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Acquisitions, Dispositions, Goodwill and Intangible Assets | 3 Months Ended
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Mar. 31, 2023
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 Goodwill. Changes in our goodwill balances for the quarter ended March 31, 2023 were as follows:
(dollars in millions) | Balance as of December 31, 2022 |  | Acquisitions and Divestitures |  |  |  | Foreign Currency Translation and Other |  | Balance as of March 31, 2023
Collins Aerospace | $ | 30,719 |  |  | $ | — |  |  |  |  | $ | 65 |  |  | $ | 30,784 |
Pratt & Whitney | 1,563 |  |  | — |  |  |  |  | — |  |  | 1,563 |
Raytheon Intelligence & Space | 9,841 |  |  | — |  |  |  |  | — |  |  | 9,841 |
Raytheon Missiles & Defense | 11,700 |  |  | — |  |  |  |  | (1) |  |  | 11,699 |
Total Segments | 53,823 |  |  | — |  |  |  |  | 64 |  |  | 53,887 |
Eliminations and other | 17 |  |  | — |  |  |  |  | — |  |  | 17 |
Total | $ | 53,840 |  |  | $ | — |  |  |  |  | $ | 64 |  |  | $ | 53,904 |
Intangible Assets. Identifiable intangible assets are comprised of the following:
| March 31, 2023 |  | December 31, 2022
(dollars in millions) | Gross Amount |  | Accumulated Amortization |  | Gross Amount |  | Accumulated Amortization
Amortized: |  |  |  |  |  |  |
Collaboration assets | $ | 5,595 |  |  | $ | (1,470) |  |  | $ | 5,536 |  |  | $ | (1,408) |
Exclusivity assets | 3,002 |  |  | (325) |  |  | 2,911 |  |  | (323) |
Developed technology and other | 1,204 |  |  | (567) |  |  | 1,202 |  |  | (544) |
Customer relationships | 29,788 |  |  | (9,394) |  |  | 29,775 |  |  | (8,967) |
| 39,589 |  |  | (11,756) |  |  | 39,424 |  |  | (11,242) |
Indefinite-lived: |  |  |  |  |  |  |
Trademarks and other | 8,644 |  |  | — |  |  | 8,641 |  |  | — |
Total | $ | 48,233 |  |  | $ | (11,756) |  |  | $ | 48,065 |  |  | $ | (11,242) |
Amortization of intangible assets for the quarters ended March 31, 2023 and 2022 was $509 million and $487 million, respectively. The following is the expected amortization of intangible assets for the remainder of 2023 through 2028:
(dollars in millions) |  | Remaining 2023 |  | 2024 |  | 2025 |  | 2026 |  | 2027 |  | 2028
Amortization expense |  | $ | 1,539 |  |  | $ | 2,183 |  |  | $ | 2,072 |  |  | $ | 1,986 |  |  | $ | 1,870 |  |  | $ | 1,765 |

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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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- References No definition available. + Details
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