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Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill by Reporting Unit

The following table presents the net carrying amount of goodwill allocated by segment, and changes during 2024:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

Balance at
December 31,
2023

 

 

Acquisitions

 

 

Divestitures(1)

 

 

Impairment

 

 

Translation

 

 

Balance at
December 31,
2024

 

Americas

 

$

724

 

 

$

—

 

 

$

(9

)

 

$

—

 

 

$

—

 

 

$

715

 

Asia Pacific

 

 

57

 

 

 

—

 

 

 

(13

)

 

 

—

 

 

 

(3

)

 

 

41

 

 

 

$

781

 

 

$

—

 

 

$

(22

)

 

$

—

 

 

$

(3

)

 

$

756

 

(1) The amounts reflect the goodwill on assets classified as held for sale due to the sale of the OTR business.

The following table presents the net carrying amount of goodwill allocated by segment, and changes during 2023:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

Balance at
December 31,
2022

 

 

Acquisitions

 

 

Divestitures

 

 

Impairment

 

 

Translation

 

 

Balance at
December 31,
2023

 

Americas

 

$

724

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

724

 

Europe, Middle East and Africa (1)

 

 

232

 

 

 

—

 

 

 

—

 

 

 

(230

)

 

 

(2

)

 

 

—

 

Asia Pacific

 

 

58

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(1

)

 

 

57

 

 

 

$

1,014

 

 

$

—

 

 

$

—

 

 

$

(230

)

 

$

(3

)

 

$

781

 

 

(1) The decrease during 2023 was due to the EMEA goodwill impairment. The accumulated amount of impairment recognized against EMEA's goodwill is $412 million.
Indefinite-Lived Intangible Assets

The following table presents information about intangible assets at December 31:

 

 

 

2024

 

 

2023

 

(In millions)

 

Gross
Carrying
Amount(1)

 

 

Accumulated
Amortization /Impairment Charges(1)

 

 

Net
Carrying
Amount

 

 

Gross
Carrying
Amount(1)

 

 

Accumulated
Amortization /Impairment Charges(1)

 

 

Net
Carrying
Amount

 

Intangible assets with indefinite lives

 

$

680

 

 

$

(131

)

 

$

549

 

 

$

687

 

 

$

(6

)

 

$

681

 

Customer relationships

 

 

350

 

 

 

(108

)

 

 

242

 

 

 

350

 

 

 

(77

)

 

 

273

 

Other intangible assets

 

 

30

 

 

 

(25

)

 

 

5

 

 

 

30

 

 

 

(25

)

 

 

5

 

Trademarks and patents

 

 

29

 

 

 

(20

)

 

 

9

 

 

 

29

 

 

 

(19

)

 

 

10

 

 

 

$

1,089

 

 

$

(284

)

 

$

805

 

 

$

1,096

 

 

$

(127

)

 

$

969

 

 

(1)
Includes impact of foreign currency translation.