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Goodwill and Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | Changes in our goodwill balances for the year ended December 31, 2023 were as follows:
(dollars in millions) | Balance as of December 31, 2022 |  | Acquisitions and Divestitures |  | Foreign currency translation and other |  | Balance as of December 31, 2023 |  |
Collins Aerospace | $ | 32,846 |  |  | $ | (3) |  |  | $ | 292 |  |  | $ | 33,135 |  |  |
Pratt & Whitney | 1,563 |  |  | — |  |  | — |  |  | 1,563 |  |  |
Raytheon (1) | 19,414 |  |  | (430) |  |  | — |  |  | 18,984 |  |  |
Total Segments | 53,823 |  |  | (433) |  |  | 292 |  |  | 53,682 |  |  |
Eliminations and other | 17 |  |  | — |  |  | — |  |  | 17 |  |  |
Total | $ | 53,840 |  |  | $ | (433) |  |  | $ | 292 |  |  | $ | 53,699 |  |  |
(1) The $430 million reduction in Acquisition and Divestitures reflects the reclassification of goodwill to held for sale assets as a result of our definitive agreement to sell our CIS business. See “Note 2: Acquisitions and Dispositions” for additional information.
Schedule of Finite-Lived Intangible Assets | Identifiable intangible assets are comprised of the following:
| 2023 |  | 2022
(dollars in millions) | Gross Amount |  | Accumulated Amortization |  | Gross Amount |  | Accumulated Amortization
Amortized: |  |  |  |  |  |  |
Collaboration assets | $ | 5,810 |  |  | $ | (1,688) |  |  | $ | 5,536 |  |  | $ | (1,408) |
Exclusivity assets | 3,460 |  |  | (352) |  |  | 2,911 |  |  | (323) |
Developed technology and other | 1,219 |  |  | (635) |  |  | 1,202 |  |  | (544) |
Customer relationships | 29,605 |  |  | (10,683) |  |  | 29,775 |  |  | (8,967) |
| 40,094 |  |  | (13,358) |  |  | 39,424 |  |  | (11,242) |
Indefinite-lived: |  |  |  |  |  |  |
Trademarks and other | 8,663 |  |  | — |  |  | 8,641 |  |  | — |
Total | $ | 48,757 |  |  | $ | (13,358) |  |  | $ | 48,065 |  |  | $ | (11,242) |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | The following is the expected amortization of intangible assets for 2024 through 2028:
(dollars in millions) | 2024 |  | 2025 |  | 2026 |  | 2027 |  | 2028
Amortization expense | $2,193 |  | $2,079 |  | $2,005 |  | $1,887 |  | $1,811

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