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Goodwill and Other Intangible Assets
 3 Months Ended
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
Goodwill    
Changes in the carrying value of goodwill by reportable segment for the nine months ended September 30, 2023 are as follows:
(in millions)Water
Infrastructure		Applied WaterMeasurement & Control SolutionsIntegrated Solutions & ServicesTotal
Balance as of January 1, 2023$638 $502 $1,579 $— $2,719 
Activity in 2023
Acquisitions1,588 241 80 2,533 4,442 
Foreign currency and other(4)(1)(7)— (12)
Balance as of September 30, 2023$2,222 $742 $1,652 $2,533 $7,149 
The Company has applied the acquisition method of accounting in accordance with ASC 805 and recognized assets acquired and liabilities assumed of Evoqua at their fair value as of the date of acquisition, with the excess purchase consideration recorded to goodwill. We have preliminarily allocated goodwill to segments of the Company that are expected to benefit from the synergies of the acquisition. As the Company finalizes the estimation of the fair value of the assets acquired and liabilities assumed, additional adjustments to the amount of goodwill allocated to each segment may be necessary.
Other Intangible Assets
Information regarding our other intangible assets is as follows:
September 30, 2023December 31, 2022
(in millions)
Carrying
Amount
Accumulated
Amortization
Net
Intangibles
Carrying
Amount
Accumulated
Amortization
Net
Intangibles
Customer and distributor relationships$2,641 $(448)$2,193 $784 $(371)$413 
Proprietary technology and patents296 (131)165 165 (118)47 
Trademarks195 (89)106 137 (80)57 
Software577 (312)265 514 (268)246 
Other161 (15)146 5 (3)2 
Indefinite-lived intangibles164 — 164 165 — 165 
Other Intangibles$4,034 $(995)$3,039 $1,770 $(840)$930 
Amortization expense related to finite-lived intangible assets was $84 million and $167 million for the three and nine-month periods ended September 30, 2023, respectively, and $31 million and $93 million for the three and nine-month periods ended September 30, 2022, respectively.
During the first quarter of 2023, we determined that internally developed in-process software within our Measurement & Control Solutions segment was impaired as a result of actions taken to prioritize strategic investments and we therefore recognized an impairment charge of $2 million.