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GOODWILL AND INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The following table summarizes the changes in the carrying amount of goodwill:

(in millions)						Amount
Balance at December 31, 2020						$	8,108
Goodwill resulting from the acquisition of MYR						226
Balance at March 31, 2021						$	8,334

Schedule of Finite-Lived Intangible Assets

The following table summarizes our Intangible assets, net:

						March 31, 2021																								December 31, 2020
(in millions)						Gross  Carrying Amount						Accumulated Amortization						Foreign Currency Translation Adjustment						Net Carrying Amount						Gross  Carrying Amount						Accumulated Amortization						Foreign Currency Translation Adjustment						Net Carrying Amount
Finite-lived assets:
Intangible asset - sofosbuvir						$	10,720					$	(5,127)					$	—					$	5,593					$	10,720					$	(4,952)					$	—					$	5,768
Intangible asset - axicabtagene ciloleucel(1)						7,110						(1,196)						—						5,914						6,200						(1,105)						—						5,095
Intangible asset - Trodelvy(2)						4,600						(158)						—						4,442						4,600						(63)						—						4,537
Intangible asset - Hepcludex for HDV						845						(7)						—						838						—						—						—						—
Other						1,391						(567)						—						824						1,377						(540)						(1)						836
Total finite-lived assets						24,666						(7,055)						—						17,611						22,897						(6,660)						(1)						16,236
Indefinite-lived assets - IPR&D(3)(4)						17,170						—						—						17,170						16,890						—						—						16,890
Total intangible assets						$	41,836					$	(7,055)					$	—					$	34,781					$	39,787					$	(6,660)					$	(1)					$	33,126

_______________________________

(1)     Gross carrying amount as of March 31, 2021 includes $910 million reclassified from indefinite-lived assets - IPR&D following the March 2021 FDA approval of Yescarta for the treatment of adult patients with relapsed or refractory follicular lymphoma.

(2)     Amounts represent Trodelvy for metastatic triple-negative breast cancer.

(3)     Gross carrying amount as of March 31, 2021 includes $1.2 billion recognized from the first quarter 2021 MYR acquisition. See Note 6. Acquisitions for additional information.

(4)     In April 2021, FDA granted accelerated approval of Trodelvy for use in adult patients with locally advanced or metastatic urothelial cancer, a new indication. Accordingly, the related amount of $1.0 billion will be reclassified to finite-lived assets in the second quarter of 2021.

Schedule of Indefinite-Lived Intangible Assets

The following table summarizes our Intangible assets, net:

						March 31, 2021																								December 31, 2020
(in millions)						Gross  Carrying Amount						Accumulated Amortization						Foreign Currency Translation Adjustment						Net Carrying Amount						Gross  Carrying Amount						Accumulated Amortization						Foreign Currency Translation Adjustment						Net Carrying Amount
Finite-lived assets:
Intangible asset - sofosbuvir						$	10,720					$	(5,127)					$	—					$	5,593					$	10,720					$	(4,952)					$	—					$	5,768
Intangible asset - axicabtagene ciloleucel(1)						7,110						(1,196)						—						5,914						6,200						(1,105)						—						5,095
Intangible asset - Trodelvy(2)						4,600						(158)						—						4,442						4,600						(63)						—						4,537
Intangible asset - Hepcludex for HDV						845						(7)						—						838						—						—						—						—
Other						1,391						(567)						—						824						1,377						(540)						(1)						836
Total finite-lived assets						24,666						(7,055)						—						17,611						22,897						(6,660)						(1)						16,236
Indefinite-lived assets - IPR&D(3)(4)						17,170						—						—						17,170						16,890						—						—						16,890
Total intangible assets						$	41,836					$	(7,055)					$	—					$	34,781					$	39,787					$	(6,660)					$	(1)					$	33,126

_______________________________

(1)     Gross carrying amount as of March 31, 2021 includes $910 million reclassified from indefinite-lived assets - IPR&D following the March 2021 FDA approval of Yescarta for the treatment of adult patients with relapsed or refractory follicular lymphoma.

(2)     Amounts represent Trodelvy for metastatic triple-negative breast cancer.

(3)     Gross carrying amount as of March 31, 2021 includes $1.2 billion recognized from the first quarter 2021 MYR acquisition. See Note 6. Acquisitions for additional information.

(4)     In April 2021, FDA granted accelerated approval of Trodelvy for use in adult patients with locally advanced or metastatic urothelial cancer, a new indication. Accordingly, the related amount of $1.0 billion will be reclassified to finite-lived assets in the second quarter of 2021.

Schedule of Estimated Future Amortization Expense

The following table summarizes the estimated future amortization expense associated with our finite-lived intangible assets as of March 31, 2021:

(in millions)						Amount
2021 (remaining nine months)						$	1,256
2022						1,675
2023						1,675
2024						1,675
2025						1,669
Thereafter						9,661
Total						$	17,611

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