Intangible Assets

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Intangible Assets

Intangible assets consisted of:

	As of June 30, 2024						As of December 31, 2023
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized Intangible Assets
License agreements	$	311	$	240	$	71	$	316	$	234	$	82
Customer relationships	249		221		28		253		221		32
Other	54		47		7		56		46		10
Total	$	614	$	508	$	106	$	625	$	501	$	124
Unamortized Intangible Assets
Goodwill	$	1,087					$	1,099
Trademarks	$	544					$	546

For the three months ended June 30, 2024 and 2023, amortization expense related to amortizable intangible assets was approximately $7 million and $6 million, respectively. For the six months ended June 30, 2024 and 2023, amortization expense related to amortizable intangible assets was approximately $15 million and $14 million, respectively.

Based on our amortizable intangible assets at June 30, 2024, we expect amortization expense of approximately $14 million for the remainder of 2024, $22 million for 2025, $21 million for 2026, $16 million for 2027, $9 million for 2028 and $7 million for 2029, excluding effects of currency exchange rates.