v3.26.1
Goodwill and Other Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of The Changes in The Carrying Amount of Goodwill The following presents a summary of the changes in the carrying amount of Goodwill (dollars in millions):

 

 

Goodwill

 

Balance at December 31, 2025

 

$

2,075

 

Acquired Off-Highway business(1)

 

 

755

 

Foreign currency translation

 

 

(18

)

Net current period impact to goodwill

 

 

737

 

Balance at June 30, 2026

 

$

2,812

 

(1) The allocation of goodwill to reporting units as of June 30, 2026 is preliminary and will be finalized upon finalization of purchase price accounting.
Schedule of Other Intangible Assets

The following presents a summary of other intangible assets (dollars in millions):

 

 

 

June 30, 2026

 

 

December 31, 2025

 

 

 

Intangible
assets, gross

 

 

Accumulated
amortization

 

 

Intangible
assets, net

 

 

Intangible
assets, gross

 

 

Accumulated
amortization

 

 

Intangible
assets, net

 

Other intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade name - indefinite-lived

 

$

790

 

 

$

—

 

 

$

790

 

 

$

790

 

 

$

—

 

 

$

790

 

Trade name - definite-lived

 

 

125

 

 

 

(6

)

 

 

119

 

 

 

1

 

 

 

—

 

 

 

1

 

Customer relationships — commercial

 

 

1,338

 

 

 

(852

)

 

 

486

 

 

 

839

 

 

 

(839

)

 

 

—

 

Proprietary technology

 

 

719

 

 

 

(507

)

 

 

212

 

 

 

484

 

 

 

(481

)

 

 

3

 

Total

 

$

2,972

 

 

$

(1,365

)

 

$

1,607

 

 

$

2,114

 

 

$

(1,320

)

 

$

794

 
Schedule of Amortization Expense Related to Other Intangible Assets for Next Five Fiscal Years

Amortization expense related to other intangible assets for the next five fiscal years is expected to be (dollars in millions):

 

 

 

2027

 

 

2028

 

 

2029

 

 

2030

 

 

2031

 

 

Thereafter

 

Amortization expense

 

$

82

 

 

$

82

 

 

$

81

 

 

$

81

 

 

$

81

 

 

$

369