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Acquisitions of businesses | 12 Months Ended
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Dec. 31, 2020
Disclosure of acquisition of businesses [abstract] |
Acquisition of businesses | 24. Acquisitions of businesses Fair value of assets and liabilities arising from acquisitions of businesses
(USD millions) |  | 2020 |  | 2019 |  | 2018 |
Property, plant and equipment |  | 26 |  | 44 |  | 137 |
Right-of-use assets |  | 32 |  |  |  |  |
Currently marketed products |  | 196 |  | 3 550 |  | 2 531 |
Acquired research and development |  | 8 600 |  | 342 |  | 10 224 |
Other intangible assets |  | 218 |  | 22 |  | 1 |
Deferred tax assets |  | 476 |  | 60 |  | 381 |
Non-current financial and other assets |  | 49 |  | 8 |  | 19 |
Inventories |  | 84 |  | 195 |  | 20 |
Trade receivables and financial and other current assets |  | 109 |  | 4 |  | 90 |
Cash and cash equivalents |  | 76 |  |  |  | 1 112 |
Deferred tax liabilities |  | – 1 977 |  | – 107 |  | – 2 874 |
Current and non-current financial debts |  | – 32 |  | – 2 |  | – 14 |
Current and non-current lease liabilities |  | – 44 |  |  |  |  |
Trade payables and other liabilities |  | – 144 |  | – 178 |  | – 627 |
Net identifiable assets acquired |  | 7 669 |  | 3 938 |  | 11 000 |
Acquired cash and cash equivalents |  | – 76 |  |  |  | – 1 112 |
Non-controlling interests |  |  |  |  |  | – 26 |
Goodwill |  | 2 580 |  | 186 |  | 4 084 |
Net assets recognized as a result of acquisitions of businesses 1 |  | 10 173 |  | 4 124 |  | 13 946 |
1 In 2018, net assets recognized as a result of acquisitions of businesses in the consolidated balance sheet from continuing operations were USD 13 660 million.
Note 2 details significant acquisitions of businesses, specifically, The Medicines Company and the Japanese business of AGI in 2020; Xiidra and IFM Tre, Inc. in 2019; and AAA, AveXis and Endocyte in 2018. The goodwill arising out of these acquisitions is attributable to the buyer specific synergies, the assembled workforce, and the accounting for deferred tax liabilities on the acquired assets. Goodwill of USD 74 million in 2020 (2019: USD 98 million, 2018: nil) is tax deductible.

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- Definition The entire disclosure for business combinations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 3 -IssueDate 2019-01-01 -Section Disclosures -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=3&code=ifrs-tx-2019-en-r&doctype=Standard&dita_xref=IFRS03_g59-63_TI -URIDate 2019-03-27 + Details
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