Intangibles, Net

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Intangibles, Net

5 – Intangibles, Net

The components of intangible assets, net were as follows:

(Dollars in millions)	September 30, 2023		December 31, 2022
Developed and Acquired Technology, Net of Accumulated Amortization of $446 at September 30, 2023 and $359 at December 31, 2022	$	160	$	232
Trade Names, Net of Accumulated Amortization of $151 at September 30, 2023 and $121 at December 31, 2022	244		274
Intangible Assets, Net of Accumulated Amortization of $597 at September 30, 2023 and $480 at December 31, 2022	$	404	$	506

Amortization expense was $37 million and $117 million in the three and nine months ended September 30, 2023, respectively, and $39 million and $117 million in the three and nine months ended September 30, 2022, respectively, and was reported in “Selling, General and Administrative” on our Condensed Consolidated Statements of Operations.