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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in the carrying value of goodwill by operating segment
Changes in the carrying value of goodwill by reportable segment during the years ended December 31, 2022 and 2021 are as follows:
(in millions)Water
Infrastructure
Applied WaterMeasurement & Control SolutionsTotal
Balance as of December 31, 2020$668 $529 $1,657 $2,854 
Activity in 2021
Foreign currency and other(12)(14)(36)(62)
Balance as of December 31, 2021$656 $515 $1,621 $2,792 
Activity in 2022
Foreign currency and other(18)(13)(42)(73)
Balance as of December 31, 2022$638 $502 $1,579 $2,719 
Schedule of Intangible Assets and Goodwill
Information regarding our other intangible assets is as follows:
December 31, 2022December 31, 2021
(in millions)Carrying
Amount
Accumulated
Amortization
Net
Intangibles
Carrying
Amount
Accumulated
Amortization
Net
Intangibles
Customer and distributor relationships$784 $(371)$413 $929 $(456)$473 
Proprietary technology and patents165 (118)47 201 (142)59 
Trademarks137 (80)57 141 (72)69 
Software514 (268)246 548 (303)245 
Other5 (3)2 21 (18)
Indefinite-lived intangibles165  165 167 — 167 
Other intangibles$1,770 $(840)$930 $2,007 $(991)$1,016 
Estimated Amortization Expense
Estimated amortization expense for each of the five succeeding years is as follows:
(in millions)
2023$127 
2024121 
2025116 
2026102 
202790