v3.25.2
GOODWILL AND INTANGIBLE ASSETS (Tables)
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Goodwill by Business Segment
An analysis of changes in the Company’s goodwill by business segment is as follows (in millions):
 Aerials
MP
ESTotal
Balance at December 31, 2024, gross
$138 $214 803 $1,155 
Accumulated impairment(39)(23)— (62)
Balance at December 31, 2024, net
99 191 803 $1,093 
Foreign exchange effect and other3 12 (6)9 
Balance at June 30, 2025, gross
141 226 797 1,164 
Accumulated impairment(39)(23)— (62)
Balance at June 30, 2025, net
$102 $203 $797 $1,102 
Schedule of Intangible Assets by Class
Intangible assets, net were comprised of the following (in millions):
June 30, 2025December 31, 2024
Weighted Average Life
(in years)		Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Definite-lived intangible assets:
Technology12$159 $(19)$140 $159 $(12)$147 
Customer relationships
15860 (73)787 858 (44)814 
Trade names
14153 (16)137 152 (10)142 
Land use rights
794 (1)3 4 (1)3 
Other1018 (17)1 18 (17)1 
Total definite-lived intangible assets
$1,194 $(126)$1,068 $1,191 $(84)$1,107 
Finite-lived Intangible Assets Amortization Expense
Three Months Ended June 30,
Six Months Ended
June 30,
(in millions)2025202420252024
Aggregate Amortization Expense$20 $1 $41 $1 
Schedule of Intangible Assets Amortization Expense
Estimated aggregate intangible asset amortization expense for each of the next five years is as follows (in millions):
2025$82 
202681 
202781 
202881 
202980