Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2021

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

NOTE E. GOODWILL AND OTHER INTANGIBLE ASSETS

As of March 31, 2021 and December 31, 2020, the carrying value of the Company’s Goodwill was $2,064 million.

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

	March 31, 2021							December 31, 2020
	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		(719	)		120		839		(708	)		131
Proprietary technology		478		(477	)		1		478		(477	)		1
Customer relationships — defense		62		(48	)		14		62		(47	)		15
Total	$	2,195	$	(1,244	)	$	951	$	2,195	$	(1,232	)	$	963

As of March 31, 2021 and December 31, 2020, the carrying value of the Company’s Goodwill and Intangible assets, net was $3,015 million and $3,027 million, respectively.

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

	2022		2023		2024		2025		2026
Amortization expense	$	45	$	43	$	8	$	4	$	1