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GOODWILL AND OTHER INTANGIBLE ASSETS | 9 Months Ended
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Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS | GOODWILL AND OTHER INTANGIBLE ASSETS The following table summarizes changes in the carrying amount of goodwill during the nine months ended September 30, 2025.
In millions | Semiconductor Technologies | Interconnect Solutions |  | Total
Balance at December 31, 2024 | $ | 4,453 |  | $ | 2,926 |  |  | $ | 7,379 |
Currency translation adjustment | 91 |  | 27 |  |  | 118 |
Balance at September 30, 2025 | $ | 4,544 |  | $ | 2,953 |  |  | $ | 7,497 |
Qnity tests goodwill for impairment annually during the fourth quarter, or more frequently when events or changes in circumstances indicate that the fair value of a reporting unit is below its carrying value. Effective in the first quarter of 2025, in anticipation of the Separation, DuPont realigned its segment structure. The realignment of DuPont’s segments served as a triggering event requiring the Company to perform an impairment analysis related to goodwill prior to and subsequent to the realignment. As part of the realignment, the Company assessed and redefined certain reporting units, including reallocation of goodwill on a relative fair value basis, as applicable, to the reporting units impacted. Goodwill impairment analyses were then performed for reporting units impacted and no impairments were identified. The fair value of each reporting unit tested was estimated using a combination of a discounted cash flow model and market approach, with both approaches receiving equal weighting. The Company’s significant assumptions in these analyses include, but are not limited to, projected revenue growth, EBITDA margin, weighted average cost of capital and terminal growth rate and EBITDA market multiples from comparable market transactions for the market approach. Other Intangible Assets The gross carrying amounts and accumulated amortization of other intangible assets with finite lives, by major class are as follows:
| September 30, 2025 | December 31, 2024
In millions | Gross Carrying Amount | Accumulated Amortization | Net | Gross Carrying Amount | Accumulated Amortization | Net
Other intangible assets: |  |  |  |  |  |
Developed technology | $ | 544 |  | $ | (336) |  | $ | 208 |  | $ | 605 |  | $ | (357) |  | $ | 248 |
Trademarks/tradenames | 55 |  | (37) |  | 18 |  | 55 |  | (34) |  | 21 |
Customer-related | 2,130 |  | (1,196) |  | 934 |  | 2,353 |  | (1,336) |  | 1,017 |
Total other intangible assets | $ | 2,729 |  | $ | (1,569) |  | $ | 1,160 |  | $ | 3,013 |  | $ | (1,727) |  | $ | 1,286 |
The following table provides the net carrying value of other intangible assets by segment:
Net Other Intangibles by Segment | September 30, 2025 | December 31, 2024
In millions
Semiconductor Technologies | $ | 276 |  | $ | 314 |
Interconnect Solutions | 884 |  | 972 |
Total | $ | 1,160 |  | $ | 1,286 |
Total estimated amortization expense for the remainder of 2025 and the five succeeding fiscal years is as follows:
Estimated Amortization Expense |
In millions |
Remainder of 2025 | $ | 48 |
2026 | $ | 197 |
2027 | $ | 166 |
2028 | $ | 141 |
2029 | $ | 107 |
2030 | $ | 88 |

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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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