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GOODWILL AND INTANGIBLE ASSETS
 6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
The change in the carrying amount of goodwill by segment is as follows:
In millionsFreight SegmentTransit SegmentTotal
Balance at December 31, 2022$7,085 $1,423 $8,508 
Additions/adjustments109 — 109 
Foreign currency impact15 25 40 
Balance at June 30, 2023$7,209 $1,448 $8,657 
As of June 30, 2023 and December 31, 2022, the Company’s trade names had a net carrying amount of $626 million and $602 million, respectively. The Company believes these intangibles have indefinite lives, with the exception of the right to use the GE Transportation trade name, to which the Company has assigned a useful life of 5 years.
Intangible assets of the Company, other than goodwill and trade names, consist of the following:
 June 30, 2023December 31, 2022
In millionsGross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Backlog$1,432 $(472)$960 $1,425 $(415)$1,010 
Customer relationships1,325 (396)929 1,274 (362)912 
Acquired technology1,290 (446)844 1,273 (395)878 
Total$4,047 $(1,314)$2,733 $3,972 $(1,172)$2,800 
At June 30, 2023 the weighted average remaining useful lives of backlog, customer relationships and acquired technology were 9 years, 16 years and 8 years, respectively. The backlog intangible asset primarily consists of in-place long-term service agreements acquired by the Company in conjunction with the acquisition of GE Transportation. Amortization expense for intangible assets was $73 million and $148 million for the three and six months ended June 30, 2023, respectively, and $72 million and $145 million for the three and six months ended June 30, 2022, respectively.
Amortization expense for the five succeeding years is estimated to be as follows:
In millions
Remainder of 2023$149 
2024$288 
2025$271 
2026$267 
2027$263