Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in the carrying amount of goodwill for the three months ended March 31, 2022 are as follows:


(In millions)	Developed Markets		Greater China		JANZ		Emerging Markets		Total
Balance at December 31, 2021:
Goodwill	$	9,108.4	$	969.5	$	776.3	$	1,644.5	$	12,498.7
Accumulated impairment losses	(385.0)		—		—		—		(385.0)
	8,723.4		969.5		776.3		1,644.5		12,113.7
Reclassification to assets held for sale	(762.0)		(3.0)		(37.0)		(151.0)		(953.0)
Foreign currency translation	(172.2)		0.7		(0.4)		(10.0)		(181.9)
	$	7,789.2	$	967.2	$	738.9	$	1,483.5	$	10,978.8
Balance at March 31, 2022:
Goodwill	$	8,174.2	$	967.2	$	738.9	$	1,483.5	$	11,363.8
Accumulated impairment losses	(385.0)		—		—		—		(385.0)
	$	7,789.2	$	967.2	$	738.9	$	1,483.5	$	10,978.8

Components of Intangible Assets

Intangible assets consist of the following components at March 31, 2022 and December 31, 2021:


(In millions)	Weighted Average Life (Years)	Original Cost		Accumulated Amortization		Net Book Value
March 31, 2022
Product rights, licenses and other (1)	15	$	38,550.7	$	13,344.6	$	25,206.1
In-process research and development		45.7		—		45.7
		$	38,596.4	$	13,344.6	$	25,251.8
December 31, 2021
Product rights, licenses and other (1)	15	$	39,006.2	$	12,918.5	$	26,087.7
In-process research and development		46.5		—		46.5
		$	39,052.7	$	12,918.5	$	26,134.2

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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)		2022		2021
Intangible asset amortization expense		$	648.1	$	684.4
Intangible asset impairment charges		—		83.4

Total intangible asset amortization expense (including impairment charges)		$	648.1	$	767.8

Expected Amortization Expense

Intangible asset amortization expense over the remainder of 2022 and for the years ending December 31, 2023 through 2026 is estimated to be as follows:


(In millions)
2022	$	1,916
2023	2,392
2024	2,295
2025	2,198
2026	2,141