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Goodwill and Acquired Intangible Assets | 12 Months Ended
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Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Acquired Intangible Assets | Goodwill and Acquired Intangible Assets The following table identifies the activity relating to goodwill by operating segment:
In millions | Balance December 31, 2022 |  | Additions |  | Currency Translation Adjustments |  | Balance December 31, 2023
Goodwill |  |  |  |  |  |  |
Americas | $ | 252 |  |  | $ | 5 |  |  | $ | — |  |  | $ | 257 |
EMEA | 87 |  |  | 1 |  |  | 2 |  |  | 90 |
APJ | 51 |  |  | 1 |  |  | (1) |  |  | 51 |
Total goodwill | $ | 390 |  |  | $ | 7 |  |  | $ | 1 |  |  | $ | 398 |
During 2023, the Company recorded additional goodwill for the immaterial acquisition of Stemma Technologies that occurred during the period. In the fourth quarter of 2023, the Company performed its annual impairment test, utilizing the quantitative method, and determined that no impairment to the carrying value of goodwill was necessary as each reporting units fair value was above it carrying value. The Company reviewed its three reporting units in its 2023 goodwill impairment assessment, as each of the geographic operating segments were considered separate reporting units for purposes of testing. Acquired intangible assets were specifically identified when acquired and are deemed to have finite lives. The gross carrying amount and accumulated amortization for Teradata’s acquired intangible assets were as follows:
|  |  |  |  |  | December 31, 2023 |  |
In millions |  | Amortization Life (in Years) |  | Gross Carrying Amount |  | Accumulated Amortization Amount |  |
Acquired intangible assets |  |  |  |  |  |  |  |  |  |
Intellectual property/developed technology |  | 5 |  | $ | 14 |  |  | $ | (2) |  |  |
During 2023, the Company recorded intangibles for intellectual property related to the immaterial acquisition of Stemma Technologies that occurred during the period. The aggregate amortization expense (actual and estimated) for acquired intangible assets for the following periods is:
| Actual |  | For the years ended (estimated)
In millions | 2023 |  | 2024 |  | 2025 |  | 2026 |  | 2027 |  | 2028
Amortization expense | $ | 2 |  |  | $ | 3 |  |  | $ | 3 |  |  | $ | 3 |  |  | $ | 3 |  |  | $ | — |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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