v3.25.4

GOODWILL AND INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of changes in goodwill by business segment | An analysis of changes in the Company’s goodwill by business segment is as follows (in millions):
|  | ES | MP |  | Aerials |  | Total
Balance at December 31, 2023, gross |  | $ | — |  | $ | 218 |  |  | $ | 139 |  |  | $ | 357 |
Accumulated impairment |  | — |  | (23) |  |  | (39) |  |  | (62) |
Balance at December 31, 2023, net |  | — |  | 195 |  |  | 100 |  |  | 295 |
Acquisitions |  | 803 |  | — |  |  | — |  |  | 803 |
Foreign exchange effect and other |  | — |  | (4) |  |  | (1) |  |  | (5) |
Balance at December 31, 2024, gross |  | 803 |  | 214 |  |  | 138 |  |  | 1,155 |
Accumulated impairment |  | — |  | (23) |  |  | (39) |  |  | (62) |
Balance at December 31, 2024, net |  | 803 |  | 191 |  |  | 99 |  |  | 1,093 |
Acquisitions measurement period adjustments |  | (7) |  | — |  |  | — |  |  | (7) |
Divestiture |  | — |  | (7) |  |  | — |  |  | (7) |
Foreign exchange effect and other |  | — |  | 10 |  |  | 2 |  |  | 12 |
Balance at December 31, 2025, gross |  | 796 |  | 217 |  |  | 140 |  |  | 1,153 |
Accumulated impairment |  | — |  | (23) |  |  | (39) |  |  | (62) |
Balance at December 31, 2025, net |  | $ | 796 |  | $ | 194 |  |  | $ | 101 |  |  | $ | 1,091 |
Schedule of intangible assets by class | Intangible assets, net were comprised of the following (in millions):
|  |  | December 31, 2025 |  | December 31, 2024
| Weighted Average Life (in years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Definite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Technology | 12 |  | $ | 153 |  |  | $ | (19) |  |  | $ | 134 |  |  | $ | 159 |  |  | $ | (12) |  |  | $ | 147 |
Customer relationships | 15 |  | 860 |  |  | (103) |  |  | 757 |  |  | 858 |  |  | (44) |  |  | 814 |
Trade names | 14 |  | 153 |  |  | (21) |  |  | 132 |  |  | 152 |  |  | (10) |  |  | 142 |
Land use rights | 78 |  | 4 |  |  | (1) |  |  | 3 |  |  | 4 |  |  | (1) |  |  | 3 |
Other | 9 |  | 17 |  |  | (16) |  |  | 1 |  |  | 18 |  |  | (17) |  |  | 1 |
Total definite-lived intangible assets |  |  | $ | 1,187 |  |  | $ | (160) |  |  | $ | 1,027 |  |  | $ | 1,191 |  |  | $ | (84) |  |  | $ | 1,107 |
Finite-lived Intangible Assets Amortization Expense |
| For the Year Ended December 31,
(in millions) | 2025 |  | 2024 |  | 2023
Aggregate Amortization Expense | $ | 82 |  |  | $ | 21 |  |  | $ | 3 |
Schedule of intangible assets amortization expense | Estimated aggregate intangible asset amortization expense for each of the next five years is as follows (in millions):
2026 |  | $ | 82 |
2027 |  | 81 |
2028 |  | 81 |
2029 |  | 80 |
2030 |  | 80 |

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