GOODWILL AND OTHER INTANGIBLE ASSETS GOODWILL (Tables)
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3 Months Ended |
Mar. 31, 2023 |
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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, 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.
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| 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 | |
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| 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 | |
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| 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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