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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating activities:      
Net income $ 2,337.5 $ 1,817.3 $ 1,344.4
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and loss on disposal of property, plant, and equipment, net 445.3 401.6 338.0
Amortization of intangible assets 16.7 20.2 27.8
Gain on sale of business (1.1) 0.0 (3.8)
(Gain) loss on investments and (accretion) amortization of investment discounts and premiums, net (43.3) 7.3 49.0
Deferred income taxes (135.3) (280.8) (185.3)
Share-based compensation expense 676.8 592.8 513.2
Amortization of contract acquisition assets 37.7 33.0 26.6
Changes in operating assets and liabilities, net of effects of acquisitions:      
Accounts receivable (95.9) (186.3) (159.3)
Inventory (830.0) (712.5) (546.6)
Prepaids and other assets (231.8) 24.2 (129.2)
Accounts payable (0.4) 41.7 21.3
Accrued compensation and employee benefits 99.3 34.8 51.5
Deferred revenue 31.2 53.4 21.5
Other liabilities 108.3 (32.9) 121.7
Net cash provided by operating activities 2,415.0 1,813.8 1,490.8
Investing activities:      
Purchases of investments (5,139.6) (2,207.4) (1,399.5)
Proceeds from sales of investments 100.2 230.3 61.1
Proceeds from maturities of investments 2,878.8 2,690.1 3,254.4
Purchase of property, plant, and equipment (1,111.2) (1,064.2) (532.4)
Acquisition of businesses, net of cash, and intellectual property and other investing activities 1.0 8.9 12.8
Net cash provided by (used in) investing activities (3,272.8) (360.1) 1,370.8
Financing activities:      
Proceeds from issuance of common stock relating to employee stock plans 429.4 296.3 233.8
Taxes paid related to net share settlement of equity awards (270.0) (164.7) (194.2)
Repurchase of common stock 0.0 (416.3) (2,607.4)
Cash dividends paid by joint venture to noncontrolling interest (8.0) 0.0 0.0
Payment of deferred purchase consideration (0.5) (2.9) (4.5)
Net cash provided by (used in) financing activities 150.9 (287.6) (2,572.3)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (0.8) 3.3 5.4
Net increase (decrease) in cash, cash equivalents, and restricted cash (707.7) 1,169.4 294.7
Cash, cash equivalents, and restricted cash, beginning of year 2,770.1 1,600.7 1,306.0
Cash, cash equivalents, and restricted cash, end of year $ 2,062.4 $ 2,770.1 $ 1,600.7