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Intangible Assets and Goodwill | 9 Months Ended
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Oct. 03, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets and Goodwill | INTANGIBLE ASSETS AND GOODWILL Intangible assets that have finite useful lives are amortized over their estimated useful lives. The latest annual impairment assessment of goodwill and indefinite lived intangible assets was completed in the fiscal fourth quarter of 2020. Future impairment tests for goodwill and indefinite lived intangible assets will be performed annually in the fiscal fourth quarter, or sooner, if warranted.
(Dollars in Millions) |  | October 3, 2021 |  | January 3, 2021
Intangible assets with definite lives: |  |  |  |
Patents and trademarks — gross |  | $ | 39,176 |  |  | 39,990 |
Less accumulated amortization |  | (19,569) |  |  | (17,618) |
Patents and trademarks — net |  | 19,607 |  |  | 22,372 |
Customer relationships and other intangibles — gross |  | 22,950 |  |  | 22,898 |
Less accumulated amortization |  | (11,637) |  |  | (10,912) |
Customer relationships and other intangibles — net* |  | 11,313 |  |  | 11,986 |
Intangible assets with indefinite lives: |  |  |  |
Trademarks |  | 7,013 |  |  | 7,195 |
Purchased in-process research and development (1) |  | 9,843 |  |  | 11,849 |
Total intangible assets with indefinite lives |  | 16,856 |  |  | 19,044 |
Total intangible assets — net |  | $ | 47,776 |  |  | 53,402 |
*The majority is comprised of customer relationships (1)In the fiscal third quarter of 2021, the Company recorded a partial IPR&D impairment charge of $0.9 billion primarily related to expected development delays in the general surgery digital robotics platform (Ottava) acquired with the Auris Health acquisition in 2019. The impairment charge was calculated based on revisions to the discounted cash flow valuation model reflecting a delay of first in human procedures of approximately two years from the initial acquisition model assumption of the second half of 2022. The remaining reduction was driven by assets that reached commercialization and are now classified as having definite lives. Goodwill as of October 3, 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 |  | (347) |  |  | (283) |  |  | (187) |  |  | (817) |
Goodwill at October 3, 2021 |  | $ | 9,982 |  |  | 10,726 |  |  | 14,861 |  |  | 35,569 |
The weighted average amortization period for patents and trademarks is 12 years. The weighted average amortization period for customer relationships and other intangible assets is 21 years. The amortization expense of amortizable intangible assets included in cost of products sold was $1.1 billion and $1.2 billion for the fiscal third quarters ended October 3, 2021 and September 27, 2020, respectively. The amortization expense of amortizable intangible assets included in cost of products sold was $3.6 billion and $3.4 billion for the fiscal nine months ended October 3, 2021 and September 27, 2020, respectively. Intangible asset write-downs are included in Other (income) expense, net. 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
See Note 10 to the Consolidated Financial Statements for additional details related to acquisitions and divestitures.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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