Intangibles, Net

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Intangibles, Net

6 – Intangibles, Net

The components of intangible assets, net were as follows:

(Dollars in millions)	March 31, 2025		December 31, 2024
Developed and Acquired Technology, Net of Accumulated Amortization of $598 at March 31, 2025 and $592 at December 31, 2024	$	126	$	126
Trade Names, Net of Accumulated Amortization of $211 at March 31, 2025 and $201 at December 31, 2024	189		199
Intangibles, Net of Accumulated Amortization of $809 at March 31, 2025 and $793 at December 31, 2024	$	315	$	325

Amortization expense was $14 million and $41 million for the three months ended March 31, 2025 and March 31, 2024, respectively, and is reported in “Selling, General and Administrative” on our Condensed Consolidated Statements of Operations. The decrease in amortization expense was primarily due to full amortization of certain intangible assets as of December 31, 2024.