Goodwill and Intangible Assets (Tables)
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12 Months Ended |
Dec. 31, 2022 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Schedule of Goodwill |
The changes in the carrying value of goodwill are detailed below by segment: | | | | | | | | | | | | | Oilfield Services & Equipment | Industrial & Energy Technology | Total | | Balance at December 31, 2020, gross | $ | 19,524 | | $ | 4,686 | | $ | 24,210 | | | Accumulated impairment at December 31, 2020 | (18,217) | | (254) | | (18,471) | | | Balance at December 31, 2020 | 1,307 | | 4,432 | | 5,739 | | | | | | | | | | Currency exchange and others | 7 | | (25) | | (18) | | | Balance at December 31, 2021 | 1,314 | | 4,407 | | 5,721 | | | | | | Disposition (1) | (161) | | — | | (161) | | Acquisitions (2) | 41 | | 417 | | 458 | | | Currency exchange, impairment and other | — | | (96) | | (96) | | | Total | 1,194 | | 4,728 | | 5,922 | | Classified as held for sale (3) | — | | (230) | | (230) | | | Balance at December 31, 2022 | $ | 1,194 | | $ | 4,498 | | $ | 5,691 | |
(1)The reduction in Oilfield Services & Equipment ("OFSE") goodwill relates to the sale of part of our OFSE Russia business. See "Note 19. Business Dispositions and Acquisitions" for further information. (2)See "Note 19. Business Dispositions and Acquisitions" for further information related to acquisitions occurring during 2022. (3)The reduction in Industrial & Energy Technology ("IET") goodwill relates to transferring our IET Nexus Controls business to held for sale. See "Note 20. Business Held for Sale" for further information.
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| Schedule of Finite-lived Intangible Assets |
Intangible assets are comprised of the following at December 31: | | | | | | | | | | | | | | | | | | | | | | 2022 | 2021 | | Gross
Carrying
Amount | Accumulated
Amortization | Net | Gross
Carrying
Amount | Accumulated
Amortization | Net | | Customer relationships | $ | 1,917 | | $ | (729) | | $ | 1,189 | | $ | 1,922 | | $ | (752) | | $ | 1,170 | | | Technology | 1,212 | | (803) | | 409 | | 1,090 | | (747) | | $ | 343 | | | Trade names and trademarks | 287 | | (175) | | 112 | | 292 | | (169) | | 123 | | | Capitalized software | 1,308 | | (1,040) | | 268 | | 1,311 | | (1,057) | | 254 | | | | | | | | | | | | | | | | | | | | | | | | Finite-lived intangible assets | 4,725 | | (2,747) | | 1,978 | | 4,615 | | (2,725) | | 1,890 | | | Indefinite-lived intangible assets | 2,202 | | — | | 2,202 | | 2,241 | | — | | 2,241 | | | Total intangible assets | $ | 6,927 | | $ | (2,747) | | $ | 4,180 | | $ | 6,856 | | $ | (2,725) | | $ | 4,131 | |
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| Schedule of Indefinite-lived Intangible Assets |
Intangible assets are comprised of the following at December 31: | | | | | | | | | | | | | | | | | | | | | | 2022 | 2021 | | Gross
Carrying
Amount | Accumulated
Amortization | Net | Gross
Carrying
Amount | Accumulated
Amortization | Net | | Customer relationships | $ | 1,917 | | $ | (729) | | $ | 1,189 | | $ | 1,922 | | $ | (752) | | $ | 1,170 | | | Technology | 1,212 | | (803) | | 409 | | 1,090 | | (747) | | $ | 343 | | | Trade names and trademarks | 287 | | (175) | | 112 | | 292 | | (169) | | 123 | | | Capitalized software | 1,308 | | (1,040) | | 268 | | 1,311 | | (1,057) | | 254 | | | | | | | | | | | | | | | | | | | | | | | | Finite-lived intangible assets | 4,725 | | (2,747) | | 1,978 | | 4,615 | | (2,725) | | 1,890 | | | Indefinite-lived intangible assets | 2,202 | | — | | 2,202 | | 2,241 | | — | | 2,241 | | | Total intangible assets | $ | 6,927 | | $ | (2,747) | | $ | 4,180 | | $ | 6,856 | | $ | (2,725) | | $ | 4,131 | |
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| Schedule of Finite-lived Intangible Assets, Future Amortization Expense |
Estimated amortization expense for each of the subsequent five fiscal years is expected to be as follows: | | | | | | | Year | Estimated Amortization Expense | | 2023 | $ | 245 | | | 2024 | 223 | | | 2025 | 182 | | | 2026 | 135 | | | 2027 | 114 | |
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