XML 153 R16.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
GOODWILL AND OTHER INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill and in-process research and development assets resulting from purchase business combinations are not subject to amortization. Other acquired intangible assets with finite lives are amortized over their expected useful lives on a straight-line basis, or if reliably determinable, based on the pattern in which the economic benefit of the asset is expected to be used. The Company expenses costs incurred to renew or extend the term of acquired intangible assets.

In April 2019, the Company acquired CASMED. This transaction resulted in an increase to goodwill of $64.4 million and developed technology of $35.9 million. For further information, see Note 8.

The changes in the carrying amount of goodwill, by segment, during the years ended December 31, 2019 and 2018 were as follows:
 
United
States
 
Europe
 
Rest of World
 
Total
 
(in millions)
Goodwill at December 31, 2017
$
709.3

 
$
67.2

 
$
350.0

 
$
1,126.5

Currency translation adjustment
—

 
(3.0
)
 
(11.3
)
 
(14.3
)
Goodwill at December 31, 2018
709.3

 
64.2

 
338.7

 
1,112.2

Goodwill acquired during the year
64.4

 
—

 
—

 
64.4

Currency translation adjustment
—

 
(1.4
)
 
(7.5
)
 
(8.9
)
Goodwill at December 31, 2019
$
773.7

 
$
62.8

 
$
331.2

 
$
1,167.7



Other intangible assets consist of the following (in millions):

 
 
 
December 31,
 
Weighted-Average Useful Life (in years)
 
2019
 
2018
 
 
Cost
 
Accumulated
Amortization
 
Net
Carrying
Value
 
Cost
 
Accumulated
Amortization
 
Net
Carrying
Value
Finite-lived intangible assets
 
 
 

 
 

 
 

 
 

 
 

 
 

Patents
7.4
 
$
185.7

 
$
(182.1
)
 
$
3.6

 
$
185.8

 
$
(181.2
)
 
$
4.6

Developed technology (Note 4)
12.9
 
153.5

 
(46.6
)
 
106.9

 
119.8

 
(44.2
)
 
75.6

Other
10.0
 
12.3

 
(4.4
)
 
7.9

 
—

 
—

 
—

 
12.4
 
351.5

 
(233.1
)
 
118.4

 
305.6

 
(225.4
)
 
80.2

Indefinite-lived intangible assets
 
 
 

 
 

 
 

 
 

 
 

 
 

In-process research and development (Note 4)
 
 
218.1

 
—

 
218.1

 
263.0

 
—

 
263.0

 
 
 
$
569.6

 
$
(233.1
)
 
$
336.5

 
$
568.6

 
$
(225.4
)
 
$
343.2



Amortization expense related to other intangible assets for the years ended December 31, 2019, 2018, and 2017 was $4.6 million, $2.5 million, and $7.8 million, respectively. Estimated amortization expense for each of the years ending December 31 is as follows (in millions):
2020
$
7.2

2021
7.6

2022
7.9

2023
9.4

2024
13.1