Acquisitions, divestment of product rights and out-licensing (Tables)

12 Months Ended

Dec. 31, 2024

The below table summarizes the PPA for the BELKIN business combination which was finalized in the third quarter of 2024.


($ millions)			Final PPA
Property, plant and equipment			1
Currently marketed products			75
Deferred tax assets			6
Inventories			3
Cash and cash equivalents			3
Other current assets			2
Deferred tax liabilities			(17)
Provisions and other current liabilities			(1)
Net identifiable assets acquired			72
Goodwill			20
Total purchase consideration			92
Acquired liquidity			(3)
Net assets recognized as a result of business combinations			89

Purchase consideration
Cash paid at closing			64
Cash expected to be paid after closing			2
Previously-held FVOCI financial investments			20
Contingent consideration			6
Total purchase consideration			92

The below table summarizes the final PPA for the Aerie business combination as of December 31, 2023.


($ millions)	Preliminary PPA	Measurement period adjustments	Final PPA
Property, plant and equipment	27	—	27
Right-of-use assets	29	—	29
Currently marketed products	850	—	850
Acquired in-process research & development	175	—	175
Deferred tax assets	189	—	189
Inventories	49	—	49
Trade receivables	70	—	70
Short-term investments	79	—	79
Cash and cash equivalents	78	—	78
Other assets	15	—	15
Lease liabilities	(27)	—	(27)
Deferred tax liabilities	(255)	—	(255)
Provisions and other non-current and current liabilities	(235)	—	(235)
Current income tax liabilities	(46)	44	(2)
Trade payables	(3)	—	(3)
Financial debts	(316)	—	(316)
Net identifiable assets acquired	679	44	723
Goodwill	65	(44)	21
Total purchase consideration	744	—	744
Acquired liquidity	(78)	—	(78)
Net assets recognized as a result of business combinations	666	—	666

The below table summarizes the PPA for asset acquisitions for the year ended December 31, 2022.


($ millions)												2022
Currently marketed products												385
Acquired in-process research & development												10
Other intangible assets (including software)												12
Deferred tax assets												57
Trade receivables												10
Inventory												16
Cash and cash equivalents												4
Other assets												6
Trade payables and other liabilities												(11)
Net identifiable assets acquired												489
Acquired liquidity												(4)
Net assets recognized as a result of asset acquisitions												485