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Intangible Assets and Goodwill
 3 Months Ended
Mar. 29, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill INTANGIBLE ASSETS AND GOODWILL

Intangible assets that have finite useful lives are amortized over their estimated useful lives. The latest annual impairment assessment of goodwill and indefinite lived intangible assets was completed in the fiscal fourth quarter of 2019. Future impairment tests for goodwill and indefinite lived intangible assets will be performed annually in the fiscal fourth quarter, or sooner, if warranted.
(Dollars in Millions)
 
March 29, 2020
 
December 29, 2019
Intangible assets with definite lives:
 
 
 
 
Patents and trademarks — gross
 
$
36,214

 
36,634

Less accumulated amortization
 
13,857

 
13,154

Patents and trademarks — net
 
22,357

 
23,480

Customer relationships and other intangibles — gross
 
22,084

 
22,056

Less accumulated amortization
 
9,728

 
9,462

Customer relationships and other intangibles — net*
 
12,356

 
12,594

Intangible assets with indefinite lives:
 
 
 
 
Trademarks
 
6,829

 
6,922

Purchased in-process research and development (1)
 
5,796

 
4,647

Total intangible assets with indefinite lives
 
12,625

 
11,569

Total intangible assets — net
 
$
47,338

 
47,643


*The majority is comprised of customer relationships
(1) In the fiscal first quarter of 2020, the Company completed the acquisition of bermekimab and certain related assets from XBiotech Inc. as well as the acquisition of all outstanding shares in Verb Surgical Inc. and recorded in-process research and development intangible assets of $0.8 billion and $0.4 billion, respectively.

Goodwill as of March 29, 2020 was allocated by segment of business as follows:
(Dollars in Millions)
 
Consumer Health
 
Pharmaceutical
 
Medical Devices
 
Total
Goodwill at December 29, 2019
 
$
9,736

 
9,169

 
14,734

 
33,639

Goodwill, related to acquisitions
 
—

 
1

 
156

 
157

Currency translation/Other
 
(223
)
 
(96
)
 
(6
)
 
(325
)
Goodwill at March 29, 2020
 
$
9,513

 
9,074

 
14,884

 
33,471



The weighted average amortization period for patents and trademarks is 12 years. The weighted average amortization period for customer relationships and other intangible assets is 21 years. The amortization expense of amortizable intangible assets included in cost of products sold was $1.1 billion for each of the fiscal first quarters ended March 29, 2020 and March 31, 2019. Intangible asset write-downs are included in Other (income) expense, net.

The estimated amortization expense for approved products, before tax, for the five succeeding years is approximately:
(Dollars in Millions)
 
 
 
 
 
 
2020
 
2021
 
2022
 
2023
 
2024
$4,500
 
4,300
 
4,100
 
4,100
 
4,000


See Note 10 to the Consolidated Financial Statements for additional details related to acquisitions and divestitures.