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GOODWILL AND OTHER INTANGIBLE ASSETS-NET | 12 Months Ended
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Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS-NET | GOODWILL AND OTHER INTANGIBLE ASSETS—NET The following table summarizes the change in the carrying amount of goodwill for the years ended December 31, 2023, and 2022, by reportable business segment:
| December 31, 2022 |  | Acquisitions/ Divestitures |  | Currency Translation Adjustment |  | December 31, 2023
Aerospace Technologies | $ | 2,376 |  |  | $ | — |  |  | $ | 10 |  |  | $ | 2,386 |
Industrial Automation | 9,183 |  |  | 392 |  |  | 75 |  |  | 9,650 |
Building Automation | 3,338 |  |  | — |  |  | 42 |  |  | 3,380 |
Energy and Sustainability Solutions | 1,726 |  |  | — |  |  | 1 |  |  | 1,727 |
Corporate and All Other | 874 |  |  | — |  |  | 32 |  |  | 906 |
Total Goodwill | $ | 17,497 |  |  | $ | 392 |  |  | $ | 160 |  |  | $ | 18,049 |
Other intangible assets are comprised of:
| December 31, 2023 |  | December 31, 2022
Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Definite-life intangibles |  |  |  |  |  |  |  |  |  |  |
Patents and technology | $ | 2,399 |  |  | $ | (1,837) |  |  | $ | 562 |  |  | $ | 2,313 |  |  | $ | (1,759) |  |  | $ | 554 |
Customer relationships | 4,199 |  |  | (2,601) |  |  | 1,598 |  |  | 3,989 |  |  | (2,397) |  |  | 1,592 |
Trademarks | 362 |  |  | (284) |  |  | 78 |  |  | 371 |  |  | (273) |  |  | 98 |
Other | 299 |  |  | (277) |  |  | 22 |  |  | 299 |  |  | (274) |  |  | 25 |
Total definite-life intangibles—net | 7,259 |  |  | (4,999) |  |  | 2,260 |  |  | 6,972 |  |  | (4,703) |  |  | 2,269 |
Indefinite-life intangibles |  |  |  |  |  |  |  |  |  |  |
Trademarks | 971 |  |  | — |  |  | 971 |  |  | 953 |  |  | — |  |  | 953 |
Total Other intangible assets—net | $ | 8,230 |  |  | $ | (4,999) |  |  | $ | 3,231 |  |  | $ | 7,925 |  |  | $ | (4,703) |  |  | $ | 3,222 |
Intangible assets amortization expense was $292 million, $333 million, and $465 million for the years ended December 31, 2023, 2022, and 2021, respectively. Estimated intangible asset amortization expense for each of the next five years approximates $287 million in 2024, $262 million in 2025, $257 million in 2026, $247 million in 2027, and $249 million in 2028.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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