Intangible Assets

3 Months Ended

Mar. 31, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

Note 3—Intangible Assets

Intangible assets, net is composed of the following:


	March 31, 2026					December 31, 2025
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount	Gross Carrying Amount	Accumulated Amortization	Net Carrying Amount
	(Dollars in millions)
Customer relationships	$	7,547	$	5,094	2,453	7,547	4,945	2,602
Capitalized software(1)	5,422		3,689		1,733	5,743	3,940	1,803
Patents and other	158		104		54	158	100	58
Total	$	13,127	8,887		4,240	13,448	8,985	4,463

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(1) Certain capitalized software with a gross carrying value of $259 million became fully amortized during 2025 and were retired during the first quarter of 2026.

Total amortization expense for intangible assets was as follows:


	Three Months Ended March 31,
	2026		2025
	(Dollars in millions)
Amortization expense	$	251	252