12. Intangible Assets, Net | | | | | | | | | March 31, | | December 31, | ($ in millions) | | 2025 | | 2024 | | | | | | | | Acquired customer relationships and other intangibles (net of accumulated amortization and impairment losses of $1.16 billion at March 31, 2025, and $1.11 billion at December 31, 2024) | | $ | 1,013 | | $ | 1,031 | Capitalized software (net of accumulated amortization of $171 million at March 31, 2025, and $168 million at December 31, 2024) | | | 28 | | | 28 | Other intangibles (net of accumulated amortization of $13 million at March 31, 2025, and $12 million at December 31, 2024) | | | 21 | | | 21 | | | $ | 1,062 | | $ | 1,080 |
Total amortization expense of intangible assets was $36 million and $42 million for the three months ended March 31, 2025 and 2024, respectively.
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