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Goodwill and Other Intangible Assets
6 Months Ended
Jul. 01, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets GOODWILL AND OTHER INTANGIBLE ASSETS
The following is a rollforward of the Company’s goodwill ($ in millions):
Balance, December 31, 2021$41,184 
Attributable to 2022 acquisitions44 
Adjustments due to finalization of purchase price allocations(15)
Foreign currency translation and other(1,937)
Balance, July 1, 2022$39,276 
The carrying value of goodwill by segment is summarized as follows ($ in millions):
July 1, 2022December 31, 2021
Life Sciences$30,003 $31,638 
Diagnostics6,843 7,044 
Environmental & Applied Solutions2,430 2,502 
Total$39,276 $41,184 
The Company has not identified any “triggering” events which indicate an impairment of goodwill in 2022.
The Company reviews identified intangible assets for impairment whenever events or changes in circumstances indicate that the related carrying amounts may not be recoverable. The Company identified impairment triggers during the second quarter of 2022 and the first quarter of 2021 which resulted in the impairment of certain long-lived assets, including technology and customer relationships in 2022 and a trade name in 2021. The Company recorded impairment charges totaling $9 million in the three and six-month periods ended July 1, 2022 and $10 million in the six-month period ended July 2, 2021 related to these long-lived assets.