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Amortizable Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Amortizable Intangible Assets

Amortizable intangible assets consisted of the following:

 

 

 

March 31, 2025

 

 

December 31, 2024

 

(in millions)

 

Gross
carrying
value

 

 

Accumulated
amortization

 

 

Net
carrying
value

 

 

Weighted
average
life
(years)
(1)

 

 

Gross
carrying
value

 

 

Accumulated
amortization

 

 

Net
carrying
value

 

 

Weighted
average
life
(years)
(1)

 

Purchased customer accounts and other

 

$

3,548

 

 

$

(1,759

)

 

$

1,789

 

 

 

15

 

 

$

3,557

 

 

$

(1,718

)

 

$

1,839

 

 

 

15

 

Foreign currency translation adjustments during the year

 

 

37

 

 

 

(5

)

 

 

32

 

 

 

 

 

 

(28

)

 

 

3

 

 

 

(25

)

 

 

 

Total

 

$

3,585

 

 

$

(1,764

)

 

$

1,821

 

 

 

 

 

$

3,529

 

 

$

(1,715

)

 

$

1,814

 

 

 

 

 

(1) Weighted average life calculated as of the date of acquisition.