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Other Consolidated Financial Statement Detail | 3 Months Ended
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Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Other Consolidated Financial Statement Detail | Other Consolidated Financial Statement Detail Other Income (Expense), Net Components of other income (expense), net, are summarized as follows:
| For the Three Months Ended March 31,
(In millions) | 2017 |  | 2016
Interest income | $ | 16.7 |  |  | $ | 11.2 |
Interest expense | (63.4 | ) |  | (63.3 | )
Gain (loss) on investments, net | 2.4 |  |  | 1.6 |
Foreign exchange gains (losses), net | 4.0 |  |  | 2.1 |
Other, net | 2.7 |  |  | (4.4 | )
Total other income (expense), net | $ | (37.6 | ) |  | $ | (52.8 | )
Other Current Assets Other current assets include prepaid taxes totaling approximately $935.6 million and $817.0 million as of March 31, 2017 and December 31, 2016, respectively. Accrued Expenses and Other Accrued expenses and other consists of the following:
(In millions) | As of March 31, 2017 |  | As of December 31, 2016
Current portion of contingent consideration obligations and milestones | $ | 516.8 |  |  | $ | 580.8 |
Revenue-related reserves for discounts and allowances | 505.3 |  |  | 438.6 |
Royalties and licensing fees | 181.0 |  |  | 195.8 |
Employee compensation and benefits | 160.5 |  |  | 282.9 |
Construction in progress | 116.2 |  |  | 134.0 |
Collaboration expenses | 89.8 |  |  | 130.9 |
Accrued TECFIDERA litigation settlement and license charges | — |  |  | 454.8 |
Other | 475.0 |  |  | 685.7 |
Total accrued expenses and other | $ | 2,044.6 |  |  | $ | 2,903.5 |
Pricing of TYSABRI in Italy - AIFA In the first quarter of 2017, we reached an agreement with the Price and Reimbursement Committee of the Italian National Medicines Agency (Agenzia Italiana del Farmaco, or AIFA) resolving all of AIFA's claims relating to sales of TYSABRI in excess of the reimbursement limit for prior periods for an aggregate repayment of approximately EUR 37.4 million. As a result of this agreement we have agreed to dismiss the appeal and in the first quarter of 2017 we recognized EUR 41.8 million (approximately $44.6 million) in revenues for sales which were previously deferred. These amounts were previously accrued for and included in the table above in Other. For additional information regarding our agreement with AIFA relating to sales of TYSABRI in Italy, please read Note 18, Litigation, to these financial statements.

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