GOODWILL AND OTHER INTANGIBLE ASSETS, NET

3 Months Ended

Mar. 31, 2023

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)	Americas		EMEA		APAC		Hillrom		Total
Balance as of December 31, 2022	$	2,356	$	289	$	210	$	3,988	$	6,843
Currency translation	18		2		2		3		25
Balance as of March 31, 2023	$	2,374	$	291	$	212	$	3,991	$	6,868

For the periods ended March 31, 2023 and 2022, there were no reductions in goodwill relating to impairment losses.

Other intangible assets, net

The following is a summary of our other intangible assets.

							Indefinite-lived intangible assets
(in millions)	Customer relationships		Developed technology, including patents		Other amortized intangible assets		Trade names		In process Research and Development		Total
March 31, 2023
Gross other intangible assets	$	3,454	$	3,862	$	326	$	1,571	$	202	$	9,415
Accumulated amortization	(529)		(2,000)		(246)		—		—		(2,775)
Other intangible assets, net	$	2,925	$	1,862	$	80	$	1,571	$	202	$	6,640
December 31, 2022
Gross other intangible assets	$	3,452	$	3,836	$	325	$	1,571	$	202	$	9,386
Accumulated amortization	(470)		(1,888)		(235)		—		—		(2,593)
Other intangible assets, net	$	2,982	$	1,948	$	90	$	1,571	$	202	$	6,793

Intangible asset amortization expense was $162 million and $217 million for the three months ended March 31, 2023 and 2022, respectively.