Goodwill and Intangible Assets
|3 Months Ended|
Mar. 31, 2023
|Goodwill and Intangible Assets Disclosure [Abstract]|
|Goodwill and Intangible Assets||Goodwill and Intangible Assets
The table below presents goodwill balances by business segment at March 31, 2023 and December 31, 2022. The reporting units utilized for goodwill impairment testing are the operating segments or one level below.
Intangible AssetsAt both March 31, 2023 and December 31, 2022, the net carrying value of intangible assets was $2.1 billion. At both March 31, 2023 and December 31, 2022, intangible assets included $1.6 billion of intangible assets associated with trade names, substantially all of which had an indefinite life and, accordingly, are not being amortized. Amortization of intangibles expense was $20 million for both the three months ended March 31, 2023 and 2022
The entire disclosure for goodwill and intangible assets.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef