XML 45 R31.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2017
Income Tax Disclosure [Abstract] |
Schedule Of Income Before Provision For Income Taxes | Income before provision for income taxes for the years ended December 31, 2017, 2016, and 2015, consisted of the following (in millions):
| Years Ended December 31,
| 2017 |  | 2016 |  | 2015
U.S. | $ | 765.0 |  |  | $ | 653.0 |  |  | $ | 425.1 |
Foreign | 331.5 |  |  | 327.8 |  |  | 333.4 |
Total income before provision for income taxes | $ | 1,096.5 |  |  | $ | 980.8 |  |  | $ | 758.5 |
Schedule Of Provision For Income Taxes | The provision for income taxes for the years ended December 31, 2017, 2016, and 2015, consisted of the following (in millions):
| Years Ended December 31,
| 2017 |  | 2016 |  | 2015
Current |  |  |  |  |
Federal | $ | 352.1 |  |  | $ | 207.0 |  |  | $ | 148.7 |
State | 13.0 |  |  | 13.4 |  |  | 8.4 |
Foreign | 8.7 |  |  | 5.4 |  |  | 7.6 |
| $ | 373.8 |  |  | $ | 225.8 |  |  | $ | 164.7 |
Deferred |  |  |  |  |
Federal | $ | 65.5 |  |  | $ | 18.3 |  |  | $ | 7.5 |
State | (0.4 | ) |  | 0.6 |  |  | 0.5 |
Foreign | (2.4 | ) |  | 0.2 |  |  | (3.0 | )
| $ | 62.7 |  |  | $ | 19.1 |  |  | $ | 5.0 |
Total income tax expense | $ | 436.5 |  |  | $ | 244.9 |  |  | $ | 169.7 |
Schedule Of Income Tax Difference From The Statutory Rate | Income tax expense differs from amounts computed by applying the statutory federal income rate of 35% for the years ended December 31, 2017, 2016, and 2015, as a result of the following (in millions):
| Years Ended December 31,
| 2017 |  | 2016 |  | 2015
Federal tax at statutory rate | $ | 383.8 |  |  | $ | 343.3 |  |  | $ | 265.5 |
Increase (reduction) in tax resulting from: |  |  |  |  |
State taxes, net of federal benefits | 16.0 |  |  | 14.0 |  |  | 8.9 |
Foreign rate differential | (107.3 | ) |  | (86.2 | ) |  | (67.4 | )
Research and development credit | (15.3 | ) |  | (7.8 | ) |  | (6.4 | )
Share-based compensation not benefited | 10.8 |  |  | 3.6 |  |  | 6.9 |
Domestic production activities deduction | (7.9 | ) |  | (8.0 | ) |  | (5.3 | )
Reversal of unrecognized tax benefits | (62.4 | ) |  | (15.8 | ) |  | (6.4 | )
Reversal of share-based compensation from intercompany charges | — |  |  | — |  |  | (25.0 | )
Tax Cuts and Jobs Act impact | 317.8 |  |  | — |  |  | — |
Excess tax benefits | (102.8 | ) |  | — |  |  | — |
Other | 3.8 |  |  | 1.8 |  |  | (1.1 | )
Total income tax expense | $ | 436.5 |  |  | $ | 244.9 |  |  | $ | 169.7 |
Schedule Of Deferred Tax Assets | Deferred income taxes reflect tax carry forwards and the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting and the amounts used for income tax purposes. Significant components of the Company’s deferred tax assets and liabilities are as follows (in millions):
| December 31,
| 2017 |  | 2016
Deferred tax assets: |  |  |
Share-based compensation expense | $ | 79.1 |  |  | $ | 122.2 |
Expenses deducted in later years for tax purposes | 29.7 |  |  | 47.4 |
Research and other credits | 27.5 |  |  | 15.6 |
Other | 10.5 |  |  | 9.8 |
Gross deferred tax assets | $ | 146.8 |  |  | $ | 195.0 |
Valuation allowance | (29.4 | ) |  | (17.2 | )
Deferred tax assets | $ | 117.4 |  |  | $ | 177.8 |
Deferred tax liabilities: |  |  |
Fixed assets | $ | (26.3 | ) |  | $ | (25.2 | )
Intangible assets | (3.6 | ) |  | (2.3 | )
Other | (0.2 | ) |  | (0.2 | )
Deferred tax liabilities | $ | (30.1 | ) |  | $ | (27.7 | )
Net deferred tax assets | $ | 87.3 |  |  | $ | 150.1 |
Schedule Of Gross Unrecognized Income Tax Benefits | A reconciliation of the beginning and ending amounts of gross unrecognized income tax benefits for the years ended December 31, 2017, 2016, and 2015, are as follows (in millions):
| Years Ended December 31,
| 2017 |  | 2016 |  | 2015
Beginning balance | $ | 106.0 |  |  | $ | 92.4 |  |  | $ | 75.5 |
Increases related to tax positions taken during the current year | 21.1 |  |  | 29.9 |  |  | 28.9 |
Increases related to tax positions taken during a prior year | — |  |  | — |  |  | 0.3 |
Decreases related to tax positions taken during a prior year | (46.5 | ) |  | (0.5 | ) |  | — |
Decreases related to settlements with tax authorities | (0.5 | ) |  | — |  |  | (11.4 | )
Decreases related to expiration of statute of limitations | (14.7 | ) |  | (15.8 | ) |  | (0.9 | )
Ending balance | $ | 65.4 |  |  | $ | 106.0 |  |  | $ | 92.4 |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)(1)(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=96868398&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration