OTHER INTANGIBLE ASSETS, NET

6 Months Ended

Jun. 30, 2025

Intangible Assets, Net (Excluding Goodwill) [Abstract]

OTHER INTANGIBLE ASSETS, NET

OTHER INTANGIBLE ASSETS, NET

Intangible assets are generally the result of acquisitions and consist primarily of purchased technology and customer related intangibles. Intangible assets are amortized over useful lives that range between 1 to 20 years.  

The following tables present the cumulative composition of the Corporation’s intangible assets:

	June 30, 2025						December 31, 2024
(In thousands)	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Technology	$	335,808	$	(219,389)	$	116,419	$	330,593	$	(208,094)	$	122,499
Customer related intangibles	750,403		(397,314)		353,089		736,612		(367,872)		368,740
Programs (1)	144,000		(52,200)		91,800		144,000		(48,600)		95,400
Other intangible assets	55,983		(47,725)		8,258		55,738		(45,546)		10,192
Total	$	1,286,194	$	(716,628)	$	569,566	$	1,266,943	$	(670,112)	$	596,831

(1) Programs include values assigned to major programs of acquired businesses and represent the aggregate value associated with the customer relationships, contracts, technology, and trademarks underlying the associated program. 

Total intangible amortization expense for the six months ended June 30, 2025 was $36 million, as compared to $29 million in the comparable prior year period. The estimated future amortization expense of intangible assets over the next five years is as follows:

(In millions)
2025	$	73
2026	$	60
2027	$	57
2028	$	51
2029	$	51