Identifiable Intangible Assets

9 Months Ended

Oct. 03, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Identifiable Intangible Assets

Identifiable Intangible Assets

The following summarizes the components of Identifiable intangible assets:
	October 3, 2021						December 31, 2020
(MILLIONS)	Gross Carrying Amount		Accumulated Amortization		Identifiable Intangible Assets, less Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization		Identifiable Intangible Assets, less Accumulated Amortization
Finite-lived intangible assets
Developed technology rights(a)	$	74,144	$	(53,472)	$	20,673	$	73,545	$	(50,902)	$	22,643
Brands	922		(799)		123		922		(774)		148
Licensing agreements and other	2,284		(1,273)		1,011		2,292		(1,186)		1,106
	77,350		(55,544)		21,807		76,759		(52,862)		23,896
Indefinite-lived intangible assets
Brands	827				827		827				827
IPR&D	3,100				3,100		3,175				3,175
Licensing agreements and other	573				573		573				573
	4,500				4,500		4,575				4,575
Identifiable intangible assets(b)	$	81,850	$	(55,544)	$	26,306	$	81,334	$	(52,862)	$	28,471

(a)The increase in the gross carrying amount primarily reflects $500 million of capitalized Comirnaty sales milestones to BioNTech.

(b)The decrease is primarily due to amortization, partially offset by the capitalization of the Comirnaty milestones described above.

Amortization

Total amortization of finite-lived intangible assets was $993 million for the third quarter of 2021 and $873 million for the third quarter of 2020, and $2.8 billion for the first nine months of 2021 and $2.6 billion for the first nine months of 2020.