v3.26.1
Intangible Assets and Goodwill (Tables)
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Intangible assets
Intangible assets, net of accumulated amortization, impairment charges and adjustments are summarized as follows:
  As of June 30, 2026As of December 31, 2025
(In millions)Estimated LifeCostAccumulated
Amortization		NetCostAccumulated
Amortization		Net
Completed technology
1-30 years
$18,708.8 $(6,992.4)$11,716.4 $14,067.3 $(6,687.8)$7,379.5 
In-process research and developmentIndefinite until commercialization1,636.0 — 1,636.0 1,635.0 — 1,635.0 
Priority review voucherIndefinite100.0 — 100.0 100.0 — 100.0 
Trademarks and trade namesIndefinite64.0 — 64.0 64.0 — 64.0 
Total intangible assets$20,508.8 $(6,992.4)$13,516.4 $15,866.3 $(6,687.8)$9,178.5 
Estimated future amortization for acquired intangible assets
The estimated future amortization of finite-lived intangible assets for the next five years is expected to be as follows:
(In millions)As of June 30, 2026
2026 (remaining six months)$345.0 
2027665.0 
2028735.0 
2029815.0 
2030925.0 
20311,025.0 
Summary of roll forward of the changes in goodwill
The following table provides a rollforward of the changes in our goodwill balance:
(In millions)As of June 30, 2026
Goodwill, December 31, 2025$6,491.1 
Goodwill resulting from Apellis acquisition501.5 
Other(1)
(1.8)
Goodwill, June 30, 2026$6,990.8 
(1) Other includes adjustments related to foreign currency exchange rate fluctuations.
For additional information on our acquisition of Apellis, please read Note 2, Acquisitions, to these condensed consolidated financial statements.