XML 59 R36.htm IDEA: XBRL DOCUMENT v3.22.0.1
Intangible Assets and Goodwill (Tables)
12 Months Ended
Jan. 02, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets and Goodwill
At the end of fiscal years 2021 and 2020, the gross and net amounts of intangible assets were:
(Dollars in Millions)20212020
Intangible assets with definite lives:  
Patents and trademarks — gross$38,572 39,990 
Less accumulated amortization(20,088)(17,618)
Patents and trademarks — net$18,484 22,372 
Customer relationships and other intangibles — gross$23,011 22,898 
Less accumulated amortization(11,925)(10,912)
Customer relationships and other intangibles — net(1)
$11,086 11,986 
Intangible assets with indefinite lives:  
Trademarks$6,985 7,195 
Purchased in-process research and development(2)
9,837 11,849 
Total intangible assets with indefinite lives$16,822 19,044 
Total intangible assets — net$46,392 53,402 
(1)The majority is comprised of customer relationships
(2)In fiscal 2021, the Company recorded a partial IPR&D impairment charge of $0.9 billion primarily related to expected development delays in the general surgery digital robotics platform (Ottava) acquired with the Auris Health acquisition in 2019. The impairment charge was calculated based on revisions to the discounted cash flow valuation model reflecting a delay of first in human procedures of approximately two years from the initial acquisition model assumption of the second half of 2022. The remaining reduction was driven by assets that reached commercialization and are now classified as having definite lives.
Goodwill Goodwill as of January 2, 2022 and January 3, 2021, as allocated by segment of business, was as follows:
(Dollars in Millions)Consumer HealthPharmaceuticalMedical DevicesTotal
Goodwill at December 29, 2019$9,736 9,169 14,734 33,639 
Goodwill, related to acquisitions— 1,222 238 1,460 
Currency translation/other600 618 76 1,294 
Goodwill at January 3, 2021$10,336 11,009 15,048 36,393 
Goodwill, related to acquisitions— — — — 
Goodwill, related to divestitures(9)— — (9)
Currency translation/other(517)(429)(192)(1,138)
Goodwill at January 2, 2022$9,810 10,580 14,856 35,246 
Intangible Asset Amortization Expense The estimated amortization expense for approved products, before tax, for the five succeeding years is approximately:
(Dollars in Millions)
20222023202420252026
$4,6004,6004,4003,6003,000