Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The change in the carrying amount of goodwill by business segment was as follows:

(Millions)	Safety and Industrial		Transportation and Electronics		Health Care		Consumer		Total Company
Balance as of December 31, 2023	$	4,542	$	1,512	$	6,603	$	270	$	12,927
Translation and other	(33)		(7)		(71)		(7)		(118)
Balance as of March 31, 2024	$	4,509	$	1,505	$	6,532	$	263	$	12,809

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)	March 31, 2024		December 31, 2023
Customer related	$	4,061	$	4,073
Patents	419		420
Other technology-based	2,075		2,077
Definite-lived tradenames	1,165		1,166
Other	75		78
Total gross carrying amount	7,795		7,814
Accumulated amortization — customer related	(2,009)		(1,966)
Accumulated amortization — patents	(418)		(419)
Accumulated amortization — other technology-based	(1,222)		(1,178)
Accumulated amortization — definite-lived tradenames	(591)		(575)
Accumulated amortization — other	(56)		(57)
Total accumulated amortization	(4,296)		(4,195)
Total finite-lived intangible assets — net	3,499		3,619
Indefinite lived intangible assets (primarily tradenames)	606		607
Total intangible assets — net	$	4,105	$	4,226

Schedule of Amortization Expense for Acquired Intangible Assets

Amortization expense follows:

	Three months ended March 31,
(Millions)	2024		2023
Amortization expense	$	114	$	122

Schedule of Expected Amortization Expense for Acquired Amortizable Intangible Assets

Expected amortization expense for acquired amortizable intangible assets recorded as of March 31, 2024 follows:

(Millions)	Remainder of 2024		2025		2026		2027		2028		2029		After 2029
Amortization expense	$	339	$	422	$	417	$	393	$	366	$	329	$	1,233