XML 28 R27.htm IDEA: XBRL DOCUMENT v3.19.3
Goodwill and Other Intangible Assets, Net (Tables)
 9 Months Ended
Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The change in the Goodwill balances by segment for the nine months ended September 30, 2019 and for the year ended December 29, 2018 were as follows:
(In millions)
 
North America
 
Europe
 
APAC & Emerging Markets
 
Total
Balance at December 30, 2017 (a)
 
$
528

 
$
182

 
$
50

 
$
760

Foreign currency translation
 
(1
)
 
(11
)
 
(1
)
 
(13
)
Goodwill additions
 
2

 
1

 
—

 
3

Balance at December 29, 2018 (a)
 
529

 
172

 
49

 
750

Foreign currency translation
 
—

 
(8
)
 
(1
)
 
(9
)
Goodwill additions (b)
 
1,284

 
54

 
16

 
1,354

Goodwill impairment
 
(657
)
 
(218
)
 
(64
)
 
(939
)
Balance at September 30, 2019
 
$
1,156

 
$
—

 
$
—

 
$
1,156

 
 
 
 
 
 
 
 
 
Accumulated impairment at September 30, 2019
 
$
(657
)
 
$
(218
)
 
$
(64
)
 
$
(939
)
 
 
 
 
 
 
 
 
 
(a) Recast to conform to 2019 presentation

(b) Includes goodwill adjustment of $30 million related to Vets First Choice - see Note 3 - Business Acquisitions

Schedule of Finite-Lived Intangible Assets
The following table presents the balances within the consolidated and combined balance sheet as of:
(In millions)
September 30, 2019
 
December 29, 2018
Gross definite-lived intangible assets
$
1,007

 
$
449

Less: Accumulated amortization
(328
)
 
(241
)
Net definite-lived intangible assets
$
679

 
$
208
Finite-lived Intangible Assets Amortization Expense
The following table presents our amortization expense:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(In millions)
2019
 
2018
 
2019
 
2018
Amortization expense
$
34

 
$
12

 
$
93

 
$
37