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GOODWILL AND OTHER INTANGIBLE ASSETS - NET
3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS - NET GOODWILL AND OTHER INTANGIBLE ASSETS—NET
As part of the segment realignment discussed in Note 18 Segment Financial Data, the Company performed a reallocation of goodwill on a relative fair value basis as of the first quarter of 2026, with goodwill in prior periods recast on a consistent basis. This resulted in a reallocation of goodwill between the Industrial Automation and Process Automation and Technology reportable business segments. We performed interim impairment tests in the first quarter of 2026 for reporting units impacted and determined there was no goodwill impairment.
The following table summarizes the change in the carrying amount of goodwill for the three months ended March 31, 2026, by reportable business segment:
December 31, 2025AcquisitionsCurrency
Translation
Adjustment
March 31, 2026
Aerospace Technologies
$3,025 $— $(2)$3,023 
Building Automation
6,439 — (10)6,429 
Process Automation and Technology
7,140 — 64 7,204 
Industrial Automation
3,526 — (51)3,475 
Corporate and All Other949 — (1)948 
Total Goodwill$21,079 $ $ $21,079 
Other intangible assets are comprised of:
 March 31, 2026December 31, 2025
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Definite-life intangibles
      
Patents and technology$3,304 $(1,754)$1,550 $3,354 $(1,714)$1,640 
Customer relationships6,318 (2,096)4,222 6,325 (2,008)4,317 
Trademarks303 (237)66 297 (232)65 
Other622 (284)338 592 (272)320 
Total definite-life intangibles—net10,547 (4,371)6,176 10,568 (4,226)6,342 
Indefinite-life intangibles
Trademarks386 — 386 394 — 394 
Total Other intangible assets—net$10,933 $(4,371)$6,562 $10,962 $(4,226)$6,736 
Intangible assets amortization expense was $153 million and $135 million for the three months ended March 31, 2026 and 2025, respectively.