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Amortizable Intangible Assets
6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Amortizable Intangible Assets

NOTE 7 Amortizable Intangible Assets

Amortizable intangible assets consisted of the following:

 

 

 

June 30, 2025

December 31, 2024

 

(in millions)

 

Gross
carrying
value

 

 

Accumulated
amortization

 

 

Net
carrying
value

 

 

Gross
carrying
value

 

 

Accumulated
amortization

 

 

Net
carrying
value

 

Purchased customer accounts and other

 

$

3,544

 

 

$

(1,776

)

 

$

1,768

 

 

$

3,557

 

 

$

(1,718

)

 

$

1,839

 

Foreign currency translation adjustments during the year

 

 

112

 

 

 

(14

)

 

 

98

 

 

 

(28

)

 

 

3

 

 

 

(25

)

Total

 

$

3,656

 

 

$

(1,790

)

 

$

1,866

 

 

$

3,529

 

 

$

(1,715

)

 

$

1,814

 

Amortization expense for intangible assets for the years ending December 31, 2025, 2026, 2027, 2028 and 2029 is estimated to be $194 million, $189 million, $177 million, $171 million, and $154 million, respectively.