Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The goodwill balance by business segment follows:

(Millions)	Safety and Industrial		Transportation and Electronics		Health Care		Consumer		Total Company
Balance as of December 31, 2022	$	4,509	$	1,501	$	6,515	$	265	$	12,790
Divestiture activity	—		—		(4)		—		(4)
Translation and other	(17)		(3)		(43)		(2)		(65)
Balance as of September 30, 2023	$	4,492	$	1,498	$	6,468	$	263	$	12,721

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)	September 30, 2023		December 31, 2022
Customer related intangible assets	$	4,046	$	4,062
Patents	428		426
Other technology-based intangible assets	2,083		2,081
Definite-lived tradenames	1,165		1,166
Other amortizable intangible assets	81		84
Total gross carrying amount	7,803		7,819
Accumulated amortization — customer related	(1,901)		(1,747)
Accumulated amortization — patents	(426)		(421)
Accumulated amortization — other technology-based	(1,140)		(1,000)
Accumulated amortization — definite-lived tradenames	(558)		(509)
Accumulated amortization — other	(59)		(60)
Total accumulated amortization	(4,084)		(3,737)
Total finite-lived intangible assets — net	3,719		4,082
Non-amortizable intangible assets (primarily tradenames)	605		617
Total intangible assets — net	$	4,324	$	4,699

Schedule of Amortization Expense for Acquired Intangible Assets

Amortization expense follows:

	Three months ended September 30,				Nine months ended September 30,
(Millions)	2023		2022		2023		2022
Amortization expense	$	122	$	124	$	365	$	384

Schedule of Expected Amortization Expense for Acquired Amortizable Intangible Assets

Expected amortization expense for acquired amortizable intangible assets recorded as of September 30, 2023 follows:

(Millions)	Remainder of 2023		2024		2025		2026		2027		2028		After 2028
Amortization expense	$	115	$	452	$	422	$	416	$	392	$	366	$	1,556