INTANGIBLE ASSETS, NET

12 Months Ended

Dec. 31, 2025

Finite-lived intangible assets, net consisted of the follow major classes (In millions):


		December 31, 2025
	Weighted Average	Gross Carrying	Accumulated	Net Carrying
	Useful Lives	Amount	Amortization	Value
Acquired developed technology ..........................	9	$13	$1	$12
Trade names and associated trademarks ..............	5	5	—	5
Customer relationships ........................................	20	7	—	7
Dealership rights ..................................................	18	3	1	2
Other ....................................................................	5	5	—	5
Total .....................................................................		$33	$2	$31

Amortization of intangible assets was $1 million, $0.3 million and $0.3 million for the years ended

December 31, 2025, 2024, and 2023, respectively, included in selling, general and administrative expenses on the

consolidated statements of net income. As of December 31, 2025, the Company expects amortization expense to be

approximately $4 million in 2026, $4 million in 2027, $4 million in 2028, $4 million in 2029, $3 million in 2030,

and $12 million thereafter.