XML 55 R37.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Goodwill and Intangible Assets (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
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:
|  | December 31,
(Millions) |  | 2023 |  | 2022
Customer related (original lives largely 11 to 19 years) |  | $ | 4,073 |  |  | $ | 4,062 |
Patents (original lives largely 9 to 13 years) |  | 420 |  |  | 426 |
Other technology-based (original lives largely 6 to 20 years) |  | 2,077 |  |  | 2,081 |
Definite-lived tradenames (original lives largely 6 to 20 years) |  | 1,166 |  |  | 1,166 |
Other (original lives largely 10 years) |  | 78 |  |  | 84 |
Total gross carrying amount |  | 7,814 |  |  | 7,819 |
Accumulated amortization — customer related |  | (1,966) |  |  | (1,747) |
Accumulated amortization — patents |  | (419) |  |  | (421) |
Accumulated amortization — other technology-based |  | (1,178) |  |  | (1,000) |
Accumulated amortization — definite-lived tradenames |  | (575) |  |  | (509) |
Accumulated amortization — other |  | (57) |  |  | (60) |
Total accumulated amortization |  | (4,195) |  |  | (3,737) |
Total finite-lived intangible assets — net |  | 3,619 |  |  | 4,082 |
Indefinite lived intangible assets (primarily tradenames) |  | 607 |  |  | 617 |
Total intangible assets — net |  | $ | 4,226 |  |  | $ | 4,699 |
Schedule of Amortization Expense for Acquired Intangible Assets | Amortization expense follows:
|  |  |  |  |  | Year ended December 31,
(Millions) |  |  |  |  |  | 2023 |  | 2022 |  | 2021
Amortization expense |  |  |  |  |  | $ | 482 |  |  | $ | 498 |  |  | $ | 529 |
Schedule of Expected Amortization Expense for Acquired Amortizable Intangible Assets | Expected amortization expense for acquired amortizable intangible assets recorded as of December 31, 2023 follows:
(Millions) |  |  |  | 2024 |  | 2025 |  | 2026 |  | 2027 |  | 2028 |  | After 2028
Amortization expense |  |  |  | $ | 453 |  |  | $ | 423 |  |  | $ | 418 |  |  | $ | 394 |  |  | $ | 367 |  |  | $ | 1,564 |

X
- Definition Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life. + References No definition available. + Details
Name: | us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration