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Goodwill and Other Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Other Intangible Assets

The following presents a summary of other intangible assets (dollars in millions):

 

 

 

September 30, 2024

 

 

December 31, 2023

 

 

 

Intangible
assets, gross

 

 

Accumulated
amortization

 

 

Intangible
assets, net

 

 

Intangible
assets, gross

 

 

Accumulated
amortization

 

 

Intangible
assets, net

 

Other intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade name

 

$

791

 

 

$

 

 

$

791

 

 

$

791

 

 

$

 

 

$

791

 

In-process research and development

 

 

1

 

 

 

 

 

 

1

 

 

 

25

 

 

 

 

 

 

25

 

Customer relationships — commercial

 

 

839

 

 

 

(837

)

 

 

2

 

 

 

839

 

 

 

(833

)

 

 

6

 

Proprietary technology

 

 

508

 

 

 

(481

)

 

 

27

 

 

 

484

 

 

 

(479

)

 

 

5

 

Customer relationships — defense

 

 

62

 

 

 

(58

)

 

 

4

 

 

 

62

 

 

 

(56

)

 

 

6

 

Non-compete agreement

 

 

1

 

 

 

(1

)

 

 

 

 

 

1

 

 

 

(1

)

 

 

 

Total

 

$

2,202

 

 

$

(1,377

)

 

$

825

 

 

$

2,202

 

 

$

(1,369

)

 

$

833

 

Schedule of Amortization Expense Related to Other Intangible Assets for Next Five Fiscal Years

Amortization expense related to other intangible assets for the next five fiscal years is expected to be (dollars in millions):

 

 

 

2025

 

 

2026

 

 

2027

 

 

2028

 

 

2029

 

Amortization expense

 

$

7

 

 

$

3

 

 

$

3

 

 

$

2

 

 

$

2