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Goodwill and Other Intangible Assets, net | 9 Months Ended
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Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets, net | Goodwill and Other Intangible Assets, net Goodwill and other intangible assets, net, were as follows:
| Goodwill |  | Other Intangible Assets, net
(in millions) | September 30, 2023 |  | December 31, 2022 |  | September 30, 2023 |  | December 31, 2022
Smokeable products segment | $ | 99 |  |  | $ | 99 |  |  | $ | 2,970 |  |  | $ | 2,989 |
Oral tobacco products segment | 5,078 |  |  | 5,078 |  |  | 9,073 |  |  | 9,097 |
Other | 1,614 |  |  | — |  |  | 1,684 |  |  | 298 |
Total | $ | 6,791 |  |  | $ | 5,177 |  |  | $ | 13,727 |  |  | $ | 12,384 |
Other intangible assets consisted of the following:
| September 30, 2023 |  | December 31, 2022
(in millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Indefinite-lived intangible assets | $ | 11,443 |  |  | $ | — |  |  | $ | 11,443 |  |  | $ | — |
Definite-lived intangible assets | 2,841 |  |  | 557 |  |  | 1,411 |  |  | 470 |
Total other intangible assets | $ | 14,284 |  |  | $ | 557 |  |  | $ | 12,854 |  |  | $ | 470 |
At September 30, 2023, substantially all of our indefinite-lived intangible assets consisted of our trademarks from our 2009 acquisition of UST ($8.8 billion) and 2007 acquisition of Middleton ($2.6 billion). Definite-lived intangible assets, consisting primarily of intellectual property (which includes developed technology), certain cigarette trademarks, e-vapor trademarks, customer relationships and supplier agreements are amortized over a weighted-average period of approximately 18 years. Pre-tax amortization expense for definite-lived intangible assets was $87 million and $54 million for the nine months ended September 30, 2023 and 2022, respectively, and $42 million and $19 million for the three months ended September 30, 2023 and 2022, respectively. We estimate our annualized amortization expense, which includes the impact of the NJOY Transaction, for each of the next five years to be approximately $170 million, assuming no additional transactions occur that require the amortization of intangible assets. In July 2023, we received the remaining payment of approximately $1.8 billion (including interest) from Philip Morris International Inc. (“PMI”) as part of the agreement with PMI to, among other things, transition and ultimately conclude our relationship with respect to the IQOS Tobacco Heating System (“IQOS System”) in the United States (“Remaining PMI Payment”). In 2022, we received $1.0 billion from PMI upon entering into the agreement. For the nine and three months ended September 30, 2023, we recorded disposition-related interest income for the Remaining PMI Payment of $54 million and $3 million, respectively, in our condensed consolidated statements of earnings. At September 30, 2023, our condensed consolidated balance sheet included a pre-tax $2.7 billion deferred gain, which we expect to recognize in earnings when we relinquish our rights to the IQOS System effective April 30, 2024. The changes in goodwill and net carrying amount of intangible assets were as follows:
| For the Nine Months Ended |  | For the Year Ended
| September 30, 2023 |  | December 31, 2022
(in millions) | Goodwill |  | Other Intangible Assets, net |  | Goodwill |  | Other Intangible Assets, net
Balance at January 1 | $ | 5,177 |  |  | $ | 12,384 |  |  | $ | 5,177 |  |  | $ | 12,306 |
Changes due to: |  |  |  |  |  |  |
Acquisitions (1) | 1,614 |  |  | 1,430 |  |  | — |  |  | 151 |
Amortization | — |  |  | (87) |  |  | — |  |  | (73) |
Balance at end of period | $ | 6,791 |  |  | $ | 13,727 |  |  | $ | 5,177 |  |  | $ | 12,384 |
(1) Substantially all of the 2023 amounts are attributable to the NJOY Transaction. For additional information regarding the NJOY Transaction, see Note 2. Acquisition of NJOY. 2022 amounts attributable to certain intellectual property for other tobacco products. We conduct a required annual review of goodwill and indefinite-lived intangibles for potential impairment, and more frequently if an event occurs or circumstances change that would require us to perform an interim review. There have been no events or changes in circumstances that indicate an interim impairment review was required as of September 30, 2023. We will perform our annual impairment testing during the fourth quarter of 2023.

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