v3.25.2
Intangible Assets and Goodwill (Tables)
 6 Months Ended
Jun. 29, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill
(Dollars in Millions)June 29, 2025December 29, 2024
Intangible assets with definite lives:  
Patents and trademarks — gross$53,27244,695
Less accumulated amortization(30,756)(26,124)
Patents and trademarks — net$22,51618,571
Customer relationships and other intangibles — gross21,91020,310
Less accumulated amortization(14,487)(13,544)
Customer relationships and other intangibles — net(1)
$7,4236,766
Intangible assets with indefinite lives:  
Purchased in-process research and development19,89612,281
Total intangible assets — net$49,83537,618
(1)The majority is comprised of customer relationships
Goodwill
Goodwill as of June 29, 2025 was allocated by segment of business as follows:
(Dollars in Millions)
Innovative
Medicine
MedTechTotal
Goodwill at December 29, 2024
$10,69233,50844,200
Goodwill, related to acquisitions2,876—2,876
Goodwill, related to divestitures—(29)(29)
Currency translation/Other7583121,070
Goodwill at June 29, 2025
$14,32633,79148,117
Intangible Asset Amortization Expense
The estimated amortization expense for approved products, before tax, for the five succeeding years is approximately:
(Dollars in Millions)
20252026202720282029
$4,5004,0003,4002,7002,600