Intangible Assets and Goodwill (Tables)

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible assets

Intangible assets, net of accumulated amortization, impairment charges and adjustments are summarized as follows:

		As of September 30, 2023						As of December 31, 2022
(In millions)	Estimated Life	Cost		Accumulated Amortization		Net		Cost		Accumulated Amortization		Net
Completed technology	4-28 years	$	11,053.8	$	(5,793.2)	$	5,260.6	$	7,415.3	$	(5,629.2)	$	1,786.1
In-process research and development	Indefinite until commercialization	1,920.0		—		1,920.0		—		—		—
Priority review voucher	Indefinite	100.0		—		100.0		—		—		—
Trademarks and trade names	Indefinite	64.0		—		64.0		64.0		—		64.0
Total intangible assets		$	13,137.8	$	(5,793.2)	$	7,344.6	$	7,479.3	$	(5,629.2)	$	1,850.1

Estimated future amortization for acquired intangible assets

The estimated future amortization of finite-lived intangible assets for the next five years is expected to be as follows:

(In millions)	As of September 30, 2023
2023 (remaining three months)	$	75.0
2024	325.0
2025	430.0
2026	440.0
2027	435.0
2028	445.0

Summary of roll forward of the changes in goodwill

The following table provides a roll forward of the changes in our goodwill balance:

(In millions)	As of September 30, 2023
Goodwill, December 31, 2022	$	5,749.0
Goodwill resulting from Reata acquisition	1,057.3
Other	1.2
Goodwill, September 30, 2023	$	6,807.5