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Goodwill and Intangible Assets | 9 Months Ended
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Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Note 3: Goodwill and Intangible Assets Goodwill. Changes in our goodwill balances for the nine months ended September 30, 2025 were as follows:
(dollars in millions) | Balance as of December 31, 2024 |  | Acquisitions and Divestitures |  |  |  | Foreign Currency Translation and Other |  | Balance as of September 30, 2025
Collins Aerospace (1) | $ | 32,223 |  |  | $ | (256) |  |  |  |  | $ | 777 |  |  | $ | 32,744 |
Pratt & Whitney | 1,563 |  |  | — |  |  |  |  | — |  |  | 1,563 |
Raytheon | 18,986 |  |  | — |  |  |  |  | 1 |  |  | 18,987 |
Total Segments | 52,772 |  |  | (256) |  |  |  |  | 778 |  |  | 53,294 |
Eliminations and other | 17 |  |  | — |  |  |  |  | — |  |  | 17 |
Total | $ | 52,789 |  |  | $ | (256) |  |  |  |  | $ | 778 |  |  | $ | 53,311 |
(1) The reduction related to Acquisitions and Divestitures includes the reclassification of goodwill to assets held for sale and presented in Other assets within the Condensed Consolidated Balance Sheet. Intangible Assets. Identifiable intangible assets are comprised of the following:
| September 30, 2025 |  | December 31, 2024
(dollars in millions) | Gross Amount |  | Accumulated Amortization |  | Gross Amount |  | Accumulated Amortization
Amortized: |  |  |  |  |  |  |
Collaboration assets | $ | 6,203 |  |  | $ | (2,239) |  |  | $ | 6,159 |  |  | $ | (1,996) |
Exclusivity assets | 3,872 |  |  | (251) |  |  | 3,692 |  |  | (361) |
Developed technology and other | 1,186 |  |  | (739) |  |  | 1,197 |  |  | (698) |
Customer relationships | 29,333 |  |  | (13,581) |  |  | 29,388 |  |  | (12,401) |
| 40,594 |  |  | (16,810) |  |  | 40,436 |  |  | (15,456) |
Indefinite-lived: |  |  |  |  |  |  |
Trademarks and other | 8,476 |  |  | — |  |  | 8,463 |  |  | — |
Total | $ | 49,070 |  |  | $ | (16,810) |  |  | $ | 48,899 |  |  | $ | (15,456) |
Amortization of intangible assets for the quarters and nine months ended September 30, 2025 and 2024 was $520 million and $1,529 million and $560 million and $1,620 million, respectively. The following is the expected amortization of intangible assets for the remainder of 2025 through 2030:
(dollars in millions) |  | Remaining 2025 |  | 2026 |  | 2027 |  | 2028 |  | 2029 |  | 2030
Amortization expense |  | $ | 545 |  |  | $ | 1,991 |  |  | $ | 1,897 |  |  | $ | 1,810 |  |  | $ | 1,682 |  |  | $ | 1,644 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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