Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill

The goodwill balance by business segment as of December 31, 2021 and March 31, 2022, follow:

Goodwill

(Millions)	Safety and Industrial		Transportation and Electronics		Health Care		Consumer		Total Company
Balance as of December 31, 2021	$	4,622	$	1,825	$	6,786	$	253	$	13,486
Translation and other	(17)		(12)		(85)		(4)		(118)
Balance as of March 31, 2022	$	4,605	$	1,813	$	6,701	$	249	$	13,368

Schedule of acquired intangible assets

The carrying amount and accumulated amortization of acquired finite-lived intangible assets, in addition to the balance of non-amortizable intangible assets, as of March 31, 2022, and December 31, 2021, follow:

(Millions)	March 31, 2022		December 31, 2021
Customer related intangible assets	$	4,179	$	4,216
Patents	510		513
Other technology-based intangible assets	2,105		2,111
Definite-lived tradenames	1,170		1,171
Other amortizable intangible assets	94		105
Total gross carrying amount	8,058		8,116
Accumulated amortization — customer related	(1,653)		(1,616)
Accumulated amortization — patents	(500)		(500)
Accumulated amortization — other technology-based	(886)		(839)
Accumulated amortization — definite-lived tradenames	(462)		(447)
Accumulated amortization — other	(67)		(79)
Total accumulated amortization	(3,568)		(3,481)
Total finite-lived intangible assets — net	4,490		4,635
Non-amortizable intangible assets (primarily tradenames)	651		653
Total intangible assets — net	$	5,141	$	5,288

Schedule of amortization expense for acquired intangible assets

Amortization expense for the three months ended March 31, 2022 and 2021 follows:

	Three months ended March 31,
(Millions)	2022		2021
Amortization expense	$	131	$	133

Schedule of expected amortization expense for acquired amortizable intangible assets

Expected amortization expense for acquired amortizable intangible assets recorded as of March 31, 2022:

(Millions)	Remainder of 2022		2023		2024		2025		2026		2027		After 2027
Amortization expense	$	378	$	483	$	455	$	425	$	418	$	391	$	1,940