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Goodwill and other intangible assets (Tables)
3 Months Ended
Mar. 31, 2022
Goodwill And Intangible Assets Disclosure [Abstract]  
Reconciliation of the change in goodwill

Reconciliations of the changes in the carrying value of goodwill for the first quarter of 2022 and for the year ended December 31, 2021 follow (in millions).

 

 

 

March 31,

2022

 

 

December 31,

2021

 

Balance at beginning of year

 

$

73,875

 

 

$

73,734

 

Business acquisitions

 

 

5

 

 

 

353

 

Other, including foreign currency translation

 

 

(58

)

 

 

(212

)

Balance at end of period*

 

$

73,822

 

 

$

73,875

 

 

*

Net of accumulated goodwill impairments of $11.0 billion as of March 31, 2022 and December 31, 2021.

Schedule of intangible assets

The gross carrying amounts and related accumulated amortization of other intangible assets are summarized as follows (in millions).

 

 

 

March 31, 2022

 

 

December 31, 2021

 

 

 

Gross

carrying

amount

 

 

Accumulated

amortization

 

 

Net

carrying

value

 

 

Gross

carrying

amount

 

 

Accumulated

amortization

 

 

Net

carrying

value

 

Insurance and other:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

27,323

 

 

$

6,616

 

 

$

20,707

 

 

$

27,335

 

 

$

6,450

 

 

$

20,885

 

Trademarks and trade names

 

 

5,171

 

 

 

807

 

 

 

4,364

 

 

 

5,176

 

 

 

802

 

 

 

4,374

 

Patents and technology

 

 

4,818

 

 

 

3,547

 

 

 

1,271

 

 

 

4,763

 

 

 

3,484

 

 

 

1,279

 

Other

 

 

3,326

 

 

 

1,457

 

 

 

1,869

 

 

 

3,390

 

 

 

1,442

 

 

 

1,948

 

 

 

$

40,638

 

 

$

12,427

 

 

$

28,211

 

 

$

40,664

 

 

$

12,178

 

 

$

28,486

 

Railroad, utilities and energy:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

678

 

 

$

404

 

 

$

274

 

 

$

678

 

 

$

396

 

 

$

282

 

Trademarks, trade names and other

 

 

1,015

 

 

 

157

 

 

 

858

 

 

 

1,015

 

 

 

146

 

 

 

869

 

 

 

$

1,693

 

 

$

561

 

 

$

1,132

 

 

$

1,693

 

 

$

542

 

 

$

1,151