v3.26.1
GOODWILL AND OTHER INTANGIBLES
6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
GOODWILL AND OTHER INTANGIBLES GOODWILL AND OTHER INTANGIBLES
During the fourth quarter of each year, the Company assesses its goodwill and indefinite-lived intangibles assigned to each of its reporting units for impairment by either performing a qualitative assessment or a quantitative analysis. No events or circumstances were noted in the first six months of 2026 requiring additional assessment or testing.
A summary of the components in the carrying amount of goodwill as of June 30, 2026 and December 31, 2025 is as follows:
(in millions)Fuel SystemsAftermarketTotal
Gross goodwill balance, December 31, 2025$71 $551 $622 
Accumulated impairment losses— (113)(113)
Net goodwill balance, December 31, 2025$71 $438 $509 
Goodwill during the period:
Measurement period adjustments(1)— (1)
Translation adjustment(1)
Net goodwill balance, June 30, 2026$69 $440 $509 
The Company’s other intangible assets from acquisitions consist of the following:
June 30, 2026December 31, 2025
(in millions)Estimated useful lives (years)Gross carrying amountAccumulated amortizationNet carrying amountGross carrying amountAccumulated amortizationNet carrying amount
Amortized intangible assets:
Patented and unpatented technology
6 - 15
$161 $71 $90 $164 $66 $98 
Customer relationships
12 - 15
288 150 138 291 141 150 
Total amortized intangible assets449 221 228 455 207 248 
Unamortized trade names148 — 148 150 — 150 
Total other intangible assets$597 $221 $376 $605 $207 $398