XML 25 R15.htm IDEA: XBRL DOCUMENT

Goodwill and Intangible Assets, Net

9 Months Ended

Sep. 30, 2025

8. Goodwill and Intangible Assets, Net

Goodwill consists of the following:


	September 30, 2025						December 31, 2024
	Gross				Net		Gross				Net
	Carrying		Accumulated		Carrying		Carrying		Accumulated		Carrying
	Amount		Impairment		Value		Amount		Impairment		Value

	(in millions)
Automotive	$	337	$	(87)	$	250	$	337	$	(87)	$	250
Food Packaging		6		—		6		6		—		6
Home Fashion		24		(3)		21		22		(3)		19
Pharma		13		—		13		13		—		13
	$	380	$	(90)	$	290	$	378	$	(90)	$	288

Intangible assets, net consists of the following:


	September 30, 2025						December 31, 2024
	Gross				Net		Gross				Net
	Carrying		Accumulated		Carrying		Carrying		Accumulated		Carrying
	Amount		Amortization		Value		Amount		Amortization		Value

	(in millions)
Definite-lived intangible assets:
Customer relationships	$	394	$	(264)	$	130	$	392	$	(249)	$	143
Developed technology		254		(139)		115		254		(118)		136
Other		164		(117)		47		164		(110)		54
	$	812	$	(520)	$	292	$	810	$	(477)	$	333

Indefinite-lived intangible assets					$	76					$	76
Intangible assets, net					$	368					$	409

Amortization expense associated with definite-lived intangible assets was $14 million and $14 million for the three months ended September 30, 2025 and 2024, respectively, and $42 million and $43 million for the nine months ended September 30, 2025 and 2024, respectively.

We utilize the straight-line method of amortization, recognized over the estimated useful lives of the assets.