Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in the Carrying Amount of 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, 2020	$	1,425	$	1,269	$	2,694
Adjustments	(1)		2		1
Other(a)	—		23		23
Balance, June 30, 2021	$	1,424	$	1,294	$	2,718

(a) Includes adjustments for foreign currency translation.

Components of Identifiable Intangible Assets

The components of identifiable intangible assets are as follows:

	As of June 30, 2021						As of December 31, 2020
					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	$	2,006	$	(896)	$	1,110	$	1,968	$	(809)	$	1,159
Brands and tradenames	428		(253)		175		427		(243)		184
Other	479		(323)		156		474		(306)		168
Total finite-lived intangible assets	2,913		(1,472)		1,441		2,869		(1,358)		1,511
Indefinite-lived intangible assets:
Brands and tradenames	104		—		104		104		—		104
In-process research and development	88		—		88		88		—		88
Product rights	7		—		7		7		—		7
Total indefinite-lived intangible assets	199		—		199		199		—		199
Identifiable intangible assets	$	3,112	$	(1,472)	$	1,640	$	3,068	$	(1,358)	$	1,710