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Acquisitions, Dispositions, Goodwill and Intangible Assets | 6 Months Ended
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Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets Disclosure | Note 2: Acquisitions, Dispositions, Goodwill and Intangible Assets Goodwill. Changes in our goodwill balances for the six months ended June 30, 2023 were as follows:
(dollars in millions) | Balance as of December 31, 2022 |  | Acquisitions and Divestitures |  |  |  | Foreign Currency Translation and Other |  | Balance as of June 30, 2023
Collins Aerospace | $ | 30,719 |  |  | $ | — |  |  |  |  | $ | 282 |  |  | $ | 31,001 |
Pratt & Whitney | 1,563 |  |  | — |  |  |  |  | — |  |  | 1,563 |
Raytheon Intelligence & Space | 9,841 |  |  | — |  |  |  |  | — |  |  | 9,841 |
Raytheon Missiles & Defense | 11,700 |  |  | — |  |  |  |  | — |  |  | 11,700 |
Total Segments | 53,823 |  |  | — |  |  |  |  | 282 |  |  | 54,105 |
Eliminations and other | 17 |  |  | — |  |  |  |  | — |  |  | 17 |
Total | $ | 53,840 |  |  | $ | — |  |  |  |  | $ | 282 |  |  | $ | 54,122 |
Intangible Assets. Identifiable intangible assets are comprised of the following:
| June 30, 2023 |  | December 31, 2022
(dollars in millions) | Gross Amount |  | Accumulated Amortization |  | Gross Amount |  | Accumulated Amortization
Amortized: |  |  |  |  |  |  |
Collaboration assets | $ | 5,663 |  |  | $ | (1,531) |  |  | $ | 5,536 |  |  | $ | (1,408) |
Exclusivity assets | 3,151 |  |  | (343) |  |  | 2,911 |  |  | (323) |
Developed technology and other | 1,220 |  |  | (593) |  |  | 1,202 |  |  | (544) |
Customer relationships | 29,839 |  |  | (9,836) |  |  | 29,775 |  |  | (8,967) |
| 39,873 |  |  | (12,303) |  |  | 39,424 |  |  | (11,242) |
Indefinite-lived: |  |  |  |  |  |  |
Trademarks and other | 8,664 |  |  | — |  |  | 8,641 |  |  | — |
Total | $ | 48,537 |  |  | $ | (12,303) |  |  | $ | 48,065 |  |  | $ | (11,242) |
Amortization of intangible assets for the quarters and six months ended June 30, 2023 and 2022 was $510 million and $1,019 million and $467 million and $954 million, respectively. The following is the expected amortization of intangible assets for the remainder of 2023 through 2028:
(dollars in millions) |  | Remaining 2023 |  | 2024 |  | 2025 |  | 2026 |  | 2027 |  | 2028
Amortization expense |  | $ | 973 |  |  | $ | 2,203 |  |  | $ | 2,089 |  |  | $ | 2,007 |  |  | $ | 1,891 |  |  | $ | 1,776 |
On July 20, 2023, we entered into a definitive agreement to sell our actuation systems portfolio within our Collins segment for approximately $1.8 billion in cash. The closing of the transaction is subject to regulatory approvals and other customary closing conditions.

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