XML 24 R13.htm IDEA: XBRL DOCUMENT v3.25.3
GOODWILL AND INTANGIBLE ASSETS
 9 Months Ended
Sep. 30, 2025
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, 2024
$7,248 $1,462 $8,710 
Additions/adjustments949 — 949 
Foreign currency impact14 180 194 
Balance at September 30, 2025
$8,211 $1,642 $9,853 
As of September 30, 2025 and December 31, 2024, the Company’s trade names had a net carrying amount of $788 million and $595 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 had assigned a useful life of 5 years and became fully amortized in the first quarter of 2024.
Intangible assets of the Company, other than goodwill and trade names, consist of the following:
 September 30, 2025December 31, 2024
In millionsGross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Backlog$1,312 $(591)$721 $1,415 $(629)$786 
Customer relationships1,780 (537)1,243 1,329 (480)849 
Acquired technology1,495 (701)794 1,318 (614)704 
Total$4,587 $(1,829)$2,758 $4,062 $(1,723)$2,339 
At September 30, 2025, the weighted average remaining useful lives of backlog, customer relationships and acquired technology were 8 years, 16 years and 7 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 $77 million and $219 million for the three and nine months ended September 30, 2025, respectively, and $79 million and $224 million for the three and nine months ended September 30, 2024, respectively.
Amortization expense for the five succeeding years is estimated to be as follows:
In millions
Remainder of 2025$79 
2026$310 
2027$306 
2028$304 
2029$303