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Goodwill and Other Intangible Assets, Net
 9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets, Net Goodwill and Other Intangible Assets, Net
Goodwill activity for the nine months ended September 30, 2025 is as follows (in millions):
September 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 Development2,291 62 2,353 3,440 (1,087)
Outdoor and Recreation— — — 788 (788)
$3,038 $62 $3,100 $8,280 $(5,180)

Other intangible assets, net, are comprised of the following (in millions):
September 30, 2025December 31, 2024
Gross
Carrying
Amount
Accumulated Amortization
Net Book
Value
Gross
Carrying
Amount
Accumulated
Amortization
Net Book
Value
Tradenames — indefinite life$894 $— $894 $844 $— $844 
Tradenames — other538 (175)363 531 (135)396 
Capitalized software667 (549)118 661 (543)118 
Customer relationships and distributor channels1,039 (415)624 1,025 (375)650 
$3,138 $(1,139)$1,999 $3,061 $(1,053)$2,008 
Amortization expense for intangible assets was $30 million and $34 million for the three months ended September 30, 2025 and 2024, respectively and $94 million and $103 million for the nine months ended September 30, 2025 and 2024, respectively.

During the third quarter of 2024, the Company concluded that triggering events had occurred for indefinite-lived tradenames in the H&CS and L&D segments, as a result of downward revisions of forecasted cash flows primarily due to lower volume and profitability expectations. The Company performed quantitative impairment tests and determined that certain indefinite-lived tradenames in the H&CS and L&D segments were impaired. During the third quarter of 2024, the Company recorded non-cash impairment charges of $190 million and $70 million for certain indefinite-lived tradenames in the H&CS and L&D segments, respectively, as the carrying values exceeded their fair values.