Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in the Carrying Amount of Goodwill

The components of, and changes in, the carrying amount of goodwill follow:

(MILLIONS OF DOLLARS)	U.S.		International		Total
Balance, December 31, 2020	$	1,425	$	1,269	$	2,694
Adjustments	(1)		4		3
Other(b)	—		(15)		(15)
Balance, December 31, 2021	$	1,424	$	1,258	$	2,682
Additions(a)	61		44		105
Other(b)	—		(41)		(41)
Balance, December 31, 2022	$	1,485	$	1,261	$	2,746

(a)     For 2022, primarily relates to the acquisitions of Basepaws and Jurox. See Note 5. Acquisitions and Divestitures.

(b)     Includes adjustments for foreign currency translation.

Components of Identifiable Intangible Assets

The components of identifiable intangible assets follow:

	As of December 31, 2022						As of December 31, 2021
					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	$	1,918	$	(975)	$	943	$	1,933	$	(949)	$	984
Brands and tradenames	395		(237)		158		426		(260)		166
Other	337		(233)		104		473		(335)		138
Total finite-lived intangible assets	2,650		(1,445)		1,205		2,832		(1,544)		1,288
Indefinite-lived intangible assets:
Brands and tradenames	91		—		91		91		—		91
In-process research and development	77		—		77		88		—		88
Product rights	7		—		7		7		—		7
Total indefinite-lived intangible assets	175		—		175		186		—		186
Identifiable intangible assets	$	2,825	$	(1,445)	$	1,380	$	3,018	$	(1,544)	$	1,474

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The annual amortization expense expected for the years 2023 through 2027 is as follows:

(MILLIONS OF DOLLARS)	2023		2024		2025		2026		2027
Amortization expense	$	181	$	166	$	154	$	147	$	142

Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]

The components of identifiable intangible assets follow:

	As of December 31, 2022						As of December 31, 2021
					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	$	1,918	$	(975)	$	943	$	1,933	$	(949)	$	984
Brands and tradenames	395		(237)		158		426		(260)		166
Other	337		(233)		104		473		(335)		138
Total finite-lived intangible assets	2,650		(1,445)		1,205		2,832		(1,544)		1,288
Indefinite-lived intangible assets:
Brands and tradenames	91		—		91		91		—		91
In-process research and development	77		—		77		88		—		88
Product rights	7		—		7		7		—		7
Total indefinite-lived intangible assets	175		—		175		186		—		186
Identifiable intangible assets	$	2,825	$	(1,445)	$	1,380	$	3,018	$	(1,544)	$	1,474