v3.23.1

GOODWILL AND OTHER INTANGIBLE ASSETS GOODWILL (Tables) | 3 Months Ended
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Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
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, 2021, gross | $ | 19,531 |  | $ | 4,661 |  | $ | 24,192 |
Accumulated impairment at December 31, 2021 | (18,217) |  | (254) |  | (18,471) |
Balance at December 31, 2021 | 1,314 |  | 4,407 |  | 5,721 |
Disposition | (161) |  | — |  | (161) |
Acquisitions | 41 |  | 417 |  | 458 |
Currency exchange, impairment and other | — |  | (96) |  | (96) |
Total | 1,194 |  | 4,728 |  | 5,922 |
Classified as held for sale (1) | — |  | (230) |  | (230) |
Balance at December 31, 2022 | 1,194 |  | 4,498 |  | 5,691 |
Currency exchange and other | 16 |  | (30) |  | (14) |
Balance at March 31, 2023 | $ | 1,210 |  | $ | 4,468 |  | $ | 5,677 |
(1)The reduction in Industrial & Energy Technology ("IET") goodwill relates to transferring our IET Nexus Controls business to held for sale. See "Note 17. Business Held for Sale" for further information.
Schedule of Finite-Lived Intangible Assets | Intangible assets are comprised of the following:
| March 31, 2023 | December 31, 2022
| Gross Carrying Amount | Accumulated Amortization | Net | Gross Carrying Amount | Accumulated Amortization | Net
Customer relationships | $ | 1,898 |  | $ | (746) |  | $ | 1,152 |  | $ | 1,917 |  | $ | (729) |  | $ | 1,189 |
Technology | 1,204 |  | (816) |  | 388 |  | 1,212 |  | (803) |  | 409 |
Trade names and trademarks | 287 |  | (178) |  | 109 |  | 287 |  | (175) |  | 112 |
Capitalized software | 1,325 |  | (1,053) |  | 272 |  | 1,308 |  | (1,040) |  | 268 |
Finite-lived intangible assets | 4,714 |  | (2,793) |  | 1,921 |  | 4,725 |  | (2,747) |  | 1,978 |
Indefinite-lived intangible assets | 2,202 |  | — |  | 2,202 |  | 2,202 |  | — |  | 2,202 |
Total intangible assets | $ | 6,916 |  | $ | (2,793) |  | $ | 4,123 |  | $ | 6,927 |  | $ | (2,747) |  | $ | 4,180 |
Schedule of Indefinite-Lived Intangible Assets | Intangible assets are comprised of the following:
| March 31, 2023 | December 31, 2022
| Gross Carrying Amount | Accumulated Amortization | Net | Gross Carrying Amount | Accumulated Amortization | Net
Customer relationships | $ | 1,898 |  | $ | (746) |  | $ | 1,152 |  | $ | 1,917 |  | $ | (729) |  | $ | 1,189 |
Technology | 1,204 |  | (816) |  | 388 |  | 1,212 |  | (803) |  | 409 |
Trade names and trademarks | 287 |  | (178) |  | 109 |  | 287 |  | (175) |  | 112 |
Capitalized software | 1,325 |  | (1,053) |  | 272 |  | 1,308 |  | (1,040) |  | 268 |
Finite-lived intangible assets | 4,714 |  | (2,793) |  | 1,921 |  | 4,725 |  | (2,747) |  | 1,978 |
Indefinite-lived intangible assets | 2,202 |  | — |  | 2,202 |  | 2,202 |  | — |  | 2,202 |
Total intangible assets | $ | 6,916 |  | $ | (2,793) |  | $ | 4,123 |  | $ | 6,927 |  | $ | (2,747) |  | $ | 4,180 |
Schedule of Estimated Amortization Expense | Estimated amortization expense for the remainder of 2023 and each of the subsequent five fiscal years is expected to be as follows:
Year | Estimated Amortization Expense
Remainder of 2023 | $ | 184 |
2024 | 227 |
2025 | 186 |
2026 | 144 |
2027 | 120 |
2028 | 97 |

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