XML 38 R29.htm IDEA: XBRL DOCUMENT
v3.22.1

Goodwill and Intangible Assets (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Changes in Carrying Amount of Goodwill | The changes in the carrying amount of goodwill for the three months ended March 31, 2022 are as follows:
(In millions) | Developed Markets |  | Greater China |  | JANZ |  | Emerging Markets |  | Total
Balance at December 31, 2021: |  |  |  |  |  |  |  |  |
Goodwill | $ | 9,108.4 |  |  | $ | 969.5 |  |  | $ | 776.3 |  |  | $ | 1,644.5 |  |  | $ | 12,498.7 |
Accumulated impairment losses | (385.0) |  |  | — |  |  | — |  |  | — |  |  | (385.0) |
| 8,723.4 |  |  | 969.5 |  |  | 776.3 |  |  | 1,644.5 |  |  | 12,113.7 |
Reclassification to assets held for sale | (762.0) |  |  | (3.0) |  |  | (37.0) |  |  | (151.0) |  |  | (953.0) |
Foreign currency translation | (172.2) |  |  | 0.7 |  |  | (0.4) |  |  | (10.0) |  |  | (181.9) |
| $ | 7,789.2 |  |  | $ | 967.2 |  |  | $ | 738.9 |  |  | $ | 1,483.5 |  |  | $ | 10,978.8 |
Balance at March 31, 2022: |  |  |  |  |  |  |  |  |
Goodwill | $ | 8,174.2 |  |  | $ | 967.2 |  |  | $ | 738.9 |  |  | $ | 1,483.5 |  |  | $ | 11,363.8 |
Accumulated impairment losses | (385.0) |  |  | — |  |  | — |  |  | — |  |  | (385.0) |
| $ | 7,789.2 |  |  | $ | 967.2 |  |  | $ | 738.9 |  |  | $ | 1,483.5 |  |  | $ | 10,978.8 |
Components of Intangible Assets | Intangible assets consist of the following components at March 31, 2022 and December 31, 2021:
(In millions) | Weighted Average Life (Years) |  | Original Cost |  | Accumulated Amortization |  | Net Book Value
March 31, 2022 |  |  |  |  |  |  |
Product rights, licenses and other (1) | 15 |  | $ | 38,550.7 |  |  | $ | 13,344.6 |  |  | $ | 25,206.1 |
In-process research and development |  |  | 45.7 |  |  | — |  |  | 45.7 |
|  |  | $ | 38,596.4 |  |  | $ | 13,344.6 |  |  | $ | 25,251.8 |
December 31, 2021 |  |  |  |  |  |  |
Product rights, licenses and other (1) | 15 |  | $ | 39,006.2 |  |  | $ | 12,918.5 |  |  | $ | 26,087.7 |
In-process research and development |  |  | 46.5 |  |  | — |  |  | 46.5 |
|  |  | $ | 39,052.7 |  |  | $ | 12,918.5 |  |  | $ | 26,134.2 |
____________ (1)Represents amortizable intangible assets. Other intangible assets consists principally of customer lists and contractual rights.
Finite-lived Intangible Assets Amortization Expense |
|  |  | Three Months Ended
|  |  | March 31,
(In millions) |  |  |  |  | 2022 |  | 2021
Intangible asset amortization expense |  |  |  |  | $ | 648.1 |  |  | $ | 684.4 |
Intangible asset impairment charges |  |  |  |  | — |  |  | 83.4 |
Total intangible asset amortization expense (including impairment charges) |  |  |  |  | $ | 648.1 |  |  | $ | 767.8 |
Expected Amortization Expense | Intangible asset amortization expense over the remainder of 2022 and for the years ending December 31, 2023 through 2026 is estimated to be as follows:
(In millions) |
2022 | $ | 1,916 |
2023 | 2,392 |
2024 | 2,295 |
2025 | 2,198 |
2026 | 2,141 |

X
- Definition Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life. + References No definition available. + Details
Name: | us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration