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Goodwill and Other Intangible Assets—Net
9 Months Ended
Sep. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill and Other Intangible Assets—Net Goodwill and Other Intangible Assets— Net
As part of the segment realignment discussed in Note 18 Segment Financial Data, the Company performed a reallocation of goodwill on a relative fair value basis as of the first quarter of 2026, with goodwill in prior periods recast on a consistent basis. This resulted in a reallocation of goodwill between the Industrial Automation and Process Automation and Technology reportable business segments. We performed interim impairment tests in the first quarter of 2026 for reporting units impacted and determined there was no goodwill impairment.
The following table summarizes the change in the carrying amount of goodwill for the nine months ended September 30, 2026, by reportable business segment:
December 31, 2025AcquisitionsDivestituresCurrency
Translation
Adjustment
September 30, 2026
Building Automation
$6,439 $— $— $(33)$6,406 
Process Automation and Technology
7,140 485 — (4)7,621 
Industrial Automation
3,526 9 — (1)3,534 
Corporate and All Other949 — (949)— — 
Total Goodwill$18,054 $494 $(949)$(38)$17,561 
Other intangible assets are comprised of:
September 30, 2026December 31, 2025
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Definite-life intangibles
Patents and technology$3,319 $(1,555)$1,764 $2,975 $(1,485)$1,490 
Customer relationships5,215 (2,057)3,158 5,041 (1,880)3,161 
Trademarks268 (216)52 260 (205)55 
Other294 (208)86 260 (199)61 
Total definite-life intangibles—net9,096 (4,036)5,060 8,536 (3,769)4,767 
Indefinite-life intangibles
Trademarks382 — 382 394 — 394 
Total Other intangible assets—net$9,478 $(4,036)$5,442 $8,930 $(3,769)$5,161 
Intangible assets amortization expense was $131 million and $352 million for the three and nine months ended September 30, 2026, respectively, and $135 million and $364 million for the three and nine months ended September 30, 2025, respectively.