ACQUISITION ACQUISITION - ALLOCATION OF PURCHASE PRICE (Tables)

12 Months Ended

Jun. 30, 2020

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

Amounts in millions	November 30, 2018
Current assets	$	421
Property, plant and equipment	119
Intangible assets	2,134
Goodwill	2,083
Other non-current assets	209
Total Assets Acquired	$	4,966
Current liabilities	$	232
Deferred income taxes	763
Non-current liabilities	94
Total Liabilities Acquired	$	1,089
Noncontrolling Interest (1)	$	169
Net Assets Acquired	$	3,708

⁽¹⁾Represents a 48% minority ownership interest in the Merck India company.

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]

The purchase price allocation to Merck OTC's identifiable intangible assets and their average useful lives is as follows:

Amounts in millions	Fair Value		Average Useful Life
Intangible Assets with Determinable Lives
Brands	$	701	14
Patents and technology	162		10
Customer relationships	325		20
Total	$	1,188	15
Intangible Assets with Indefinite Lives
Brands	946
Total Intangible Assets	$	2,134