v3.26.3
Goodwill and Intangible Assets
 9 Months Ended
Sep. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill and Intangible Assets
Note 3: Goodwill and Intangible Assets
Goodwill. Changes in our goodwill balances for the nine months ended September 30, 2026 were as follows:
(dollars in millions)Balance as of December 31, 2025Acquisitions and Divestitures Foreign Currency Translation and Other
Balance as of September 30, 2026
Collins Aerospace$32,776 $— $(182)$32,594 
Pratt & Whitney1,563 14 — 1,577 
Raytheon (1)
18,987 (207)1 18,781 
Total Segments53,326 (193)(181)52,952 
Eliminations and other17 — — 17 
Total$53,343 $(193)$(181)$52,969 
(1)    The reduction related to Acquisitions and Divestitures includes the reclassification of goodwill to assets held for sale and presented in Other assets, current within the Condensed Consolidated Balance Sheet during the quarter ended June 30, 2026.
Intangible Assets. Identifiable intangible assets are comprised of the following:
September 30, 2026December 31, 2025
(dollars in millions)Gross AmountAccumulated AmortizationGross AmountAccumulated Amortization
Amortized:
Collaboration assets$6,308 $(2,628)$6,234 $(2,374)
Exclusivity assets4,246 (289)3,980 (258)
Developed technology and other1,128 (768)1,192 (758)
Customer relationships29,234 (15,048)29,338 (13,989)
40,916 (18,733)40,744 (17,379)
Indefinite-lived:
Trademarks and other8,469 — 8,480 — 
Total$49,385 $(18,733)$49,224 $(17,379)
Amortization of intangible assets for the quarters and nine months ended September 30, 2026 and 2025 was $496 million and $1,484 million and $520 million and $1,529 million, respectively. The following is the expected amortization of intangible assets for the remainder of 2026 through 2031: 
(dollars in millions)Remaining 202620272028202920302031
Amortization expense$460 $1,884 $1,795 $1,638 $1,606 $1,593