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Goodwill and Other Intangible Assets | 12 Months Ended
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Jun. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | 4. Goodwill and Other Intangible Assets Goodwill The following table summarizes the changes in the carrying amount of goodwill by segment and in total:
(in millions) | Pharmaceutical (1) |  | Medical |  | Total
Balance at June 30, 2015 | $ | 2,199 |  |  | $ | 2,871 |  |  | $ | 5,070 |
Goodwill acquired, net of purchase price adjustments | 738 |  |  | 1,382 |  |  | 2,120 |
Foreign currency translation adjustments and other | (18 | ) |  | (5 | ) |  | (23 | )
Balance at June 30, 2016 | 2,919 |  | 0 |  | 4,248 |  |  | 7,167 |
Goodwill acquired, net of purchase price adjustments | 29 |  |  | 35 |  |  | 64 |
Foreign currency translation adjustments and other | (9 | ) |  | (1 | ) |  | (10 | )
Balance at June 30, 2017 | $ | 2,939 |  |  | $ | 4,282 |  |  | $ | 7,221 |
(1) | At June 30, 2017 the accumulated goodwill impairment loss was $829 million.
The increase in the Pharmaceutical segment goodwill during fiscal 2017 is due to acquisitions. Goodwill recognized in connection with acquisitions primarily represents the expected benefits from synergies of integrating this business, the existing workforce of the acquired entity and the expected growth from new customers. The increase in the Medical segment goodwill during fiscal 2017 is primarily due to the Cordis acquisition. During fiscal 2017, we recorded additional goodwill for Cordis, substantially all of which was to increase an accrual for assumed pre-acquisition product liability lawsuits. The majority of the goodwill acquired in connection with the acquisition of Cordis is deductible for tax purposes. See Note 8 for further discussion of the product liability lawsuits. See Note 2 for further discussion of these acquisitions. Other Intangible Assets The following tables summarize other intangible assets by class at June 30:
| 2017
(in millions) | Gross Intangible |  | Accumulated Amortization |  | Net Intangible |  | Weighted- Average Remaining Amortization Period (Years)
Indefinite-life intangibles: |  |  |  |  |  |  |
IPR&D, trademarks and other | $ | 61 |  |  | $ | — |  |  | $ | 61 |  |  | N/A
Total indefinite-life intangibles | 61 |  |  | — |  |  | 61 |  |  | N/A
Definite-life intangibles: |  |  |  |  |  |  |
Customer relationships | 1,966 |  |  | 967 |  |  | 999 |  |  | 9
Trademarks, trade names, and patents | 509 |  |  | 195 |  |  | 314 |  |  | 14
Developed technology and other | 916 |  |  | 304 |  |  | 612 |  |  | 10
Total definite-life intangibles | 3,391 |  |  | 1,466 |  |  | 1,925 |  |  | 10
Total other intangible assets | $ | 3,452 |  |  | $ | 1,466 |  |  | $ | 1,986 |  |  | N/A
| 2016
(in millions) | Gross Intangible |  | Accumulated Amortization |  | Net Intangible
Indefinite-life intangibles: |  |  |  |  |
IPR&D, trademarks and other | $ | 72 |  |  | $ | — |  |  | $ | 72 |
Total indefinite-life intangibles | 72 |  |  | — |  |  | 72 |
Definite-life intangibles: |  |  |  |  |
Customer relationships | 1,946 |  |  | 737 |  |  | 1,209 |
Trademarks, trade names, and patents | 508 |  |  | 140 |  |  | 368 |
Developed technology and other | 808 |  |  | 198 |  |  | 610 |
Total definite-life intangibles | 3,262 |  |  | 1,075 |  |  | 2,187 |
Total other intangible assets | $ | 3,334 |  |  | $ | 1,075 |  |  | $ | 2,259 |
Total amortization of intangible assets was $395 million, $355 million and $191 million for fiscal 2017, 2016 and 2015, respectively. The estimated annual amortization for intangible assets, excluding intangible assets that may be added as a result of acquisitions that had not yet closed as of June 30, 2017, for fiscal 2018 through 2022 is as follows: $370 million, $301 million, $270 million, $219 million and $195 million.

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- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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