v3.24.3
Goodwill and Intangible assets, net
 9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible assets, net
6. Goodwill and Intangible assets, net
The changes in the net carrying amount of goodwill are as follows (in millions):
Total
Balance as of December 31, 2023$3,212 
Foreign currency translation— 
Balance at September 30, 2024$3,212 
Intangible assets by asset class are as follows (in millions):
September 30, 2024December 31, 2023
Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount		Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
Intangible assets:
Customer-related and contract based intangibles$3,192 $689 $2,503 $3,192 $529 $2,663 
Technology related intangibles230 123 107 230 94 136 
Trade name408 93 315 408 71 337 
Total$3,830 $905 $2,925 $3,830 $694 $3,136 
Amortization expense from finite-lived intangible assets for each of the three months ended September 30, 2024 and 2023 was $70 million and $69 million, respectively. Amortization expense from finite-lived intangible assets for the nine months ended September 30, 2024 and 2023 was $210 million and $210 million, respectively. Amortization expense from finite-lived intangible assets was recorded in Depreciation and intangible amortization in the Condensed Consolidated Statements of Comprehensive Income (Loss).
The following table reflects intangible assets net carrying amount and weighted-average remaining useful lives as of September 30, 2024 and December 31, 2023 (in millions, except for years):
September 30, 2024December 31, 2023
Net
Carrying
Amount		Weighted-Average
Remaining
Useful Lives		Net
Carrying
Amount		Weighted-Average
Remaining
Useful Lives
Intangible assets:
Customer-related and contract-based intangibles$2,503 11.7$2,663 12.5
Technology-related intangibles107 2.8136 3.5
Trade name315 11.7337 12.4
Total$2,925 $3,136 
Subsequent to September 30, 2024, the annual amortization expense is expected to be as follows (in millions):
Customer-Related
and Contract Based
Intangibles		Technology
Related
Intangibles		Trade
Name
Intangibles		Total
2024 (October - December)$53 $10 $7 $70 
2025214 39 28 281 
2026214 38 27 279 
2027214 19 27 260 
2028214 1 27 242 
Thereafter1,594 — 199 1,793 
Total amortization expense$2,503 $107 $315 $2,925