v3.26.1
Goodwill and Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Rollforward of Goodwill
The following table presents the rollforward of goodwill:

(Dollars in millions)
As of December 31, 2025(1)
$3,638 
As of March 31, 2026(1)
$3,638 
______________________________________________________________________
(1)     Goodwill as of both March 31, 2026 and December 31, 2025 is net of accumulated impairment losses of $4.4 billion.
Schedule of Intangible Assets, Net
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)
Capitalized software(1)
$1,657 1,538 119 1,753 1,642 111 
______________________________________________________________________
(1)     Certain capitalized software with a gross carrying value of $80 million became fully amortized during 2025 and were retired during the first quarter of 2026.
Amortization Expense for Intangible Assets
Total amortization expense for intangible assets was as follows:

Three Months Ended March 31,
20262025
(Dollars in millions)
Amortization expense
$7 8