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Balance Sheet Details (Tables)

9 Months Ended

Sep. 30, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Short Term Marketable Securities, Available for Sale

Short-Term Marketable Securities

Short-term marketable securities, consisting of equity securities and debt securities, were as follows as of the dates indicated.

	September 30, 2019
(In millions)	Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Estimated Market Value
Debt securities, available for sale:
U.S. government agencies	$	698.6			$	0.4			$	—			$	699.0
Commercial paper	277.9				0.1				(0.1		)		277.9
Corporate debt	57.4				—				—				57.4
Total debt securities, available for sale	1,033.9				0.5				(0.1		)		1,034.3
Total marketable securities	$	1,033.9			$	0.5			$	(0.1	)		$	1,034.3

	December 31, 2018
(In millions)	Cost or Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Estimated Market Value
Equity investment in Tandem Diabetes Care, Inc.	$	2.0			$	36.0			$	—			$	38.0
Debt securities, available for sale:
U.S. government agencies	173.2				—				(0.1		)		173.1
Commercial paper	36.2				—				—				36.2
Corporate debt	1.3				—				—				1.3
Total debt securities, available for sale	210.7				—				(0.1		)		210.6
Total marketable securities	$	212.7			$	36.0			$	(0.1	)		$	248.6

Net Gain Recognized on Equity Securities

The following table reconciles the net gain recognized on equity securities during the three and nine months ended September 30, 2019 and 2018 to the unrealized gain recognized during the periods on equity securities still held at the reporting date. We sold the equity investment in Tandem Diabetes Care, Inc. that we held as of December 31, 2018 during the first quarter of 2019 and did not have any outstanding equity securities as of September 30, 2019.

	Three Months Ended   September 30,								Nine Months Ended   September 30,
(In millions)	2019				2018				2019				2018
Net gains and losses recognized during the period on equity securities	$	—			$	34.9			$	(4.2	)		$	85.0
Less: Net gains and losses recognized during the period on equity securities sold during the period	—				(14.1		)		4.2				(44.2		)
Unrealized gains recognized during the reporting period on equity securities still held at the reporting date	$	—			$	20.8			$	—			$	40.8

Inventory

Inventory

(In millions)	September 30, 2019				December 31, 2018
Raw materials	$	57.9			$	30.8
Work-in-process	8.2				11.2
Finished goods	54.3				28.7
Total inventory	$	120.4			$	70.7

Property, Plant and Equipment

Property and Equipment

(In millions)	September 30, 2019				December 31, 2018
Building and land	$	15.5			$	6.0
Furniture and fixtures	12.2				9.0
Computer software and hardware	32.8				29.2
Machinery and equipment	97.5				80.7
Leasehold improvements	96.6				80.7
Construction in progress	148.0				57.3
Total cost	402.6				262.9
Less accumulated depreciation and amortization	(101.6		)		(79.8		)
Total property and equipment, net	$	301.0			$	183.1

Accounts Payable and Accrued Liabilities

Accounts Payable and Accrued Liabilities

(In millions)	September 30, 2019				December 31, 2018
Accounts payable trade	$	101.4			$	75.5
Accrued tax, audit, and legal fees	20.3				11.7
Accrued rebates	74.6				36.1
Accrued warranty	7.5				6.8
Restructuring reserve	0.7				—
Other accrued liabilities	27.9				17.0
Total accounts payable and accrued liabilities	$	232.4			$	147.1

Other Liabilities

Other Long-Term Liabilities

(In millions)	September 30, 2019				December 31, 2018
Finance lease liabilities	$	14.5			$	7.3
Deferred rent	—				9.4
Other liabilities	3.1				3.3
Total other long-term liabilities	$	17.6			$	20.0

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