XML 44 R23.htm IDEA: XBRL DOCUMENT v2.4.0.8
Goodwill and Other Intangible Assets Goodwill (Tables)
9 Months Ended
Sep. 30, 2013
Goodwill [Line Items]  
Schedule of Goodwill [Table Text Block]
The following represents our goodwill balance by new global reportable segment. We restated the prior period information to conform to the current presentation:
(in millions)
 
Cardiovascular
 
Rhythm Management
 
MedSurg
 
Total
Balance as of December 31, 2012 (restated)
 
$
3,249

 
$
577

 
$
2,147

 
$
5,973

Purchase price adjustments
 
3

 

 

 
3

Goodwill acquired
 

 

 

 

Goodwill written off
 

 
(423
)
 

 
(423
)
Balance as of September 30, 2013
 
$
3,252

 
$
154

 
$
2,147

 
$
5,553

The following is a rollforward of accumulated goodwill write-offs by global reportable segment. We restated the prior period information to conform to the current period presentation:
(in millions)
Cardiovascular
 
Rhythm Management
 
MedSurg
 
Total
Accumulated write-offs as of December 31, 2012 (restated)
$
(1,479
)
 
$
(6,537
)
 
$
(1,461
)
 
$
(9,477
)
Goodwill written off

 
(423
)
 

 
(423
)
Accumulated write-offs as of September 30, 2013
$
(1,479
)
 
$
(6,960
)
 
$
(1,461
)
 
$
(9,900
)
Goodwill
The gross carrying amount of goodwill and other intangible assets and the related accumulated amortization for intangible assets subject to amortization and accumulated write-offs of goodwill as of September 30, 2013 and December 31, 2012 is as follows:
 
 
As of
 
 
September 30, 2013
 
December 31, 2012
 
 
Gross Carrying
 
Accumulated
Amortization/
 
Gross Carrying
 
Accumulated
Amortization/
(in millions)
 
Amount
 
Write-offs
 
Amount
 
Write-offs
Amortizable intangible assets
 
 
 
 
 
 
 
 
Technology-related
 
$
8,118

 
$
(3,254
)
 
$
8,020

 
$
(3,005
)
Patents
 
504

 
(322
)
 
559

 
(352
)
Other intangible assets
 
815

 
(465
)
 
810

 
(428
)
 
 
$
9,437

 
$
(4,041
)
 
$
9,389

 
$
(3,785
)
Unamortizable intangible assets
 
 
 
 
 
 
 
 
Goodwill
 
$
15,453

 
$
(9,900
)
 
$
15,450

 
$
(9,477
)
Technology-related
 
197

 

 
242

 

 
 
$
15,650

 
$
(9,900
)
 
$
15,692

 
$
(9,477
)
Impairment of Intangible Assets [Member]
 
Goodwill [Line Items]  
Description of unobservable inputs used in Level 3 fair value measurements [Table Text Block]
In-process research and development fair value is measured using projected revenues, projected expenses, discount rates, and
probability of expected launch. The nonrecurring Level 3 fair value measurements of the impairment analysis performed in the second quarter of 2013 included the following significant unobservable inputs:

Intangible Asset
Valuation Date
Fair Value
Valuation Technique
Unobservable Input
Rate
In-Process R&D
June 30, 2013
$178 million
Income Approach - Excess Earnings Method
Discount Rate
16.5%