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Goodwill and Intangible Assets (Tables) | 3 Months Ended
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Mar. 31, 2025
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 Industrial |  | Transportation and Electronics |  | Consumer |  | Corporate and Other |  | Total company
Balance as of December 31, 2024 |  | 4,469 |  | 1,496 |  | 258 |  | 58 |  | 6,281
Translation and other |  | 38 |  |  | 12 |  |  | 6 |  |  | — |  |  | 56 |
Balance as of March 31, 2025 |  | $ | 4,507 |  | $ | 1,508 |  | $ | 264 |  | $ | 58 |  | $ | 6,337
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:
(Millions) |  |  | March 31, 2025 |  | December 31, 2024
Customer related |  |  | $ | 1,331 |  |  | $ | 1,319 |
Patents |  |  | 208 |  |  | 207 |
Other technology-based |  |  | 373 |  |  | 371 |
Definite-lived tradenames |  |  | 481 |  |  | 487 |
Other |  |  | 47 |  |  | 47 |
Total gross carrying amount |  |  | 2,440 |  |  | 2,431 |
Accumulated amortization — customer related |  |  | (963) |  |  | (935) |
Accumulated amortization — patents |  |  | (208) |  |  | (207) |
Accumulated amortization — other technology-based |  |  | (333) |  |  | (328) |
Accumulated amortization — definite-lived tradenames |  |  | (300) |  |  | (300) |
Accumulated amortization — other |  |  | (30) |  |  | (30) |
Total accumulated amortization |  |  | (1,834) |  |  | (1,800) |
Total finite-lived intangible assets — net |  |  | 606 |  |  | 631 |
Indefinite lived intangible assets (primarily tradenames) |  |  | 579 |  |  | 579 |
Total intangible assets — net |  |  | $ | 1,185 |  |  | $ | 1,210 |
Schedule of Amortization Expense for Acquired Intangible Assets | Amortization expense follows:
|  | Three months ended March 31, |  |  |
(Millions) |  | 2025 |  | 2024 |  |  |  |  |  |
Amortization expense |  | $ | 26 |  |  | $ | 27 |  |  |  |  |  |  |
Schedule of Expected Amortization Expense for Acquired Amortizable Intangible Assets | Expected amortization expense for acquired amortizable intangible assets recorded as of March 31, 2025 follows:
(Millions) |  | Remainder of 2025 |  | 2026 |  | 2027 |  | 2028 |  | 2029 |  | 2030 |  | After 2030
Amortization expense |  | $ | 78 |  |  | $ | 104 |  |  | $ | 85 |  |  | $ | 59 |  |  | $ | 57 |  |  | $ | 56 |  |  | $ | 167 |

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