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Intangible Assets and Goodwill (Tables)
 6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Intangible assets
Intangible assets were comprised of the following:
 
  June 30, 2023
(Millions of dollars)Weighted
Amortizable
Life (Years)
Gross
Carrying
Amount 1
Accumulated
Amortization 1
Net
Customer relationships16$2,233 $(1,744)$489 
Intellectual property14650 (551)99 
Other17120 (78)42 
Total finite-lived intangible assets15$3,003 $(2,373)$630 

  December 31, 2022
Weighted
Amortizable
Life (Years)		Gross
Carrying
Amount		Accumulated
Amortization		Net
Customer relationships16$2,233 $(1,675)$558 
Intellectual property121,473 (1,320)153 
Other16132 (85)47 
Total finite-lived intangible assets14$3,838 $(3,080)$758 
1 For the six months ended June 30, 2023, $829 million of intangible assets were fully amortized and have been removed.
Summary of expected amortization expense related to intangible assets Amortization expense related to intangible assets is expected to be:
(Millions of dollars)
Remaining Six Months of 20232024202520262027Thereafter
$87$171$161$91$27$93
Summary of Goodwill acquired
The changes in carrying amount of goodwill by reportable segment for the six months ended June 30, 2023 were as follows: 

(Millions of dollars)December 31,
2022
Other Adjustments 1
June 30,
2023
Construction Industries
Goodwill$287 $(13)$274 
Impairments(22)— (22)
Net goodwill265 (13)252 
Resource Industries
Goodwill4,130 16 4,146 
Impairments(1,175)— (1,175)
Net goodwill2,955 16 2,971 
Energy & Transportation
Goodwill2,947 6 2,953 
Impairments(925)— (925)
Net goodwill2,022 6 2,028 
All Other 2
Goodwill46 (4)42 
Impairments— — — 
Net goodwill46 (4)42 
Consolidated total
Goodwill7,410 5 7,415 
Impairments(2,122)— (2,122)
Net goodwill$5,288 $5 $5,293 


1 Other adjustments are comprised primarily of foreign currency translation.
2 Includes All Other operating segment (See Note 16).