Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Goodwill

The gross carrying amount of goodwill and other intangible assets and the related accumulated amortization for intangible assets subject to amortization and accumulated goodwill impairment charges are as follows:

	As of December 31, 2024				As of December 31, 2023
(in millions)	Gross Carrying Amount		Accumulated Amortization/ Write-offs		Gross Carrying Amount		Accumulated Amortization/ Write-offs
Technology-related	$	14,327	$	(8,605)	$	13,207	$	(8,101)
Patents	481		(381)		480		(387)
Other intangible assets	2,380		(1,612)		2,130		(1,500)
Amortizable intangible assets	$	17,188	$	(10,598)	$	15,817	$	(9,988)
Goodwill	$	26,989	$	(9,900)	$	24,287	$	(9,900)
IPR&D	94				54
Technology-related	—				120
Indefinite-lived intangible assets	$	94			$	174

Schedule of Goodwill

The following represents a roll forward of our goodwill balance by reportable segment:

(in millions)	MedSurg		Cardiovascular		Total
Balance as of December 31, 2022	$	4,237	$	8,684	$	12,920
Goodwill acquired	1,110		337		1,447
Impact of foreign currency fluctuations and other changes	—		20		20
Balance as of December 31, 2023	$	5,347	$	9,041	$	14,387
Goodwill acquired	2,172		615		2,787
Impact of foreign currency fluctuations and purchase price and other adjustments	(35)		(51)		(86)
Balance as of December 31, 2024	$	7,483	$	9,606	$	17,089

Schedule of Expected Amortization Expense

Estimated Amortization expense for each of the five succeeding fiscal years based upon our amortizable intangible asset portfolio, consisting of intangible assets acquired in a business combination or asset acquisition, as well as internally developed patents, as of December 31, 2024 is as follows:

Fiscal Year	(in millions)
2025	$	893
2026	874
2027	835
2028	787
2029	769