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Intangible Assets

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible assets consisted of:


	As of March 31, 2025						As of December 31, 2024
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized Intangible Assets
License agreements	$	313	$	252	$	61	$	306	$	244	$	62
Customer relationships	250		229		21		244		221		23
Other	54		49		5		52		47		5
Total	$	617	$	530	$	87	$	602	$	512	$	90
Unamortized Intangible Assets
Goodwill	$	1,091					$	1,071
Trademarks	$	511					$	511

For the three months ended March 31, 2025 and 2024, amortization expense related to amortizable intangible assets was approximately $6 million and $8 million, respectively.

Based on our amortizable intangible assets at March 31, 2025, we expect amortization expense of approximately $16 million for the remainder of 2025, $21 million for 2026, $16 million for 2027, $9 million for 2028, $7 million for 2029 and $7 million for 2030, excluding effects of currency exchange rates.