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Other Consolidated Financial Statement Detail | 12 Months Ended
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Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Other Consolidated Financial Statement Detail | Other Consolidated Financial Statement Detail Supplemental Cash Flow Information Supplemental disclosure of cash flow information for the years ended December 31, 2016, 2015 and 2014, is as follows:
| For the Years Ended December 31,
(In millions) | 2016 |  | 2015 |  | 2014
Cash paid during the year for: |  |  |  |  |
Interest | $ | 281.2 |  |  | $ | 39.1 |  |  | $ | 41.2 |
Income taxes | $ | 1,642.2 |  |  | $ | 1,674.8 |  |  | $ | 1,163.2 |
Non-cash Operating, Investing and Financing Activity In December 2016 we accrued $454.8 million related to the recent settlement and license agreement with Forward Pharma A/S (Forward Pharma). For additional information related to this transaction, please read Note 21, Commitment and Contingencies to these consolidated financial statements. In the fourth quarter of 2016 we accrued $300.0 million upon reaching $11.0 billion in total cumulative sales of Fumapharm Products. The amount, net of tax benefit, was accounted for as an increase to goodwill in accordance with the accounting standard applicable to business combinations when we acquired Fumapharm and is expected to be paid in the first quarter of 2017. For additional information related to this transaction, please read Note 21, Commitments and Contingencies to these consolidated financial statements. In connection with the construction of our manufacturing facility in Solothurn, Switzerland, we accrued charges related to processing equipment and engineering services of approximately $100.0 million in our consolidated balance sheet. For additional information related to this transaction, please read Note 10, Property, Plant and Equipment to these consolidated financial statements. In February 2015 upon completion of our acquisition of Convergence, we recorded a contingent consideration obligation of $274.5 million as part of the purchase price. For additional information related to this transaction, please read Note 2, Acquisitions to these consolidated financial statements. Other Income (Expense), Net Components of other income (expense), net, are summarized as follows:
| For the Years Ended December 31,
(In millions) | 2016 |  | 2015 |  | 2014
Interest income | $ | 63.4 |  |  | $ | 22.1 |  |  | $ | 12.2 |
Interest expense | (260.0 | ) |  | (95.5 | ) |  | (29.5 | )
Gain (loss) on investments, net | 6.0 |  |  | (3.8 | ) |  | 11.8 |
Foreign exchange gains (losses), net | (9.8 | ) |  | (32.7 | ) |  | (11.6 | )
Other, net | (17.0 | ) |  | (13.8 | ) |  | (8.7 | )
Total other income (expense), net | $ | (217.4 | ) |  | $ | (123.7 | ) |  | $ | (25.8 | )
Other Current Assets Other current assets include prepaid taxes totaling approximately $817.0 million and $550.6 million as of December 31, 2016 and 2015, respectively. Accrued Expenses and Other Accrued expenses and other consists of the following:
| As of December 31,
(In millions) | 2016 |  | 2015
Current portion of contingent consideration obligations | $ | 580.8 |  |  | $ | 504.7 |
Accrued TECFIDERA litigation settlement and license charges | 454.8 |  |  | — |
Revenue-related reserves for discounts and allowances | 438.6 |  |  | 518.1 |
Employee compensation and benefits | 282.9 |  |  | 270.8 |
Royalties and licensing fees | 195.8 |  |  | 167.9 |
Construction in progress | 134.0 |  |  | 87.9 |
Collaboration expenses | 130.9 |  |  | 31.2 |
Other | 685.7 |  |  | 516.2 |
Total accrued expenses and other | $ | 2,903.5 |  |  | $ | 2,096.8 |
Pricing of TYSABRI in Italy - AIFA In the fourth quarter of 2011 Biogen Italia SRL, our Italian subsidiary, received a notice from the Italian National Medicines Agency (Agenzia Italiana del Farmaco or AIFA) that sales of TYSABRI after mid-February 2009 through mid-February 2011 exceeded by EUR 30.7 million a reimbursement limit established pursuant to a Price Determination Resolution granted by AIFA in December 2006. In January 2012 we filed an appeal against AIFA in administrative court in Rome, Italy seeking a ruling that the reimbursement limit in the Price Determination Resolution should apply as written to only “the first 24 months” of TYSABRI sales, which ended in mid-February 2009. That appeal is still pending. Since being notified in the fourth quarter of 2011 that AIFA believed a reimbursement limit was still in effect, we deferred revenue on sales of TYSABRI as if the reimbursement limit were in effect for each biannual period beginning in mid-February 2009. In July 2013 we negotiated an agreement in principle with AIFA's Price and Reimbursement Committee that would have resolved all of AIFA's claims relating to sales of TYSABRI in excess of the reimbursement limit for the periods from February 2009 through January 2013 for an aggregate repayment of EUR 33.3 million. As a result of this agreement in principle, we recorded a liability and reduction to revenue of EUR 15.4 million at June 30, 2013, which approximated 50% of the claim related to the period from mid-February 2009 through mid-February 2011. As of December 31, 2016, we have approximately EUR 79 million recorded as accrued expenses and other in our consolidated balance sheets for the periods mid-February 2009 through January 2013, respectively. In June 2014 AIFA approved a resolution affirming that there is no reimbursement limit from and after February 2013. As a result, we recognized $53.5 million of TYSABRI revenues related to the periods February 2013 through June 2014 that were previously deferred. In January 2017 we negotiated an agreement in principle with AIFA's Price and Reimbursement Committee to settle all of AIFA's existing claims relating to sales of TYSABRI in excess of the reimbursement limit for the periods from February 2009 through January 2013 for an aggregate repayment of EUR 37.4 million. The agreement is subject to ratification by AIFA. If this most recent settlement agreement is accepted, we will recognize approximately EUR 42 million in revenue upon final resolution of this matter.

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