XML 103 R87.htm IDEA: XBRL DOCUMENT v3.24.4
Income Taxes - Schedule Of Deferred Tax Assets (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Deferred tax assets:    
Intangible assets $ 377.5 $ 420.9
Capitalized research and development expenditures 468.6 306.4
Research and development credits 240.3 193.2
Share-based compensation expense 155.3 135.1
Swiss tax credits 107.4 122.4
Expenses deducted in later years for tax purposes 67.4 55.9
Lease liabilities 23.0 16.5
Net operating losses 4.5 2.8
Net unrealized losses on available-for-sale securities and other 11.3 9.2
Gross deferred tax assets 1,455.3 1,262.4
Valuation allowance (314.8) (269.8)
Deferred tax assets 1,140.5 992.6
Deferred tax liabilities:    
Property, plant, and equipment (65.7) (60.3)
Right-of-use assets (18.9) (11.8)
Intangible assets (8.5) (9.8)
Other (2.3) (0.2)
Deferred tax liabilities (95.4) (82.1)
Net deferred tax assets $ 1,045.1 $ 910.5