XML 26 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Net sales $ 1,310.2 $ 1,140.9 $ 3,902.8 $ 3,194.6
Cost of sales 311.7 281.0 939.4 784.3
Gross profit 998.5 859.9 2,963.4 2,410.3
Selling, general, and administrative expenses 364.4 307.2 1,069.7 889.9
Research and development expenses 238.0 195.5 670.3 565.0
Intellectual property litigation expenses, net (Note 3) 4.7 8.4 13.5 400.8
Change in fair value of contingent consideration liabilities (Note 5) 1.1 (9.0) (106.0) 8.4
Operating income 390.3 357.8 1,315.9 546.2
Interest expense (income), net 0.8 (0.8) 1.5 (7.1)
Other income, net (1.4) (5.7) (11.3) (7.3)
Income before provision for income taxes 390.9 364.3 1,325.7 560.6
Provision for income taxes 50.8 39.1 157.9 46.7
Net income $ 340.1 $ 325.2 $ 1,167.8 $ 513.9
Earnings per share:        
Basic (in dollars per share) $ 0.55 $ 0.52 $ 1.87 $ 0.83
Diluted (in dollars per share) $ 0.54 $ 0.52 $ 1.85 $ 0.82
Weighted-average number of common shares outstanding:        
Basic (in shares) 623.6 622.1 623.0 622.3
Diluted (in shares) 631.7 631.0 631.0 628.8