XML 35 R4.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Income Statement [Abstract]    
Net sales $ 1,128.7 $ 993.0
Cost of sales 265.1 231.8
Gross profit 863.6 761.2
Selling, general, and administrative expenses 307.8 280.3
Research and development expenses 187.4 171.4
Intellectual property litigation expenses 12.5 4.6
Change in fair value of contingent consideration liabilities, net (Note 5) (2.2) 6.7
Special charge (Note 3) 0.0 24.0
Operating income 358.1 274.2
Interest income, net (4.5) (2.0)
Other income, net (1.9) (1.8)
Consolidated pre-tax income 364.5 278.0
Provision for income taxes 53.9 28.3
Net income $ 310.6 $ 249.7
Earnings per share:    
Basic (in dollars per share) $ 1.49 $ 1.20
Diluted (in dollars per share) $ 1.47 $ 1.18
Weighted-average number of common shares outstanding:    
Basic (in shares) 208.2 207.9
Diluted (in shares) 211.7 212.2