9. Goodwill and Intangible Assets, Net Goodwill consists of the following: | | | | | | | | | | | | | | | | | | | | | March 31, 2026 | | December 31, 2025 | | | Gross | | | | | Net | | Gross | | | | | Net | | | Carrying | | Accumulated | | Carrying | | Carrying | | Accumulated | | Carrying | | | Amount | | Impairment | | Value | | Amount | | Impairment | | Value | | | | (in millions) | Automotive | | $ | 337 | | $ | (87) | | $ | 250 | | $ | 337 | | $ | (87) | | $ | 250 | Food Packaging | | | 6 | | | — | | | 6 | | | 6 | | | — | | | 6 | Home Fashion | | | 24 | | | (3) | | | 21 | | | 24 | | | (3) | | | 21 | Pharma | | | 13 | | | — | | | 13 | | | 13 | | | — | | | 13 | | | $ | 380 | | $ | (90) | | $ | 290 | | $ | 380 | | $ | (90) | | $ | 290 |
Intangible assets, net consists of the following: | | | | | | | | | | | | | | | | | | | | | March 31, 2026 | | December 31, 2025 | | | Gross | | | | | Net | | Gross | | | | | Net | | | Carrying | | Accumulated | | Carrying | | Carrying | | Accumulated | | Carrying | | | Amount | | Amortization | | Value | | Amount | | Amortization | | Value | | | | (in millions) | Definite-lived intangible assets: | | | | | | | | | | | | | | | | | | | Customer relationships | | $ | 392 | | $ | (275) | | $ | 117 | | $ | 392 | | $ | (271) | | $ | 121 | Developed technology | | | 254 | | | (148) | | | 106 | | | 254 | | | (146) | | | 108 | Other | | | 159 | | | (115) | | | 44 | | | 162 | | | (115) | | | 47 | | | $ | 805 | | $ | (538) | | $ | 267 | | $ | 808 | | $ | (532) | | $ | 276 | | | | | | | | | | | | | | | | | | | | Indefinite-lived intangible assets | | | | | | | | $ | 73 | | | | | | | | $ | 73 | Intangible assets, net | | | | | | | | $ | 340 | | | | | | | | $ | 349 |
Amortization expense associated with definite-lived intangible assets was $9 million and $14 million for the three months ended March 31, 2026 and 2025, respectively. We utilize the straight-line method of amortization, recognized over the estimated useful lives of the assets.
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