GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
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3 Months Ended |
Mar. 31, 2024 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Schedule of Goodwill |
The changes in the carrying amounts of goodwill during the three months ended March 31, 2024 were as follows: | | | | | | | | | | | | | | | | In millions | Electronics & Industrial | Water & Protection | Corporate & Other | Total | | Balance at December 31, 2023 | $ | 10,205 | | $ | 5,900 | | $ | 615 | | $ | 16,720 | | | | | | | | Currency translation adjustment | (51) | | (59) | | (4) | | (114) | | | Goodwill recognized for Spectrum Acquisition | 7 | | — | | — | | 7 | | Balance at March 31, 2024 | $ | 10,161 | | $ | 5,841 | | $ | 611 | | $ | 16,613 | |
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| Schedule of Other Finite Intangible Assets |
The gross carrying amounts and accumulated amortization of other intangible assets by major class are as follows: | | | | | | | | | | | | | | | | | | | | | | March 31, 2024 | December 31, 2023 | | In millions | Gross Carrying Amount | Accum Amort | Net | Gross Carrying Amount | Accum Amort | Net | | Intangible assets with finite lives: | | | | | | | | Developed technology | $ | 2,074 | | $ | (1,137) | | $ | 937 | | $ | 2,079 | | $ | (1,092) | | $ | 987 | | | Trademarks/tradenames | 925 | | (431) | | 494 | | 924 | | (414) | | 510 | | | Customer-related | 5,770 | | (2,392) | | 3,378 | | 5,815 | | (2,329) | | 3,486 | | | Other | 28 | | (1) | | 27 | | 28 | | (1) | | 27 | | | Total other intangible assets with finite lives | $ | 8,797 | | $ | (3,961) | | $ | 4,836 | | $ | 8,846 | | $ | (3,836) | | $ | 5,010 | | | Intangible assets with indefinite lives: | | | | | | | | Trademarks/tradenames | 804 | | — | | 804 | | 804 | | — | | 804 | | | Total other intangible assets | $ | 804 | | $ | — | | $ | 804 | | $ | 804 | | $ | — | | $ | 804 | | | Total | $ | 9,601 | | $ | (3,961) | | $ | 5,640 | | $ | 9,650 | | $ | (3,836) | | $ | 5,814 | |
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| Schedule of Other Indefinite Intangible Assets |
The gross carrying amounts and accumulated amortization of other intangible assets by major class are as follows: | | | | | | | | | | | | | | | | | | | | | | March 31, 2024 | December 31, 2023 | | In millions | Gross Carrying Amount | Accum Amort | Net | Gross Carrying Amount | Accum Amort | Net | | Intangible assets with finite lives: | | | | | | | | Developed technology | $ | 2,074 | | $ | (1,137) | | $ | 937 | | $ | 2,079 | | $ | (1,092) | | $ | 987 | | | Trademarks/tradenames | 925 | | (431) | | 494 | | 924 | | (414) | | 510 | | | Customer-related | 5,770 | | (2,392) | | 3,378 | | 5,815 | | (2,329) | | 3,486 | | | Other | 28 | | (1) | | 27 | | 28 | | (1) | | 27 | | | Total other intangible assets with finite lives | $ | 8,797 | | $ | (3,961) | | $ | 4,836 | | $ | 8,846 | | $ | (3,836) | | $ | 5,010 | | | Intangible assets with indefinite lives: | | | | | | | | Trademarks/tradenames | 804 | | — | | 804 | | 804 | | — | | 804 | | | Total other intangible assets | $ | 804 | | $ | — | | $ | 804 | | $ | 804 | | $ | — | | $ | 804 | | | Total | $ | 9,601 | | $ | (3,961) | | $ | 5,640 | | $ | 9,650 | | $ | (3,836) | | $ | 5,814 | |
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| Schedule of Net Intangibles by Segment |
The following table provides the net carrying value of other intangible assets by segment: | | | | | | | | | | Net Intangibles by Segment | March 31, 2024 | December 31, 2023 | | In millions | | Electronics & Industrial | $ | 3,419 | | $ | 3,521 | | | Water & Protection | 2,138 | | 2,206 | | | Corporate & Other | 83 | | 87 | | | Total | $ | 5,640 | | $ | 5,814 | |
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| Schedule of Estimated Future Amortization Expense |
Total estimated amortization expense for the remainder of 2024 and the five succeeding fiscal years is as follows: | | | | | | | Estimated Amortization Expense | | | In millions | | | Remainder of 2024 | $ | 441 | | | 2025 | $ | 547 | | | 2026 | $ | 519 | | | 2027 | $ | 472 | | | 2028 | $ | 419 | | | 2029 | $ | 363 | |
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