Intangible Assets

6 Months Ended

Jun. 30, 2026

Intangible Asset, Goodwill and Other [Abstract]

Intangible assets consisted of:


	As of June 30, 2026						As of December 31, 2025
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized Intangible Assets
License agreements	$	335	$	250	$	85	$	296	$	243	$	53
Customer relationships	252		240		12		257		240		17
Other	55		51		4		56		51		5
Total	$	642	$	541	$	101	$	609	$	534	$	75
Unamortized Intangible Assets
Goodwill	$	1,115					$	1,129
Trademarks	$	513					$	514

For the three months ended June 30, 2026 and 2025, amortization expense related to amortizable intangible assets was approximately $8 million and $5 million, respectively. For the six months ended June 30, 2026 and 2025, amortization expense related to amortizable intangible assets was approximately $15 million and $11 million, respectively.

Based on our amortizable intangible assets as of June 30, 2026, we expect amortization expense of approximately $15 million for the remainder of 2026, $24 million for 2027, $19 million for 2028, $16 million for 2029, $16 million for 2030 and $7 million for 2031, excluding effects of currency exchange rates.