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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 | Goodwill and Intangible Assets Goodwill The Company performed its annual goodwill impairment test as of October 1 and determined that no impairment existed at such date. Subsequent to the annual impairment test, it was determined that goodwill classified as assets held for sale was fully impaired, see Note 8, "Assets Held for Sale" for further discussion. There was no impairment during the year ended December 31, 2023. The following summarizes the Company's goodwill (in millions):
| Years Ended December 31,
| 2024 |  | 2023
Balance at the beginning of the period: |  |  |
Goodwill, gross | $ | 1,154 |  |  | $ | 1,088 |
Accumulated impairment losses | (671) |  |  | (669) |
Goodwill | 483 |  |  | 419 |
Goodwill classified as held for sale | — |  |  | (65) |
Additions | 190 |  |  | 128 |
Currency translation | (3) |  |  | 1 |
Balance at the end of the period: |  |  |
Goodwill, gross | 1,334 |  |  | 1,154 |
Accumulated impairment losses | (664) |  |  | (671) |
Goodwill | $ | 670 |  |  | $ | 483 |
Intangible Assets The Company performed its annual impairment test of indefinite-lived intangible assets as of October 1 and assessed finite-lived intangible assets for impairment triggers and determined that no impairment existed at such date. Subsequent to the annual impairment test, it was determined that certain finite-lived intangible assets classified as assets held for sale were impaired, see Note 8, "Assets Held for Sale" for further discussion. There was no impairment during the year ended December 31, 2023. Intangible assets, net, consisted of the following major classes (in millions):
| December 31, 2024
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value
Finite-lived intangible assets: |  |  |  |  |
Customer-related and non-compete agreements | $ | 382 |  |  | $ | (106) |  |  | $ | 276 |
Internally developed software(a) | 39 |  |  | (14) |  |  | 25 |
Total | 421 |  |  | (120) |  |  | 301 |
Indefinite-lived intangible assets: |  |  |  |  |
Trade name | 271 |  |  | — |  |  | 271 |
Total intangible assets, net | $ | 692 |  |  | $ | (120) |  |  | $ | 572 |
(a) Includes capitalized costs of $14 million yet to be placed into service.
| December 31, 2023
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value
Finite-lived intangible assets: |  |  |  |  |
Customer-related and non-compete agreements | $ | 248 |  |  | $ | (69) |  |  | $ | 179 |
Internally developed software(a) | 64 |  |  | (47) |  |  | 17 |
Total | 312 |  |  | (116) |  |  | 196 |
Indefinite-lived intangible assets: |  |  |  |  |
Trade name | 271 |  |  | — |  |  | 271 |
Total intangible assets, net | $ | 583 |  |  | $ | (116) |  |  | $ | 467 |
(a) Includes capitalized costs of $3 million yet to be placed into service. For all intangible assets acquired during the year ended December 31, 2024, customer relationships have a weighted-average useful life of 12.7 years and non-compete agreements have a weighted-average useful life of 5.0 years. Amortization of intangible assets for the years ended December 31, 2024, 2023 and 2022 was $45 million, $41 million and $31 million, respectively. Based on the amortizable assets in-service as of December 31, 2024, the Company expects amortization expense to be approximately $48 million in 2025, $41 million in 2026, $27 million in 2027, $24 million in 2028, $22 million in 2029, and $125 million thereafter.

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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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