XML 25 R4.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]    
Net sales $ 1,459.6 $ 1,341.2
Cost of sales 329.5 299.3
Gross profit 1,130.1 1,041.9
Selling, general, and administrative expenses 436.3 370.3
Research and development expenses 261.2 228.6
Intellectual property agreement and litigation expenses, net (Note 3) 43.5 7.1
Change in fair value of contingent consideration liabilities, net (Note 7) 0.7 (2.9)
Operating income 388.4 438.8
Interest income, net (8.6) (0.6)
Other (income) expense, net (1.6) 3.3
Income before provision for income taxes 398.6 436.1
Provision for income taxes 58.1 62.5
Net income $ 340.5 $ 373.6
Earnings per share:    
Basic (in dollars per share) $ 0.56 $ 0.60
Diluted (in dollars per share) $ 0.56 $ 0.59
Weighted-average number of common shares outstanding:    
Basic (in shares) 607.5 622.1
Diluted (in shares) 610.9 629.4