XML 59 R49.htm IDEA: XBRL DOCUMENT v3.20.2
Acquisitions, Collaborations and Other Arrangements (Details)
$ / shares in Units, shares in Millions, $ in Millions
1 Months Ended 3 Months Ended 9 Months Ended
Oct. 23, 2020
USD ($)
Sep. 24, 2020
USD ($)
$ / shares
Aug. 25, 2020
USD ($)
Aug. 17, 2020
USD ($)
program
Jul. 13, 2020
USD ($)
shares
Apr. 07, 2020
USD ($)
$ / shares
Oct. 31, 2020
USD ($)
Aug. 31, 2019
USD ($)
shares
Sep. 30, 2020
USD ($)
Jun. 30, 2020
USD ($)
Sep. 30, 2019
USD ($)
Sep. 30, 2020
USD ($)
Sep. 30, 2019
USD ($)
Oct. 31, 2020
€ / shares
Jul. 17, 2020
agreement
Jul. 13, 2020
€ / shares
Jun. 19, 2020
agreement
May 29, 2020
USD ($)
shares
Dec. 31, 2019
USD ($)
Aug. 31, 2019
€ / shares
Jul. 31, 2018
USD ($)
Acquisition, Collaborations and Other Arrangements [Line Items]                                          
Acquired in-process research and development expenses                 $ 1,171   $ 3,960 $ 5,792 $ 4,251                
Stock-based compensation expense                       482 479                
Payments to acquire in process research and development                       5,804 4,251                
Prepaid and other current assets                 2,030     2,030             $ 1,440    
Net unrealized loss on investment of equity securities                 964     1,046                  
Arcus                                          
Acquisition, Collaborations and Other Arrangements [Line Items]                                          
Equity securities owned (in shares) | shares                                   2.2      
Equity securities in offering                                   $ 61      
Pionyr                                          
Acquisition, Collaborations and Other Arrangements [Line Items]                                          
Number of agreements | agreement                                 2        
Equity method investment, ownership percentage                                 49.90%        
Tizona                                          
Acquisition, Collaborations and Other Arrangements [Line Items]                                          
Number of agreements | agreement                             2            
Equity method investment, ownership percentage                             49.90%            
the “Collaboration Agreement" and the “Stock Purchase Agreements” | Arcus                                          
Acquisition, Collaborations and Other Arrangements [Line Items]                                          
Noncontrolling interest, ownership percentage by noncontrolling owners         13.00%                                
the “Collaboration Agreement" and the “Stock Purchase Agreements” | Arcus                                          
Acquisition, Collaborations and Other Arrangements [Line Items]                                          
Share price (usd per share) | € / shares                               € 22.67          
Acquired in-process research and development expenses         $ 256       100                        
Equity securities owned (in shares) | shares         8.2                                
Equity securities in offering         $ 200                                
Payments to acquire in process research and development         175                                
Total upfront payments made         $ 391                                
Additional equity securities owned (in shares) | shares         6.0                                
Equity investment                 135     135                  
Issuance discount (premium)         $ (65)                                
Payments for direct transactional costs         16                                
Additional option fee on second anniversary         100                                
Additional option fee on 4th, 6th, and 8th anniversaries         $ 100                                
Collaborative term         10 years                                
the “Collaboration Agreement" | Arcus                                          
Acquisition, Collaborations and Other Arrangements [Line Items]                                          
Future maximum milestone payments         $ 1,200                                
the “Stock Purchase Agreements” | Arcus                                          
Acquisition, Collaborations and Other Arrangements [Line Items]                                          
Purchase period         5 years                                
Maximum percentage of outstanding stock allowed to be purchased         35.00%                                
Restriction period         3 years                                
the "Pionyr Merger and Option Agreements" | Pionyr                                          
Acquisition, Collaborations and Other Arrangements [Line Items]                                          
Acquired in-process research and development expenses                 215                        
Payments to acquire equity method investments         $ 269                                
Additional payable accrued         6                                
Estimated fair value to acquire equity method investment         70                                
Option exercise fee         315                                
Potential future maximum milestone payments         1,200                                
Research and Development Service Agreement | Pionyr                                          
Acquisition, Collaborations and Other Arrangements [Line Items]                                          
Acquired in-process research and development expenses                 80                        
Potential maximum future milestone payments         $ 115                                
