Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in the carrying amount of goodwill for the nine months ended September 30, 2016 are as follows:



(In millions)	Generics Segment		Specialty Segment			Total
Balance at December 31, 2015:
Goodwill	$	5,031.0	$	734.1		$	5,765.1
Accumulated impairment losses	—		(385.0		)	(385.0		)
	5,031.0		349.1			5,380.1
Acquisitions ⁽¹⁾	3,984.9		—			3,984.9
Measurement period adjustments	8.1		—			8.1
Foreign currency translation	260.0		—			260.0
	$	9,284.0	$	349.1		$	9,633.1
Balance at September 30, 2016:
Goodwill	$	9,284.0	$	734.1		$	10,018.1
Accumulated impairment losses	—		(385.0		)	(385.0		)
	$	9,284.0	$	349.1		$	9,633.1

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⁽¹⁾	Includes goodwill related to the acquisition of Meda and the Topicals Business totaling $3.68 billion and $307.3 million, respectively.

Components of Intangible Assets

Intangible assets consist of the following components at September 30, 2016 and December 31, 2015:



(In millions)	Weighted Average Life (Years)	Original Cost		Accumulated Amortization		Net Book Value
September 30, 2016
Amortized intangible assets:
Product rights and licenses	15	$	17,867.4	$	3,434.0	$	14,433.4
Patents and technologies	20	116.6		107.3		9.3
Other⁽¹⁾	6	492.5		311.4		181.1
		18,476.5		3,852.7		14,623.8
In-process research and development		989.6		—		989.6
		$	19,466.1	$	3,852.7	$	15,613.4
December 31, 2015
Amortized intangible assets:
Product rights and licenses	11	$	8,848.6	$	2,652.7	$	6,195.9
Patents and technologies	20	116.6		103.8		12.8
Other ⁽¹⁾	6	465.3		189.8		275.5
		9,430.5		2,946.3		6,484.2
In-process research and development		737.7		—		737.7
		$	10,168.2	$	2,946.3	$	7,221.9

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⁽¹⁾	Other intangible assets consist principally of customer lists, contractual rights and other contracts.

Finite-lived Intangible Assets Amortization Expense [Table Text Block]



	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(In millions)	2016		2015		2016		2015
Amortization expense	$	364.3	$	214.3	$	852.9	$	559.8

Expected Amortization Expense

Inclusive of the impact from the acquisitions of Meda and the Topicals Business, amortization expense over the remainder of 2016 and for years ended December 31, 2017 through 2020 is estimated to be as follows:



(In millions)
2016	$	362
2017	1,307
2018	1,254
2019	1,161
2020	1,041