XML 72 R36.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of goodwill
Changes in the carrying amount of goodwill, by reportable segment, were as follows (in millions):
 
CSCA
 
CSCI(1)
 
RX(2)
 
Total
Balance at December 31, 2017
$
1,847.4

 
$
1,205.7

 
$
1,122.3

 
$
4,175.4

Impairments
(136.7
)
 

 

 
(136.7
)
Currency translation adjustments
3.0

 
(54.4
)
 
(7.5
)
 
(58.9
)
Balance at December 31, 2018
1,713.7

 
1,151.3

 
1,114.8

 
3,979.8

Business divestitures
(42.2
)
 

 

 
(42.2
)
Business acquisitions
223.0

 
68.1

 

 
291.1

Impairments

 

 
(109.2
)
 
(109.2
)
Currency translation adjustments
4.6

 
(15.7
)
 
8.3

 
(2.8
)
Balance at December 31, 2019
$
1,899.1

 
$
1,203.7

 
$
1,013.9

 
$
4,116.7



(1) We had accumulated impairments of $868.4 million as of December 31, 2019 and December 31, 2018.
(2) We had accumulated impairments of $109.2 million as of December 31, 2019.

Schedule of finite and indefinite-lived intangible assets
Intangible assets and the related accumulated amortization consisted of the following (in millions):
 
Year Ended
 
December 31, 2019
 
December 31, 2018
 
Gross
 
Accumulated
Amortization
 
Gross
 
Accumulated
Amortization
Indefinite-lived intangibles:
 
 
 
 
 
 
 
Trademarks, trade names, and brands
$
18.8

 
$

 
$
18.1

 
$

In-process research and development
50.0

 

 
31.2

 

Total indefinite-lived intangibles
$
68.8

 
$

 
$
49.3

 
$

Definite-lived intangibles:
 
 
 
 
 
 
 
Distribution and license agreements and supply agreements
$
126.7

 
$
81.1

 
$
178.6

 
$
99.0

Developed product technology, formulations, and product rights
1,392.8

 
755.3

 
1,318.8

 
654.6

Customer relationships and distribution networks
1,805.6

 
671.4

 
1,586.6

 
566.5

Trademarks, trade names, and brands
1,353.5

 
250.1

 
1,282.4

 
188.5

Non-compete agreements
6.5

 
6.0

 
12.9

 
11.8

Total definite-lived intangibles
$
4,685.1

 
$
1,763.9

 
$
4,379.3

 
$
1,520.4

Total intangible assets
$
4,753.9

 
$
1,763.9

 
$
4,428.6

 
$
1,520.4


Schedule of remaining weighted-average useful lives of intangible assets
The remaining weighted-average useful life for our amortizable intangible assets by asset class at December 31, 2019 was as follows:
Amortizable Intangible Asset Category
 
Remaining Weighted-Average Useful Life (Years)
Distribution and license agreements and supply agreements
 
7
Developed product technology, formulations, and product rights
 
13
Customer relationships and distribution networks
 
17
Trademarks, trade names, and brands
 
16
Non-compete agreements
 
1

Schedule of finite-lived intangible assets, future amortization expense
Our estimated future amortization expense is as follows (in millions):
Year
 
Amount
2020
 
$
284.4

2021
 
255.5

2022
 
226.0

2023
 
211.9

2024
 
200.9

Thereafter
 
1,742.5