GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
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12 Months Ended |
Dec. 31, 2022 |
Goodwill and Intangible Assets Disclosure [Abstract] |
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Schedule of Goodwill |
The following table summarizes changes in the carrying amount of goodwill for the years ended December 31, 2022 and 2021. | | | | | | | | | | | | | | | | Electronics & Industrial | Water & Protection | Corporate & Other | Total | In millions | Balance at December 31, 2020 | $ | 8,458 | | $ | 6,969 | | $ | 613 | | $ | 16,040 | | Acquisitions 1 | 1,213 | | — | | — | | 1,213 | | | | | | | | | | | | Currency Translation Adjustment | (88) | | (168) | | (16) | | (272) | | | | | | | Balance at December 31, 2021 | $ | 9,583 | | $ | 6,801 | | $ | 597 | | $ | 16,981 | | Currency Translation Adjustment | (186) | | (145) | | (5) | | (336) | | Other | — | | — | | 18 | | 18 | | Balance at December 31, 2022 | $ | 9,397 | | $ | 6,656 | | $ | 610 | | $ | 16,663 | |
1.On July 1, 2021, DuPont completed the acquisition of Laird PM, which is included in the Electronics & Industrial segment. See Note 3 for additional information.
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Schedule of Other Finite Intangible Assets |
The gross carrying amounts and accumulated amortization of other intangible assets by major class are as follows: | | | | | | | | | | | | | | | | | | | | | | December 31, 2022 | December 31, 2021 | In millions | Gross Carrying Amount | Accum Amort | Net | Gross Carrying Amount | Accum Amort | Net | Intangible assets with finite lives: | | | | | | | Developed technology | $ | 1,955 | | $ | (913) | | $ | 1,042 | | $ | 2,374 | | $ | (1,124) | | $ | 1,250 | | Trademarks/tradenames | 906 | | (349) | | 557 | | 1,125 | | (500) | | 625 | | Customer-related | 5,454 | | (2,389) | | 3,065 | | 5,806 | | (2,296) | | 3,510 | | Other | 54 | | (27) | | 27 | | 113 | | (80) | | 33 | | Total other intangible assets with finite lives | $ | 8,369 | | $ | (3,678) | | $ | 4,691 | | $ | 9,418 | | $ | (4,000) | | $ | 5,418 | | Intangible assets with indefinite lives: | | | | | | | Trademarks/tradenames | 804 | | — | | 804 | | 804 | | — | | 804 | | Total other intangible assets with indefinite lives | $ | 804 | | $ | — | | $ | 804 | | $ | 804 | | $ | — | | $ | 804 | | Total | $ | 9,173 | | $ | (3,678) | | $ | 5,495 | | $ | 10,222 | | $ | (4,000) | | $ | 6,222 | |
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Schedule of Other Indefinite Intangible Assets |
The gross carrying amounts and accumulated amortization of other intangible assets by major class are as follows: | | | | | | | | | | | | | | | | | | | | | | December 31, 2022 | December 31, 2021 | In millions | Gross Carrying Amount | Accum Amort | Net | Gross Carrying Amount | Accum Amort | Net | Intangible assets with finite lives: | | | | | | | Developed technology | $ | 1,955 | | $ | (913) | | $ | 1,042 | | $ | 2,374 | | $ | (1,124) | | $ | 1,250 | | Trademarks/tradenames | 906 | | (349) | | 557 | | 1,125 | | (500) | | 625 | | Customer-related | 5,454 | | (2,389) | | 3,065 | | 5,806 | | (2,296) | | 3,510 | | Other | 54 | | (27) | | 27 | | 113 | | (80) | | 33 | | Total other intangible assets with finite lives | $ | 8,369 | | $ | (3,678) | | $ | 4,691 | | $ | 9,418 | | $ | (4,000) | | $ | 5,418 | | Intangible assets with indefinite lives: | | | | | | | Trademarks/tradenames | 804 | | — | | 804 | | 804 | | — | | 804 | | Total other intangible assets with indefinite lives | $ | 804 | | $ | — | | $ | 804 | | $ | 804 | | $ | — | | $ | 804 | | Total | $ | 9,173 | | $ | (3,678) | | $ | 5,495 | | $ | 10,222 | | $ | (4,000) | | $ | 6,222 | |
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Schedule of Net Intangibles by Segment |
The following table provides the net carrying value of other intangible assets by segment: | | | | | | | | | Net Intangibles by Segment | December 31, 2022 | December 31, 2021 | In millions | Electronics & Industrial | $ | 2,976 | | $ | 3,429 | | Water & Protection | 2,424 | | 2,686 | | Corporate & Other | 95 | | 107 | | Total | $ | 5,495 | | $ | 6,222 | |
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Schedule of Estimated Future Amortization Expense |
Total estimated amortization expense for the next five fiscal years is as follows: | | | | | | Estimated Amortization Expense | | In millions | | 2023 | $ | 578 | | 2024 | $ | 549 | | 2025 | $ | 508 | | 2026 | $ | 481 | | 2027 | $ | 432 | |
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