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Acquisitions (Tables)

12 Months Ended

Dec. 31, 2020

Business Combinations [Abstract]

Summarized fair values of assets acquired and liabilities assumed

The following table summarizes fair values of assets acquired and liabilities assumed as of the acquisition date:

(in millions)						Amount
Cash and cash equivalents						$	726
Inventories						946
Intangible assets
Finite-lived intangible asset						4,600
Acquired IPR&D						15,760
Outlicense contract						175
Deferred income taxes						(4,565)
Liability related to future royalties						(1,100)
Other assets (and liabilities), net						64
Total identifiable net assets						16,606
Goodwill						3,991
Total consideration transferred						$	20,597

Supplemental pro forma information

The following pro forma information presents the combined results of operations of Gilead and Immunomedics as if the acquisition of Immunomedics had been completed on January 1, 2019, with adjustments to give effect to pro forma events that are directly attributable to the acquisition:

						Year Ended December 31
(in millions, unaudited)						2020						2019
Total revenues						$	24,778					$	22,449
Net income (loss) attributable to Gilead						$	(323)					$	4,488

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
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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
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