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Goodwill and other intangible assets | 3 Months Ended
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Mar. 31, 2024
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):
| Three months ended March 31, 2024
Beginning balance | $ | 18,629 |
Adjustments to goodwill resulting from acquisitions (1) | (49) |
Currency translation adjustment | (10) |
Ending balance | $ | 18,570 |
____________ (1) For the three months ended March 31, 2024, adjustments to goodwill consisted of a measurement period adjustment related to our Horizon acquisition. See Note 2, Acquisitions. Other intangible assets Other intangible assets consisted of the following (in millions):
| March 31, 2024 |  | December 31, 2023
| 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 | $ | 48,625 |  |  | $ | (19,184) |  |  | $ | 29,441 |  |  | $ | 48,631 |  |  | $ | (18,049) |  |  | $ | 30,582 |
Licensing rights | 3,864 |  |  | (3,297) |  |  | 567 |  |  | 3,865 |  |  | (3,265) |  |  | 600 |
Marketing-related rights | 1,203 |  |  | (1,148) |  |  | 55 |  |  | 1,339 |  |  | (1,264) |  |  | 75 |
Research and development technology rights | 1,388 |  |  | (1,229) |  |  | 159 |  |  | 1,394 |  |  | (1,228) |  |  | 166 |
Total finite-lived intangible assets | 55,080 |  |  | (24,858) |  |  | 30,222 |  |  | 55,229 |  |  | (23,806) |  |  | 31,423 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |
In-process research and development | 1,150 |  |  | — |  |  | 1,150 |  |  | 1,218 |  |  | — |  |  | 1,218 |
Total other intangible assets | $ | 56,230 |  |  | $ | (24,858) |  |  | $ | 31,372 |  |  | $ | 56,447 |  |  | $ | (23,806) |  |  | $ | 32,641 |
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 March 31, 2024 and 2023, we recognized amortization associated with our finite-lived intangible assets of $1.2 billion and $693 million, respectively. Amortization of intangible assets is primarily included in Cost of sales in the Condensed Consolidated Statements of (Loss) Income. As of March 31, 2024, the total estimated amortization of our finite-lived intangible assets for the remaining nine months ending December 31, 2024, and the years ending December 31, 2025, 2026, 2027, 2028 and 2029, are $3.6 billion, $4.5 billion, $3.9 billion, $3.9 billion, $2.9 billion and $2.2 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 -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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