Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

The following is a summary of the activity in the goodwill balance for the six months ended June 30, 2022 (in millions):

Goodwill balance at December 31, 2021	$	21,123
Acquisitions	31
Foreign currency translation	(46)
Other activity, net	(2)
Goodwill balance at June 30, 2022	$	21,106

The following is a summary of the activity in the other intangible assets balance for the six months ended June 30, 2022 (in millions):

Other intangible assets balance at December 31, 2021	$	13,736
Acquisitions	7
Foreign currency translation	(43)
Amortization of other intangible assets	(306)
Other activity, net	3
Other intangible assets balance at June 30, 2022	$	13,397

Foreign currency translation adjustments result from a portion of our goodwill and other intangible assets being held at our U.K., EU and Canadian subsidiaries, whose functional currencies are not the U.S. dollar. The changes in other activity, net, in the table above primarily relate to adjustments to the fair value of the net tangible and intangible assets made within one year of acquisitions, with a corresponding adjustment to goodwill. We have performed an analysis of impairment indicators and did not recognize any impairment losses on goodwill or other intangible assets during the six months or three months ended June 30, 2022.