Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

NOTE E. GOODWILL AND OTHER INTANGIBLE ASSETS

As of both March 31, 2023 and December 31, 2022, the carrying value of the Company’s Goodwill was $2,075 million.

The following presents a summary of other intangible assets (dollars in millions):

	March 31, 2023							December 31, 2022
	Intangible assets, gross		Accumulated amortization			Intangible assets, net		Intangible assets, gross		Accumulated amortization			Intangible assets, net
Other intangible assets:
Trade name	$	791	$	—		$	791	$	791	$	—		$	791
In-process research and development		25		—			25		25		—			25
Customer relationships — commercial		839		(802	)		37		839		(793	)		46
Proprietary technology		484		(478	)		6		484		(477	)		7
Customer relationships — defense		62		(54	)		8		62		(53	)		9
Non-compete agreements		1		(1	)		—		1		(1	)		—
Total	$	2,202	$	(1,335	)	$	867	$	2,202	$	(1,324	)	$	878

As of March 31, 2023 and December 31, 2022, the carrying value of the Company’s Goodwill and Intangible assets, net was $2,942 million and $2,953 million, respectively.

Amortization expense related to other intangible assets for the next five fiscal years is expected to be (dollars in millions):

	2024		2025		2026		2027		2028
Amortization expense	$	9	$	5	$	2	$	1	$	1