| GOODWILL AND OTHER INTANGIBLES |
GOODWILL AND OTHER INTANGIBLES Goodwill
The following table presents changes in goodwill balances as allocated to each business segment for the six months ended June 30, 2026: | | | | | | | | | | | | | | | | | | | In millions | PS NA | | PS EMEA | | Total | | Balance as of January 1, 2026 | | | | | | | Goodwill | $ | 3,968 | | | $ | 3,960 | | | $ | 7,928 | | | Accumulated impairment losses | (59) | | | (2,543) | | | (2,602) | | | Total | 3,909 | | | 1,417 | | | 5,326 | | | Goodwill additions/reductions | — | | | — | | | — | | | Currency translation | — | | | (36) | | | (36) | | | Balance as of June 30, 2026 | | | | | | | Goodwill | 3,968 | | | 3,924 | | | 7,892 | | | Accumulated impairment losses | (59) | | | (2,543) | | | (2,602) | | | Total | $ | 3,909 | | | $ | 1,381 | | | $ | 5,290 | |
Other Intangibles
Identifiable intangible assets comprised of the following:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | In millions | Gross
Carrying
Amount | | Accumulated
Amortization | | Net Intangible Assets | | Gross
Carrying
Amount | | Accumulated
Amortization | | Net Intangible Assets | | Customer relationships and lists | $ | 4,099 | | | $ | 647 | | | $ | 3,452 | | | $ | 4,063 | | | $ | 535 | | | $ | 3,528 | | | Trade names | 397 | | | 30 | | | 367 | | | 398 | | | 21 | | | 377 | | | Software (a) | 150 | | | 57 | | | 93 | | | 142 | | | 39 | | | 103 | | | Other | 96 | | | 68 | | | 28 | | | 102 | | | 67 | | | 35 | | | Total | $ | 4,742 | | | $ | 802 | | | $ | 3,940 | | | $ | 4,705 | | | $ | 662 | | | $ | 4,043 | |
(a) Of this balance, $60 million and $76 million has been placed in service at June 30, 2026 and December 31, 2025, respectively. The Company recognized the following amounts as amortization expense related to intangible assets:
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30 | | Six Months Ended
June 30 | | In millions | 2026 | | 2025 | | 2026 | | 2025 | | Amortization expense related to intangible assets | $ | 70 | | | $ | 69 | | | $ | 149 | | | $ | 117 | |
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