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Goodwill and Intangible Assets
 9 Months Ended
Sep. 30, 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 adjustments

 

 

—

 

 

 

9

 

 

 

75

 

 

 

84

 

Gross goodwill at September 30, 2025

 

 

358

 

 

 

1,012

 

 

 

3,026

 

 

 

4,396

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated goodwill impairment at December 31, 2024

 

 

(141

)

 

 

(390

)

 

 

(1,302

)

 

 

(1,833

)

Impairment charge

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Accumulated goodwill impairment at September 30, 2025

 

 

(141

)

 

 

(390

)

 

 

(1,302

)

 

 

(1,833

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill, net of accumulated impairment and foreign currency translation adjustments at September 30, 2025

 

$

217

 

 

$

622

 

 

$

1,724

 

 

$

2,563

 

Intangible Assets

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

As of September 30, 2025

 

Gross

 

 

Accumulated Impairment Charges

 

 

Accumulated Amortization

 

 

Foreign Currency Translation

 

 

Net

 

Completed technology

 

$

1,268

 

 

$

(152

)

 

$

(563

)

 

$

(5

)

 

$

548

 

Customer relationships

 

 

2,072

 

 

 

(1

)

 

 

(585

)

 

 

(10

)

 

 

1,476

 

Patents, trademarks, trade names and other

 

 

381

 

 

 

(63

)

 

 

(139

)

 

 

(7

)

 

 

172

 

 

 

$

3,721

 

 

$

(216

)

 

$

(1,287

)

 

$

(22

)

 

$

2,196

 

 

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 was $184 for both the nine months ended September 30, 2025 and 2024.

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

Year

 

Amount

 

2025 (remaining)

 

$

63

 

2026

 

 

247

 

2027

 

 

246

 

2028

 

 

246

 

2029

 

 

243

 

2030

 

 

237

 

Thereafter

 

 

858

 

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