XML 28 R11.htm IDEA: XBRL DOCUMENT
v3.23.1

Goodwill and Other Intangible Assets | 3 Months Ended
--- | ---
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS | NOTE C – GOODWILL AND OTHER INTANGIBLE ASSETS The gross carrying amount of goodwill and other intangible assets and the related accumulated amortization for intangible assets subject to amortization and accumulated goodwill impairment charges are as follows:
| As of March 31, 2023 |  | As of December 31, 2022
(in millions) | Gross Carrying Amount |  | Accumulated Amortization/ Write-offs |  | Gross Carrying Amount |  | Accumulated Amortization/ Write-offs
Technology-related | $ | 12,707 |  |  | $ | (7,553) |  |  | $ | 12,397 |  |  | $ | (7,378) |
Patents | 473 |  |  | (381) |  |  | 486 |  |  | (394) |
Other intangible assets | 2,005 |  |  | (1,422) |  |  | 1,960 |  |  | (1,400) |
Amortizable intangible assets | $ | 15,185 |  |  | $ | (9,357) |  |  | $ | 14,843 |  |  | $ | (9,173) |
Goodwill | $ | 23,169 |  |  | $ | (9,900) |  |  | $ | 22,820 |  |  | $ | (9,900) |
IPR&D | $ | 112 |  |  |  |  | $ | 112 |  |  |
Technology-related | 120 |  |  |  |  | 120 |  |  |
Indefinite-lived intangible assets | $ | 232 |  |  |  |  | $ | 232 |  |  |
The increase in our balance of goodwill and amortizable intangible assets is related primarily to our acquisition of a majority stake investment in Acotec completed in the first quarter of 2023. The following represents a roll-forward of our goodwill balance by global reportable segment:
(in millions) | MedSurg |  | Cardiovascular |  |  |  | Total
As of December 31, 2022 | $ | 4,237 |  |  | $ | 8,684 |  |  |  |  | $ | 12,920 |
Goodwill acquired | — |  |  | 336 |  |  |  |  | 336 |
Impact of foreign currency fluctuations and purchase price adjustments | — |  |  | 13 |  |  |  |  | 13 |
As of March 31, 2023 | $ | 4,237 |  |  | $ | 9,032 |  |  |  |  | $ | 13,269 |
Goodwill and Intangible Asset Impairments We did not record any goodwill impairment charges in the first quarters 2023 or 2022. Refer to Note A – Significant Accounting Policies to our audited financial statements contained in Item 8 of our most recent Annual Report on Form 10-K for further discussion of our annual goodwill and intangible asset impairment testing.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration