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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The goodwill balance by business segment follows:
(Millions)Safety and IndustrialTransportation and ElectronicsHealth CareConsumerTotal Company
Balance as of December 31, 2022$4,509$1,501$6,515$265$12,790
Translation and other12 9 56 2 79 
Balance as of June 30, 2023$4,521$1,510$6,571$267$12,869
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 follow:
(Millions)June 30,
2023
December 31,
2022
Customer related intangible assets$4,084 $4,062 
Patents429 426 
Other technology-based intangible assets2,089 2,081 
Definite-lived tradenames1,167 1,166 
Other amortizable intangible assets82 84 
Total gross carrying amount 7,851 7,819 
Accumulated amortization — customer related(1,872)(1,747)
Accumulated amortization — patents (426)(421)
Accumulated amortization — other technology-based(1,098)(1,000)
Accumulated amortization — definite-lived tradenames(543)(509)
Accumulated amortization — other (59)(60)
Total accumulated amortization (3,998)(3,737)
Total finite-lived intangible assets — net 3,853 4,082 
Non-amortizable intangible assets (primarily tradenames)617 617 
Total intangible assets — net$4,470 $4,699 
Schedule of Amortization Expense for Acquired Intangible Assets
Amortization expense follows:
Three months ended
June 30,
Twelve months ended
December 31,
(Millions)2023202220232022
Amortization expense $121 $129 $243 $260 
Schedule of Expected Amortization Expense for Acquired Amortizable Intangible Assets
Expected amortization expense for acquired amortizable intangible assets recorded as of June 30, 2023 follows:
(Millions)
Remainder of 2023
20242025202620272028
After 2028
Amortization expense$236 $453 $423 $418 $398 $379 $1,546