v3.25.2
Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following summarizes the Company's goodwill (in millions):
June 30, 2025December 31, 2024
Balance at the beginning of the period:
Goodwill, gross$1,334 $1,154 
Accumulated impairment losses(664)(671)
Goodwill670 483 
Additions2,229 190 
Currency translation(3)
Balance at the end of the period:
Goodwill, gross3,570 1,334 
Accumulated impairment losses(669)(664)
Goodwill$2,901 $670 
Schedule of Finite Lived Intangible Assets, Net
Intangible assets, net, consisted of the following major classes (in millions):
 June 30, 2025
 Gross Carrying AmountAccumulated AmortizationNet Carrying Value
Finite-lived intangible assets: 
Customer-related and non-compete agreements$1,452 $(134)$1,318 
Internally developed software(a)
48 (15)33 
Total1,500 (149)1,351 
Indefinite-lived intangible assets: 
Trade name271 — 271 
Total intangible assets, net$1,771 $(149)$1,622 
(a) Includes capitalized costs of $22 million yet to be placed into service.
 December 31, 2024
 Gross Carrying
Amount
Accumulated
Amortization
Net Carrying Value
Finite-lived intangible assets:  
Customer-related and non-compete agreements$382 $(106)$276 
Internally developed software(a)
39 (14)25 
Total421 (120)301 
Indefinite-lived intangible assets: 
Trade name271 — 271 
Total intangible assets, net$692 $(120)$572 
(a) Includes capitalized costs of $14 million yet to be placed into service.
Schedule of Indefinite Lived Intangible Assets, Net
Intangible assets, net, consisted of the following major classes (in millions):
 June 30, 2025
 Gross Carrying AmountAccumulated AmortizationNet Carrying Value
Finite-lived intangible assets: 
Customer-related and non-compete agreements$1,452 $(134)$1,318 
Internally developed software(a)
48 (15)33 
Total1,500 (149)1,351 
Indefinite-lived intangible assets: 
Trade name271 — 271 
Total intangible assets, net$1,771 $(149)$1,622 
(a) Includes capitalized costs of $22 million yet to be placed into service.
 December 31, 2024
 Gross Carrying
Amount
Accumulated
Amortization
Net Carrying Value
Finite-lived intangible assets:  
Customer-related and non-compete agreements$382 $(106)$276 
Internally developed software(a)
39 (14)25 
Total421 (120)301 
Indefinite-lived intangible assets: 
Trade name271 — 271 
Total intangible assets, net$692 $(120)$572 
(a) Includes capitalized costs of $14 million yet to be placed into service.