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Intangible Assets
9 Months Ended
Sep. 30, 2024
Intangible Assets  
Intangible Assets

(5) Intangible Assets

Intangible Assets Subject to Amortization, net

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September 30, 2024

    

December 31, 2023

 

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Gross

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Net

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Gross

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Net

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carrying

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Accumulated

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carrying

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carrying

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Accumulated

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carrying

 

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amount

    

amortization

    

amount

    

amount

    

amortization

    

amount

 

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amounts in millions

 

Customer relationships

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$

515

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(163)

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352

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515

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(132)

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383

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Other amortizable intangible assets

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162

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(91)

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71

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156

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(78)

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78

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Total

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$

677

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(254)

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423

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671

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(210)

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461

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Amortization expense for intangible assets with finite useful lives was $15 million and $16 million for the three months ended September 30, 2024 and 2023, respectively, and $45 million and $48 million for the nine months ended September 30, 2024 and 2023, respectively. Amortization expense for amortizable intangible assets for each of the five succeeding fiscal years is estimated to be (amounts in millions):

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Remainder of 2024

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$

15

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2025

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$

55

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2026

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$

52

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2027

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$

50

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2028

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$

48

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