XML 43 R31.htm IDEA: XBRL DOCUMENT v3.25.2
Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 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 other104 35 13 — 152 
Balance as of June 30, 2025$4,573$1,531$271$58$6,433
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)June 30, 2025December 31, 2024
Customer related $1,354 $1,319 
Patents208 207 
Other technology-based
379 371 
Definite-lived tradenames
482 487 
Other47 47 
Total gross carrying amount
2,470 2,431 
Accumulated amortization — customer related(999)(935)
Accumulated amortization — patents(208)(207)
Accumulated amortization — other technology-based(343)(328)
Accumulated amortization — definite-lived tradenames(307)(300)
Accumulated amortization — other(30)(30)
Total accumulated amortization(1,887)(1,800)
Total finite-lived intangible assets — net583 631 
Indefinite lived intangible assets (primarily tradenames)
579 579 
Total intangible assets — net$1,162 $1,210 
Schedule of Amortization Expense for Acquired Intangible Assets
Amortization expense follows:
Three months ended June 30,Six months ended June 30,
(Millions)2025202420252024
Amortization expense $26 $27 $52 $54 
Schedule of Expected Amortization Expense for Acquired Amortizable Intangible Assets
Expected amortization expense for acquired amortizable intangible assets recorded as of June 30, 2025 follows:
(Millions)
Remainder of 2025
20262027202820292030
After 2030
Amortization expense$52 $105 $85 $59 $57 $57 $168