GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in Goodwill Balances

CHANGES IN GOODWILL BALANCES
	Balance at December 31, 2021		Dispositions		Currency exchange and other		Balance at December 31, 2022		Acquisitions		Currency exchange and other		Balance at December 31, 2023
Aerospace	$	9,013	$	(6)	$	(171)	$	8,835	$	—	$	113	$	8,948
Renewable Energy	3,231		—		(30)		3,201		—		86		3,287
Power	145		—		(1)		144		164		—		307
Corporate(a)	914		—		(96)		818		22		1		842
Total	$	13,303	$	(6)	$	(299)	$	12,999	$	186	$	200	$	13,385

(a) Corporate balance at December 31, 2023 and 2022 comprises our Digital business.

schedule of Intangible Assets Subject to Amortization

		2023						2022
INTANGIBLE ASSETS SUBJECT TO AMORTIZATION December 31	Useful lives (in years)	Gross carrying amount		Accumulated amortization		Net		Gross carrying amount		Accumulated amortization		Net
Customer-related(a)	3-23	$	6,201	$	(3,851)	$	2,351	$	5,991	$	(3,453)	$	2,538
Patents and technology	5-15	5,924		(3,372)		2,553		5,888		(3,202)		2,686
Capitalized software	3-10	2,356		(1,639)		717		2,979		(2,186)		793
Trademarks & other	3-25	276		(200)		75		384		(295)		88
Total		$	14,757	$	(9,061)	$	5,695	$	15,242	$	(9,137)	$	6,105

(a) Balance includes payments made to our customers, primarily within our Aerospace business.

December 31	2023		2022
Aerospace	$	4,518	$	4,748
Renewable Energy	149		183
Power	858		958
Corporate	169		216
Total other intangible assets, net	$	5,695	$	6,105

Schedule of Estimated 5 Year Consolidation Amortization

Estimated consolidated annual pre-tax amortization for intangible assets over the next five calendar years are as follows:

ESTIMATED 5 YEAR CONSOLIDATED AMORTIZATION	2024		2025		2026		2027		2028
Estimated annual pre-tax amortization	$	597	$	559	$	534	$	495	$	483