Note 3 - Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2025

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

Note 3. Goodwill and Other Intangible Assets

Changes in the carrying amount of goodwill by segment — 

	Off-Highway
Balance, December 31, 2024	$	250
Currency impact		7
Balance, March 31, 2025	$	257

Components of other intangible assets — 

			March 31, 2025							December 31, 2024
	Weighted Average Useful Life (years)		Gross Carrying Amount		Accumulated Impairment and Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Impairment and Amortization			Net Carrying Amount
Amortizable intangible assets
Core technology		10	$	60	$	(37	)	$	23	$	59	$	(35	)	$	24
Trademarks and trade names		14		23		(14	)		9		23		(14	)		9
Customer relationships		12		117		(72	)		45		116		(69	)		47
Non-amortizable intangible assets
Trademarks and trade names				71					71		70					70
			$	271	$	(123	)	$	148	$	268	$	(118	)	$	150

Net carrying amounts of intangible assets, other than goodwill, attributable to each of our operating segments—  

	March 31, 2025
Light Vehicle	$	13
Commercial Vehicle		65
Off-Highway		70
	$	148

Amortization expense related to amortizable intangible assets — 

	Three Months Ended
	March 31,
	2025		2024
Charged to cost of sales	$	2	$	2
Charged to amortization of intangibles		3		3
Total amortization	$	5	$	5