v3.25.2
Goodwill and Other Intangible Assets
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets

NOTE E. GOODWILL AND OTHER INTANGIBLE ASSETS

As of June 30, 2025 and December 31, 2024, the carrying value of the Company’s Goodwill was $2,076 million and $2,075 million, respectively.

The following presents a summary of other intangible assets (dollars in millions):

 

 

 

June 30, 2025

 

 

December 31, 2024

 

 

 

Intangible
assets, gross

 

 

Accumulated
amortization

 

 

Intangible
assets, net

 

 

Intangible
assets, gross

 

 

Accumulated
amortization

 

 

Intangible
assets, net

 

Other intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade name

 

$

791

 

 

$

—

 

 

$

791

 

 

$

791

 

 

$

—

 

 

$

791

 

Customer relationships — commercial

 

 

839

 

 

 

(838

)

 

 

1

 

 

 

839

 

 

 

(837

)

 

 

2

 

Proprietary technology

 

 

507

 

 

 

(482

)

 

 

25

 

 

 

507

 

 

 

(481

)

 

 

26

 

Customer relationships — defense

 

 

62

 

 

 

(61

)

 

 

1

 

 

 

62

 

 

 

(59

)

 

 

3

 

Non-compete agreement

 

 

1

 

 

 

(1

)

 

 

—

 

 

 

1

 

 

 

(1

)

 

 

—

 

Total

 

$

2,200

 

 

$

(1,382

)

 

$

818

 

 

$

2,200

 

 

$

(1,378

)

 

$

822

 

 

Amortization expense related to other intangible assets for the next five fiscal years is expected to be (dollars in millions):

 

 

 

2026

 

 

2027

 

 

2028

 

 

2029

 

 

2030

 

Amortization expense

 

$

3

 

 

$

3

 

 

$

2

 

 

$

2

 

 

$

2