v3.26.1
Intangible Assets and Goodwill (Tables)
 3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Intangible assets
Intangible assets were comprised of the following:
 
 March 31, 2026
(Millions of dollars)Gross
Carrying
Amount		Accumulated
Amortization		Net
Customer relationships$2,097 $(1,909)$188 
Intellectual property598 (396)202 
Other121 (92)29 
Total finite-lived intangible assets$2,816 $(2,397)$419 

 December 31, 2025
Gross
Carrying
Amount		Accumulated
Amortization		Net
Customer relationships$2,012 $(1,877)$135 
Intellectual property479 (399)80 
Other117 (91)26 
Total finite-lived intangible assets$2,608 $(2,367)$241 
Summary of expected amortization expense related to intangible assets
Amortization expense related to intangible assets is expected to be:

(Millions of dollars)
Remaining Nine Months of 20262027202820292030Thereafter
$77$60$53$50$47$132
Summary of Goodwill acquired
The changes in carrying amount of goodwill by reportable segment for the three months ended March 31, 2026 were as follows: 

​
(Millions of dollars)December 31,
2025
Acquisitions3
Other Adjustments 1
March 31,
2026
Construction Industries
Goodwill$264 $— $(1)$263 
Impairments(22)— — (22)
Net goodwill242 — (1)241 
Resource Industries
Goodwill5,086 546 8 5,640 
Impairments(2,100)— — (2,100)
Net goodwill2,986 546 8 3,540 
Power & Energy
Goodwill2,054 — (8)2,046 
All Other 2
Goodwill39 — (1)38 
Consolidated total
Goodwill7,443 546 (2)7,987 
Impairments(2,122)— — (2,122)
Net goodwill$5,321 $546 $(2)$5,865 

1 Other adjustments are comprised primarily of foreign currency translation.
2 Includes All Other Segment (See Note 16).
3 See Note 22 - Acquisitions.