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Goodwill and Other Intangible Assets
 3 Months Ended
Mar. 29, 2024
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, 2023$41,608 
Adjustments due to finalization of purchase price allocations(14)
Foreign currency translation and other(748)
Balance, March 29, 2024$40,846 
The carrying value of goodwill by segment is summarized as follows ($ in millions):
March 29, 2024December 31, 2023
Biotechnology$21,892 $22,477 
Life Sciences12,111 12,221 
Diagnostics6,843 6,910 
Total$40,846 $41,608 
The Company has not identified any “triggering” events which indicate an impairment of goodwill in 2024.
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 has not identified impairment triggers which resulted in impairments of intangible assets in the first quarter of 2024.