| GOODWILL AND INTANGIBLE ASSETS |
GOODWILL AND INTANGIBLE ASSETS The Company’s policy is to assess goodwill and indefinite-lived intangible assets for impairment annually as of April 1, with more frequent assessments if events or changes in circumstances indicate a given asset might be impaired. For the three months ended March 31, 2026, the Company considered qualitative and quantitative factors to determine whether any events or changes in circumstances had resulted in a more likely than not impairment of any of its goodwill or indefinite-lived intangible assets during the course of the quarter, and concluded there were no such indicators. A reconciliation of changes in the Company’s goodwill by reportable segment is as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in millions) | | | | | | Connected Technology Solutions | | Essential Dental Solutions | | Orthodontic and Implant Solutions | | Wellspect Healthcare | | Total | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance at December 31, 2025 | | | | | | | | | | | | | | | | Goodwill | | | | | | $ | 291 | | | $ | 860 | | | $ | 1,298 | | | $ | 288 | | | $ | 2,737 | | | Accumulated impairment losses | | | | | | (291) | | | — | | | (1,298) | | | — | | | (1,589) | | | Goodwill, net at December 31, 2025 | | | | | | — | | | 860 | | | — | | | 288 | | | 1,148 | | | Translation | | | | | | — | | | (3) | | | — | | | (3) | | | (6) | | | Impairment | | | | | | — | | | — | | | — | | | — | | | — | | | Goodwill, net at March 31, 2026 | | | | | | $ | — | | | $ | 857 | | | $ | — | | | $ | 285 | | | $ | 1,142 | | | | | | | | | | | | | | | | | Accumulated impairment losses at March 31, 2026 | | | | | | (291) | | | — | | | (1,298) | | | — | | | (1,589) | | | | | | | | | | | | | | | | | |
Identifiable definite-lived and indefinite-lived intangible assets were as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | March 31, 2026 | | December 31, 2025 | | (in millions) | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | | | | | | | | | | | | | | | Developed technology and patents | | $ | 1,763 | | | $ | (1,340) | | | $ | 423 | | | $ | 1,783 | | | $ | (1,334) | | | $ | 449 | | Trade names and trademarks | | 84 | | | (79) | | | 5 | | | 84 | | | (79) | | | 5 | | | Licensing agreements | | 42 | | | (30) | | | 12 | | | 42 | | | (29) | | | 13 | | | Customer relationships | | 1,089 | | | (857) | | | 232 | | | 1,098 | | | (847) | | | 251 | | | Total definite-lived | | 2,978 | | | (2,306) | | | 672 | | | 3,007 | | | (2,289) | | | 718 | | | | | | | | | | | | | | | Indefinite-lived trade names and trademarks | | $ | 247 | | | $ | — | | | $ | 247 | | | $ | 251 | | | $ | — | | | $ | 251 | | | In-process R&D | | 5 | | | — | | | 5 | | | 5 | | | — | | | 5 | | | Total indefinite-lived | | 252 | | | — | | | 252 | | | 256 | | | — | | | 256 | | | | | | | | | | | | | | | | Total identifiable intangible assets | | $ | 3,230 | | | $ | (2,306) | | | $ | 924 | | | $ | 3,263 | | | $ | (2,289) | | | $ | 974 | | |
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