Criteria:  Please see https://drive.google.com/drive/folders/1WD618wrywYjEaXzfLTcuK-VCcnb6b-gV for full code and algorithm definitions.  Eligible cohort entry dates:  Budesonide-formoterol was approved by FDA on July 21, 2006 for management of asthma. The initial eligible cohort entry date was the first date after July 21, 2006 for both the databases investigated (IBM MarketScan, Optum CDM). The last date eligible as cohort entry date was the end of available data for IBM MarketScan and Optum CDM. The following eligible cohort entry dates were included:  IBM MarketScan: July 21, 2006 - December 31, 2018 (end of available data) Optum CDM: July 21, 2006 - June 30, 2020 (end of available data)  Inclusion Criteria:  ≥12 years of age Documented clinical diagnosis of asthma for ≥1 year prior to randomization History of at least one asthma exacerbation in the previous year (but none in the 4 weeks prior to randomization. An asthma exacerbation was defined as an event requiring treatment with systemic corticosteroids or requiring hospitalization (i.e. an inpatient stay or >24-hour stay in the observation area of an emergency room or local equivalent)  Receiving either:  A stable dose of ICS alone or in combination with a LABA, leukotriene receptor antagonist or other maintenance therapy/therapies for ≥4 weeks prior to randomization (any patient maintained on a stable high-dose ICS with or without a LABA or LTRA or other maintenance therapy/therapies was required to have an ACQ6 total score of <1.5 at screening) OR A stable dose of LTRA or xanthine monotherapy (for ≥4 weeks prior to randomization) or daily SABA (in the 4 weeks before randomization but ≤8 puffs a day on two consecutive days, or ≥25 puffs in one day, in the 7 days prior to screening). Patients on LTRAs, xanthines, or daily SABA, were eligible only if they recorded an ACQ6 total score of ≥1.5, and in the investigator's clinical judgment, the patient's asthma severity could have justified treatment with ICS or ICS/LABA combination  Exclusion Criteria:  A history of life-threatening asthma (defined as an asthma episode that required intubation and/or was associated with hypercapnia requiring non-invasive ventilatory support)  One of the following:  Any asthma exacerbation requiring systemic corticosteroids within 4 weeks prior to randomization OR >4 separate exacerbations OR >2 hospitalizations (an inpatient stay or >24- hour stay in the observation area of an emergency room or local equivalent) due to asthma in the previous year Received systemic corticosteroids for any reason in the 4 weeks prior to randomization Had an ongoing asthma exacerbation requiring systemic corticosteroids Concurrent respiratory disease (chronic obstructive pulmonary disease, chronic bronchitis, emphysema, idiopathic pulmonary fibrosis, bronchiectasis, and/or any pulmonary disease) A smoking history of >10 pack-years Respiratory infection or other viral/bacterial illness Pregnancy (current/planned) and lactation Malignancy (with the exception of basal cell carcinoma) within the 5 years prior to study commencement Omalizumab or any other monoclonal/polyclonal antibody use in the 6 months prior to randomization Concomitant β-blocker use Drug/alcohol abuse