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GOODWILL AND OTHER ACQUIRED INTANGIBLE ASSETS
6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER ACQUIRED INTANGIBLE ASSETS GOODWILL AND OTHER ACQUIRED INTANGIBLE ASSETS
The following table summarizes the activity in goodwill for the periods indicated:
Six Months Ended June 30, 2025
MAMISConsolidated
Gross goodwillAccumulated
impairment
charge
Net
goodwill
Gross goodwillAccumulated impairment
charge
Net
goodwill
Gross goodwillAccumulated
impairment
charge
Net
goodwill
Balance at beginning
of year
$5,626 $(12)$5,614 $380 $ $380 $6,006 $(12)$5,994 
Additions/
adjustments (1)
135  135    135  135 
Foreign currency translation adjustments350  350 2  2 352  352 
Ending balance$6,111 $(12)$6,099 $382 $ $382 $6,493 $(12)$6,481 
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 (2)
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 
(1) The 2025 additions relate to the acquisition of CAPE Analytics in 2025.
(2) The 2024 additions/adjustments primarily relate to certain immaterial acquisitions in 2024 (most notably GCR, Numerated and Praedicat).
Acquired intangible assets and related amortization consisted of:
June 30,
2025
December 31,
2024
Customer relationships$2,227 $2,035 
Accumulated amortization(724)(631)
Net customer relationships1,503 1,404 
Software/product technology776 695 
Accumulated amortization(489)(419)
Net software/product technology287 276 
Database167 166 
Accumulated amortization(98)(89)
Net database69 77 
Trade names209 199 
Accumulated amortization(94)(83)
Net trade names115 116 
Other (1)
69 67 
Accumulated amortization(54)(50)
Net other15 17 
Total acquired intangible assets, net$1,989 $1,890 
(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 is as follows:
Three Months Ended
June 30,
Six Months Ended
June 30,
2025202420252024
Amortization expense
$55 $48 $108 $97