Qnity Electronics, Inc.
For the period ended Mar 31, 2026. Filed May 12, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 12, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Goodwill and Other Intangible Assets
NOTE 11 -GOODWILL AND OTHER INTANGIBLE ASSETS
The following table summarizes changes in the carrying amount of goodwill during the three months ended March 31, 2026.
| In millions | Semiconductor Technologies | Interconnect Solutions | Total |
|---|---|---|---|
| Balance at December 31, 2025 | $4,542 | $2,980 | $7,522 |
| Currency translation adjustment | (2) | (6) | (8) |
| Balance at March 31, 2026 | $4,540 | $2,974 | $7,514 |
Other Intangible Assets
The gross carrying amounts and accumulated amortization of other intangible assets with finite lives, by major class are as follows:
| March 31, 2026 | December 31, 2025 | |||||
|---|---|---|---|---|---|---|
| In millions | Gross Carrying Amount | Accumulated Amortization | Net | Gross Carrying Amount | Accumulated Amortization | Net |
| Other intangible assets: | ||||||
| Developed technology | $544 | $(363) | $181 | $544 | $(349) | $195 |
| Trademarks/tradenames | 55 | (39) | 16 | 55 | (38) | 17 |
| Customer-related | 2,122 | (1,258) | 864 | 2,125 | (1,226) | 899 |
| Total other intangible assets | $2,721 | $(1,660) | $1,061 | $2,724 | $(1,613) | $1,111 |
The following table provides the net carrying value of other intangible assets by segment:
| Net Other Intangibles | March 31, 2026 | December 31, 2025 |
|---|---|---|
| In millions | ||
| Semiconductor Technologies | $250 | $264 |
| Interconnect Solutions | 811 | 847 |
| Total | $1,061 | $1,111 |
Total estimated amortization expense for the remainder of 2026 and the five succeeding fiscal years is as follows:
| Estimated Amortization Expense | |
|---|---|
| In millions | |
| Remainder of 2026 | $149 |
| 2027 | $169 |
| 2028 | $144 |
| 2029 | $109 |
| 2030 | $89 |
| 2031 | $89 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.