| Reconciliation of the change in goodwill |
Reconciliations of the changes in the carrying value of goodwill for the first six months of 2026 and for the year ended December 31, 2025 follow (in millions).
|
|
|
|
|
|
|
|
|
June 30,
2026 |
|
|
December 31,
2025 |
|
Balance at the beginning of the year* |
$ |
83,074 |
|
|
$ |
83,880 |
|
Business acquisitions |
|
352 |
|
|
|
459 |
|
Other, including impairments and foreign currency translation |
|
(253 |
) |
|
|
(1,265 |
) |
Balance at the end of the period* |
$ |
83,173 |
|
|
$ |
83,074 |
|
—————— * Net of accumulated goodwill impairments of $13.0 billion as of June 30, 2026 and December 31, 2025 and $11.5 billion as of December 31, 2024.
|
| Schedule of intangible assets |
Other intangible assets are summarized below (in millions).
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
|
December 31, 2025 |
|
|
Gross
carrying
amount |
|
Accumulated
amortization |
|
Net
carrying
value |
|
|
Gross
carrying
amount |
|
Accumulated
amortization |
|
Net
carrying
value |
|
Insurance and other: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Customer relationships |
$ |
31,768 |
|
$ |
10,066 |
|
$ |
21,702 |
|
|
$ |
31,215 |
|
$ |
9,638 |
|
$ |
21,577 |
|
Trademarks and trade names |
|
9,170 |
|
|
1,219 |
|
|
7,951 |
|
|
|
9,007 |
|
|
1,143 |
|
|
7,864 |
|
Patents and technology |
|
5,413 |
|
|
4,323 |
|
|
1,090 |
|
|
|
5,237 |
|
|
4,196 |
|
|
1,041 |
|
Other |
|
5,635 |
|
|
2,429 |
|
|
3,206 |
|
|
|
5,608 |
|
|
2,288 |
|
|
3,320 |
|
|
$ |
51,986 |
|
$ |
18,037 |
|
$ |
33,949 |
|
|
$ |
51,067 |
|
$ |
17,265 |
|
$ |
33,802 |
|
Railroad, utilities and energy:* |
|
|
|
|
|
|
|
|
|
|
|
|
|
Customer relationships and contracts |
$ |
1,540 |
|
$ |
854 |
|
$ |
686 |
|
|
$ |
1,541 |
|
$ |
809 |
|
$ |
732 |
|
Other |
|
438 |
|
|
138 |
|
|
300 |
|
|
|
442 |
|
|
134 |
|
|
308 |
|
|
$ |
1,978 |
|
$ |
992 |
|
$ |
986 |
|
|
$ |
1,983 |
|
$ |
943 |
|
$ |
1,040 |
|
—————— * Included in other assets.
|