, 2024 follows:
(Millions)20252026202720282029
After 2029
Amortization expense$104 $103 $85 $59 $57 $223