XML 116 R91.htm IDEA: XBRL DOCUMENT v3.20.4
Income Taxes (Schedule of Deferred Tax Asset and Liabilities) (Details) - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Deferred tax assets:    
Purchases of intangible assets $ 2,560.6 $ 2,512.4
Compensation and benefits 1,045.6 934.3
Tax credit carryforwards and carrybacks 523.5 455.8
Tax loss carryforwards and carrybacks 488.3 318.8
Sales rebates and discounts 461.3 197.3
Correlative tax adjustments 404.2 219.1
Foreign tax redeterminations 242.8 156.8
Operating lease liabilities 150.7 140.6
Capitalized research and development 135.2 75.7
Other 605.8 595.7
Total gross deferred tax assets 6,618.0 5,606.5
Valuation allowances (816.3) (616.5)
Total deferred tax assets 5,801.7 4,990.0
Deferred tax liabilities:    
Earnings of foreign subsidiaries (1,905.3) (1,776.4)
Intangibles (1,465.7) (1,298.0)
Inventories (623.7) (686.4)
Prepaid employee benefits (410.1) (305.9)
Property and equipment (315.2) (274.1)
Financial instruments (216.9) (139.4)
Operating lease assets (134.3) (124.7)
Total deferred tax liabilities (5,071.2) (4,604.9)
Deferred tax assets, net $ 730.5 $ 385.1