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GOODWILL AND INTANGIBLES | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLES | GOODWILL AND INTANGIBLES Goodwill The following table provides disclosure of goodwill by segment as of December 31, 2024 and 2023. The changes in the carrying amount of goodwill by reportable segment for the years ended December 31, 2024 and 2023 are as follows:
| Safety Services |  | Specialty Services |  | Total Goodwill
Goodwill as of December 31, 2022 | $ | 2,201 |  |  | $ | 181 |  |  | $ | 2,382 |
Acquisitions | 47 |  |  | — |  |  | 47 |
Impairment of goodwill (1) | — |  |  | (4) |  |  | (4) |
Foreign currency translation and other, net (2) | 46 |  |  | — |  |  | 46 |
Goodwill as of December 31, 2023 | 2,294 |  |  | 177 |  |  | 2,471 |
Acquisitions | 510 |  |  | 3 |  |  | 513 |
Foreign currency translation and other, net (2) | (90) |  |  | — |  |  | (90) |
Goodwill as of December 31, 2024 | $ | 2,714 |  |  | $ | 180 |  |  | $ | 2,894 |
(1)The Company sold an operating company (See Note 5 – "Divestitures"). Pursuant to the authoritative literature, the Company evaluated the recoverability of the carrying value of the assets and liabilities and recorded a goodwill impairment charge of $4 for the year ended December 31, 2023. (2)Other includes immaterial measurement period adjustments related to acquisitions for which the measurement period was open at the beginning of the year (see Note 4 – "Business Combinations"). Intangibles The Company's identifiable intangible assets are comprised of the following as of December 31, 2024 and 2023:
| December 31, 2024
| Weighted- Average Remaining Useful Lives (in Years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Amortized intangibles: |  |  |  |  |  |  |
Contractual backlog | 1.3 |  | $ | 171 |  |  | $ | (158) |  |  | $ | 13 |
Customer relationships | 9.0 |  | 1,753 |  |  | (672) |  |  | 1,081 |
Trade names and trademarks | 11.1 |  | 748 |  |  | (182) |  |  | 566 |
Total |  |  | $ | 2,672 |  |  | $ | (1,012) |  |  | $ | 1,660 |
| December 31, 2023
| Weighted- Average Remaining Useful Lives (in Years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Amortized intangibles: |  |  |  |  |  |  |
Contractual backlog | 0.5 |  | $ | 155 |  |  | $ | (154) |  |  | $ | 1 |
Customer relationships | 9.4 |  | 1,552 |  |  | (518) |  |  | 1,034 |
Trade names and trademarks | 12.1 |  | 722 |  |  | (137) |  |  | 585 |
Total |  |  | $ | 2,429 |  |  | $ | (809) |  |  | $ | 1,620 |
Approximate annual aggregate amortization expense of the intangible assets for the five years subsequent to December 31, 2024, is as follows:
Years ending December 31: |
2025 | $ | 236 |
2026 | 228 |
2027 | 202 |
2028 | 132 |
2029 | 130 |
Thereafter | 732 |
Total | $ | 1,660 |
Amortization expense recognized on identifiable intangible assets are as follows:
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Cost of revenues | $ | 6 |  |  | $ | 27 |  |  | $ | 30 |
Selling, general, and administrative expenses | 216 |  | 197 |  | 197
Total intangible asset amortization expense | $ | 222 |  |  | $ | 224 |  |  | $ | 227 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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