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Intangible Assets and Goodwill (Tables)

6 Months Ended

Jul. 04, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Goodwill

(Dollars in Millions)						July 4, 2021						January 3, 2021
Intangible assets with definite lives:
Patents and trademarks — gross						$	39,815					39,990
Less accumulated amortization						(19,009)						(17,618)
Patents and trademarks — net						20,806						22,372
Customer relationships and other intangibles — gross						22,976						22,898
Less accumulated amortization						(11,379)						(10,912)
Customer relationships and other intangibles — net*						11,597						11,986
Intangible assets with indefinite lives:
Trademarks						7,105						7,195
Purchased in-process research and development						10,736						11,849
Total intangible assets with indefinite lives						17,841						19,044
Total intangible assets — net						$	50,244					53,402

*The majority is comprised of customer relationships

Goodwill

Goodwill as of July 4, 2021 was allocated by segment of business as follows:

(Dollars in Millions)						Consumer Health						Pharmaceutical						Medical Devices						Total
Goodwill at January 3, 2021						$	10,336					11,009						15,048						36,393
Goodwill, related to acquisitions						—						—						—						—
Goodwill, related to divestitures						(7)						—						—						(7)
Currency translation/Other						(242)						(204)						(121)						(567)
Goodwill at July 4, 2021						$	10,087					10,805						14,927						35,819

Intangible Asset Amortization Expense

The estimated amortization expense for approved products, before tax, for the five succeeding years is approximately:

(Dollars in Millions)
2021						2022						2023						2024						2025
$4,700						4,500						4,500						4,300						3,600

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- Definition

Schedule of Finite and Indefinite-Lived Intangible Assets Excluding Goodwill by Major Class [Table Text Block]

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Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life.

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- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267

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