v3.22.2.2
Goodwill and Other Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Other Intangible Assets

The following presents a summary of other intangible assets (dollars in millions):

 

 

 

September 30, 2022

 

 

December 31, 2021

 

 

 

Intangible
assets, gross

 

 

Accumulated
amortization

 

 

Intangible
assets, net

 

 

Intangible
assets, gross

 

 

Accumulated
amortization

 

 

Intangible
assets, net

 

Other intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade name

 

$

791

 

 

$

—

 

 

$

791

 

 

$

791

 

 

$

—

 

 

$

791

 

In-process research and development

 

 

25

 

 

 

—

 

 

 

25

 

 

 

25

 

 

 

—

 

 

 

25

 

Customer relationships — commercial

 

 

839

 

 

 

(782

)

 

 

57

 

 

 

839

 

 

 

(751

)

 

 

88

 

Proprietary technology

 

 

484

 

 

 

(478

)

 

 

6

 

 

 

478

 

 

 

(477

)

 

 

1

 

Customer relationships — defense

 

 

62

 

 

 

(53

)

 

 

9

 

 

 

62

 

 

 

(50

)

 

 

12

 

Non-compete agreements

 

 

1

 

 

 

—

 

 

 

1

 

 

 

—

 

 

 

—

 

 

 

—

 

Total

 

$

2,202

 

 

$

(1,313

)

 

$

889

 

 

$

2,195

 

 

$

(1,278

)

 

$

917

 
Schedule of Amortization Expense Related to Other Intangible Assets for Next Five Fiscal Years

Amortization expense related to other intangible assets for the next five fiscal years is expected to be (dollars in millions):

 

 

 

2023

 

 

2024

 

 

2025

 

 

2026

 

 

2027

 

Amortization expense

 

$

45

 

 

$

9

 

 

$

5

 

 

$

2

 

 

$

1

 
Summary of Changes in Goodwill of Single Operating and Reporting Segment

The following presents a summary of the changes in the goodwill of the Company's single operating and reporting segment (dollars in millions):

 

 

 

Goodwill

 

Balance at December 31, 2021

 

$

2,064

 

Acquisitions

 

 

13

 

Foreign currency translation

 

 

(3

)

Net current period impact to goodwill

 

$

10

 

Balance at September 30, 2022

 

$

2,074