Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for the twelve months ended December 31, 2022 and 2021 were as follows:

In millions	Automotive OEM		Food Equipment		Test & Measurement and Electronics		Welding		Polymers & Fluids		Construction Products		Specialty Products		Total
Balance, December 31, 2020	$	491	$	271	$	1,347	$	267	$	893	$	531	$	890	$	4,690
Acquisitions / (divestitures)	—		—		371		—		—		—		—		371
Foreign currency translation	(16)		(6)		(11)		(9)		(20)		(13)		(21)		(96)
Balance, December 31, 2021	475		265		1,707		258		873		518		869		4,965
Acquisitions / (divestitures)	—		—		58		—		—		—		—		58
Transfers to assets held for sale	—		(2)		—		—		(33)		—		(2)		(37)
Foreign currency translation	(16)		(14)		(36)		(10)		(17)		(15)		(14)		(122)
Balance, December 31, 2022	$	459	$	249	$	1,729	$	248	$	823	$	503	$	853	$	4,864
Cumulative goodwill impairment charges, December 31, 2022	$	24	$	60	$	83	$	5	$	15	$	7	$	46	$	240

Schedule of Finite-lived Intangible Assets

Intangible assets as of December 31, 2022 and 2021 were as follows:

	2022						2021
In millions	Cost		Accumulated Amortization		Net		Cost		Accumulated Amortization		Net
Amortizable intangible assets:
Customer lists and relationships	$	1,746	$	(1,479)	$	267	$	1,849	$	(1,474)	$	375
Trademarks and brands	713		(541)		172		732		(527)		205
Patents and proprietary technology	615		(565)		50		640		(563)		77
Other	509		(477)		32		533		(471)		62
Total amortizable intangible assets	3,583		(3,062)		521		3,754		(3,035)		719
Indefinite-lived intangible assets:
Trademarks and brands	247		—		247		253		—		253
Total intangible assets	$	3,830	$	(3,062)	$	768	$	4,007	$	(3,035)	$	972

Schedule of Indefinite-lived Intangible Assets

Intangible assets as of December 31, 2022 and 2021 were as follows:

	2022						2021
In millions	Cost		Accumulated Amortization		Net		Cost		Accumulated Amortization		Net
Amortizable intangible assets:
Customer lists and relationships	$	1,746	$	(1,479)	$	267	$	1,849	$	(1,474)	$	375
Trademarks and brands	713		(541)		172		732		(527)		205
Patents and proprietary technology	615		(565)		50		640		(563)		77
Other	509		(477)		32		533		(471)		62
Total amortizable intangible assets	3,583		(3,062)		521		3,754		(3,035)		719
Indefinite-lived intangible assets:
Trademarks and brands	247		—		247		253		—		253
Total intangible assets	$	3,830	$	(3,062)	$	768	$	4,007	$	(3,035)	$	972

Schedule of Estimated Future Amortization Expense of Intangible Assets

As of December 31, 2022, the estimated future amortization expense of intangible assets for the twelve months ending December 31 was as follows:

In millions
2023	$	113
2024	97
2025	76
2026	55
2027	44