v3.25.4
GOODWILL AND INTANGIBLE ASSETS (Tables)
 12 Months Ended
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 
Acquisitions803 — — 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, 2025December 31, 2024
Weighted Average Life
(in years)		Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Definite-lived intangible assets:
Technology12$153 $(19)$134 $159 $(12)$147 
Customer relationships
15860 (103)757 858 (44)814 
Trade names
14153 (21)132 152 (10)142 
Land use rights
784 (1)3 4 (1)3 
Other917 (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)202520242023
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 
202781 
202881 
202980 
203080