Intangible Assets and Goodwill (Tables)

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Goodwill

(Dollars in Millions)	June 30, 2024	December 31, 2023
Intangible assets with definite lives:
Patents and trademarks — gross	$43,438	40,417
Less accumulated amortization	(24,835)	(24,808)
Patents and trademarks — net	18,603	15,609
Customer relationships and other intangibles — gross	20,176	20,322
Less accumulated amortization	(13,018)	(12,685)
Customer relationships and other intangibles — net(1)	7,158	7,637
Intangible assets with indefinite lives:
Trademarks	1,655	1,714
Purchased in-process research and development	12,309	9,215
Total intangible assets with indefinite lives	13,964	10,929
Total intangible assets — net	$39,725	34,175

(1)The majority is comprised of customer relationships

Goodwill

Goodwill as of June 30, 2024 was allocated by segment of business as follows:

(Dollars in Millions)	Innovative Medicine	MedTech	Total
Goodwill at December 31, 2023	$10,407	26,151	36,558
Goodwill, related to acquisitions	563	7,494	8,057
Goodwill, related to divestitures	—	(56)	(56)
Currency translation/Other	(202)	(107)	(309)
Goodwill at June 30, 2024	$10,768	33,482	44,250

Intangible Asset Amortization Expense

The estimated amortization expense for approved products, before tax, for the five succeeding years is approximately:

(Dollars in Millions)
2024	2025	2026	2027	2028
$4,500	3,900	3,300	2,700	2,000