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Intangible Assets | 9 Months Ended
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Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets | 6. Intangible Assets Intangible assets consist of the following:
| (Stated in millions) |
| Sept. 30, 2023 |  |  | Dec. 31, 2022 |
| Gross |  |  | Accumulated |  |  | Net Book |  |  | Gross |  |  | Accumulated |  |  | Net Book |
| Book Value |  |  | Amortization |  |  | Value |  |  | Book Value |  |  | Amortization |  |  | Value |
Customer relationships | $ | 1,708 |  |  | $ | 687 |  |  | $ | 1,021 |  |  | $ | 1,680 |  |  | $ | 631 |  |  | $ | 1,049 |
Technology/technical know-how |  | 1,304 |  |  |  | 742 |  |  |  | 562 |  |  |  | 1,280 |  |  |  | 676 |  |  |  | 604 |
Tradenames |  | 795 |  |  |  | 256 |  |  |  | 539 |  |  |  | 767 |  |  |  | 222 |  |  |  | 545 |
Other |  | 1,727 |  |  |  | 937 |  |  |  | 790 |  |  |  | 1,657 |  |  |  | 863 |  |  |  | 794 |
| $ | 5,534 |  |  | $ | 2,622 |  |  | $ | 2,912 |  |  | $ | 5,384 |  |  | $ | 2,392 |  |  | $ | 2,992 |
Amortization expense was as follows:
(Stated in millions) |
| 2023 |  |  | 2022 |
Third Quarter | $ | 78 |  |  | $ | 76 |
Nine Months | $ | 231 |  |  | $ | 226 |
Based on the carrying value of intangible assets at September 30, 2023, amortization expense for the subsequent five years is estimated to be: fourth quarter of 2023—$79 million; 2024—$301 million; 2025—$278 million; 2026—$272 million; 2027—$269 million; and 2028—$248 million.

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350-30/tableOfContent + Details
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