Inclusive |V_cb| and global fit

A reliable determination of the Cabibbo-Kobayashi-Maskawa matrix element $|V_{cb}|$ is mandatory for precision flavor physics and for the search for CP violating phases from new, heavy particles. In this article, we review the theory of the determination of $|V_{cb}|$ from inclusive semileptonic $B$ decays. We discuss the available measurements of the semileptonic $B$ branching fraction and other inclusive observables in B decays relevant to the determination of $|V_{cb}|$. Finally, we perform a global fit to extract $|V_{cb}|$ and the $b$-quark mass $m_b$.