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Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets by Major Class

Intangible assets consist of the following:

 

 

(Stated in millions)

 

 

 

2024

 

2023

 

Gross

 

Accumulated

 

 

Net Book

 

Gross

 

Accumulated

 

 

Net Book

 

Book Value

 

Amortization

 

 

Value

 

Book Value

 

Amortization

 

 

Value

 

Customer relationships

$

1,887

 

$

799

 

$

1,088

 

$

1,887

 

$

709

 

$

1,178

 

Technology/technical know-how

 

1,588

 

 

 

872

 

 

716

 

 

1,516

 

 

 

770

 

 

746

 

Trade names

 

795

 

 

299

 

 

496

 

 

795

 

 

265

 

 

530

 

Other

 

1,604

 

 

892

 

 

712

 

 

1,582

 

 

797

 

 

785

 

$

5,874

 

$

2,862

 

$

3,012

 

$

5,780

 

$

2,541

 

$

3,239