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Other Consolidated Financial Statement Detail (Tables) | 12 Months Ended
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Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Supplemental cash flow information | Supplemental disclosure of cash flow information for the years ended December 31, 2020, 2019 and 2018, is as follows:
|  | For the Years Ended December 31,
(In millions) |  | 2020 |  | 2019 |  | 2018
Cash paid during the year for: |  |  |  |  |  |
Interest |  | $ | 272.7 |  |  | $ | 244.2 |  |  | $ | 243.2 |
Income taxes |  | 906.7 |  |  | 1,064.5 |  |  | 1,007.1 |
Other income (expense), net | Components of other income (expense), net, are summarized as follows:
|  | For the Years Ended December 31,
(In millions) |  | 2020 |  | 2019 |  | 2018
Interest income |  | $ | 42.0 |  |  | $ | 120.0 |  |  | $ | 112.5 |
Interest expense |  | (222.5) |  |  | (187.4) |  |  | (200.6) |
Gain (loss) on investments, net |  | 685.7 |  |  | 204.7 |  |  | 119.5 |
Foreign exchange gains (losses), net |  | (10.7) |  |  | (7.0) |  |  | (9.9) |
Other, net |  | 2.9 |  |  | (47.0) |  |  | (10.5) |
Total other income (expense), net |  | $ | 497.4 |  |  | $ | 83.3 |  |  | $ | 11.0 |
Gain (loss) on investments | The following table summarizes our gain (loss) on investments, net that relates to our equity securities held as of December 31, 2020, 2019 and 2018:
|  | For the Years Ended December 31,
(In millions) |  | 2020 |  | 2019 |  | 2018
Net gains (losses) recognized during the period on equity securities |  | $ | 693.9 |  |  | $ | 200.1 |  |  | $ | 127.9 |
Less: Net gains (losses) recognized on equity securities sold during the period and on capital distributions |  | 12.1 |  |  | 50.0 |  |  | (0.6) |
Unrealized gains (losses) recognized during the period on equity securities |  | $ | 681.8 |  |  | $ | 150.1 |  |  | $ | 128.5 |
Accrued expenses and other | Accrued expenses and other consists of the following:
|  | As of December 31,
(In millions) |  | 2020 |  | 2019
Revenue-related reserves for discounts and allowances |  | $ | 1,080.6 |  |  | $ | 1,001.1 |
Collaboration expenses |  | 389.9 |  |  | 281.6 |
Employee compensation and benefits |  | 333.8 |  |  | 309.1 |
Royalties and licensing fees |  | 218.5 |  |  | 220.9 |
Derivative liabilities |  | 181.5 |  |  | 6.7 |
Current portion of contingent consideration obligations |  | 149.6 |  |  | 148.4 |
Other |  | 791.4 |  |  | 798.0 |
Total accrued expenses and other |  | $ | 3,145.3 |  |  | $ | 2,765.8 |

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