GOODWILL AND OTHER INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill

The changes in the carrying amounts in Goodwill were as follows:

Dollars in millions
Balance at December 31, 2022	$	21,149
Currency translation and other adjustments	(2)
Balance at September 30, 2023	$	21,147

Other Intangible Assets

Other intangible assets consisted of the following:

	Estimated Useful Lives	September 30, 2023						December 31, 2022
Dollars in millions		Gross carrying amounts		Accumulated amortization		Other intangible assets, net		Gross carrying amounts		Accumulated amortization		Other intangible assets, net
Licenses	5 – 15 years	$	363	$	(144)	$	219	$	400	$	(128)	$	272
Acquired marketed product rights	3 – 15 years	59,577		(37,794)		21,783		60,477		(31,949)		28,528
Capitalized software	3 – 10 years	1,639		(1,171)		468		1,555		(1,056)		499
IPRD		6,480		—		6,480		6,560		—		6,560
Total		$	68,059	$	(39,109)	$	28,950	$	68,992	$	(33,133)	$	35,859

Amortization expense of Other intangible assets was $2.3 billion and $6.9 billion during the three and nine months ended September 30, 2023 and $2.5 billion and $7.4 billion for the three and nine months ended September 30, 2022, respectively.

The other intangible assets impairments were as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
Dollars in millions	2023		2022		2023		2022
IPRD	$	60	$	58	$	80	$	98
Licenses	29		—		29		—
Total	$	89	$	58	$	109	$	98

IPRD impairment charges were recognized following decisions to discontinue development of investigational compounds in connection with the prioritization of pipeline opportunities and were recorded in Research and development expense. Licenses impairment charges were recognized for out-licensed assets following assessments of future economic benefits and were included in Other Income/(expense), net. The impairments represented full write-downs.