the "Tizona Merger and Option Agreements" | Tizona                                          
Acquisition, Collaborations and Other Arrangements [Line Items]                                          
Acquired in-process research and development expenses                 272                        
Payments to acquire equity method investments     $ 302                                    
Estimated fair value to acquire equity method investment     41                                    
Option fee and potential future milestone payments     $ 1,300                                    
Development Agreement | Tizona                                          
Acquisition, Collaborations and Other Arrangements [Line Items]                                          
Acquired in-process research and development expenses                 115                        
the “Collaboration and Stock Purchase Agreements” | Tango                                          
Acquisition, Collaborations and Other Arrangements [Line Items]                                          
Noncontrolling interest, ownership percentage by noncontrolling owners       7.00%                                  
the “Collaboration and Stock Purchase Agreements” | Tango                                          
Acquisition, Collaborations and Other Arrangements [Line Items]                                          
Acquired in-process research and development expenses                 125                        
Payments to acquire in process research and development       $ 125                                  
Collaborative term       7 years                                  
Opt-in, extension and milestone payments       $ 410                                  
Number of programs | program       15                                  
Cash payments made related to equity investments       $ 20                                  
the "Collaboration Agreement" and "Subscription Agreement" | Galapagos                                          
Acquisition, Collaborations and Other Arrangements [Line Items]                                          
Share price (usd per share) | € / shares                                       € 140.59  
Acquired in-process research and development expenses               $ 3,900                          
Equity securities owned (in shares) | shares               13.6                          
Additional equity securities owned (in shares) | shares               6.8                          
Issuance discount (premium)               $ 63                          
License and option rights paid upon closing               $ 5,100                          
Equity method investment, ownership percentage               22.00%                          
Equity method investment               $ 1,100                          
Prepaid and other current assets                 505     505                  
Net unrealized loss on investment of equity securities                 923                        
Gadeta Collaboration Arrangement                                          
Acquisition, Collaborations and Other Arrangements [Line Items]                                          
Noncontrolling interest in VIE                 82     82                 $ 82
Other Arrangements                                          
Acquisition, Collaborations and Other Arrangements [Line Items]                                          
Upfront collaboration expenses related to other collaborative arrangements                 7   40 129 331                
Cash payments made related to equity investments                 $ 36   $ 15 $ 61 $ 119                
Subsequent Event | the "License and Stock Purchase Agreement" | Jounce                                          
Acquisition, Collaborations and Other Arrangements [Line Items]                                          
Noncontrolling interest, ownership percentage by noncontrolling owners             14.00%                            
Subsequent Event | the "License and Stock Purchase Agreement" | Jounce                                          
Acquisition, Collaborations and Other Arrangements [Line Items]                                          
Share price (usd per share) | € / shares                           € 10.06              
Total upfront payments made             $ 120                            
Potential maximum future milestone payments             685                            
Cash payments made related to equity investments             $ 56                            
Subsequent Event | Three-Year Senior Term Loan Facility | Medium-term Notes                                          
Acquisition, Collaborations and Other Arrangements [Line Items]                                          
Borrowing from senior unsecured term loan facility $ 1,000                                        
Immunomedics                                          
Acquisition, Collaborations and Other Arrangements [Line Items]                                          
Acquisition consideration transferred   $ 21,000                                      
Acquisition share price (usd per share) | $ / shares   $ 88.00                                      
Forty Seven                                          
Acquisition, Collaborations and Other Arrangements [Line Items]                                          
Share price (usd per share) | $ / shares           $ 95.50                              
Total consideration, net of acquired cash           $ 4,700                              
Acquired in-process research and development expenses           4,500                              
Assets acquired, net of cash           $ 202                              
Stock-based compensation expense                   $ 144