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Goodwill and Intangible Assets
 3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
(7)
Goodwill and Intangible Assets

Goodwill

Effective January 1, 2025, the Company reassigned goodwill to certain reporting units within PSD resulting from a reorganization of the business. The goodwill was reassigned to the new reporting units using the relative fair value approach. The Company also concluded that the fair value of each reporting unit immediately before and after the reorganization exceeded its respective carrying value.

Goodwill associated with each of the Company’s reportable segments was as follows:

 

 

VSD

 

 

PSD

 

 

MSD

 

 

Total

 

Reportable segment:

 

 

 

 

 

 

 

 

 

 

 

 

Gross goodwill at December 31, 2024

 

$

358

 

 

$

1,003

 

 

$

2,951

 

 

$

4,312

 

Foreign currency translation and measurement period adjustments

 

 

—

 

 

 

3

 

 

 

14

 

 

 

17

 

Gross goodwill at March 31, 2025

 

 

358

 

 

 

1,006

 

 

 

2,965

 

 

 

4,329

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated goodwill impairment at December 31, 2024

 

 

(141

)

 

 

(390

)

 

 

(1,302

)

 

 

(1,833

)

Impairment charge

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Accumulated goodwill impairment at March 31, 2025

 

 

(141

)

 

 

(390

)

 

 

(1,302

)

 

 

(1,833

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill, net of accumulated impairment and foreign currency translation at March 31, 2025

 

$

217

 

 

$

616

 

 

$

1,663

 

 

$

2,496

 

Intangible Assets

The Company’s intangible assets were comprised of the following:

As of March 31, 2025

 

Gross

 

 

Accumulated Impairment Charges

 

 

Accumulated Amortization

 

 

Foreign Currency Translation

 

 

Net

 

Completed technology

 

$

1,268

 

 

$

(152

)

 

$

(518

)

 

$

(25

)

 

$

573

 

Customer relationships

 

 

2,072

 

 

 

(1

)

 

 

(513

)

 

 

(68

)

 

 

1,490

 

Patents, trademarks, trade names and other

 

 

381

 

 

 

(63

)

 

 

(132

)

 

 

(11

)

 

 

175

 

 

 

$

3,721

 

 

$

(216

)

 

$

(1,163

)

 

$

(104

)

 

$

2,238

 

 

As of December 31, 2024

 

Gross

 

 

Accumulated Impairment Charges

 

 

Accumulated Amortization

 

 

Foreign Currency Translation

 

 

Net

 

Completed technology

 

$

1,268

 

 

$

(152

)

 

$

(496

)

 

$

(31

)

 

$

589

 

Customer relationships

 

 

2,072

 

 

 

(1

)

 

 

(477

)

 

 

(86

)

 

 

1,508

 

Patents, trademarks, trade names and other

 

 

381

 

 

 

(63

)

 

 

(130

)

 

 

(13

)

 

 

175

 

 

 

$

3,721

 

 

$

(216

)

 

$

(1,103

)

 

$

(130

)

 

$

2,272

 

 

Aggregate amortization expense related to acquired intangible assets for the three months ended March 31, 2025 and 2024 was $60 and $62, respectively.

Aggregate amortization expense related to acquired intangible assets for future years is as follows:

Year

 

Amount

 

2025 (remaining)

 

 

181

 

2026

 

 

238

 

2027

 

 

237

 

2028

 

 

237

 

2029

 

 

235

 

2030

 

 

228

 

Thereafter

 

 

826

 

The Company excluded from the above table intangible assets of $56 of indefinite-lived trademarks and trade names, which were not subject to amortization.