XML 46 R42.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Fair Value Measurements (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2013
Fair Value Disclosures [Abstract] |
Summary of assets and liabilities recorded at fair value |
(In millions) | As of December 31, 2013 |  | Quoted Prices in Active Markets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
Assets: |  |  |  |  |  |  |
Cash equivalents | $ | 424.7 |  |  | $ | — |  |  | $ | 424.7 |  |  | $ | — |
Marketable debt securities: |  |  |  |  |  |  |
Corporate debt securities | 439.8 |  |  | — |  |  | 439.8 |  |  | — |
Government securities | 674.7 |  |  | — |  |  | 674.7 |  |  | — |
Mortgage and other asset backed securities | 131.4 |  |  | — |  |  | 131.4 |  |  | — |
Marketable equity securities | 11.2 |  |  | 11.2 |  |  | — |  |  | — |
Venture capital investments | 21.9 |  |  | — |  |  | — |  |  | 21.9 |
Derivative contracts | 3.8 |  |  | — |  |  | 3.8 |  |  | — |
Plan assets for deferred compensation | 22.7 |  |  | — |  |  | 22.7 |  |  | — |
Total | $ | 1,730.2 |  |  | $ | 11.2 |  |  | $ | 1,697.1 |  |  | $ | 21.9 |
Liabilities: |  |  |  |  |  |  |
Derivative contracts | $ | 23.5 |  |  | $ | — |  |  | $ | 23.5 |  |  | $ | — |
Contingent consideration obligations | 280.9 |  |  | — |  |  | — |  |  | 280.9 |
Total | $ | 304.4 |  |  | $ | — |  |  | $ | 23.5 |  |  | $ | 280.9 |
(In millions) | As of December 31, 2012 |  | Quoted Prices in Active Markets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
Assets: |  |  |  |  |  |  |
Cash equivalents | $ | 439.4 |  |  | $ | — |  |  | $ | 439.4 |  |  | $ | — |
Marketable debt securities: |  |  |  |  |  |  |
Corporate debt securities | 1,001.0 |  |  | — |  |  | 1,001.0 |  |  | — |
Government securities | 1,657.8 |  |  | — |  |  | 1,657.8 |  |  | — |
Mortgage and other asset backed securities | 512.9 |  |  | — |  |  | 512.9 |  |  | — |
Marketable equity securities | 9.0 |  |  | 9.0 |  |  | — |  |  | — |
Venture capital investments | 20.3 |  |  | — |  |  | — |  |  | 20.3 |
Derivative contracts | 1.8 |  |  | — |  |  | 1.8 |  |  | — |
Plan assets for deferred compensation | 14.3 |  |  | — |  |  | 14.3 |  |  | — |
Total | $ | 3,656.5 |  |  | $ | 9.0 |  |  | $ | 3,627.2 |  |  | $ | 20.3 |
Liabilities: |  |  |  |  |  |  |
Derivative contracts | $ | 14.4 |  |  | $ | — |  |  | $ | 14.4 |  |  | $ | — |
Contingent consideration obligations | 293.9 |  |  | — |  |  | — |  |  | 293.9 |
Total | $ | 308.3 |  |  | $ | — |  |  | $ | 14.4 |  |  | $ | 293.9 |
Fair value of venture capital investments |
| As of December 31,
(In millions) | 2013 |  | 2012
Fair value, beginning of year | $ | 20.3 |  |  | $ | 23.5 |
Unrealized gains included in earnings | 10.5 |  |  | 5.4 |
Unrealized losses included in earnings | (6.3 | ) |  | (9.2 | )
Purchases | 0.7 |  |  | 0.6 |
Settlements | (3.3 | ) |  | — |
Fair value, end of year | $ | 21.9 |  |  | $ | 20.3 |
Summary of fair and carrying value of debt instruments |
| As of December 31,
(In millions) | 2013 |  | 2012
Notes payable to Fumedica | $ | 17.5 |  |  | $ | 20.0 |
Credit Facility | — |  |  | — |
6.0% Senior Notes due March 1, 2013 | — |  |  | 453.7 |
6.875% Senior Notes due March 1, 2018 | 647.9 |  |  | 681.6 |
Total | $ | 665.4 |  |  | $ | 1,155.3 |
Fair value of contingent consideration obligations |
| As of December 31,
(In millions) | 2013 |  | 2012
Fair value, beginning of year | $ | 293.9 |  |  | $ | 151.0 |
Additions | — |  |  | 122.2 |
Changes in fair value | (0.5 | ) |  | 27.2 |
Payments | (12.5 | ) |  | (6.5 | )
Fair value, end of year | $ | 280.9 |  |  | $ | 293.9 |

X
- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19279-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=28364263&loc=d3e13433-108611 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=28364263&loc=d3e13467-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=28364263&loc=d3e13476-108611 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19279-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19190-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration