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Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets by Major Class :

 

 

(Stated in millions)

 

 

 

Jun. 30, 2023

 

Dec. 31, 2022

 

Gross

 

Accumulated

 

 

Net Book

 

Gross

 

Accumulated

 

 

Net Book

 

Book Value

 

Amortization

 

 

Value

 

Book Value

 

Amortization

 

 

Value

 

Customer relationships

$

1,709

 

$

667

 

$

1,042

 

$

1,680

 

$

631

 

$

1,049

 

Technology/technical know-how

 

1,306

 

 

 

721

 

 

585

 

 

1,280

 

 

676

 

 

604

 

Tradenames

 

795

 

 

248

 

 

547

 

 

767

 

 

222

 

 

545

 

Other

 

1,704

 

 

910

 

 

794

 

 

1,657

 

 

863

 

 

794

 

$

5,514

 

$

2,546

 

$

2,968

 

$

5,384

 

$

2,392

 

$

2,992

 

Amortization Expense Charged to Income for Intangible Assets

Amortization expense charged to income was as follows:

(Stated in millions)

 

 

 

 

 

 

 

 

2023

 

 

2022

 

Second Quarter

$

77

 

$

75

 

Six Months

$

153

 

$

150