OTHER INTANGIBLE ASSETS, NET

9 Months Ended

Sep. 30, 2023

Intangible Assets, Net (Excluding Goodwill) [Abstract]

OTHER INTANGIBLE ASSETS, NET

OTHER INTANGIBLE ASSETS, NET

Intangible assets are generally the result of acquisitions and consist primarily of purchased technology and customer related

intangibles. Intangible assets are amortized over useful lives that range between 1 to 20 years.

The following tables present the cumulative composition of the Corporation’s intangible assets:

	September 30, 2023						December 31, 2022
(In thousands)	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Technology	$	307,852	$	(191,018)	$	116,834	$	306,160	$	(176,675)	$	129,485
Customer related intangibles	667,427		(327,490)		339,937		666,638		(298,160)		368,478
Programs (1)	144,000		(39,600)		104,400		144,000		(34,200)		109,800
Other intangible assets	53,924		(42,747)		11,177		53,879		(40,745)		13,134
Total	$	1,173,203	$	(600,855)	$	572,348	$	1,170,677	$	(549,780)	$	620,897

(1) Programs include values assigned to major programs of acquired businesses and represent the aggregate value associated with the customer relationships, contracts, technology, and trademarks underlying the associated program. 

Total intangible amortization expense for the nine months ended September 30, 2023 was $49 million, as compared to $46 million in the comparable prior year period. The estimated future amortization expense of intangible assets over the next five years is as follows:

(In millions)
2023	$	65
2024	$	56
2025	$	54
2026	$	53
2027	$	50