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Intangible Assets and Goodwill (Tables)
3 Months Ended
Mar. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill
(Dollars in Millions)March 30, 2025December 29, 2024
Intangible assets with definite lives:  
Patents and trademarks — gross$45,59144,695
Less accumulated amortization(27,748)(26,124)
Patents and trademarks — net$17,84318,571
Customer relationships and other intangibles — gross20,49320,310
Less accumulated amortization(13,882)(13,544)
Customer relationships and other intangibles — net(1)
$6,6116,766
Intangible assets with indefinite lives:  
Purchased in-process research and development12,30112,281
Total intangible assets — net$36,75537,618
(1)The majority is comprised of customer relationships
Goodwill
Goodwill as of March 30, 2025 was allocated by segment of business as follows:
(Dollars in Millions)
Innovative
Medicine
MedTechTotal
Goodwill at December 29, 2024
$10,69233,50844,200
Goodwill, related to acquisitions
Goodwill, related to divestitures(29)(29)
Currency translation/Other21582297
Goodwill at March 30, 2025
$10,90733,56144,468
Intangible Asset Amortization Expense
The estimated amortization expense for approved products, before tax, for the five succeeding years is approximately:
(Dollars in Millions)
20252026202720282029
$4,0003,4002,8002,2002,200