v3.26.3
Goodwill and Other Intangible Assets
 9 Months Ended
Sep. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
Goodwill
Changes in the carrying value of goodwill by reportable segment for the nine months ended September 30, 2026 are as follows:
(in millions)Water
Infrastructure		Applied WaterMeasurement and Control SolutionsWater Solutions and ServicesTotal
Balance as of January 1, 2026$2,264 $905 $2,270 $2,893 $8,332 
Activity in 2026
Acquisitions (2)— 155 107 260 
Divestitures(2)(2)(5)— (9)
Foreign currency and other(14)(6)(34)(5)(59)
Balance as of September 30, 2026$2,246 $897 $2,386 $2,995 $8,524 
Other Intangible Assets
Information regarding our other intangible assets is as follows:
September 30, 2026December 31, 2025
(in millions)Carrying
Amount		Accumulated
Amortization		Net
Intangibles		Carrying
Amount		Accumulated
Amortization		Net
Intangibles
Customer and distributor relationships$2,261 $(777)$1,484 $2,180 $(688)$1,492 
Proprietary technology and patents448 (217)231 430 (185)245 
Trademarks185 (137)48 183 (126)57 
Software (a)631 (435)196 644 (431)213 
Other154 (67)87 153 (56)97 
Indefinite-lived intangibles174 — 174 168 — 168 
Other intangibles$3,853 $(1,633)$2,220 $3,758 $(1,486)$2,272 
(a)Includes capitalized software developed as a product or service offered directly to external customers. As of September 30, 2026 and December 31, 2025, we had net capitalized software used in sales and services to external customers of $160 million and $175 million, respectively.
Amortization expense related to finite-lived intangible assets was $72 million and $222 million for the three and nine-month periods ended September 30, 2026, respectively. Amortization expense related to finite-lived intangible assets was $78 million and $231 million for the three and nine-month periods ended September 30, 2025, respectively.
During the second quarter of 2025, we recognized a $2 million impairment charge for internally developed software within our Measurement and Control Solutions segment and a $2 million impairment charge for software within our Corporate segment.
During the first quarter of 2025, we recognized $1 million and $3 million impairment charges for internally developed software within our Water Infrastructure and Water Solutions and Services segments, respectively.