XML 28 R13.htm IDEA: XBRL DOCUMENT v3.22.0.1
GOODWILL AND OTHER INTANGIBLE ASSETS, NET
12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS, NET
GOODWILL AND OTHER INTANGIBLE ASSETS, NET
Goodwill
The following is a reconciliation of goodwill by business segment.
(in millions)AmericasEMEAAPACHillromTotal
December 31, 2019$2,428 $385 $217 $— $3,030 
Additions26 — 34 
Acquisition accounting adjustments(45)(6)(2)— (53)
Currency translation165 26 15 — 206 
December 31, 2020$2,574 $406 $237 $— $3,217 
Reallocation of goodwill81 (81)— — — 
Additions— 6,785 6,790 
Currency translation(142)(17)(13)(171)
December 31, 2021$2,517 $309 $224 $6,786 $9,836 
As of December 31, 2021, there were no reductions in goodwill relating to impairment losses. 
As discussed in Note 17 - Segment Information, we made a change to our reportable segments in the first quarter of 2021. As a result of this change, we reallocated goodwill from our EMEA segment to the Americas segment using a relative fair value approach. In addition, we completed an assessment of any potential goodwill impairment for all reporting units immediately prior to and following the reallocation and determined that no impairment existed.
Other Intangible Assets, Net
The following is a summary of our other intangible assets.
(in millions)Developed technology,
including patents
Other amortized
intangible assets
Customer relationshipsIndefinite-lived
intangible assets
Total
December 31, 2021
Gross other intangible assets$3,801 $344 $3,437 $2,140 $9,722 
Accumulated amortization(1,556)(212)(162)— $(1,930)
Other intangible assets, net$2,245 $132 $3,275 $2,140 $7,792 
December 31, 2020
Gross other intangible assets$2,713 $269 $226 $169 $3,377 
Accumulated amortization(1,374)(193)(139)— $(1,706)
Other intangible assets, net$1,339 $76 $87 $169 $1,671 
Intangible asset amortization expense was $298 million in 2021, $222 million in 2020 and $183 million in 2019. The anticipated annual amortization expense for definite-lived intangible assets recorded as of December 31, 2021 is $718 million in 2022, $627 million in 2023, $605 million in 2024, $572 million in 2025 and $542 million in 2026.
In the second quarters of 2020 and 2019, we recognized impairment charges of $17 million and $31 million, respectively, related to developed-technology intangible assets due to declines in market expectations for the related products. The fair values of the intangible assets were measured using a discounted cash flow approach and the charges are classified within cost of sales in the accompanying consolidated statements of income for the years ended December 31, 2020 and 2019. We consider the fair values of the assets to be Level 3 measurements due to the significant estimates and assumptions we used in establishing the estimated fair values.