XML 71 R38.htm IDEA: XBRL DOCUMENT
v3.20.2

Other Consolidated Financial Statement Detail (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Other income (expense), net | Components of other income (expense), net, are summarized as follows:
|  | For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
(In millions) |  | 2020 |  | 2019 |  | 2020 |  | 2019
Interest income |  | $ | 7.6 |  |  | $ | 29.1 |  |  | $ | 32.0 |  |  | $ | 60.3 |
Interest expense |  | (66.0 | ) |  | (47.7 | ) |  | (110.3 | ) |  | (95.6 | )
Gain (loss) on investments, net |  | 106.8 |  |  | (173.4 | ) |  | 29.5 |  |  | 203.0 |
Foreign exchange gains (losses), net |  | 10.4 |  |  | 1.7 |  |  | (8.5 | ) |  | (0.5 | )
Other, net |  | 4.2 |  |  | (7.1 | ) |  | (0.2 | ) |  | (7.3 | )
Total other income (expense), net |  | $ | 63.0 |  |  | $ | (197.4 | ) |  | $ | (57.5 | ) |  | $ | 159.9 |
Gain (loss) on investments in equity securities | The following table summarizes our gain (loss) on investments, net that relates to our equity securities held as of June 30, 2020 and 2019:
|  | For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
(In millions) |  | 2020 |  | 2019 |  | 2020 |  | 2019
Net gains (losses) recognized during the period on equity securities |  | $ | 102.9 |  |  | $ | (174.2 | ) |  | $ | 42.0 |  |  | $ | 201.9 |
Less: Net gains (losses) recognized during the period on equity securities sold during the period |  | — |  |  | (42.9 | ) |  | — |  |  | 42.4 |
Unrealized gains (losses) recognized during the period on equity securities |  | $ | 102.9 |  |  | $ | (131.3 | ) |  | $ | 42.0 |  |  | $ | 159.5 |
Accrued expenses and other | Accrued expenses and other consists of the following:
(In millions) |  | As of June 30, 2020 |  | As of December 31, 2019
Revenue-related reserves for discounts and allowances |  | $ | 951.3 |  |  | $ | 1,001.1 |
Employee compensation and benefits |  | 212.0 |  |  | 309.1 |
Royalties and licensing fees |  | 203.0 |  |  | 220.9 |
Collaboration expenses |  | 172.9 |  |  | 281.6 |
Current portion of contingent consideration obligations |  | 149.1 |  |  | 148.4 |
Construction in progress |  | 24.1 |  |  | 78.0 |
Other |  | 774.1 |  |  | 726.7 |
Total accrued expenses and other |  | $ | 2,486.5 |  |  | $ | 2,765.8 |

X
- Definition Tabular disclosure of realized and unrealized gain (loss) on investment in security. + References No definition available. + Details
Name: | us-gaap_GainLossOnInvestmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accrued liabilities. + References No definition available. + Details
Name: | us-gaap_ScheduleOfAccruedLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of non-operating income or non-operating expense that may include amounts earned from dividends, interest on securities, gains (losses) on securities sold, equity earnings of unconsolidated affiliates, net gain (loss) on sales of business, interest expense and other miscellaneous income or expense items. + References No definition available. + Details
Name: | us-gaap_ScheduleOfOtherNonoperatingIncomeExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration