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Goodwill and Other Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The changes in the carrying value of goodwill are detailed below by segment:
Oilfield
Services
Oilfield
Equipment
Turbo-
machinery &
Process
Solutions
Digital
Solutions
Total
Balance at December 31, 2020, gross$15,656 $4,162 $2,234 $2,452 $24,504 
Accumulated impairment at December 31, 2020(14,117)(4,156)— (254)(18,527)
Balance at December 31, 20201,539 2,234 2,198 5,977 
Currency exchange and other10 (3)(62)37 (18)
Balance at December 31, 20211,549 2,172 2,235 5,959 
Currency exchange, impairment and other(3)(92)(41)(132)
Total1,553 — 2,080 2,194 5,827 
Classified as held for sale (1)
(161)— — (231)(392)
Balance at September 30, 2022$1,392 $— $2,080 $1,963 $5,435 
(1)The reduction in Oilfield Services ("OFS") and Digital Solutions ("DS") goodwill relates to transferring our OFS Russia business and DS Nexus Controls business to held for sale, respectively. See "Note 18. Businesses Held for Sale" for further information.
Schedule of Finite-Lived Intangible Assets
Intangible assets are comprised of the following:
September 30, 2022December 31, 2021
Gross
Carrying
Amount
Accumulated
Amortization
NetGross
Carrying
Amount
Accumulated
Amortization
Net
Customer relationships$1,789 $(701)$1,088 $1,922 $(752)$1,170 
Technology1,089 (763)326 1,090 (747)343 
Trade names and trademarks288 (174)114 292 (169)123 
Capitalized software1,249 (999)250 1,311 (1,057)254 
Finite-lived intangible assets4,415 (2,637)1,778 4,615 (2,725)1,890 
Indefinite-lived intangible assets2,202 — 2,202 2,241 — 2,241 
Total intangible assets (1)
$6,617 $(2,637)$3,980 $6,856 $(2,725)$4,131 
(1)During the three and nine months ended September 30, 2022, we recorded intangible asset impairments to customer relationships of $12 million and capitalized software of $5 million. See "Note 17. Restructuring, Impairment and Other" for further information.
Schedule of Indefinite-Lived Intangible Assets
Intangible assets are comprised of the following:
September 30, 2022December 31, 2021
Gross
Carrying
Amount
Accumulated
Amortization
NetGross
Carrying
Amount
Accumulated
Amortization
Net
Customer relationships$1,789 $(701)$1,088 $1,922 $(752)$1,170 
Technology1,089 (763)326 1,090 (747)343 
Trade names and trademarks288 (174)114 292 (169)123 
Capitalized software1,249 (999)250 1,311 (1,057)254 
Finite-lived intangible assets4,415 (2,637)1,778 4,615 (2,725)1,890 
Indefinite-lived intangible assets2,202 — 2,202 2,241 — 2,241 
Total intangible assets (1)
$6,617 $(2,637)$3,980 $6,856 $(2,725)$4,131 
(1)During the three and nine months ended September 30, 2022, we recorded intangible asset impairments to customer relationships of $12 million and capitalized software of $5 million. See "Note 17. Restructuring, Impairment and Other" for further information.
Schedule of Estimated Amortization Expense
Estimated amortization expense for the remainder of 2022 and each of the subsequent five fiscal years is expected to be as follows:
YearEstimated Amortization Expense
Remainder of 2022$54 
2023207 
2024194 
2025154 
2026109 
202787