DNOW Inc.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
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9. Intangibles, net
Identified intangible assets by major classification consist of the following (in millions):
| Accumulated · Net Book | |||
|---|---|---|---|
| Gross | Amortization | Value | |
| December 31, 2025: | |||
| Trade names and patents (1) | $253 | $(5) | $248 |
| Customer relationships | 333 | (16) | 317 |
| Other | 4 | (4) | — |
| Total identified intangibles | $590 | $(25) | $565 |
| December 31, 2024: | |||
| Trade names and patents | $22 | $(2) | $20 |
| Customer relationships | 52 | (8) | 44 |
| Other | 4 | (3) | 1 |
| Total identified intangibles | $78 | $(13) | $65 |
(1)
For the year ended December 31, 2025, trade names and patents include $230 million of trade names, which are classified as indefinite-lived intangible assets.
No impairment for intangible assets was recognized for the years ended December 31,2025, 2024 and 2023.
Amortization expense was$11 million,$7 million and$5 million for the years ended December 31, 2025, 2024 and 2023, respectively. The following table represents the total estimated amortization of intangible assets for the five succeeding years (in millions):
| For the Year Ending December 31, | Estimated Amortization Expense |
|---|---|
| 2026 | $26 |
| 2027 | 26 |
| 2028 | 26 |
| 2029 | 26 |
| 2030 | 25 |
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