XML 30 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Income Statement [Abstract]      
Net sales $ 3,722.8 $ 3,435.3 $ 2,963.7
Cost of sales 939.4 875.3 797.4
Gross profit 2,783.4 2,560.0 2,166.3
Selling, general, and administrative expenses 1,088.5 990.8 904.7
Research and development expenses 622.2 552.6 442.2
Intellectual property litigation expenses (income), net (Note 3) 214.0 (73.3) 32.6
Change in fair value of contingent consideration liabilities (5.7) (9.9) 1.1
Special charges, net (Note 4) 116.2 9.7 34.5
Other operating expenses 0.0 0.7 0.0
Operating income 748.2 1,089.4 751.2
Interest expense 29.9 23.2 19.2
Interest income (32.0) (20.3) (10.8)
Special (gains) charges, net (Note 4) (7.1) 50.2 0.0
Other (income) expense, net (Note 15) (4.0) 1.4 4.9
Income before provision for income taxes 761.4 1,034.9 737.9
Provision for income taxes (Note 16) 39.2 451.3 168.4
Net income $ 722.2 $ 583.6 $ 569.5
Earnings per share:      
Basic (in dollars per share) $ 3.45 $ 2.77 $ 2.67
Diluted (in dollars per share) $ 3.38 $ 2.70 $ 2.61
Weighted-average number of common shares outstanding:      
Basic (in shares) 209.2 210.9 213.0
Diluted (in shares) 213.6 215.9 217.8