Goodwill and Intangible Assets (Tables)
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12 Months Ended |
Dec. 31, 2023 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Summary of changes in the carrying amount of goodwill |
The following table summarizes the changes in the carrying amount of goodwill: | | | | | | | (in millions) | | | Balance as of December 31, 2021 | $ | 32,379 | | Additions(a) | 92 | | | | | Foreign currency translation adjustments and other | (315) | | | Balance as of December 31, 2022 | 32,156 | | | | | Foreign currency translation adjustments and other | 137 | | | Balance as of December 31, 2023 | $ | 32,293 | |
(a)Goodwill additions related to the acquisition of DJS in the fourth quarter of 2022 (see Note 5).
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| Schedule of definite-lived intangible assets |
The following table summarizes intangible assets: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2023 | | 2022 | | as of December 31 (in millions) | Gross
carrying
amount | | Accumulated
amortization | | Net
carrying
amount | | Gross
carrying
amount | | Accumulated
amortization | | Net
carrying
amount | | Definite-lived intangible assets | | | | | | | | | | | | | Developed product rights | $ | 75,142 | | | $ | (22,455) | | | $ | 52,687 | | | $ | 87,698 | | | $ | (25,003) | | | $ | 62,695 | | | License agreements | 8,191 | | | (5,571) | | | 2,620 | | | 8,474 | | | (4,642) | | | 3,832 | | | Total definite-lived intangible assets | 83,333 | | | (28,026) | | | 55,307 | | | 96,172 | | | (29,645) | | | 66,527 | | | Indefinite-lived intangible assets | 303 | | | — | | | 303 | | | 912 | | | — | | | 912 | | | Total intangible assets, net | $ | 83,636 | | | $ | (28,026) | | | $ | 55,610 | | | $ | 97,084 | | | $ | (29,645) | | | $ | 67,439 | |
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| Schedule of indefinite-lived intangible assets |
The following table summarizes intangible assets: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2023 | | 2022 | | as of December 31 (in millions) | Gross
carrying
amount | | Accumulated
amortization | | Net
carrying
amount | | Gross
carrying
amount | | Accumulated
amortization | | Net
carrying
amount | | Definite-lived intangible assets | | | | | | | | | | | | | Developed product rights | $ | 75,142 | | | $ | (22,455) | | | $ | 52,687 | | | $ | 87,698 | | | $ | (25,003) | | | $ | 62,695 | | | License agreements | 8,191 | | | (5,571) | | | 2,620 | | | 8,474 | | | (4,642) | | | 3,832 | | | Total definite-lived intangible assets | 83,333 | | | (28,026) | | | 55,307 | | | 96,172 | | | (29,645) | | | 66,527 | | | Indefinite-lived intangible assets | 303 | | | — | | | 303 | | | 912 | | | — | | | 912 | | | Total intangible assets, net | $ | 83,636 | | | $ | (28,026) | | | $ | 55,610 | | | $ | 97,084 | | | $ | (29,645) | | | $ | 67,439 | |
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| Schedule of anticipated annual amortization expense |
The anticipated annual amortization expense for definite-lived intangible assets recorded as of December 31, 2023 is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in billions) | 2024 | | 2025 | | 2026 | | 2027 | | 2028 | | Anticipated annual amortization expense | $ | 7.4 | | | $ | 7.0 | | | $ | 6.3 | | | $ | 5.6 | | | $ | 5.7 | |
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