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Goodwill and Other Intangible Assets | 3 Months Ended
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Mar. 28, 2025
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, 2024 | $ | 40,497 |
Adjustments due to finalization of purchase price allocations | 3 |
Foreign currency translation and other | 1,157 |
Balance, March 28, 2025 | $ | 41,657 |
The carrying value of goodwill by segment is summarized as follows ($ in millions):
| March 28, 2025 |  | December 31, 2024
Biotechnology | $ | 22,315 |  |  | $ | 21,437 |
Life Sciences | 12,505 |  |  | 12,305 |
Diagnostics | 6,837 |  |  | 6,755 |
Total | $ | 41,657 |  |  | $ | 40,497 |
The Company has not identified any “triggering” events which indicate an impairment of goodwill in 2025. The Company has not identified any impairment triggers that resulted in impairments of intangible assets in the first quarter of 2025. The Company will continue to review goodwill and other intangible assets for impairment when events or changes in circumstances, including evolving market conditions and regulatory environment, indicate related carrying amounts may not be recoverable. During the three-month period ended March 28, 2025, the Company recorded a $15 million impairment related to a facility in the Biotechnology segment.

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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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