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Business Acquisitions, Dispositions, Goodwill and Intangible Assets
 3 Months Ended
Mar. 31, 2025
Business Combinations, Goodwill, and Intangible Assets [Abstract]  
Business Acquisitions, Dispositions, Goodwill and Intangible Assets Business Acquisitions, Dispositions, Goodwill and Intangible Assets
Business Acquisitions. Our acquisitions of businesses and intangible assets, net of cash, totaled $36 million and $30 million in the quarters ended March 31, 2025 and 2024, respectively, and were primarily in our Service segment. Transaction costs incurred were not considered significant.

Goodwill. Changes in our Goodwill balance during the quarter ended March 31, 2025 were as follows:

(dollars in millions)
Balance as of
December 31, 2024
Goodwill Resulting
from Business Combinations		Foreign Currency
Translation 
and Other
Balance as of
March 31, 2025
New Equipment$277$—$5$282
Service1,27118171,306
Total$1,548$18$22$1,588

Intangible Assets. Intangible assets cost and accumulated amortization were $2,082 million and $1,756 million, respectively, as of March 31, 2025, and $2,006 million and $1,695 million, respectively, as of December 31, 2024.

Amortization of intangible assets was $15 million for the quarters ended March 31, 2025 and 2024. Excluding the impact of acquisitions and currency translation adjustments, there were no other significant changes in our Intangible assets during the quarters ended March 31, 2025 and 2024.

Held For Sale Assets and Liabilities. Assets and liabilities held for sale were $20 million and $11 million, respectively, as of March 31, 2025, and $38 million and $9 million, respectively, as of December 31, 2024, and are included in Other current assets and Accrued liabilities, respectively, in the Condensed Consolidated Balance Sheets.

As of March 31, 2025, the assets and liabilities of one of our non-U.S. subsidiaries, primarily in the Service segment, are classified as assets and liabilities held for sale. It is the Company's intention to complete the sale of these assets and liabilities within the next 12 months. These assets and liabilities held for sale were $8 million and $11 million, respectively, as of March 31, 2025, and $25 million and $9 million, respectively, as of December 31, 2024. The Company recorded an impairment loss of $10 million related to the net assets held for sale in Other income (expense), net in the Condensed Consolidated Statements of Operations in the quarter ended March 31, 2025.