Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

The changes in the net carrying amount of goodwill for the years ended December 31, 2023 and 2022, respectively, are as follows (in millions):

Balance as of January 1, 2022	$	8,434
Goodwill related to current year acquisitions	87
Goodwill related to current year disposals	(11)
Foreign currency translation and other	(218)
Balance as of December 31, 2022	$	8,292
Goodwill related to current year acquisitions	23
Goodwill related to current year disposals	(1)
Foreign currency translation and other	100
Balance as of December 31, 2023	$	8,414

Other intangible assets by asset class are as follows (in millions):

	2023						2022
As of December 31	Gross Carrying Amount		Accumulated Amortization and Impairment		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization and Impairment		Net Carrying Amount
Customer-related and contract-based (1)	$	1,873	$	1,686	$	187	$	2,207	$	1,833	$	374
Technology and other intangibles	371		324		47		450		377		73
Total	$	2,244	$	2,010	$	234	$	2,657	$	2,210	$	447

(1)As of December 31, 2023, the Company classified $158 million of Intangible assets, net, as Assets held for sale within Other current assets. Refer to Note 6 “Acquisitions and Dispositions of Businesses” for further information.

Amortization and impairment of intangible asset charges from finite lived intangible assets were $89 million, $113 million, and $147 million for the years ended December 31, 2023, 2022, and 2021, respectively.

The estimated future amortization for finite-lived intangible assets as of December 31, 2023 is as follows (in millions):

	Estimated Future Amortization
For the years ended
2024	$	65
2025	54
2026	35
2027	23
2028	17
Thereafter	40
Total	$	234