v3.26.1
Goodwill and Other Intangible Assets
6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
Intangible assets, net are comprised of the following:
June 30, 2026December 31, 2025
(In millions)Estimated Weighted Average Useful Life (years)Gross IntangiblesAccumulated AmortizationNet IntangiblesGross IntangiblesAccumulated AmortizationNet Intangibles
Definite-Lived:
Customer related1479 (16)63 81 (13)$68 
Capitalized software development466 (43)23 64 (39)$25 
Tradename16(1)(1)$
Other1126 (18)26 (17)$
Subtotal179 (78)101 179 (70)109 
Indefinite-Lived:
Goodwill132 — 132 113 — $113 
Total$311 $(78)$233 $292 $(70)$222 

The Company also owns developed technology assets which have a net balance of less than $1 million as of June 30, 2026 and December 31, 2025.

Capitalized software development consists of software development costs intended for integration into customer products.

Goodwill activity as of June 30, 2026 consisted of the following:

(In millions)
December 31, 2025$113 
   Foreign currency(2)
March 31, 2026$111 
   Acquisition of business20 
   Foreign currency
June 30, 2026$132