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Goodwill and Intangible Assets | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | 10. Goodwill and Intangible Assets
|  | December31, |
GOODWILL (Dollars in millions) |  | 2024 |  |  | 2023 |
Carrying amount at beginning of year |  | $ | 1,378 |  |  | $ | 1,375 |
Translation differences |  |  | (10 | ) |  |  | 2 |
Carrying amount at end of year |  | $ | 1,368 |  |  | $ | 1,378 |
Approximately $1.2 billion of the Company’s goodwill is associated with the 1997 merger of Autoliv AB and the Automotive Safety Products Division of Morton International, Inc. No goodwill impairment charges were recognized during 2024, 2023 or 2022.
|  | December 31, |
AMORTIZABLE INTANGIBLES (Dollars in millions) |  | 2024 |  |  | 2023 |
Gross carrying amount |  | $ | 386 |  |  | $ | 391 |
Accumulated amortization |  |  | (379 | ) |  |  | (384 | )
Carrying value |  | $ | 7 |  |  | $ | 7 |
At December 31, 2024, intangible assets subject to amortization mainly relate to acquired technology. No significant impairments of intangible assets were recognized during 2024, 2023 or 2022. Amortization expense related to intangible assets was $2 million, $2 million and $3 million in 2024, 2023 and 2022, respectively. Estimated future amortization expense is immaterial for all future periods.

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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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