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Identifiable Intangible Assets
3 Months Ended
Apr. 04, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Identifiable Intangible Assets Identifiable Intangible Assets
The following summarizes the components of Identifiable intangible assets:
April 4, 2021December 31, 2020
(MILLIONS)Gross
Carrying
Amount
Accumulated
Amortization
Identifiable
Intangible
Assets, less
Accumulated
Amortization
Gross
Carrying
Amount
Accumulated
Amortization
Identifiable
Intangible
Assets, less
Accumulated
Amortization
Finite-lived intangible assets
Developed technology rights(a)
$74,056 $(51,840)$22,217 $73,545 $(50,902)$22,643 
Brands922 (782)140 922 (774)148 
Licensing agreements and other2,305 (1,223)1,082 2,292 (1,186)1,106 
77,284 (53,845)23,439 76,759 (52,862)23,896 
Indefinite-lived intangible assets
Brands827 827 827 827 
IPR&D3,135 3,135 3,175 3,175 
Licensing agreements and other573 573 573 573 
4,535 4,535 4,575 4,575 
Identifiable intangible assets(b)
$81,819 $(53,845)$27,974 $81,334 $(52,862)$28,471 
(a)The increase in the gross carrying amount primarily reflects $300 million of capitalized BNT162b2 sales milestones due to BioNTech.
(b)The decrease is primarily due to amortization, partially offset by the capitalization of the BNT162b2 milestone payments described above.
Nearly all of our identifiable intangible assets are managed by our commercial organization, with only 9% of total IPR&D assets managed by our R&D organization.
Amortization
Total amortization of finite-lived intangible assets was $883 million for the first quarter of 2021 and $861 million for the first quarter of 2020.