The following table provides a summary of the components of our intangible assets:
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As of June 30, 2025 |
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As of December 31, 2024 |
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Accumulated |
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Accumulated |
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(In millions) |
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Gross |
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Amortization |
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Net |
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Gross |
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Amortization |
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Net |
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Trade names(1) |
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$ |
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141 |
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$ |
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— |
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$ |
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141 |
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$ |
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141 |
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$ |
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— |
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$ |
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141 |
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Value of business acquired |
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148 |
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(16 |
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132 |
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148 |
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(1 |
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147 |
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Home warranty customer relationships |
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208 |
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(175 |
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33 |
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214 |
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(173 |
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41 |
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Builder relationships |
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71 |
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(3 |
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68 |
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73 |
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— |
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72 |
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Developed technology |
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35 |
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(23 |
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12 |
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35 |
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(19 |
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16 |
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Other |
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60 |
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(34 |
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26 |
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63 |
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(32 |
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31 |
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Total |
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$ |
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663 |
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$ |
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(251 |
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$ |
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412 |
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$ |
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673 |
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$ |
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(225 |
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$ |
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448 |
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(1)Not subject to amortization.
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