Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2022

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, 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 (1)	(727.3)		(2.7)		(31.1)		(150.7)		(911.8)
Foreign currency translation	(956.0)		(31.2)		(94.5)		(65.6)		(1,147.3)
	$	7,040.1	$	935.6	$	650.7	$	1,428.2	$	10,054.6
Balance at September 30, 2022:
Goodwill	$	7,425.1	$	935.6	$	650.7	$	1,428.2	$	10,439.6
Accumulated impairment losses	(385.0)		—		—		—		(385.0)
	$	7,040.1	$	935.6	$	650.7	$	1,428.2	$	10,054.6

Components of Intangible Assets

Intangible assets consist of the following components at September 30, 2022 and December 31, 2021:

(In millions)	Weighted Average Life (Years)	Original Cost		Accumulated Amortization		Net Book Value
September 30, 2022
Product rights, licenses and other (1)	15	$	36,450.6	$	13,479.8	$	22,970.8
In-process research and development		42.5		—		42.5
		$	36,493.1	$	13,479.8	$	23,013.3
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				Nine Months Ended
	September 30,				September 30,
(In millions)	2022		2021		2022		2021
Intangible asset amortization expense	$	615.9	$	671.5	$	1,898.1	$	2,037.5
Intangible asset impairment charges	—		—		—		83.4
Total intangible asset amortization expense (including impairment charges)	$	615.9	$	671.5	$	1,898.1	$	2,120.9

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	$	609
2023	2,280
2024	2,190
2025	2,097
2026	2,049