Goodwill and Other Intangible Assets

9 Months Ended

Mar. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

4. Goodwill and Other Intangible Assets

Goodwill

The following table summarizes the changes in the carrying amount of goodwill by segment and in total:

(in millions)	Pharmaceutical			Medical			Total
Balance at June 30, 2018	$	2,621		$	5,695		$	8,316
Goodwill acquired, net of purchase price adjustments	19			7			26
Foreign currency translation adjustments and other	(3		)	(9		)	(12		)
Balance at March 31, 2019	$	2,637		$	5,693		$	8,330

Other Intangible Assets

The following tables summarize other intangible assets by class at:

	March 31, 2019
(in millions)	Gross Intangible		Accumulated Amortization		Net Intangible		Weighted- Average Remaining Amortization Period (Years)
Indefinite-life intangibles:
IPR&D, trademarks and other	$	59	$	—	$	59	N/A
Total indefinite-life intangibles	59		—		59		N/A
Definite-life intangibles:
Customer relationships	3,528		1,432		2,096		14
Trademarks, trade names and patents	669		283		386		14
Developed technology and other	1,563		574		989		12
Total definite-life intangibles	5,760		2,289		3,471		14
Total other intangible assets	$	5,819	$	2,289	$	3,530	N/A

	June 30, 2018
(in millions)	Gross Intangible		Accumulated Amortization		Net Intangible
Indefinite-life intangibles:
IPR&D, trademarks and other	$	62	$	—	$	62
Total indefinite-life intangibles	62		—		62
Definite-life intangibles:
Customer relationships	3,513		1,191		2,322
Trademarks, trade names and patents	667		246		421
Developed technology and other	1,562		454		1,108
Total definite-life intangibles	5,742		1,891		3,851
Total other intangible assets	$	5,804	$	1,891	$	3,913

Total amortization of intangible assets was $133 million and $148 million for the three months ended March 31, 2019 and 2018, respectively, and $399 million and $435 million for the nine months ended March 31, 2019 and 2018, respectively. For acquisitions closed on or before March 31, 2019, estimated annual amortization of intangible assets for the remainder of fiscal 2019 through 2023 is as follows: $133 million, $504 million, $436 million, $401 million and $351 million.