Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

Goodwill

The changes in the carrying amount of goodwill by segment are as follows:

(In millions)	Textron Aviation		Bell		Textron Systems		Industrial		Textron eAviation		Total
Balance at January 2, 2021	$	631	$	35	$	1,009	$	482	$	—	$	2,157
Foreign currency translation	—		—		1		(9)		—		(8)
Balance at January 1, 2022	631		35		1,010		473		—		2,149
Acquisitions	3		2		—		—		141		146
Foreign currency translation	(1)		—		—		(8)		(3)		(12)
Balance at December 31, 2022	$	633	$	37	$	1,010	$	465	$	138	$	2,283

Intangible Assets

Our intangible assets are summarized below:

		December 31, 2022						January 1, 2022
(Dollars in millions)	Weighted-Average Amortization Period (in years)	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Patents and technology	15	$	527	$	(319)	$	208	$	481	$	(289)	$	192
Trade names and trademarks	18	199		(8)		191		181		(8)		173
Customer relationships and    contractual agreements	15	392		(330)		62		382		(309)		73
Other	—	—		—		—		3		(3)		—
Total		$	1,118	$	(657)	$	461	$	1,047	$	(609)	$	438

Trade names and trademarks in the table above include $169 million of indefinite-lived intangible assets at both December 31, 2022 and January 1, 2022. In 2022, 2021 and 2020, amortization expense totaled $52 million, $51 million and $54 million, respectively. Amortization expense is estimated to be approximately $39 million, $37 million, $34 million, $31 million and $29 million in 2023, 2024, 2025, 2026 and 2027, respectively.