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FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Dec. 31, 2018
Fair Value Disclosures [Abstract]  
Schedule of components and classification of financial assets and liabilities measured at fair value on a recurring basis
The following fair value hierarchy table presents the components and classification of the Company’s financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2018 and 2017:
 
 
2018
 
2017
 (in millions)
 
Carrying
Value
 
Quoted
Prices
in Active
Markets for
Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Carrying
Value
 
Quoted
Prices
in Active
Markets for
Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash equivalents
 
$
197

 
$
166

 
$
31

 
$
—

 
$
265

 
$
230

 
$
35

 
$
—

Restricted cash
 
$
2

 
$
2

 
$
—

 
$
—

 
$
77

 
$
77

 
$
—

 
$
—

Liabilities:
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
Acquisition-related contingent consideration
 
$
339

 
$
—

 
$
—

 
$
339

 
$
387

 
$
—

 
$
—

 
$
387
Schedule of reconciliation of contingent consideration obligations measured on a recurring basis using significant unobservable inputs
The following table presents a reconciliation of contingent consideration obligations measured on a recurring basis using significant unobservable inputs (Level 3) for 2018 and 2017:
(in millions)
 
2018
 
2017
Beginning balance, January 1,
 
 
 
$
387

 
 
 
$
892

Adjustments to Acquisition-related contingent consideration:
 
 
 
 
 
 
 
 
Accretion for the time value of money
 
$
24

 
 
 
$
54

 
 
Fair value adjustments to the expected future royalty payments for Addyi®
 
—

 
 
 
(312
)
 
 
Fair value adjustments due to changes in estimates of other future payments
 
(33
)
 
 
 
(31
)
 
 
Acquisition-related contingent consideration adjustments
 
 
 
(9
)
 
 
 
(289
)
Reclassified to liabilities held for sale and subsequently disposed
 
 
 
—

 
 
 
(168
)
Payments / Settlements
 
 
 
(39
)
 
 
 
(49
)
Foreign currency translation adjustment included in other comprehensive loss
 
 
 
—

 
 
 
1

Ending balance, December 31,
 
 
 
339

 
 
 
387

Current portion
 
 
 
41

 
 
 
43

Non-current portion
 
 
 
$
298

 
 
 
$
344