| Schedule of Goodwill |
A summary of the changes in the carrying amount of goodwill is presented in the following tables. Refer to Note 24, “Reportable Segments and Related Information” for more information. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2025 | | (in millions) | Turbos & Thermal Technologies | | Drivetrain & Morse Systems | | PowerDrive Systems | | Battery & Charging Systems | | Total | | Gross goodwill balance, January 1 | $ | 1,235 | | | $ | 1,120 | | | $ | 468 | | | $ | 613 | | | $ | 3,436 | | | Accumulated impairment losses, January 1 | (502) | | | — | | | (468) | | | (109) | | | (1,079) | | | Net goodwill balance, January 1 | $ | 733 | | | $ | 1,120 | | | $ | — | | | $ | 504 | | | $ | 2,357 | | | Goodwill during the year: | | | | | | | | | | | Impairment | — | | | — | | | — | | | (423) | | | (423) | | | Other, primarily translation adjustment | 44 | | | 12 | | | — | | | 65 | | | 121 | | | Net goodwill balance, December 31 | $ | 777 | | | $ | 1,132 | | | $ | — | | | $ | 146 | | | $ | 2,055 | | | | | | | | | | | | | Gross goodwill balance, December 31 | $ | 1,279 | | | $ | 1,132 | | | $ | 468 | | | $ | 678 | | | $ | 3,557 | | | Accumulated impairment losses, December 31 | (502) | | | — | | | (468) | | | (532) | | | (1,502) | | | Net goodwill balance, December 31 | $ | 777 | | | $ | 1,132 | | | $ | — | | | $ | 146 | | | $ | 2,055 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2024 | | (in millions) | Turbos & Thermal Technologies | | Drivetrain & Morse Systems | | PowerDrive Systems | | Battery & Charging Systems | | Total | | Gross goodwill balance, January 1 | $ | 1,257 | | | $ | 1,126 | | | $ | 481 | | | $ | 651 | | | $ | 3,515 | | | Accumulated impairment losses, January 1 | (502) | | | — | | | — | | | — | | | (502) | | | Net goodwill balance, January 1 | $ | 755 | | | $ | 1,126 | | | $ | 481 | | | $ | 651 | | | $ | 3,013 | | | Goodwill during the year: | | | | | | | | | | | | | | | | | | | | | Impairment | — | | | — | | | (468) | | | (109) | | | (577) | | Measurement period adjustments1 | — | | | — | | | 6 | | | — | | | 6 | | | | | | | | | | | | | Other, primarily translation adjustment | (22) | | | (6) | | | (19) | | | (38) | | | (85) | | | Net goodwill balance, December 31 | $ | 733 | | | $ | 1,120 | | | $ | — | | | $ | 504 | | | $ | 2,357 | | | | | | | | | | | | | Gross goodwill balance, December 31 | $ | 1,235 | | | $ | 1,120 | | | $ | 468 | | | $ | 613 | | | $ | 3,436 | | | Accumulated impairment losses, December 31 | (502) | | | — | | | (468) | | | (109) | | | (1,079) | | | Net goodwill balance, December 31 | $ | 733 | | | $ | 1,120 | | | $ | — | | | $ | 504 | | | $ | 2,357 | |
_____________________________ 1 Measurement period adjustments relate to the Company’s 2023 purchase of Eldor Corporation.
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| Schedule of Intangible Assets Gross Roll Forward |
The Company’s other intangible assets, primarily from acquisitions, consist of the following: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | December 31, 2024 | | (in millions) | Estimated useful lives (years) | | Gross
carrying
amount | | Accumulated
amortization | | Net
carrying
amount | | Gross
carrying
amount | | Accumulated
amortization | | Net
carrying
amount | | Amortized intangible assets: | | | | | | | | | | | | | | | Patented and unpatented technology | 5 - 15 | | $ | 338 | | | $ | 210 | | | $ | 128 | | | $ | 352 | | | $ | 172 | | | $ | 180 | | | Customer relationships | 6 - 15 | | 639 | | | 379 | | | 260 | | | 610 | | | 321 | | | 289 | | | Miscellaneous | 2 - 5 | | 10 | | | 8 | | | 2 | | | 9 | | | 7 | | | 2 | | | Total amortized intangible assets | | | 987 | | | 597 | | | 390 | | | 971 | | | 500 | | | 471 | | | Unamortized trade names | | | 4 | | | — | | | 4 | | | 3 | | | — | | | 3 | | | Total other intangible assets | | | $ | 991 | | | $ | 597 | | | $ | 394 | | | $ | 974 | | | $ | 500 | | | $ | 474 | |
A roll forward of the gross carrying amounts and related accumulated amortization of the Company’s other intangible assets is presented below: | | | | | | | | | | | | | | | | | | | | | | | | | Gross carrying amounts | | Accumulated amortization | | (in millions) | 2025 | | 2024 | | 2025 | | 2024 | | Beginning balance, January 1 | $ | 974 | | | $ | 1,020 | | | $ | 500 | | | $ | 456 | | Measurement period adjustments1 | — | | | (4) | | | — | | | — | | | | | | | | | | | Impairment / write-offs | (36) | | | (3) | | | (9) | | | — | | | Amortization | — | | | — | | | 66 | | | 69 | | | Translation adjustment | 53 | | | (39) | | | 40 | | | (25) | | | Ending balance, December 31 | $ | 991 | | | $ | 974 | | | $ | 597 | | | $ | 500 | |
_____________________________ 1 Measurement period adjustments relate to the Company’s 2023 purchase of Eldor Corporation.
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