Goodwill, Customer Relationships and Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Goodwill

Goodwill, customer relationships and other intangible assets consisted of the following:

	March 31, 2023(1)		December 31, 2022(1)
	(Dollars in millions)
Goodwill	$	12,657	12,657
Indefinite-lived intangible assets	$	9	9
Other intangible assets subject to amortization:
Customer relationships, less accumulated amortization of $3,771 and $3,606	4,409		4,574
Capitalized software, less accumulated amortization of $3,801 and $3,895(2)	1,519		1,482
Trade names, patents and other, less accumulated amortization of $61 and $188(2)	97		101
Total other intangible assets, net	$	6,034	6,166

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(1)    These values exclude assets classified as held for sale.

(2)    Certain capitalized software with a gross carrying value of $183 million and trade names with a gross carrying value of $130 million became fully amortized during 2022 and were retired during the three months ended March 31, 2023.

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

We estimate that total amortization expense for finite-lived intangible assets for the years ending December 31, 2023 through 2027 will be as provided in the table below. As a result of classifying our EMEA business as held for sale on our March 31, 2023 consolidated balance sheet, the amounts presented below do not include future amortization expense for intangible assets of the business to be divested. See Note 2—Planned Divestiture of the EMEA Business for more information.

	(Dollars in millions)
2023 (remaining nine months)	$	720
2024	891
2025	832
2026	787
2027	704