Intangibles, Net

6 Months Ended

Jun. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

6 – Intangibles, Net

The components of intangible assets, net were as follows:


(Dollars in millions)	June 30, 2025		December 31, 2024
Developed and Acquired Technology, Net of Accumulated Amortization of $606 at June 30, 2025 and $592 at December 31, 2024	$	118	$	126
Trade Names, Net of Accumulated Amortization of $222 at June 30, 2025 and $201 at December 31, 2024	187		199
Intangibles, Net of Accumulated Amortization of $828 at June 30, 2025 and $793 at December 31, 2024	$	305	$	325

Amortization expense was $15 million and $29 million in the three and six months ended June 30, 2025, respectively, and $41 million and $82 million in the three and six months ended June 30, 2024, respectively, and is reported in “Selling, General and Administrative” on our Condensed Consolidated Statements of Operations. The decrease in amortization expense was primarily due to full amortization of certain intangible assets as of December 31, 2024.