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Goodwill and Other Intangible Assets | 6 Months Ended
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Jun. 28, 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 |
Attributable to 2024 acquisition | 8 |
Adjustments due to finalization of purchase price allocations | (25) |
Foreign currency translation and other | (786) |
Balance, June 28, 2024 | $ | 40,805 |
The carrying value of goodwill by segment is summarized as follows ($ in millions):
| June 28, 2024 |  | December 31, 2023
Biotechnology | $ | 21,879 |  |  | $ | 22,477 |
Life Sciences | 12,090 |  |  | 12,221 |
Diagnostics | 6,836 |  |  | 6,910 |
Total | $ | 40,805 |  |  | $ | 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 second quarter of 2024. The Company identified impairment triggers in the second quarter of 2023 which resulted in impairment charges of certain long-lived assets, including technology and other assets. The Company recorded impairment charges totaling $28 million in the three and six-month periods ended June 30, 2023 related to these long-lived assets. In addition, during the three and six-month periods ended June 30, 2023, the Company recorded a $14 million impairment related to a facility.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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