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Goodwill and Other Intangible Assets | 3 Months Ended
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Mar. 29, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | GOODWILL AND OTHER INTANGIBLE ASSETS The following is a rollforward of the Company’s goodwill ($ in millions):
Balance, December 31, 2023 | $ | 41,608 |
Adjustments due to finalization of purchase price allocations | (14) |
Foreign currency translation and other | (748) |
Balance, March 29, 2024 | $ | 40,846 |
The carrying value of goodwill by segment is summarized as follows ($ in millions):
| March 29, 2024 |  | December 31, 2023
Biotechnology | $ | 21,892 |  |  | $ | 22,477 |
Life Sciences | 12,111 |  |  | 12,221 |
Diagnostics | 6,843 |  |  | 6,910 |
Total | $ | 40,846 |  |  | $ | 41,608 |
The Company has not identified any “triggering” events which indicate an impairment of goodwill in 2024. The Company reviews identified intangible assets for impairment whenever events or changes in circumstances indicate that the related carrying amounts may not be recoverable. The Company has not identified impairment triggers which resulted in impairments of intangible assets in the first quarter of 2024.

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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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