Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill

The goodwill balance by business segment as of December 31, 2021 and June 30, 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	(86)		(50)		(269)		(17)		(422)
Balance as of June 30, 2022	$	4,536	$	1,775	$	6,517	$	236	$	13,064

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 June 30, 2022, and December 31, 2021, follow:

(Millions)	June 30, 2022		December 31, 2021
Customer related intangible assets	$	4,122	$	4,216
Patents	504		513
Other technology-based intangible assets	2,111		2,111
Definite-lived tradenames	1,169		1,171
Other amortizable intangible assets	90		105
Total gross carrying amount	7,996		8,116
Accumulated amortization — customer related	(1,679)		(1,616)
Accumulated amortization — patents	(496)		(500)
Accumulated amortization — other technology-based	(932)		(839)
Accumulated amortization — definite-lived tradenames	(478)		(447)
Accumulated amortization — other	(66)		(79)
Total accumulated amortization	(3,651)		(3,481)
Total finite-lived intangible assets — net	4,345		4,635
Non-amortizable intangible assets (primarily tradenames)	648		653
Total intangible assets — net	$	4,993	$	5,288

Schedule of amortization expense for acquired intangible assets

Amortization expense for the three and six months ended June 30, 2022 and 2021 follows:

	Three months ended June 30,				Six months ended June 30,
(Millions)	2022		2021		2022		2021
Amortization expense	$	129	$	134	$	260	$	267

Schedule of expected amortization expense for acquired amortizable intangible assets

Expected amortization expense for acquired amortizable intangible assets recorded as of June 30, 2022:

(Millions)	Remainder of 2022		2023		2024		2025		2026		2027		After 2027
Amortization expense	$	250	$	481	$	453	$	423	$	416	$	391	$	1,931