Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

The following table summarizes the changes in the carrying amount of goodwill (in millions):

	Americas and Global Businesses			EMEA			Asia Pacific		Immaterial Product Category Operating Segments			Total
Balance at January 1, 2019
Goodwill	$	7,712.4		$	1,322.2		$	507.2	$	1,706.2		$	11,248.0
Accumulated impairment losses		-			(567.0	)		-		(1,086.6	)		(1,653.6	)
		7,712.4			755.2			507.2		619.6			9,594.4
Other acquisitions		-			-			-		25.0			25.0
Currency translation		(12.6	)		(5.4	)		0.2		(1.9	)		(19.7	)
Balance at December 31, 2019
Goodwill		7,699.8			1,316.8			507.4		1,729.3			11,253.3
Accumulated impairment losses		-			(567.0	)		-		(1,086.6	)		(1,653.6	)
		7,699.8			749.8			507.4		642.7			9,599.7
Goodwill reportable segment change		1,661.3			17.0			51.0		(1,729.3	)		-
Accumulated impairment losses reportable segment change		(1,086.6	)		-			-		1,086.6			-
Other acquisitions		142.4			10.9			8.9		-			162.2
Currency translation		80.2			18.2			13.5		-			111.9
Impairment		(142.0	)		(470.0	)		-		-			(612.0	)
Balance at December 31, 2020
Goodwill		9,583.7			1,362.9			580.8		-			11,527.4
Accumulated impairment losses		(1,228.6	)		(1,037.0	)		-		-			(2,265.6	)
	$	8,355.1		$	325.9		$	580.8	$	-		$	9,261.8

Components of Identifiable Intangible Assets

The components of identifiable intangible assets were as follows (in millions):

	Technology			Intellectual Property Rights			Trademarks and Trade Names			Customer Relationships			IPR&D		Other			Total
As of December 31, 2020:
Intangible assets subject to amortization:
Gross carrying amount	$	3,902.0		$	383.3		$	677.0		$	5,589.7		$	-	$	152.4		$	10,704.4
Accumulated amortization		(1,746.2	)		(211.6	)		(251.5	)		(1,820.9	)		-		(110.9	)		(4,141.1	)
Intangible assets not subject to amortization:
Gross carrying amount		-			-			462.7			-			29.5		-			492.2
Total identifiable intangible assets	$	2,155.8		$	171.7		$	888.2		$	3,768.8		$	29.5	$	41.5		$	7,055.5
As of December 31, 2019:
Intangible assets subject to amortization:
Gross carrying amount	$	3,634.0		$	378.3		$	659.9		$	5,375.0		$	-	$	165.4		$	10,212.6
Accumulated amortization		(1,487.6	)		(191.9	)		(207.6	)		(1,489.4	)		-		(95.3	)		(3,471.8	)
Intangible assets not subject to amortization:
Gross carrying amount		-			-			454.9			-			61.9		-			516.8
Total identifiable intangible assets	$	2,146.4		$	186.4		$	907.2		$	3,885.6		$	61.9	$	70.1		$	7,257.6

Estimated Annual Amortization Expense Based on Intangible Assets Recognized

Estimated annual amortization expense based upon intangible assets recognized as of December 31, 2020 for the years ending December 31, 2021 through 2025 is (in millions):

For the Years Ending December 31,
2021	$	609.6
2022		604.6
2023		597.9
2024		587.8
2025		581.2