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Acquisitions, Research Collaborations and License Agreements (Tables) | 3 Months Ended
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Mar. 31, 2020
Business Combinations [Abstract] |
Fair Value of Assets Acquired and Liabilities Assumed | The estimated fair value of assets acquired and liabilities assumed from ArQule is as follows:
($ in millions) | January 16, 2020
Cash and cash equivalents | $ | 145 |
IPR&D MK-1026 (formerly ARQ 531) (1) | 2,280 |
IPR&D MK-7075 (formerly ARQ 092) (1) | 170 |
Licensing arrangement for ARQ 087 | 80 |
Deferred income tax liabilities | (434 | )
Other assets and liabilities, net | 35 |
Total identifiable net assets | 2,276 |
Goodwill (2) | 414 |
Consideration transferred | $ | 2,690 |
(1) | The fair values of the identifiable intangible assets related to in-process research and development (IPR&D) were determined using an income approach. The future net cash flows were discounted to present value utilizing a discount rate of 12.5%. Actual cash flows are likely to be different than those assumed.
(2) The goodwill was allocated to the Pharmaceutical segment and is not deductible for tax purposes.

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=116869197&loc=d3e4845-128472 + Details
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