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Intangible Assets Including Goodwill
 3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Including Goodwill Intangible Assets Including Goodwill:
Intangible Assets
The following tables present the company's intangible asset balances by major asset class.
At March 31, 2024
(Dollars in millions)Gross Carrying
Amount		Accumulated
Amortization
Net Carrying
Amount (1)
Intangible asset class:
Capitalized software$1,566 $(663)$903 
Client relationships9,014 (3,699)5,316 
Completed technology5,726 (2,668)3,059 
Patents/trademarks1,808 (458)1,350 
Other (2)
151 (28)123 
Total$18,266 $(7,516)$10,750 
At December 31, 2023
(Dollars in millions)Gross Carrying
Amount		Accumulated
Amortization
Net Carrying
Amount (1)
Intangible asset class:
Capitalized software$1,636 $(762)$874 
Client relationships9,053 (3,500)5,553 
Completed technology5,713 (2,510)3,203 
Patents/trademarks1,821 (436)1,385 
Other (2)
41 (20)22 
Total$18,265 $(7,229)$11,036 
(1)Amounts as of March 31, 2024 and December 31, 2023 include a decrease in net intangible asset balances of $57 million and an increase of $50 million, respectively, due to foreign currency translation.
(2)Other intangibles are primarily acquired proprietary and non-proprietary technology licenses, data, business processes, methodologies and systems.
The net carrying amount of intangible assets decreased $287 million during the first three months of 2024, primarily due to intangible asset amortization, partially offset by additions of capitalized software and acquired intangibles. The aggregate intangible asset amortization expense was $598 million and $547 million for the three months ended March 31, 2024 and 2023, respectively. In the first three months of 2024, the company retired $224 million of fully amortized intangible assets, impacting both the gross carrying amount and accumulated amortization by this amount.
The future amortization expense relating to intangible assets currently recorded in the Consolidated Balance Sheet was estimated to be the following at March 31, 2024:
(Dollars in millions)Capitalized
Software		Acquired
Intangibles		Total
Remainder of 2024$443 $1,321 $1,764 
2025310 1,729 2,040 
2026140 1,705 1,845 
202710 1,686 1,695 
2028— 1,384 1,384 
Thereafter— 2,022 2,022 
Goodwill
The changes in the goodwill balances by segment for the three months ended March 31, 2024 and for the year ended December 31, 2023 were as follows:
(Dollars in millions)BalanceGoodwill
Additions		Purchase
Price
Adjustments
Foreign
Currency
Translation
and Other
Adjustments (1)
Balance
Segment1/1/2024Divestitures3/31/2024
Software$46,447 $91 $(4)$— $(304)$46,230 
Consulting8,883 96 0 — (57)8,922 
Infrastructure4,384 8 — — (11)4,381 
Other (2)
464 — — (464)— — 
Total$60,178 $195 $(4)$(464)$(372)$59,534 

(Dollars in millions)BalanceGoodwill
Additions		Purchase
Price
Adjustments
Foreign
Currency
Translation
and Other
Adjustments (1)
Balance
Segment
1/1/2023Divestitures12/31/2023
Software (3)
$42,712 $3,538 $(17)$— $214 $46,447 
Consulting (3)
8,409 403 2 — 69 8,883 
Infrastructure4,363 12 — — 8 4,384 
Other (3)
464 — — — — 464 
Total$55,949 $3,953 $(15)$— $291 $60,178 
(1)Primarily driven by foreign currency translation.
(2)The company derecognized goodwill related to the divestiture of The Weather Company assets. Refer to note 5, "Acquisitions & Divestitures," for additional information.
(3)Recast to reflect segment changes.
There were no goodwill impairment losses recorded during the first three months of 2024 or full-year 2023 and the company has no accumulated impairment losses. Purchase price adjustments recorded in the first three months of 2024 and full-year 2023 were related to acquisitions that were still subject to the measurement period that ends at the earlier of 12 months from the acquisition date or when information becomes available. Net purchase price adjustments recorded in the first three months of 2024 and full-year 2023 were not material.