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Goodwill and Other Intangible Assets | 6 Months Ended
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Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | 11. Goodwill and Other Intangible Assets A. Goodwill The components of, and changes in, the carrying amount of goodwill are as follows:
(MILLIONS OF DOLLARS) |  | U.S. |  | International |  | Total
Balance, December 31, 2024 |  | $ | 1,515 |  |  | $ | 1,209 |  |  | $ | 2,724 |
Other(a) |  | — |  |  | 34 |  |  | 34 |
Balance, June 30, 2025 |  | $ | 1,515 |  |  | $ | 1,243 |  |  | $ | 2,758 |
(a) Includes adjustments for foreign currency translation. The gross goodwill balance was $3,294 million and $3,260 million as of June 30, 2025 and December 31, 2024, respectively. Accumulated goodwill impairment losses were $536 million as of June 30, 2025 and December 31, 2024. B. Other Intangible Assets The components of identifiable intangible assets are as follows:
|  | As of June 30, 2025 |  | As of December 31, 2024
|  |  |  |  |  | Identifiable |  |  |  |  |  | Identifiable
|  | Gross |  |  |  | Intangible Assets |  | Gross |  |  |  | Intangible Assets
|  | Carrying |  | Accumulated |  | Less Accumulated |  | Carrying |  | Accumulated |  | Less Accumulated
(MILLIONS OF DOLLARS) |  | Amount |  | Amortization |  | Amortization |  | Amount |  | Amortization |  | Amortization
Finite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Developed technology rights |  | $ | 1,926 |  |  | $ | (1,270) |  |  | $ | 656 |  |  | $ | 1,891 |  |  | $ | (1,175) |  |  | $ | 716 |
Brands and tradenames |  | 362 |  |  | (246) |  |  | 116 |  |  | 367 |  |  | (246) |  |  | 121 |
Other |  | 290 |  |  | (204) |  |  | 86 |  |  | 278 |  |  | (197) |  |  | 81 |
Total finite-lived intangible assets |  | 2,578 |  |  | (1,720) |  |  | 858 |  |  | 2,536 |  |  | (1,618) |  |  | 918 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Brands and tradenames |  | 67 |  |  | — |  |  | 67 |  |  | 66 |  |  | — |  |  | 66 |
In-process research and development |  | 144 |  |  | — |  |  | 144 |  |  | 136 |  |  | — |  |  | 136 |
Product rights |  | 6 |  |  | — |  |  | 6 |  |  | 7 |  |  | — |  |  | 7 |
Total indefinite-lived intangible assets |  | 217 |  |  | — |  |  | 217 |  |  | 209 |  |  | — |  |  | 209 |
Identifiable intangible assets |  | $ | 2,795 |  |  | $ | (1,720) |  |  | $ | 1,075 |  |  | $ | 2,745 |  |  | $ | (1,618) |  |  | $ | 1,127 |
C. Amortization Amortization expense related to finite-lived acquired intangible assets that contribute to our ability to sell, manufacture, research, market and distribute products, compounds and intellectual property is included in Amortization of intangible assets as it benefits multiple business functions. Amortization expense related to finite-lived acquired intangible assets that are associated with a single function is included in Cost of sales, Selling, general and administrative expenses or Research and development expenses, as appropriate. Total amortization expense for finite-lived intangible assets was $41 million and $80 million three and six months ended June 30, 2025, respectively and $42 million and $86 million for the three and six months ended June 30, 2024, respectively.

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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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