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GOODWILL AND OTHER INTANGIBLE ASSETS - NET
6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS - NET GOODWILL AND OTHER INTANGIBLE ASSETS—NET
As part of the segment realignment discussed in Note 18 Segment Financial Data, the Company performed a reallocation of goodwill on a relative fair value basis as of the first quarter of 2026, with goodwill in prior periods recast on a consistent basis. This resulted in a reallocation of goodwill between the Industrial Automation and Process Automation and Technology reportable business segments. We performed interim impairment tests in the first quarter of 2026 for reporting units impacted and determined there was no goodwill impairment.
The following table summarizes the change in the carrying amount of goodwill for the six months ended June 30, 2026, by reportable business segment:
December 31, 2025AcquisitionsDivestituresCurrency
Translation
Adjustment
June 30, 2026
Aerospace Technologies
$3,025 $— $— $(12)$3,013 
Building Automation
6,439 — — (44)6,395 
Process Automation and Technology
7,140 (93)— (11)7,036 
Industrial Automation
3,526 — (11)3,523 
Corporate and All Other949 — (949)— — 
Total Goodwill$21,079 $(85)$(949)$(78)$19,967 
Other intangible assets are comprised of:
 June 30, 2026December 31, 2025
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Definite-life intangibles
      
Patents and technology$3,151 $(1,742)$1,409 $3,354 $(1,714)$1,640 
Customer relationships6,374 (2,144)4,230 6,325 (2,008)4,317 
Trademarks296 (235)61 297 (232)65 
Other611 (279)332 592 (272)320 
Total definite-life intangibles—net10,432 (4,400)6,032 10,568 (4,226)6,342 
Indefinite-life intangibles
Trademarks381 — 381 394 — 394 
Total Other intangible assets—net$10,813 $(4,400)$6,413 $10,962 $(4,226)$6,736 
Intangible assets amortization expense was $116 million and $269 million for the three and six months ended June 30, 2026, respectively, and $132 million and $267 million for the three and six months ended June 30, 2025, respectively.