v3.25.2
Goodwill and Intangible Assets
 6 Months Ended
Jun. 29, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets GOODWILL AND INTANGIBLE ASSETS
Goodwill. The changes in the carrying amount of goodwill by reporting unit were as follows:
AerospaceMarine SystemsCombat SystemsTechnologiesTotal
Goodwill
December 31, 2024 (a)
$3,085 $297 $2,758 $14,416 $20,556 
Acquisitions (b)— — 1 7 8 
Other (c)229 — 65 18 312 
June 29, 2025 (a)
$3,314 $297 $2,824 $14,441 $20,876 
(a)Goodwill in the Technologies reporting unit was net of $1.8 billion of accumulated impairment losses.
(b)Included adjustments during the purchase price allocation period.
(c)Consisted primarily of adjustments for foreign currency translation.
Intangible Assets. Intangible assets consisted of the following:
Gross Carrying Amount (a)Accumulated AmortizationNet Carrying AmountGross Carrying Amount (a)Accumulated AmortizationNet Carrying Amount
June 29, 2025December 31, 2024
Contract and program intangible assets (b)$3,233 $(2,041)$1,192 $3,278 $(1,989)$1,289 
Trade names and trademarks568 (332)236 511 (289)222 
Technology and software62 (53)9 61 (52)9 
Other intangible assets60 (60)— 60 (60)— 
Total intangible assets$3,923 $(2,486)$1,437 $3,910 $(2,390)$1,520 
(a)Changes in gross carrying amounts consisted primarily of foreign currency translation and adjustments for acquired and divested intangible assets.
(b)Consisted of acquired backlog and probable follow-on work and associated customer relationships.
Amortization expense is included in operating costs and expenses in the Consolidated Statement of Earnings. Amortization expense for intangible assets was $43 and $87 for the three- and six-month periods ended June 29, 2025, and $44 and $89 for the three- and six-month periods ended June 30, 2024, respectively.