v3.23.2
OTHER INTANGIBLE ASSETS
6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
OTHER INTANGIBLE ASSETS OTHER INTANGIBLE ASSETS
Intangible assets are comprised of the following:
June 30, 2023December 31, 2022
Gross
Carrying
Amount
Accumulated
Amortization
NetGross
Carrying
Amount
Accumulated
Amortization
Net
Customer relationships$1,927 $(775)$1,152 $1,917 $(729)$1,189 
Technology1,231 (849)382 1,212 (803)409 
Trade names and trademarks290 (181)109 287 (175)112 
Capitalized software1,365 (1,086)279 1,308 (1,040)268 
Finite-lived intangible assets4,813 (2,891)1,922 4,725 (2,747)1,978 
Indefinite-lived intangible assets2,202 — 2,202 2,202 — 2,202 
Total intangible assets$7,015 $(2,891)$4,124 $6,927 $(2,747)$4,180 
Intangible assets are generally amortized on a straight-line basis with estimated useful lives ranging from 1 to 35 years. Amortization expense for the three months ended June 30, 2023 and 2022 was $63 million and $55 million, respectively, and $126 million and $110 million for the six months ended June 30, 2023 and 2022, respectively.
Estimated amortization expense for the remainder of 2023 and each of the subsequent five fiscal years is expected to be as follows:
YearEstimated Amortization Expense
Remainder of 2023$124 
2024232 
2025192 
2026146 
2027123 
2028107