v3.24.3
Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table presents the changes in Goodwill for the nine months ended September 30, 2024:
(In millions)
Balance as of December 31, 2023$630 
Acquired goodwill397 
Balance as of September 30, 2024$1,027 
Schedule of Finite-Lived Intangible Assets
The following table summarizes the balance of our identifiable intangible assets:
(In millions)September 30, 2024December 31, 2023
Customer relationships$680 $186 
Trade name15 — 
Total identifiable intangible assets, gross695 186
Less: Accumulated amortization(130)(118)
Total identifiable intangible assets, net$565 $68 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
Estimated future amortization expense for amortizable intangible assets for the next five years and thereafter is as follows:
(In millions)Remaining 20242025202620272028Thereafter
Estimated amortization expense$17 $50 $45 $44 $41 $368