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Goodwill and Other Intangible Assets, Net | 6 Months Ended
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Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets, Net | Goodwill and Other Intangible Assets, Net Goodwill activity for the six months ended June 30, 2025 is as follows (in millions):
|  |  |  |  |  | June 30, 2025
Segments | Net Book Value at December 31, 2024 |  |  | Foreign Exchange |  | Net Book Value |  | Gross Carrying Amount |  | Accumulated Impairment Charges
Home and Commercial Solutions | $ | 747 |  |  |  | $ | — |  |  | $ | 747 |  |  | $ | 4,052 |  |  | $ | (3,305) |
Learning and Development | 2,291 |  |  |  | 65 |  |  | 2,356 |  |  | 3,443 |  |  | (1,087) |
Outdoor and Recreation | — |  |  |  | — |  |  | — |  |  | 788 |  |  | (788) |
| $ | 3,038 |  |  |  | $ | 65 |  |  | $ | 3,103 |  |  | $ | 8,283 |  |  | $ | (5,180) |
Other intangible assets, net, are comprised of the following (in millions):
| June 30, 2025 |  | December 31, 2024 |  |
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Book Value |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Book Value |  |
Tradenames — indefinite life | $ | 896 |  |  | $ | — |  |  | $ | 896 |  |  | $ | 844 |  |  | $ | — |  |  | $ | 844 |  |  |
Tradenames — other | 539 |  |  | (163) |  |  | 376 |  |  | 531 |  |  | (135) |  |  | 396 |  |  |
Capitalized software | 660 |  |  | (543) |  |  | 117 |  |  | 661 |  |  | (543) |  |  | 118 |  |  |
Customer relationships and distributor channels | 1,040 |  |  | (404) |  |  | 636 |  |  | 1,025 |  |  | (375) |  |  | 650 |  |  |
| $ | 3,135 |  |  | $ | (1,110) |  |  | $ | 2,025 |  |  | $ | 3,061 |  |  | $ | (1,053) |  |  | $ | 2,008 |  |  |
Amortization expense for intangible assets was $32 million and $35 million for the three months ended June 30, 2025 and 2024, respectively and $64 million and $69 million for the six months ended June 30, 2025 and 2024, respectively.

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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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