
In millions	Electronics & Industrial		Water & Protection		Corporate & Other		Total
Balance at December 31, 2023	$	10,205	$	5,900	$	615	$	16,720

Currency translation adjustment	(51)		(59)		(4)		(114)
Goodwill recognized for Spectrum Acquisition	7		—		—		7
Balance at March 31, 2024	$	10,161	$	5,841	$	611	$	16,613

Effective as of January 1, 2024, Electronics & Industrial realigned certain of its product lines making up its business lines (Industrial Solutions, Interconnect Solutions and Semiconductor Technologies). During the first quarter of 2024, the realignment of the businesses within Electronics & Industrial served as a triggering event requiring the Company to perform an impairment analysis related to goodwill carried by certain reporting units as of January 1, 2024, prior to the realignment. As part of the realignment, the Company assessed and re-defined certain reporting units effective January 1, 2024, including reallocation of goodwill on a relative fair value basis, as applicable, to reporting units impacted. Goodwill impairment analyses were then performed for reporting units impacted in the Electronics and Industrial segment and no impairments were identified. The fair value of each reporting unit tested was estimated using a combination of a discounted cash flow model and market approach. The Company’s assumptions in estimating fair value include projected revenue, gross margins, selling, administrative, research and development expenses (SARD), capital expenditures, the weighted average cost of capital, the terminal growth rates, and the tax rate for the income approach and projected EBITDA and derived multiples from comparable market transactions for the market approach.

In connection with the preparation of the full year 2023 financial statements, macroeconomic triggering events required the Company to perform an impairment analysis of the goodwill associated with its Protection reporting unit, within Water & Protection as of December 31, 2023. As a result of the analysis performed, the Company concluded that the carrying amount of the Protection reporting unit exceeded its fair value resulting in a non-cash goodwill impairment charge of $804 million, which was recorded within “Goodwill impairment charge” on the Consolidated Statements of Operations for the year ended December 31, 2023. This reporting unit remains at risk for future impairment due to the fair value now being equal to the carrying value as a result of the recorded impairment. Should macroeconomic conditions worsen, resulting in further recovery delays, or other events occur indicating that the estimated future cash flows of the reporting unit have further declined and the reporting unit is unable to meet or exceed its projections from 2024 and other future years, the Company may be required to record future non-cash impairment charges related to goodwill. As of March 31, 2024, the remaining carrying amount of goodwill within the Protection reporting unit was $4.8 billion.


	March 31, 2024						December 31, 2023
In millions	Gross Carrying Amount		Accum Amort		Net		Gross Carrying Amount		Accum Amort		Net
Intangible assets with finite lives:
Developed technology	$	2,074	$	(1,137)	$	937	$	2,079	$	(1,092)	$	987
Trademarks/tradenames	925		(431)		494		924		(414)		510
Customer-related	5,770		(2,392)		3,378		5,815		(2,329)		3,486
Other	28		(1)		27		28		(1)		27
Total other intangible assets with finite lives	$	8,797	$	(3,961)	$	4,836	$	8,846	$	(3,836)	$	5,010
Intangible assets with indefinite lives:
Trademarks/tradenames	804		—		804		804		—		804
Total other intangible assets	$	804	$	—	$	804	$	804	$	—	$	804
Total	$	9,601	$	(3,961)	$	5,640	$	9,650	$	(3,836)	$	5,814