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Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets by Major Class :

 

 

(Stated in millions)

 

 

 

Sept. 30, 2023

 

Dec. 31, 2022

 

Gross

 

Accumulated

 

 

Net Book

 

Gross

 

Accumulated

 

 

Net Book

 

Book Value

 

Amortization

 

 

Value

 

Book Value

 

Amortization

 

 

Value

 

Customer relationships

$

1,708

 

$

687

 

$

1,021

 

$

1,680

 

$

631

 

$

1,049

 

Technology/technical know-how

 

1,304

 

 

 

742

 

 

562

 

 

1,280

 

 

676

 

 

604

 

Tradenames

 

795

 

 

256

 

 

539

 

 

767

 

 

222

 

 

545

 

Other

 

1,727

 

 

937

 

 

790

 

 

1,657

 

 

863

 

 

794

 

$

5,534

 

$

2,622

 

$

2,912

 

$

5,384

 

$

2,392

 

$

2,992

 

Summary of Amortization Expense

Amortization expense was as follows:

(Stated in millions)

 

 

 

 

 

 

 

 

2023

 

 

2022

 

Third Quarter

$

78

 

$

76

 

Nine Months

$

231

 

$

226