GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in the carrying amount of goodwill

The following table summarizes the changes in the carrying amount of goodwill for the years ended December 31, 2024 and 2023:

In millions	Components		Accelera		Distribution		Power Systems		Engine		Total
Balance at December 31, 2022	$	1,752	$	495	$	79	$	11	$	6	$	2,343
Acquisitions	122		—		4		—		18		144
Foreign currency translation and other	10		1		—		—		1		12
Balance at December 31, 2023	1,884		496		83		11		25		2,499
Acquisitions	2		—		—		33		—		35
Foreign currency translation and other	(48)		(2)		—		—		—		(50)
Divestiture (1)	(114)		—		—		—		—		(114)
Balance at December 31, 2024	$	1,724	$	494	$	83	$	44	$	25	$	2,370
(1) See NOTE 21, "ATMUS INITIAL PUBLIC OFFERING (IPO) AND DIVESTITURE," for additional information.

Summary of other intangible assets with finite useful lives that are subject to amortization

The following table summarizes our other intangible assets:

	December 31,
In millions	2024		2023
Amortizable intangible assets
Software	$	793	$	622
Less: Accumulated amortization	(372)		(323)
Software, net	421		299
Trademarks, patents, customer relationships and other	2,685		2,866
Less: Accumulated amortization	(819)		(666)
Trademarks, patents, customer relationships and other, net	1,866		2,200
Unamortizable other intangible assets	64		20
Other intangible assets, net	$	2,351	$	2,519

Projected amortization expense of intangible assets

The projected amortization expense of our intangible assets, assuming no further acquisitions or dispositions, is as follows:

In millions	2025		2026		2027		2028		2029
Projected amortization expense	$	320	$	308	$	293	$	266	$	232