v3.20.1
Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of changes in the carrying amount of goodwill
The following table summarizes the changes in the carrying amount of goodwill:
(in millions)
 
Balance as of December 31, 2019
$
15,604

Foreign currency translation adjustments
(43
)
Balance as of March 31, 2020
$
15,561


Summary of definite-lived intangible assets
The following table summarizes intangible assets:
 
March 31, 2020
 
December 31, 2019
(in millions)
Gross
carrying
amount
 
Accumulated
amortization
 
Net
carrying
amount
 
Gross
carrying
amount
 
Accumulated
amortization
 
Net
carrying
amount
Definite-lived intangible assets
 
 
 
 
 
 
 
 
 
 
 
Developed product rights
$
19,538

 
$
(6,687
)
 
$
12,851

 
$
19,547

 
$
(6,405
)
 
$
13,142

License agreements
7,798

 
(2,446
)
 
5,352

 
7,798

 
(2,291
)
 
5,507

Total intangible assets, net
$
27,336

 
$
(9,133
)
 
$
18,203

 
$
27,345

 
$
(8,696
)
 
$
18,649


Summary of indefinite-lived intangible assets
The following table summarizes intangible assets:
 
March 31, 2020
 
December 31, 2019
(in millions)
Gross
carrying
amount
 
Accumulated
amortization
 
Net
carrying
amount
 
Gross
carrying
amount
 
Accumulated
amortization
 
Net
carrying
amount
Definite-lived intangible assets
 
 
 
 
 
 
 
 
 
 
 
Developed product rights
$
19,538

 
$
(6,687
)
 
$
12,851

 
$
19,547

 
$
(6,405
)
 
$
13,142

License agreements
7,798

 
(2,446
)
 
5,352

 
7,798

 
(2,291
)
 
5,507

Total intangible assets, net
$
27,336

 
$
(9,133
)
 
$
18,203

 
$
27,345

 
$
(8,696
)
 
$
18,649