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Inventories

3 Months Ended

Mar. 31, 2025

Inventory Disclosure [Abstract]

Inventories

Inventories

The following table summarizes components of inventories:

			March 31, 2025						December 31, 2024
Finished products			$	1,298.2					$	1,220.8
Work in process			5,296.3						3,979.5
Raw materials and supplies			2,687.2						2,326.0
Total (approximates replacement cost)			9,281.7						7,526.3
Increase to last-in, first-out (LIFO) cost			29.3						62.9
Inventories			$	9,311.0					$	7,589.2

When we believe that future commercialization is probable and the future economic benefit is expected to be realized, we capitalize pre-launch inventory prior to regulatory approval. A number of factors are considered, including the current status in the regulatory approval process, potential impediments to the approval process such as safety or efficacy, viability of commercialization, and marketplace trends. Pre-launch inventories capitalized as of March 31, 2025 and December 31, 2024 were $601.4 million and $548.1 million, respectively, primarily related to orforglipron.

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- Definition

The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.

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Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 330
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/330/tableOfContent

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