| Reconciliation of the change in goodwill |
Reconciliations of the changes in the carrying value of goodwill for the first six months of 2025 and for the year ended December 31, 2024 follow (in millions).
|
|
|
|
|
|
|
|
|
June 30,
2025 |
|
|
December 31,
2024 |
|
Balance at the beginning of the year* |
$ |
83,880 |
|
|
$ |
84,626 |
|
Business acquisitions |
|
61 |
|
|
|
87 |
|
Other, including foreign currency translation |
|
310 |
|
|
|
(833 |
) |
Balance at the end of the period* |
$ |
84,251 |
|
|
$ |
83,880 |
|
—————— * Net of accumulated goodwill impairments of $11.5 billion as of June 30, 2025 and December 31, 2024 and $11.1 billion as of December 31, 2023.
|
| Schedule of intangible assets |
Other intangible assets are summarized below (in millions).
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2025 |
|
|
December 31, 2024 |
|
|
Gross
carrying
amount |
|
Accumulated
amortization |
|
Net
carrying
value |
|
|
Gross
carrying
amount |
|
Accumulated
amortization |
|
Net
carrying
value |
|
Insurance and other: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Customer relationships |
$ |
30,939 |
|
$ |
9,224 |
|
$ |
21,715 |
|
|
$ |
30,941 |
|
$ |
8,840 |
|
$ |
22,101 |
|
Trademarks and trade names |
|
9,031 |
|
|
1,111 |
|
|
7,920 |
|
|
|
9,007 |
|
|
1,041 |
|
|
7,966 |
|
Patents and technology |
|
5,572 |
|
|
4,579 |
|
|
993 |
|
|
|
5,375 |
|
|
4,359 |
|
|
1,016 |
|
Other |
|
5,607 |
|
|
2,156 |
|
|
3,451 |
|
|
|
5,551 |
|
|
1,996 |
|
|
3,555 |
|
|
$ |
51,149 |
|
$ |
17,070 |
|
$ |
34,079 |
|
|
$ |
50,874 |
|
$ |
16,236 |
|
$ |
34,638 |
|
Railroad, utilities and energy: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Customer relationships and contracts |
$ |
1,540 |
|
$ |
762 |
|
$ |
778 |
|
|
$ |
1,553 |
|
$ |
728 |
|
$ |
825 |
|
Other |
|
443 |
|
|
130 |
|
|
313 |
|
|
|
437 |
|
|
126 |
|
|
311 |
|
|
$ |
1,983 |
|
$ |
892 |
|
$ |
1,091 |
|
|
$ |
1,990 |
|
$ |
854 |
|
$ |
1,136 |
|
|