v3.26.1
Goodwill and Intangible assets, net
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill and Intangible assets, net
6. Goodwill and Intangible assets, net
The changes in the net carrying amount of goodwill are as follows (in millions):
Gross Carrying AmountAccumulated Impairment LossesNet Carrying Amount
Balance as of December 31, 2025$3,207 $(3,124)$83 
Impairment— — — 
Balance at June 30, 2026$3,207 $(3,124)$83 
Intangible assets by asset class are as follows (in millions):
June 30, 2026December 31, 2025
Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount		Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
Intangible assets:
Customer-related and contract based intangibles$3,192 $1,064 $2,128 $3,192 $957 $2,235 
Technology related intangibles230 192 38 230 172 58 
Trade name408 141 267 408 128 280 
Total$3,830 $1,397 $2,433 $3,830 $1,257 $2,573 
Amortization expense from finite-lived intangible assets for the three months ended June 30, 2026 and 2025 was $70 million and $70 million, respectively. Amortization expense from finite-lived intangible assets for the six months ended June 30, 2026 and 2025 was $140 million and $141 million, respectively. Amortization expense from finite-lived intangible assets was recorded in Depreciation and intangible amortization in the Condensed Consolidated Statements of Comprehensive Income (Loss).
The following table reflects intangible assets net carrying amount and weighted-average remaining useful lives as of June 30, 2026 and December 31, 2025 (in millions, except for years):
June 30, 2026December 31, 2025
Net
Carrying
Amount		Weighted-Average
Remaining
Useful Lives		Net
Carrying
Amount		Weighted-Average
Remaining
Useful Lives
Intangible assets:
Customer-related and contract-based intangibles$2,128 10.0$2,235 10.5
Technology-related intangibles38 1.158 1.6
Trade name267 10.0280 10.5
Total$2,433 $2,573 
Subsequent to June 30, 2026, the annual amortization expense is expected to be as follows (in millions):
Customer-Related
and Contract Based
Intangibles		Technology
Related
Intangibles		Trade
Name
Intangibles		Total
2026 (July - December)$106 $18 $14 $138 
2027214 19 27 260 
2028214 1 27 242 
2029214 — 27 241 
2030214 — 27 241 
Thereafter1,166 — 145 1,311 
Total amortization expense$2,128 $38 $267 $2,433