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Goodwill and Acquired Intangible Assets
12 Months Ended
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 millionsBalance December 31,
2022
AdditionsCurrency
Translation
Adjustments
Balance December 31,
2023
Goodwill
Americas$252 $$— $257 
EMEA87 90 
APJ51 (1)51 
Total goodwill$390 $$$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 millionsAmortization
Life (in Years)
Gross Carrying
Amount
Accumulated Amortization
Amount
Acquired intangible assets
Intellectual property/developed technology5$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:
ActualFor the years ended (estimated)
In millions202320242025202620272028
Amortization expense$$$$$$—