Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill

The goodwill balance by business segment as of December 31, 2021 and September 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
Divestiture activity	—		—		(16)		—		(16)
Translation and other	(172)		(94)		(510)		(25)		(801)
Balance as of September 30, 2022	$	4,450	$	1,731	$	6,260	$	228	$	12,669

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

(Millions)	September 30, 2022		December 31, 2021
Customer related intangible assets	$	4,013	$	4,216
Patents	497		513
Other technology-based intangible assets	2,086		2,111
Definite-lived tradenames	1,164		1,171
Other amortizable intangible assets	84		105
Total gross carrying amount	7,844		8,116
Accumulated amortization — customer related	(1,669)		(1,616)
Accumulated amortization — patents	(491)		(500)
Accumulated amortization — other technology-based	(964)		(839)
Accumulated amortization — definite-lived tradenames	(490)		(447)
Accumulated amortization — other	(59)		(79)
Total accumulated amortization	(3,673)		(3,481)
Total finite-lived intangible assets — net	4,171		4,635
Non-amortizable intangible assets (primarily tradenames)	644		653
Total intangible assets — net	$	4,815	$	5,288

Schedule of amortization expense for acquired intangible assets

Amortization expense for the three and nine months ended September 30, 2022 and 2021 follows:

	Three months ended September 30,				Nine months ended September 30,
(Millions)	2022		2021		2022		2021
Amortization expense	$	124	$	131	$	384	$	398

Schedule of expected amortization expense for acquired amortizable intangible assets

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

(Millions)	Remainder of 2022		2023		2024		2025		2026		2027		After 2027
Amortization expense	$	122	$	475	$	448	$	418	$	412	$	387	$	1,909