Goodwill

3 Months Ended

Mar. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill Disclosure

9.Goodwill

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

	2016	2015
	$’M	$’M
	____________	____________
As of January 1,	4,147.8	2,474.9
Acquisitions	2,729.5	1,732.7
Foreign currency translation	4.6	(28.9)
	____________	____________
As of March 31,	6,881.9	4,178.7
	____________	____________

The increase in goodwill during the three months ended March 31, 2016 was related to our acquisition of Dyax. For a more detailed description of this transaction, please see Note 2, Business Combinations, to these Unaudited Consolidated Financial Statements.