v3.25.3
Goodwill and Intangible Assets
 9 Months Ended
Sep. 28, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets GOODWILL AND INTANGIBLE ASSETS
Goodwill. The changes in the carrying amount of goodwill by reporting unit were as follows:
AerospaceMarine SystemsCombat SystemsTechnologiesTotal
Goodwill
December 31, 2024 (a)
$3,085 $297 $2,758 $14,416 $20,556 
Acquisitions (b)20 — 1 7 28 
Other (c)229 — 47 11 287 
September 28, 2025 (a)
$3,334 $297 $2,806 $14,434 $20,871 
(a)Goodwill in the Technologies reporting unit was net of $1.8 billion of accumulated impairment losses.
(b)Included adjustments during the purchase price allocation period.
(c)Consisted primarily of adjustments for foreign currency translation.
Intangible Assets. Intangible assets consisted of the following:
Gross Carrying Amount (a)Accumulated AmortizationNet Carrying AmountGross Carrying Amount (a)Accumulated AmortizationNet Carrying Amount
September 28, 2025December 31, 2024
Contract and program intangible assets (b)$3,238 $(2,076)$1,162 $3,278 $(1,989)$1,289 
Trade names and trademarks568 (336)232 511 (289)222 
Technology and software62 (54)8 61 (52)9 
Other intangible assets60 (60)— 60 (60)— 
Total intangible assets$3,928 $(2,526)$1,402 $3,910 $(2,390)$1,520 
(a)Changes in gross carrying amounts consisted primarily of foreign currency translation and adjustments for acquired and divested intangible assets.
(b)Consisted of acquired backlog and probable follow-on work and associated customer relationships.
Amortization expense is included in operating costs and expenses in the Consolidated Statement of Earnings. Amortization expense for intangible assets was $44 and $131 for the three- and nine-month periods ended September 28, 2025, and $45 and $134 for the three- and nine-month periods ended September 29, 2024, respectively.