Goodwill

6 Months Ended

Jun. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill Disclosure

10.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	8,834.3	1,720.6
Foreign currency translation	(19.7)	(22.2)
	____________	____________
As of June 30,	12,962.4	4,173.3
	____________	____________

The increase in goodwill during the six months ended June 30, 2016 was related to our acquisitions of Baxalta andDyax. For a more detailed description of these transactions, please see Note 2, Business Combinations, to these Unaudited Consolidated Financial Statements.