v3.26.3
Goodwill and Other Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Changes in the carrying value of goodwill by operating segment
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 
Intangible Asset and Goodwill
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.