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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash Flows from Operating Activities      
Net income $ 6,244.8 $ 5,581.7 $ 6,193.7
Adjustments to Reconcile Net Income to Cash Flows from Operating Activities:      
Depreciation and amortization 1,522.5 1,547.6 1,323.9
Debt extinguishment loss (Note 11) 0.0 405.2 0.0
Change in deferred income taxes (2,185.2) (802.3) (134.5)
Stock-based compensation expense 371.1 342.8 308.1
Net investment (gains) losses 420.0 (178.0) (1,438.5)
Acquired in-process research and development and development milestones (Note 3) 420.9 874.9 660.4
Other non-cash operating activities, net 304.8 511.4 333.9
Other changes in operating assets and liabilities, net of acquisitions and divestitures:      
Receivables—(increase) decrease (299.6) (1,278.3) (1,350.2)
Inventories—(increase) decrease (599.7) (235.9) (533.4)
Other assets—(increase) decrease (793.5) 1,515.4 (457.1)
Income taxes payable—increase (decrease) 346.6 (359.7) 322.0
Accounts payable and other liabilities—increase (decrease) 1,331.7 (664.1) 1,271.3
Net Cash Provided by Operating Activities 7,084.4 7,260.7 6,499.6
Cash Flows from Investing Activities      
Purchases of property and equipment (1,854.3) (1,309.8) (1,387.9)
Proceeds from sales and maturities of short-term investments 121.4 47.4 129.7
Purchases of short-term investments (107.4) (83.5) (11.4)
Proceeds from sales of noncurrent investments 342.2 800.0 757.1
Purchases of noncurrent investments (600.2) (929.9) (358.7)
Purchases of in-process research and development (629.7) (563.4) (641.2)
Cash paid for acquisitions, net of cash acquired (Note 3) (327.2) (747.4) (849.3)
Other investing activities, net (206.4) 24.3 102.8
Net Cash Used for Investing Activities (3,261.6) (2,762.3) (2,258.9)
Cash Flows from Financing Activities      
Dividends paid (3,535.8) (3,086.8) (2,687.1)
Net change in short-term borrowings 1,498.0 (4.0) (1,494.2)
Proceeds from issuance of long-term debt 0.0 2,410.8 2,062.3
Repayments of long-term debt (1,560.0) (1,905.4) (276.5)
Purchases of common stock (1,500.0) (1,250.0) (500.0)
Other financing activities, net (308.9) (295.9) (241.6)
Net Cash Used for Financing Activities (5,406.7) (4,131.3) (3,137.1)
Effect of exchange rate changes on cash and cash equivalents (167.6) (205.7) 216.0
Net increase (decrease) in cash and cash equivalents (1,751.5) 161.4 1,319.6
Cash and cash equivalents at beginning of year 3,818.5 3,657.1 2,337.5
Cash and Cash Equivalents at End of Year $ 2,067.0 $ 3,818.5 $ 3,657.1