Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in the carrying amount of goodwill for the three months ended March 31, 2021 are as follows:


(In millions)	Developed Markets		Greater China		JANZ		Emerging Markets		Total
Balance at December 31, 2020:
Goodwill	$	9,569.5	$	738.3	$	864.0	$	1,560.2	$	12,732.0
Accumulated impairment losses	(385.0)		—		—		—		(385.0)
	9,184.5		738.3		864.0		1,560.2		12,347.0
Measurement period adjustments	(49.1)		(45.4)		(15.1)		(37.0)		(146.6)
Foreign currency translation	(328.0)		5.4		(30.4)		59.9		(293.1)
	$	8,807.4	$	698.3	$	818.5	$	1,583.1	$	11,907.3
Balance at March 31, 2021:
Goodwill	$	9,192.4	$	698.3	$	818.5	$	1,583.1	$	12,292.3
Accumulated impairment losses	(385.0)		—		—		—		(385.0)
	$	8,807.4	$	698.3	$	818.5	$	1,583.1	$	11,907.3

Components of Intangible Assets

Intangible assets consist of the following components at March 31, 2021 and December 31, 2020:


(In millions)	Weighted Average Life (Years)	Original Cost		Accumulated Amortization		Net Book Value
March 31, 2021
Product rights, licenses and other (1)	15	$	39,648.8	$	11,239.9	$	28,408.9
In-process research and development		80.7		—		80.7
		$	39,729.5	$	11,239.9	$	28,489.6
December 31, 2020
Product rights, licenses and other (1)	15	$	40,404.1	$	10,801.6	$	29,602.5
In-process research and development		80.7		—		80.7
		$	40,484.8	$	10,801.6	$	29,683.2

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(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
	March 31,
(In millions)		2021		2020
Intangible asset amortization expense		$	684.4	$	351.2
Intangible asset impairment charges		83.4		—

Total intangible asset amortization expense (including impairment charges)		$	767.8	$	351.2

Expected Amortization Expense

Intangible asset amortization expense over the remainder of 2021 and for the years ended December 31, 2022 through 2025 is estimated to be as follows:


(In millions)
2021	$	2,001
2022	2,603
2023	2,442
2024	2,337
2025	2,244