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Goodwill and Intangible Assets (Tables) | 9 Months Ended
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Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The goodwill balance by business segment follows:
(Millions) |  | Safety and Industrial |  | Transportation and Electronics |  | Health Care |  | Consumer |  | Total Company
Balance as of December 31, 2022 |  | $ | 4,509 |  | $ | 1,501 |  | $ | 6,515 |  | $ | 265 |  | $ | 12,790
Divestiture activity |  | — |  |  | — |  |  | (4) |  | — |  |  | (4)
Translation and other |  | (17) |  |  | (3) |  |  | (43) |  |  | (2) |  |  | (65) |
Balance as of September 30, 2023 |  | $ | 4,492 |  | $ | 1,498 |  | $ | 6,468 |  | $ | 263 |  | $ | 12,721
Schedule of Acquired Intangible Assets | The carrying amount and accumulated amortization of acquired finite-lived intangible assets, in addition to the balance of non-amortizable intangible assets follow:
(Millions) |  | September 30, 2023 |  | December 31, 2022
Customer related intangible assets |  | $ | 4,046 |  |  | $ | 4,062 |
Patents |  | 428 |  |  | 426 |
Other technology-based intangible assets |  | 2,083 |  |  | 2,081 |
Definite-lived tradenames |  | 1,165 |  |  | 1,166 |
Other amortizable intangible assets |  | 81 |  |  | 84 |
Total gross carrying amount |  | 7,803 |  |  | 7,819 |
Accumulated amortization — customer related |  | (1,901) |  |  | (1,747) |
Accumulated amortization — patents |  | (426) |  |  | (421) |
Accumulated amortization — other technology-based |  | (1,140) |  |  | (1,000) |
Accumulated amortization — definite-lived tradenames |  | (558) |  |  | (509) |
Accumulated amortization — other |  | (59) |  |  | (60) |
Total accumulated amortization |  | (4,084) |  |  | (3,737) |
Total finite-lived intangible assets — net |  | 3,719 |  |  | 4,082 |
Non-amortizable intangible assets (primarily tradenames) |  | 605 |  |  | 617 |
Total intangible assets — net |  | $ | 4,324 |  |  | $ | 4,699 |
Schedule of Amortization Expense for Acquired Intangible Assets | Amortization expense follows:
|  | Three months ended September 30, |  | Nine months ended September 30, |  |
(Millions) |  | 2023 |  | 2022 |  | 2023 |  | 2022 |  |  |  |  |  |
Amortization expense |  | $ | 122 |  |  | $ | 124 |  |  | $ | 365 |  |  | $ | 384 |  |  |  |  |  |  |
Schedule of Expected Amortization Expense for Acquired Amortizable Intangible Assets | Expected amortization expense for acquired amortizable intangible assets recorded as of September 30, 2023 follows:
(Millions) |  | Remainder of 2023 |  | 2024 |  | 2025 |  | 2026 |  | 2027 |  | 2028 |  | After 2028
Amortization expense |  | $ | 115 |  |  | $ | 452 |  |  | $ | 422 |  |  | $ | 416 |  |  | $ | 392 |  |  | $ | 366 |  |  | $ | 1,556 |

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