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Goodwill and Intangible Assets (Tables)
3 Months Ended
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 IndustrialTransportation and ElectronicsConsumer
Corporate and Other
Total company
Balance as of December 31, 20244,4691,496258586,281
Translation and other38 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, 2025December 31, 2024
Customer related $1,331 $1,319 
Patents208 207 
Other technology-based
373 371 
Definite-lived tradenames
481 487 
Other47 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 — net606 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)20252024
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
20262027202820292030
After 2030
Amortization expense$78 $104 $85 $59 $57 $56 $167