Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Goodwill

The gross carrying amount of goodwill and other intangible assets and the related accumulated amortization for intangible assets subject to amortization and accumulated goodwill impairment charges are as follows:

	As of December 31, 2023				As of December 31, 2022
(in millions)	Gross Carrying Amount		Accumulated Amortization/ Write-offs		Gross Carrying Amount		Accumulated Amortization/ Write-offs
Technology-related	$	13,207	$	(8,101)	$	12,397	$	(7,378)
Patents	480		(387)		486		(394)
Other intangible assets	2,130		(1,500)		1,960		(1,400)
Amortizable intangible assets	$	15,817	$	(9,988)	$	14,843	$	(9,173)
Goodwill	$	24,287	$	(9,900)	$	22,820	$	(9,900)
IPR&D	54				112
Technology-related	120				120
Indefinite-lived intangible assets	$	174			$	232

Schedule of Goodwill

The following represents a rollforward of our goodwill balance by reportable segment:

(in millions)	MedSurg		Cardiovascular		Total
Balance as of December 31, 2021	$	4,246	$	7,741	$	11,988
Goodwill acquired	—		1,030		1,030
Foreign currency fluctuations and other changes	(10)		(88)		(98)
Balance as of December 31, 2022	$	4,237	$	8,684	$	12,920
Goodwill acquired	1,110		337		1,447
Foreign currency fluctuations and other changes	—		20		20
Balance as of December 31, 2023	$	5,347	$	9,041	$	14,387

Schedule of Expected Amortization Expense

Estimated Amortization expense for each of the five succeeding fiscal years based upon our amortizable intangible asset portfolio, consisting of intangible assets acquired in a business combination or asset acquisition, as well as internally developed patents, as of December 31, 2023 is as follows:

Fiscal Year	(in millions)
2024	$	828
2025	757
2026	737
2027	714
2028	690