Intangible Assets

6 Months Ended

Jun. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible assets consisted of:


	As of June 30, 2025						As of December 31, 2024
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized Intangible Assets
License agreements	$	310	$	250	$	60	$	306	$	244	$	62
Customer relationships	263		242		21		244		221		23
Other	59		54		5		52		47		5
Total	$	632	$	546	$	86	$	602	$	512	$	90
Unamortized Intangible Assets
Goodwill	$	1,133					$	1,071
Trademarks	$	516					$	511

For the three months ended June 30, 2025 and 2024, amortization expense related to amortizable intangible assets was approximately $5 million and $7 million, respectively. For the six months ended June 30, 2025 and 2024, amortization expense related to amortizable intangible assets was approximately $11 million and $15 million, respectively.

Based on our amortizable intangible assets as of June 30, 2025, we expect amortization expense of approximately $11 million for the remainder of 2025, $22 million for 2026, $17 million for 2027, $10 million for 2028, $8 million for 2029 and $8 million for 2030, excluding effects of currency exchange rates.