XML 42 R30.htm IDEA: XBRL DOCUMENT v3.23.2
Goodwill and Other Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Rollforward of Goodwill
The following is a rollforward of the Company’s goodwill ($ in millions):
Balance, December 31, 2022$39,752 
Adjustments due to finalization of purchase price allocations(5)
Foreign currency translation and other(171)
Balance, June 30, 2023$39,576 
The carrying value of goodwill by segment is summarized as follows ($ in millions):
June 30, 2023December 31, 2022
Biotechnology$21,920 $22,087 
Life Sciences8,279 8,314 
Diagnostics6,871 6,875 
Environmental & Applied Solutions2,506 2,476 
Total$39,576 $39,752 
The Company has not identified any “triggering” events which indicate an impairment of goodwill in the first half of 2023.
The Company reviews identified intangible assets for impairment whenever events or changes in circumstances indicate that the related carrying amounts may not be recoverable. The Company identified impairment triggers during the second quarters of 2023 and 2022 which resulted in the impairment charges of certain long-lived assets, including technology and customer relationships. The Company recorded impairment charges totaling $34 million and $9 million in the three and six-month periods ended June 30, 2023 and July 1, 2022, respectively, related to these long-lived assets. In addition during the three and six-month periods ended June 30, 2023, the Company recorded a $14 million impairment related to a facility.
Goodwill by Segment
The following is a rollforward of the Company’s goodwill ($ in millions):
Balance, December 31, 2022$39,752 
Adjustments due to finalization of purchase price allocations(5)
Foreign currency translation and other(171)
Balance, June 30, 2023$39,576 
The carrying value of goodwill by segment is summarized as follows ($ in millions):
June 30, 2023December 31, 2022
Biotechnology$21,920 $22,087 
Life Sciences8,279 8,314 
Diagnostics6,871 6,875 
Environmental & Applied Solutions2,506 2,476 
Total$39,576 $39,752 
The Company has not identified any “triggering” events which indicate an impairment of goodwill in the first half of 2023.
The Company reviews identified intangible assets for impairment whenever events or changes in circumstances indicate that the related carrying amounts may not be recoverable. The Company identified impairment triggers during the second quarters of 2023 and 2022 which resulted in the impairment charges of certain long-lived assets, including technology and customer relationships. The Company recorded impairment charges totaling $34 million and $9 million in the three and six-month periods ended June 30, 2023 and July 1, 2022, respectively, related to these long-lived assets. In addition during the three and six-month periods ended June 30, 2023, the Company recorded a $14 million impairment related to a facility.