XML 48 R25.htm IDEA: XBRL DOCUMENT v3.23.2
Intangible Assets and Goodwill (Tables)
 6 Months Ended
Jul. 02, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill
(Dollars in Millions)July 2, 2023January 1, 2023
Intangible assets with definite lives:  
Patents and trademarks — gross$44,637 44,012 
Less accumulated amortization(24,460)(22,266)
Patents and trademarks — net20,177 21,746 
Customer relationships and other intangibles — gross23,055 22,987 
Less accumulated amortization(13,516)(12,901)
Customer relationships and other intangibles — net(1)
9,539 10,086 
Intangible assets with indefinite lives:  
Trademarks6,834 6,807 
Purchased in-process research and development9,696 9,686 
Total intangible assets with indefinite lives16,530 16,493 
Total intangible assets — net$46,246 48,325 
(1)The majority is comprised of customer relationships
Goodwill
Goodwill as of July 2, 2023 was allocated by segment of business as follows:
(Dollars in Millions)Consumer HealthPharmaceuticalMedTechTotal
Goodwill at January 1, 2023
$9,184 10,184 25,863 45,231 
Goodwill, related to acquisitions— — — — 
Goodwill, related to divestitures— — — — 
Currency translation/Other(103)137 175 *209 
Goodwill at July 2, 2023
$9,081 10,321 26,038 45,440 
*Includes purchase price allocation adjustment for Abiomed
Intangible Asset Amortization Expense
The estimated amortization expense for approved products, before tax, for the five succeeding years is approximately:
(Dollars in Millions)
20232024202520262027
$4,8004,6003,8003,2002,600