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Goodwill and other intangible assets | 6 Months Ended
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Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and other intangible assets | Goodwill and other intangible assets Goodwill The change in the carrying amount of goodwill was as follows (in millions):
| Six months ended June 30, 2022
Beginning balance | $ | 14,890 |
Adjustments to goodwill resulting from acquisitions and divestitures, net(1) | 7 |
Currency translation adjustment | (32) |
Ending balance | $ | 14,865 |
____________ (1) Composed of adjustments to goodwill resulting from changes to the acquisition date fair values of net assets acquired in the acquisition of Teneobio and the nonstrategic Gensenta divestiture. See Note 2, Acquisitions and divestitures. Other intangible assets Other intangible assets consisted of the following (in millions):
| June 30, 2022 |  | December 31, 2021
| Gross carrying amounts |  | Accumulated amortization |  | Other intangible assets, net |  | Gross carrying amounts |  | Accumulated amortization |  | Other intangible assets, net
Finite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |
Developed-product-technology rights | $ | 25,537 |  |  | $ | (13,863) |  |  | $ | 11,674 |  |  | $ | 25,561 |  |  | $ | (12,769) |  |  | $ | 12,792 |
Licensing rights | 3,864 |  |  | (3,050) |  |  | 814 |  |  | 3,807 |  |  | (2,973) |  |  | 834 |
Marketing-related rights | 1,326 |  |  | (1,125) |  |  | 201 |  |  | 1,354 |  |  | (1,112) |  |  | 242 |
Research and development technology rights | 1,371 |  |  | (1,153) |  |  | 218 |  |  | 1,377 |  |  | (1,133) |  |  | 244 |
Total finite-lived intangible assets | 32,098 |  |  | (19,191) |  |  | 12,907 |  |  | 32,099 |  |  | (17,987) |  |  | 14,112 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |
In-process research and development | 1,020 |  |  | — |  |  | 1,020 |  |  | 1,070 |  |  | — |  |  | 1,070 |
Total other intangible assets | $ | 33,118 |  |  | $ | (19,191) |  |  | $ | 13,927 |  |  | $ | 33,169 |  |  | $ | (17,987) |  |  | $ | 15,182 |
Developed-product-technology rights consists of rights related to marketed products. Licensing rights primarily consists of contractual rights to receive future milestone, royalty and profit-sharing payments; capitalized payments to third parties for milestones related to regulatory approvals to commercialize products; and upfront payments associated with royalty obligations for marketed products. Marketing-related rights primarily consists of rights related to the sale and distribution of marketed products. R&D technology rights pertains to technologies used in R&D that have alternative future uses. IPR&D consists of R&D projects acquired in a business combination that are not complete at the time of acquisition due to remaining technological risks and/or lack of receipt of required regulatory approvals. We review IPR&D projects for impairment annually, whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable and upon the establishment of technological feasibility or regulatory approval. During the three months ended June 30, 2022 and 2021, we recognized amortization associated with our finite-lived intangible assets of $629 million and $652 million, respectively. During the six months ended June 30, 2022 and 2021, we recognized amortization associated with our finite-lived intangible assets of $1.3 billion in both periods. Amortization of intangible assets is primarily included in Cost of sales in the Condensed Consolidated Statements of Income. The total estimated amortization for our finite-lived intangible assets for the remaining six months ending December 31, 2022, and the years ending December 31, 2023, 2024, 2025, 2026 and 2027, are $1.3 billion, $2.5 billion, $2.5 billion, $2.4 billion, $1.7 billion and $1.8 billion, respectively.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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