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Intangible Assets and Goodwill (Tables)
12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible assets
Intangible assets, net of accumulated amortization, impairment charges and adjustments are summarized as follows:
 
 
 
As of December 31, 2019
 
As of December 31, 2018
(In millions)
Estimated Life
 
Cost
 
Accumulated
Amortization
 
Net
 
Cost
 
Accumulated
Amortization
 
Net
Completed technology
4-28 years
 
$
7,379.3

 
$
(4,881.4
)
 
$
2,497.9

 
$
7,187.3

 
$
(4,607.3
)
 
$
2,580.0

In-process research and development
Indefinite until commercialization
 
965.5

 

 
965.5

 
476.0

 

 
476.0

Trademarks and trade names
Indefinite
 
64.0

 

 
64.0

 
64.0

 

 
64.0

Total intangible assets
 
 
$
8,408.8

 
$
(4,881.4
)
 
$
3,527.4

 
$
7,727.3

 
$
(4,607.3
)
 
$
3,120.0


Estimated future amortization of intangible assets Based upon this most recent analysis, the estimated future amortization of acquired intangible assets for the next five years is expected to be as follows:
(In millions)
As of December 31, 2019
2020
$
260.0

2021
220.0

2022
225.0

2023
230.0

2024
220.0


Summary of roll forward of the changes in goodwill
The following table provides a roll forward of the changes in our goodwill balance:
 
As of December 31,
(In millions)
2019
 
2018
Goodwill, beginning of year
$
5,706.4

 
$
4,632.5

Increase to goodwill
117.5

 
1,080.1

Elimination of goodwill allocated to Hillerød, Denmark manufacturing operations
(69.5
)
 

Other
3.4

 
(6.2
)
Goodwill, end of year
$
5,757.8

 
$
5,706.4