Goodwill, Customer Relationships and Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill, customer relationships and other intangible assets

Goodwill, customer relationships and other intangible assets consisted of the following:

	March 31, 2023(1)		December 31, 2022(1)
	(Dollars in millions)
Goodwill	$	1,970	1,970
Customer relationships, less accumulated amortization of $3,423 and $3,265	$	4,405	4,563
Capitalized software, less accumulated amortization of $365 and $387	420		410
Trade names, less accumulated amortization of $— and $130 (2)	—		—
Total other intangible assets, net	$	4,825	4,973

_______________________________________________________________________________

(1)These values exclude assets classified as held for sale.

(2)Trade names with a gross carrying value of $130 million became fully amortized during 2022 and were retired during the first quarter of 2023.

Schedule of estimated amortization expense for intangible assets

We estimate that total amortization expense for intangible assets for the years ending December 31, 2023 through 2027 will be as provided in the table below. As a result of classifying our EMEA business as being held for sale on our March 31, 2023 consolidated balance sheet, the amounts presented below do not include the future amortization of the intangible assets for the business to be divested. See Note 2—Planned Divestiture of the EMEA Business for more information.

	(Dollars in millions)
2023 (remaining nine months)	$	513
2024	680
2025	660
2026	648
2027	602