GOODWILL AND OTHER INTANGIBLE ASSETS |
9 Months Ended | ||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2025 | |||||||||||||||||||||||||||||||
| Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||
| GOODWILL AND OTHER INTANGIBLE ASSETS | GOODWILL AND OTHER INTANGIBLE ASSETS
(a) During the third quarter of 2025, we signed a binding agreement to sell the Proficy business, which resulted in $299 million of goodwill being reclassified to Assets held for sale on the Consolidated and Combined Statement of Financial Position. See Note 3 for further information. We assess the possibility that a reporting unit’s fair value has been reduced below its carrying amount due to the occurrence of events or circumstances between annual impairment testing dates. In the third quarter of 2025, we did not identify any reporting units that required an interim impairment test. Intangible assets. All intangible assets are subject to amortization. Intangible assets decreased $66 million during the nine months ended September 30, 2025, primarily as a result of amortization, partially offset by acquisitions. Amortization expense was $61 million and $63 million for the three months ended and $177 million and $188 million for the nine months ended September 30, 2025 and 2024, respectively.
|