v3.26.1
Intangible Assets
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Intangible Assets
Note 3—Intangible Assets

Intangible assets, net is composed of the following:

June 30, 2026
December 31, 2025
Gross Carrying Amount
Accumulated Amortization
Net Carrying Amount
Gross Carrying Amount
Accumulated Amortization
Net Carrying Amount
(Dollars in millions)
Customer relationships
$7,548 $5,242 2,306 7,547 4,945 2,602 
Capitalized software(1)
5,471 3,788 1,683 5,743 3,940 1,803 
Patents and other
158 107 51 158 100 58 
Total
$13,177 9,137 4,040 13,448 8,985 4,463 
______________________________________________________________________
(1)     Certain capitalized software with a gross carrying value of $259 million became fully amortized during 2025 and were retired during the first quarter of 2026.

Total amortization expense for intangible assets was as follows:

Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(Dollars in millions)
Amortization expense
$248 248 499 500