Intangible Assets

9 Months Ended

Sep. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible assets consisted of:


	As of September 30, 2025						As of December 31, 2024
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized Intangible Assets
License agreements	$	309	$	253	$	56	$	306	$	244	$	62
Customer relationships	262		243		19		244		221		23
Other	59		54		5		52		47		5
Total	$	630	$	550	$	80	$	602	$	512	$	90
Unamortized Intangible Assets
Goodwill	$	1,127					$	1,071
Trademarks	$	514					$	511

For the three months ended September 30, 2025 and 2024, amortization expense related to amortizable intangible assets was approximately $6 million and $7 million, respectively. For the nine months ended September 30, 2025 and 2024, amortization expense related to amortizable intangible assets was approximately $17 million and $22 million, respectively.

Based on our amortizable intangible assets as of September 30, 2025, we expect amortization expense of approximately $5 million for the remainder of 2025, $22 million for 2026, $16 million for 2027, $11 million for 2028, $8 million for 2029 and $8 million for 2030, excluding effects of currency exchange rates.