Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

NOTE C – GOODWILL AND OTHER INTANGIBLE ASSETS

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 March 31, 2024				As of December 31, 2023
(in millions)	Gross Carrying Amount		Accumulated Amortization/ Write-offs		Gross Carrying Amount		Accumulated Amortization/ Write-offs
Technology-related	$	13,223	$	(8,287)	$	13,207	$	(8,101)
Patents	480		(385)		480		(387)
Other intangible assets	2,159		(1,527)		2,130		(1,500)
Amortizable intangible assets	$	15,863	$	(10,198)	$	15,817	$	(9,988)

Goodwill	$	24,261	$	(9,900)	$	24,287	$	(9,900)

IPR&D	$	54			$	54
Technology-related	120				120
Indefinite-lived intangible assets	$	174			$	174

The following represents a roll-forward of our goodwill balance by reportable segment:


(in millions)	MedSurg		Cardiovascular		Total
As of December 31, 2023	$	5,347	$	9,041	$	14,387


Goodwill acquired	24		—		24
Impact of foreign currency fluctuations and purchase price and other adjustments	(29)		(22)		(51)
As of March 31, 2024	$	5,342	$	9,019	$	14,361

Goodwill and Other Intangible Asset Impairments

We did not record any goodwill or intangible asset impairment charges in the first quarter of 2024 or 2023. Refer to Note A – Significant Accounting Policies to our audited financial statements contained in Item 8. Financial Statements and Supplementary Data of our most recent Annual Report on Form 10-K for further discussion of our annual goodwill and intangible asset impairment testing.