
	Gross Carrying Amount		Accumulated Impairment Losses		Net Carrying Amount
Balance as of December 31, 2025	$	3,207	$	(3,124)	$	83

Impairment	—		—		—

Balance at March 31, 2026	$	3,207	$	(3,124)	$	83


	March 31, 2026						December 31, 2025
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Intangible assets:
Customer-related and contract based intangibles	$	3,192	$	1,010	$	2,182	$	3,192	$	957	$	2,235
Technology related intangibles	230		182		48		230		172		58
Trade name	408		135		273		408		128		280
Total	$	3,830	$	1,327	$	2,503	$	3,830	$	1,257	$	2,573

Amortization expense from finite-lived intangible assets for the three months ended March 31, 2026 and 2025 was $70 million and $71 million, respectively. Amortization expense from finite-lived intangible assets was recorded in Depreciation and intangible amortization in the Condensed Consolidated Statements of Comprehensive Income (Loss).

The following table reflects intangible assets net carrying amount and weighted-average remaining useful lives as of March 31, 2026 and December 31, 2025 (in millions, except for years):


	March 31, 2026			December 31, 2025
	Net Carrying Amount		Weighted-Average Remaining Useful Lives	Net Carrying Amount		Weighted-Average Remaining Useful Lives
Intangible assets:
Customer-related and contract-based intangibles	$	2,182	10.2	$	2,235	10.5
Technology-related intangibles	48		1.4	58		1.6
Trade name	273		10.3	280		10.5
Total	$	2,503		$	2,573

Subsequent to March 31, 2026, the annual amortization expense is expected to be as follows (in millions):


	Customer-Related and Contract Based Intangibles		Technology Related Intangibles		Trade Name Intangibles		Total
2026 (April - December)	$	160	$	28	$	20	$	208
2027	214		19		27		260
2028	214		1		27		242
2029	214		—		27		241
2030	214		—		27		241
Thereafter	1,166		—		145		1,311
Total amortization expense	$	2,182	$	48	$	273	$	2,503