Goodwill and Other Intangibles

6 Months Ended

Jul. 04, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

5 Goodwill and Other Intangibles

The carrying amount of goodwill was $9.4 billion and $1.3 billion at July 4, 2026 and December 31, 2025, respectively. The following is a reconciliation of goodwill by business segment for the six months ended July 4, 2026 (dollars in millions):


	Analytical & Materials Sciences			Biosciences			Advanced Diagnostics			Total
Goodwill as of December 31, 2025	$	1,340		$	—		$	—		$	1,340
Goodwill reclassification		(101	)		—			101			—
BDS Business Acquisition		870			3,888			3,330			8,088
Currency translation		(4	)		(1	)		(2	)		(7	)

Goodwill as of July 4, 2026		2,105			3,887			3,429		$	9,421

The Company allocated goodwill across each reporting segment based upon preliminary information and is subject to change if additional information about the facts and circumstances that existed at the Closing Date becomes available. Refer to Note 4, “Acquisitions” for further details for the amounts included in goodwill as a result of the acquisition of the BDS Business Acquisition.

The Company’s intangible assets included in the consolidated balance sheets are detailed as follows (dollars in millions):


	July 4, 2026							December 31, 2025
	Gross Carrying Amount		Accumulated Amortization		Weighted- Average Amortization Period			Gross Carrying Amount		Accumulated Amortization		Weighted- Average Amortization Period
Capitalized software	$	789	$	629		5	years	$	794	$	623		5	years
Purchased intangibles		9,000		688		13	years		632		296		10	years
Trademarks		10		—					10		—
Licenses		16		12		6	years		16		12		7	years
Patents and other intangibles		136		101		8	years		135		97		8	years

Total	$	9,951	$	1,430		12	years	$	1,587	$	1,028		7	years

The Company capitalized $12 million and $32 million of intangible assets for the three months ended July 4, 2026, and June 28, 2025, respectively, and $8.4 billion and $52 million in the six months ended July 4, 2026, and June 28, 2025, respectively. The gross carrying value of intangible assets and accumulated amortization for intangible assets decreased by $39 million and $30 million, respectively, for the six months ended July 4, 2026 due to the effects of foreign currency translation. Amortization expense for intangible assets was $266 million and $29 million for the three months ended July 4, 2026 and June 28, 2025, respectively. Amortization expense for intangible assets was $437 million and $57 million for the six months ended July 4, 2026 and June 28, 2025, respectively.

Estimated annual amortization expense for intangible assets for the next five years is as follows (dollars in millions):


	Annual Expense
2026		951
2027		1,096
2028		979
2029		807
2030		803

Refer to Note 4, “Acquisitions” for further details for the amounts included in intangible assets, net as a result of the BDS Business Acquisition.