Identifiable Intangible Assets (Tables)

6 Months Ended

Jul. 02, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets

The following summarizes the components of Identifiable intangible assets:
	July 2, 2023						December 31, 2022
(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)	$	86,030	$	(58,035)	$	27,994	$	85,604	$	(56,307)	$	29,297
Brands	922		(861)		61		922		(844)		78
Licensing agreements and other	2,425		(1,469)		956		2,237		(1,397)		841
	89,376		(60,366)		29,011		88,763		(58,548)		30,215
Indefinite-lived intangible assets
Brands	827				827		827				827
IPR&D(b)	10,803				10,803		11,357				11,357
Licensing agreements and other	765				765		971				971
	12,395				12,395		13,155				13,155
Identifiable intangible assets(c)	$	101,771	$	(60,366)	$	41,406	$	101,919	$	(58,548)	$	43,370

(a)The increase in the gross carrying amount includes, among other things, $495 million of capitalized milestones and the transfer of $450 million from IPR&D to developed technology rights as a result of the approval in the U.S. for Zavzpret nasal spray, and a $90 million capitalized milestone as a result of the approval of Ngenla in the U.S. (all in the second quarter of 2023).

(b)The decrease in the gross carrying amount mainly reflects the transfer from IPR&D to developed technology rights as a result of the approval in the U.S. of Zavzpret nasal spray.

(c)The decrease is primarily due to amortization expense of $2.3 billion and impairments of $248 million (see Note 4), partially offset by additions of $681 million mostly related to milestone payments for the approvals in the U.S. for Zavzpret nasal spray and Ngenla.

Schedule of Indefinite Lived Intangible Assets

The following summarizes the components of Identifiable intangible assets:
	July 2, 2023						December 31, 2022
(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)	$	86,030	$	(58,035)	$	27,994	$	85,604	$	(56,307)	$	29,297
Brands	922		(861)		61		922		(844)		78
Licensing agreements and other	2,425		(1,469)		956		2,237		(1,397)		841
	89,376		(60,366)		29,011		88,763		(58,548)		30,215
Indefinite-lived intangible assets
Brands	827				827		827				827
IPR&D(b)	10,803				10,803		11,357				11,357
Licensing agreements and other	765				765		971				971
	12,395				12,395		13,155				13,155
Identifiable intangible assets(c)	$	101,771	$	(60,366)	$	41,406	$	101,919	$	(58,548)	$	43,370

(a)The increase in the gross carrying amount includes, among other things, $495 million of capitalized milestones and the transfer of $450 million from IPR&D to developed technology rights as a result of the approval in the U.S. for Zavzpret nasal spray, and a $90 million capitalized milestone as a result of the approval of Ngenla in the U.S. (all in the second quarter of 2023).

(b)The decrease in the gross carrying amount mainly reflects the transfer from IPR&D to developed technology rights as a result of the approval in the U.S. of Zavzpret nasal spray.

(c)The decrease is primarily due to amortization expense of $2.3 billion and impairments of $248 million (see Note 4), partially offset by additions of $681 million mostly related to milestone payments for the approvals in the U.S. for Zavzpret nasal spray and Ngenla.