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Goodwill and Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in Carrying Amount of Goodwill
The changes in the carrying amount of goodwill for the nine months ended September 30, 2019 are as follows:
(In millions)
North America Segment
 
Europe Segment
 
Rest of World Segment
 
Total
Balance at December 31, 2018:
 
 
 
 
 
 
 
Goodwill
$
3,892.9

 
$
4,657.4

 
$
1,582.5

 
$
10,132.8

Accumulated impairment losses
(385.0
)
 
—

 
—

 
(385.0
)
 
3,507.9

 
4,657.4

 
1,582.5

 
9,747.8

Reclassifications (1)
(165.7
)
 
25.2

 
140.5

 
—

Foreign currency translation
(59.6
)
 
(283.9
)
 
(17.2
)
 
(360.7
)
 
$
3,282.6

 
$
4,398.7

 
$
1,705.8

 
$
9,387.1

Balance at September 30, 2019:
 
 
 
 
 
 
 
Goodwill
$
3,667.6

 
$
4,398.7

 
$
1,705.8

 
$
9,772.1

Accumulated impairment losses
(385.0
)
 
—

 
—

 
(385.0
)
 
$
3,282.6

 
$
4,398.7

 
$
1,705.8

 
$
9,387.1
Components of Intangible Assets
Intangible assets consist of the following components at September 30, 2019 and December 31, 2018:
(In millions)
Weighted Average Life (Years)
 
Original Cost
 
Accumulated Amortization
 
Net Book Value
September 30, 2019
 
 
 
 
 
 
 
Product rights, licenses and other (1)
15
 
$
19,726.8

 
$
8,141.4

 
$
11,585.4

In-process research and development
 
 
238.9

 
—

 
238.9

 
 
 
$
19,965.7

 
$
8,141.4

 
$
11,824.3

December 31, 2018
 
 
 
 
 
 
 
Product rights, licenses and other (1)
15
 
$
20,264.1

 
$
7,225.1

 
$
13,039.0

In-process research and development
 
 
625.6

 
—

 
625.6

 
 
 
$
20,889.7

 
$
7,225.1

 
$
13,664.6

____________
(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
 
Nine Months Ended
 
September 30,
 
September 30,
(In millions)
2019
 
2018
 
2019
 
2018
Intangible asset amortization expense
$
405.6

 
$
412.2

 
$
1,210.3

 
$
1,191.9

IPR&D intangible asset impairment charges
—

 
15.5

 
29.5

 
87.5

Finite-lived intangible asset impairment charges
1.9

 
—

 
42.3

 
—

Total intangible asset amortization expense (including impairment charges)
$
407.5

 
$
427.7

 
$
1,282.1

 
$
1,279.4
Expected Amortization Expense
Intangible asset amortization expense over the remainder of 2019 and for the years ended December 31, 2020 through 2023 is estimated to be as follows (excludes the potential impact of the Upjohn transaction):
(In millions)
 
2019
$
368

2020
1,410

2021
1,333

2022
1,265

2023
1,104