Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

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Intangible Assets
6 Months Ended
Jun. 30, 2024
Intangible Assets  
Intangible Assets

(5) Intangible Assets

Intangible Assets Subject to Amortization, net

    

June 30, 2024

    

December 31, 2023

 

Gross

Net

Gross

Net

carrying

Accumulated

carrying

carrying

Accumulated

carrying

 

    

amount

    

amortization

    

amount

    

amount

    

amortization

    

amount

 

amounts in millions

 

Customer relationships

$

515

(153)

362

515

(132)

383

Other amortizable intangible assets

 

160

(86)

74

156

(78)

78

Total

$

675

(239)

436

671

(210)

461

Amortization expense for intangible assets with finite useful lives was $15 million and $16 million for the three months ended June 30, 2024 and 2023, respectively, and $30 million and $32 million for the six months ended June 30, 2024 and 2023, respectively. Amortization expense for amortizable intangible assets for each of the five succeeding fiscal years is estimated to be (amounts in millions):

Remainder of 2024

$

29

2025

$

54

2026

$

51

2027

$

49

2028

$

48