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GOODWILL AND INTANGIBLE ASSETS
 3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
An analysis of changes in the Company’s goodwill by business segment is as follows (in millions):
 MPAerialsESTotal
Balance at December 31, 2024, gross
$214 $138 803 $1,155 
Accumulated impairment(23)(39)— (62)
Balance at December 31, 2024, net
191 99 803 $1,093 
Foreign exchange effect and other3 1 (11)(7)
Balance at March 31, 2025, gross
217 139 792 1,148 
Accumulated impairment(23)(39)— (62)
Balance at March 31, 2025, net
$194 $100 $792 $1,086 

Intangible assets, net were comprised of the following (in millions):
March 31, 2025December 31, 2024
Weighted Average Life
(in years)		Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Definite-lived intangible assets:
Technology12$159 $(15)$144 $159 $(12)$147 
Customer relationships
15859 (58)801 858 (44)814 
Trade names
14152 (13)139 152 (10)142 
Land use rights
804 (1)3 4 (1)3 
Other1018 (17)1 18 (17)1 
Total definite-lived intangible assets
$1,192 $(104)$1,088 $1,191 $(84)$1,107 

Three Months Ended
March 31,
(in millions)20252024
Aggregate Amortization Expense$20 $1 

Estimated aggregate intangible asset amortization expense for each of the next five years is as follows (in millions):
2025$82 
202681 
202781 
202881 
202980