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Acquisitions, Dispositions, Goodwill and Intangible Assets | 9 Months Ended
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Sep. 30, 2022
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract] |
Acquisitions, Dispositions, Goodwill and Other Intangible Assets | Note 2: Acquisitions, Dispositions, Goodwill and Intangible Assets Acquisitions. During the nine months ended September 30, 2022 and 2021, our investment in business acquisitions were $66 million and $6 million, respectively, and consisted of immaterial acquisitions. Dispositions. During the nine months ended September 30, 2022 and 2021, cash inflows related to dispositions were $94 million and $1.1 billion, respectively. Our dispositions of businesses in the nine months ended September 30, 2022 consisted of immaterial dispositions. Dispositions of businesses in the nine months ended September 30, 2021 reflect the January 8, 2021 sale of our Forcepoint business, for proceeds of $1.1 billion, net of cash transferred. We did not recognize a pre-tax gain or loss within the Condensed Consolidated Statement of Operations related to the sale of Forcepoint. Goodwill. Changes in our goodwill balances for the nine months ended September 30, 2022 were as follows:
(dollars in millions) | Balance as of January 1, 2022 |  | Acquisitions and Divestitures |  |  |  | Foreign Currency Translation and Other |  | Balance as of September 30, 2022
Collins Aerospace Systems | $ | 31,384 |  |  | $ | (36) |  |  |  |  | $ | (1,293) |  |  | $ | 30,055 |
Pratt & Whitney | 1,563 |  |  | — |  |  |  |  | — |  |  | 1,563 |
Raytheon Intelligence & Space | 9,813 |  |  | 26 |  |  |  |  | (2) |  |  | 9,837 |
Raytheon Missiles & Defense | 11,659 |  |  | 41 |  |  |  |  | (4) |  |  | 11,696 |
Total Segments | 54,419 |  |  | 31 |  |  |  |  | (1,299) |  |  | 53,151 |
Eliminations and other | 17 |  |  | — |  |  |  |  | — |  |  | 17 |
Total | $ | 54,436 |  |  | $ | 31 |  |  |  |  | $ | (1,299) |  |  | $ | 53,168 |
Intangible Assets. Identifiable intangible assets are comprised of the following:
| September 30, 2022 |  | December 31, 2021
(dollars in millions) | Gross Amount |  | Accumulated Amortization |  | Gross Amount |  | Accumulated Amortization
Amortized: |  |  |  |  |  |  |
Collaboration assets | $ | 5,480 |  |  | $ | (1,335) |  |  | $ | 5,319 |  |  | $ | (1,173) |
Exclusivity assets | 2,807 |  |  | (320) |  |  | 2,673 |  |  | (318) |
Developed technology and other | 1,186 |  |  | (510) |  |  | 1,214 |  |  | (466) |
Customer relationships | 29,649 |  |  | (8,510) |  |  | 29,982 |  |  | (7,411) |
| 39,122 |  |  | (10,675) |  |  | 39,188 |  |  | (9,368) |
Unamortized: |  |  |  |  |  |  |
Trademarks and other | 8,599 |  |  | — |  |  | 8,696 |  |  | — |
Total | $ | 47,721 |  |  | $ | (10,675) |  |  | $ | 47,884 |  |  | $ | (9,368) |
Amortization of intangible assets for the quarters and nine months ended September 30, 2022 and 2021 were $497 million and $1,451 million and $622 million and $1,820 million, respectively. The following is the expected amortization of intangible assets for the remainder of 2022 through 2027:
(dollars in millions) |  | Remaining 2022 |  | 2023 |  | 2024 |  | 2025 |  | 2026 |  | 2027
Amortization expense |  | $ | 487 |  |  | $ | 2,084 |  |  | $ | 2,206 |  |  | $ | 2,090 |  |  | $ | 2,007 |  |  | $ | 1,868 |

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- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI https://asc.fasb.org/topic&trid=2303972 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 5 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4946-128472 + Details
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