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Goodwill and Intangible Assets, net (Tables)
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
Our goodwill balance and changes in carrying value by segment follows:

(in millions)Products and SolutionsADI Global DistributionTotal
Balance at January 1, 2022$2,010 $651 $2,661 
Acquisitions94 15 109 
Divestiture — (4)(4)
Impact of foreign currency translation(32)(10)(42)
Balance at December 31, 20222,072 652 2,724 
Acquisitions10 
Divestitures (46)— (46)
Adjustments (5)— (5)
Impact of foreign currency translation 17 22 
Balance at December 31, 2023$2,045 $660 $2,705 
Schedule of Indefinite-Lived Intangible Assets
December 31,
(in millions)20232022
Intangible assets subject to amortization$281 $295 
Indefinite-lived intangible assets180 180 
Total intangible assets$461 $475 
Schedule of Intangible Assets With Finite Lives
December 31,
(in millions)20232022
Intangible assets subject to amortization$281 $295 
Indefinite-lived intangible assets180 180 
Total intangible assets$461 $475 
December 31, 2023
(in millions)Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Useful LivesWeighted Average Amortization
Patents and technology$64 $(26)$38 
7 - 10 years
10 years
Customer relationships319 (138)181 
7 - 15 years
14 years
Trademarks(8)
5 - 10 years
10 years
Software193 (132)61 
2 - 7 years
5 years
Total intangible assets$585 $(304)$281 

December 31, 2022
(in millions)Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Useful LivesWeighted Average Amortization
Patents and technology$65 $(28)$37 
3 - 10 years
10 years
Customer relationships313 (117)196 
7 - 15 years
14 years
Trademarks14 (8)
10 years
10 years
Software175 (119)56 
2 - 7 years
6 years
Total intangible assets$567 $(272)$295 
Estimated Aggregate Amortization On Intangible Assets
The estimated aggregate amortization on these intangible assets for each of the next five years as of December 31, 2023, follows:

(in millions)Amortization Expense
2024$38 
2025$40 
2026$35 
2027$29 
2028$26