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GOODWILL AND OTHER ACQUIRED INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Activity in Goodwill
The following tables summarize the activity in goodwill:
Year Ended December 31, 2024
MAMISConsolidated
Gross
goodwill
Accumulated
impairment
charge
Net
goodwill
Gross
goodwill
Accumulated
impairment
charge
Net
goodwill
Gross
goodwill
Accumulated
impairment
charge
Net
goodwill
Balance at beginning of year$5,681 $(12)$5,669 $287 $ $287 $5,968 $(12)$5,956 
Additions/
adjustments (1)
112  112 97  97 209  209 
Foreign currency translation adjustments(167) (167)(4) (4)(171) (171)
Ending Balance$5,626 $(12)$5,614 $380 $ $380 $6,006 $(12)$5,994 
Year Ended December 31, 2023
MAMISConsolidated
Gross
goodwill
Accumulated
impairment
charge
Net
goodwill
Gross
goodwill
Accumulated
impairment
charge
Net
goodwill
Gross
goodwill
Accumulated
impairment
charge
Net
goodwill
Balance at beginning of year$5,474 $(12)$5,462 $377 $— $377 $5,851 $(12)$5,839 
Additions/
adjustments (2)
90 — 90 (87)— (87)— 
Foreign currency translation adjustments117 — 117 (3)— (3)114 — 114 
Ending balance$5,681 $(12)$5,669 $287 $— $287 $5,968 $(12)$5,956 
(1)The 2024 additions/adjustments primarily relate to certain immaterial acquisitions in 2024 (most notably GCR, Numerated and Praedicat).
(2)The 2023 additions/adjustments primarily relate to a reallocation of goodwill pursuant to a realignment of certain components of the Company's ESG business in the first quarter of 2023
Acquired Intangible Assets and Related Amortization
Acquired intangible assets and related accumulated amortization consisted of:
December 31,
20242023
Customer relationships$2,035 $2,065 
Accumulated amortization(631)(556)
Net customer relationships1,404 1,509 
Software/product technology695 674 
Accumulated amortization(419)(364)
Net software/product technology276 310 
Database166 179 
Accumulated amortization(89)(82)
Net database77 97 
Trade names199 199 
Accumulated amortization(83)(72)
Net trade names116 127 
Other (1)
67 52 
Accumulated amortization(50)(46)
Net other17 
Total$1,890 $2,049 
    
(1)Other intangible assets primarily consist of trade secrets, covenants not to compete, and acquired ratings methodologies and models.
Amortization Expense Relating to Acquired Intangible Assets
Amortization expense relating to acquired intangible assets is as follows:
Year Ended December 31,
202420232022
Amortization expense (1)
$198 $198 $200 
(1)Amount for the year ended December 31, 2024 excludes incremental amortization expense of $5 million associated with amortizable intangible assets which is presented within charges related to asset abandonment on the consolidated statement of operations, as more fully discussed in Note 22 to the consolidated financial statements.
Estimated Future Amortization Expense for Acquired Intangible Assets Subject to Amortization
Estimated future annual amortization expense for intangible assets subject to amortization is as follows:
Year Ending December 31,
2025$202 
2026196 
2027178 
2028166 
2029133 
Thereafter1,015 
Total estimated future amortization$1,890