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Intangible assets and goodwill (Tables)
12 Months Ended
Dec. 29, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets and Goodwill
At the end of fiscal years 2024 and 2023, the gross and net amounts of intangible assets were:
(Dollars in Millions)20242023
Intangible assets with definite lives:  
Patents and trademarks — gross(1)
$44,69540,417
Less accumulated amortization(26,124)(24,808)
Patents and trademarks — net$18,57115,609
Customer relationships and other intangibles — gross$20,31020,322
Less accumulated amortization(13,544)(12,685)
Customer relationships and other intangibles — net(2)
$6,7667,637
Intangible assets with indefinite lives:  
Trademarks(1)
— 1,714
Purchased in-process research and development12,2819,215
Total intangible assets with indefinite lives$12,28110,929
Total intangible assets — net$37,61834,175
(1)In September 2024, the Company announced changes to its MedTech brand identity and the $1.7 billion of trademarks associated with the DePuy Synthes business were reclassified from indefinite lived to definite lived and will be amortized over a 25 year period.
(2)The majority is comprised of customer relationships
Goodwill
Goodwill as of December 29, 2024 and December 31, 2023, as allocated by segment of business, was as follows:
(Dollars in Millions)Innovative
Medicine
MedTechTotal
Goodwill at January 1, 2023$10,18425,86336,047
Goodwill, related to acquisitions
Goodwill, related to divestitures
Currency translation/other223288*511
Goodwill at December 31, 202310,40726,15136,558
Goodwill, related to acquisitions6407,5698,209
Goodwill, related to divestitures(56)(56)
Currency translation/other(355)(156)(511)
Goodwill at December 29, 2024$10,69233,50844,200
*    Includes purchase price allocation adjustments for Abiomed
Intangible Asset Amortization Expense
The estimated amortization expense related to intangible assets for approved products, before tax, for the five succeeding years is approximately:
(Dollars in Millions)
20252026202720282029
$4,0003,4002,8002,2002,200