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Intangible Assets and Goodwill (Tables)
 3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Intangible assets
Intangible assets were comprised of the following:
 
 March 31, 2025
(Millions of dollars)Gross
Carrying
Amount		Accumulated
Amortization		Net
Customer relationships$2,207 $(1,971)$236 
Intellectual property492 (399)93 
Other117 (85)32 
Total finite-lived intangible assets$2,816 $(2,455)$361 

 December 31, 2024
Gross
Carrying
Amount		Accumulated
Amortization		Net
Customer relationships$2,220 $(1,950)$270 
Intellectual property496 (401)95 
Other117 (83)34 
Total finite-lived intangible assets$2,833 $(2,434)$399 
Summary of expected amortization expense related to intangible assets Amortization expense related to intangible assets is expected to be:
(Millions of dollars)
Remaining Nine Months of 20252026202720282029Thereafter
$123$97$34$27$24$56
Summary of Goodwill acquired
The changes in carrying amount of goodwill by reportable segment for the three months ended March 31, 2025 were as follows: 

(Millions of dollars)December 31,
2024
Other Adjustments 1
March 31,
2025
Construction Industries
Goodwill$261 $6 $267 
Impairments(22)— (22)
Net goodwill239 6 245 
Resource Industries
Goodwill4,124 9 4,133 
Impairments(1,175)— (1,175)
Net goodwill2,949 9 2,958 
Energy & Transportation
Goodwill2,939 12 2,951 
Impairments(925)— (925)
Net goodwill2,014 12 2,026 
All Other 2
Goodwill39 2 41 
Consolidated total
Goodwill7,363 29 7,392 
Impairments(2,122)— (2,122)
Net goodwill$5,241 $29 $5,270 

1 Other adjustments are comprised primarily of foreign currency translation.
2 Includes All Other Segment (See Note 16).