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OTHER INTANGIBLE ASSETS, NET | 3 Months Ended
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Mar. 31, 2024
Intangible Assets, Net (Excluding Goodwill) [Abstract] |
OTHER INTANGIBLE ASSETS, NET | OTHER INTANGIBLE ASSETS, NET Intangible assets are generally the result of acquisitions and consist primarily of purchased technology and customer related intangibles. Intangible assets are amortized over useful lives that range between 1 to 20 years. The following tables present the cumulative composition of the Corporation’s intangible assets:
|  | March 31, 2024 |  | December 31, 2023
(In thousands) |  | Gross |  | Accumulated Amortization |  | Net |  | Gross |  | Accumulated Amortization |  | Net
Technology |  | $ | 307,207 |  |  | $ | (198,552) |  |  | $ | 108,655 |  |  | $ | 308,256 |  |  | $ | (195,446) |  |  | $ | 112,810 |
Customer related intangibles |  | 669,065 |  |  | (346,171) |  |  | 322,894 |  |  | 670,966 |  |  | (339,325) |  |  | 331,641 |
Programs (1) |  | 144,000 |  |  | (43,200) |  |  | 100,800 |  |  | 144,000 |  |  | (41,400) |  |  | 102,600 |
Other intangible assets |  | 54,042 |  |  | (44,056) |  |  | 9,986 |  |  | 54,227 |  |  | (43,666) |  |  | 10,561 |
Total |  | $ | 1,174,314 |  |  | $ | (631,979) |  |  | $ | 542,335 |  |  | $ | 1,177,449 |  |  | $ | (619,837) |  |  | $ | 557,612 |
(1) Programs include values assigned to major programs of acquired businesses and represent the aggregate value associated with the customer relationships, contracts, technology, and trademarks underlying the associated program. Total intangible amortization expense for the three months ended March 31, 2024 was $14 million, as compared to $16 million in the comparable prior year period. The estimated future amortization expense of intangible assets over the next five years is as follows:
(In millions) |
2024 | $ | 57 |
2025 | $ | 54 |
2026 | $ | 53 |
2027 | $ | 50 |
2028 | $ | 44 |

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