XML 26 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Net sales $ 1,376.0 $ 925.0 $ 2,592.6 $ 2,053.7
Cost of sales 334.3 238.2 627.7 503.3
Gross profit 1,041.7 686.8 1,964.9 1,550.4
Selling, general, and administrative expenses 374.5 274.9 705.3 582.7
Research and development expenses 225.3 182.1 432.3 369.5
Intellectual property litigation expenses, net 2.4 379.9 8.8 392.4
Change in fair value of contingent consideration liabilities (Note 4) (102.6) 19.6 (107.1) 17.4
Operating income (loss) 542.1 (169.7) 925.6 188.4
Interest expense (income), net 1.0 (1.8) 0.7 (6.3)
Other (income) expense, net (4.4) 0.3 (9.9) (1.6)
Income (loss) before provision for income taxes 545.5 (168.2) 934.8 196.3
Provision for (benefit from) income taxes 56.0 (46.3) 107.1 7.6
Net income (loss) $ 489.5 $ (121.9) $ 827.7 $ 188.7
Earnings (loss) per share:        
Basic (in dollars per share) $ 0.79 $ (0.20) $ 1.33 $ 0.30
Diluted (in dollars per share) $ 0.78 $ (0.20) $ 1.31 $ 0.30
Weighted-average number of common shares outstanding:        
Basic (in shares) 622.3 620.3 622.7 622.5
Diluted (in shares) 629.9 620.3 630.6 627.7