Goodwill and Purchased Intangible Assets

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND PURCHASED INTANGIBLE ASSETS

3. GOODWILL AND PURCHASED INTANGIBLE ASSETS

Goodwill by Segment The carrying amounts of goodwill by segment as of March 31, 2024 and December 31, 2023 are included in the table below. Foreign currency fluctuations are included within other adjustments.

	December 31, 2023												March 31, 2024
In millions	Goodwill		Accumulated Impairment		Total		Additions		Impairment		Other		Goodwill		Accumulated Impairment		Total
Retail	$	1,081	$	(34)	$	1,047	$	—	$	—	$	(1)	$	1,080	$	(34)	$	1,046
Restaurants	495		(23)		472		—		—		—		495		(23)		472
Digital Banking	521		—		521		—		—		—		521		—		521
Total goodwill	$	2,097	$	(57)	$	2,040	$	—	$	—	$	(1)	$	2,096	$	(57)	$	2,039

Identifiable Intangible Assets The Company’s purchased intangible assets, reported in Intangibles, net in the Condensed Consolidated Balance Sheets, were specifically identified when acquired, and are deemed to have finite lives. The gross carrying amount and accumulated amortization for the Company’s identifiable intangible assets were as set forth in the table below.

	Amortization Period (in Years)	March 31, 2024				December 31, 2023
In millions		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Identifiable intangible assets
Reseller & customer relationships	1 - 20	$	665	$	(448)	$	665	$	(438)
Intellectual property	2 - 8	494		(437)		494		(433)
Customer contracts	8	89		(89)		89		(89)
Tradenames	1 - 10	79		(76)		79		(76)
Total identifiable intangible assets		$	1,327	$	(1,050)	$	1,327	$	(1,036)

Amortization expense related to identifiable intangible assets for the following periods is:

	Three months ended March 31
In millions	2024		2023
Amortization expense	$	14	$	17

The estimated aggregate amortization expense for identifiable intangible assets for the following periods is:

			For the years ended December 31
In millions	Remainder of 2024		2025		2026		2027		2028		2029
Amortization expense	$	41	$	49	$	46	$	40	$	29	$	25