XML 55 R45.htm IDEA: XBRL DOCUMENT
v3.22.2.2

GOODWILL AND INTANGIBLE ASSETS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Reconciliation of Changes in the Company's Goodwill | A reconciliation of changes in the Company’s goodwill by reportable segment were as follows:
(in millions) |  | Technologies & Equipment |  | Consumables |  | Total
Balance at December 31, 2019 |  |  |  |  |  |
Goodwill |  | $ | 5,253 |  |  | $ | 881 |  |  | $ | 6,134 |
Accumulated impairment losses |  | (2,737) |  |  | — |  |  | (2,737) |
Goodwill, net |  | $ | 2,516 |  |  | $ | 881 |  |  | $ | 3,397 |
Acquisition related additions (a) |  | 631 |  |  | — |  |  | 631
Impairment |  | (157) |  |  | — |  |  | (157) |
Translation and other |  | 102 |  |  | 13 |  |  | 115 |
Balance at December 31, 2020 |  |  |  |  |  |
Goodwill |  | $ | 5,985 |  |  | $ | 894 |  |  | $ | 6,879 |
Accumulated impairment losses |  | (2,893) |  |  | — |  |  | (2,893) |
Goodwill, net |  | $ | 3,092 |  |  | $ | 894 |  |  | $ | 3,986 |
Acquisition related additions (a) |  | 109 |  |  | — |  |  | 109 |
Translation and other |  | (105) |  |  | (14) |  |  | (119) |
Balance at December 31, 2021 |  |  |  |  |  |
Goodwill |  | $ | 5,989 |  |  | $ | 880 |  |  | $ | 6,869 |
Accumulated impairment losses |  | (2,893) |  |  | — |  |  | (2,893) |
Goodwill, net |  | $ | 3,096 |  |  | $ | 880 |  |  | $ | 3,976 |
(a) Refer to Note 6, Business Combinations, for more information regarding recent acquisitions.
Schedule of Identifiable Definite-Lived Intangible Assets | Identifiable definite-lived and indefinite-lived intangible assets at were as follows:
|  | Year Ended December 31,
|  | 2021 |  | 2020
(in millions) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Developed technology and patents |  | $ | 1,729 |  |  | $ | (762) |  |  | $ | 967 |  |  | $ | 1,681 |  |  | $ | (677) |  |  | $ | 1,004 |
Tradenames and trademarks |  | 269 |  |  | (79) |  |  | 190 |  |  | 273 |  |  | (70) |  |  | 203 |
Licensing agreements |  | 36 |  |  | (32) |  |  | 4 |  |  | 37 |  |  | (30) |  |  | 7 |
Customer relationships |  | 1,091 |  |  | (545) |  |  | 546 |  |  | 1,142 |  |  | (494) |  |  | 648 |
Total definite-lived |  | $ | 3,125 |  |  | $ | (1,418) |  |  | $ | 1,707 |  |  | $ | 3,133 |  |  | $ | (1,271) |  |  | $ | 1,862 |
Indefinite-lived tradenames and trademarks |  | 598 |  |  | — |  |  | 598 |  |  | 642 |  |  | — |  |  | 642 |
In-process R&D (a) |  | 14 |  |  | — |  |  | 14 |  |  | — |  |  | — |  |  | — |
Total indefinite-lived |  | 612 |  |  | — |  |  | 612 |  |  | 642 |  |  | — |  |  | 642 |
Total identifiable intangible assets |  | $ | 3,737 |  |  | $ | (1,418) |  |  | $ | 2,319 |  |  | $ | 3,775 |  |  | $ | (1,271) |  |  | $ | 2,504 |
(a) Intangible assets acquired in a business combination that are in-process and used in research and development (“R&D”) activities are considered indefinite-lived until the completion or abandonment of the R&D efforts. The useful life and amortization of those assets will be determined once the R&D efforts are completed.
Schedule of Indefinite-Lived Intangible Assets | Identifiable definite-lived and indefinite-lived intangible assets at were as follows:
|  | Year Ended December 31,
|  | 2021 |  | 2020
(in millions) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Developed technology and patents |  | $ | 1,729 |  |  | $ | (762) |  |  | $ | 967 |  |  | $ | 1,681 |  |  | $ | (677) |  |  | $ | 1,004 |
Tradenames and trademarks |  | 269 |  |  | (79) |  |  | 190 |  |  | 273 |  |  | (70) |  |  | 203 |
Licensing agreements |  | 36 |  |  | (32) |  |  | 4 |  |  | 37 |  |  | (30) |  |  | 7 |
Customer relationships |  | 1,091 |  |  | (545) |  |  | 546 |  |  | 1,142 |  |  | (494) |  |  | 648 |
Total definite-lived |  | $ | 3,125 |  |  | $ | (1,418) |  |  | $ | 1,707 |  |  | $ | 3,133 |  |  | $ | (1,271) |  |  | $ | 1,862 |
Indefinite-lived tradenames and trademarks |  | 598 |  |  | — |  |  | 598 |  |  | 642 |  |  | — |  |  | 642 |
In-process R&D (a) |  | 14 |  |  | — |  |  | 14 |  |  | — |  |  | — |  |  | — |
Total indefinite-lived |  | 612 |  |  | — |  |  | 612 |  |  | 642 |  |  | — |  |  | 642 |
Total identifiable intangible assets |  | $ | 3,737 |  |  | $ | (1,418) |  |  | $ | 2,319 |  |  | $ | 3,775 |  |  | $ | (1,271) |  |  | $ | 2,504 |
(a) Intangible assets acquired in a business combination that are in-process and used in research and development (“R&D”) activities are considered indefinite-lived until the completion or abandonment of the R&D efforts. The useful life and amortization of those assets will be determined once the R&D efforts are completed.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance and exist in perpetuity, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -Subparagraph (b),(d) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16373-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleOfIndefiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration