NORTHROP GRUMMAN CORP /DE/
For the period ended Dec 31, 2025. Filed Jan 27, 2026.
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FY2025 · Filed Jan 27, 2026
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7. Goodwill and Other Purchased Intangible Assets
- GOODWILL AND OTHER PURCHASED INTANGIBLE ASSETS
Goodwill
Changes in the carrying amounts of goodwill for the years ended December 31, 2024 and 2025, were as follows:
| $ in millions | Aeronautics Systems | Defense Systems | Mission Systems | Space Systems | Total |
|---|---|---|---|---|---|
| Balance as of December 31, 2023 | $3,974 | $3,722 | $5,881 | $3,940 | $17,517 |
| Other (1) | — | (5) | — | — | (5) |
| Balance as of December 31, 2024 | $3,974 | $3,717 | $5,881 | $3,940 | $17,512 |
| Divestiture of training services business | — | (80) | — | — | (80) |
| Other (1) | — | 5 | — | — | 5 |
| Balance as of December 31, 2025 | $3,974 | $3,642 | $5,881 | $3,940 | $17,437 |
(1)Other consists primarily of adjustments for foreign currency translation.
At December 31, 2025 and 2024, accumulated goodwill impairment losses totaled $417 million at Aeronautics Systems, $121 million at Space Systems, and $32 million at Defense Systems.
Other Purchased Intangible Assets
Net customer-related and other intangible assets are as follows:
| $ in millions | 2025 | 2024 |
|---|---|---|
| Gross customer-related and other intangible assets | $3,372 | $3,371 |
| Less accumulated amortization | (3,164) | (3,117) |
| Net customer-related and other intangible assets | $208 | $254 |
Amortization expense for 2025, 2024 and 2023, was $45 million, $57 million and $80 million, respectively. As of December 31, 2025, the expected future amortization of purchased intangibles for each of the next five years is as follows:
| $ in millions | |
|---|---|
| 2026 | $42 |
| 2027 | 31 |
| 2028 | 31 |
| 2029 | 31 |
| 2030 | 31 |
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