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Other Consolidated Financial Statement Detail (Tables) | 3 Months Ended
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Mar. 31, 2021
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 March 31, |  |
(In millions) |  | 2021 |  | 2020 |  |  |  |
Interest income |  | $ | 2.9 |  |  | $ | 24.4 |  |  |  |  |
Interest expense |  | (64.7) |  |  | (44.3) |  |  |  |  |
Gain (loss) on investments, net |  | (436.6) |  |  | (77.3) |  |  |  |  |
Foreign exchange gains (losses), net |  | (8.6) |  |  | (18.9) |  |  |  |  |
Other, net |  | 0.1 |  |  | (4.4) |  |  |  |  |
Total other income (expense), net |  | $ | (506.9) |  |  | $ | (120.5) |  |  |  |  |
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 March 31, 2021 and 2020:
|  | For the Three Months Ended March 31, |  |
(In millions) |  | 2021 |  | 2020 |  |  |  |
Net gains (losses) recognized during the period on equity securities |  | $ | (436.1) |  |  | $ | (60.9) |  |  |  |  |
Less: Net gains (losses) recognized during the period on equity securities sold during the period |  | 6.2 |  |  | — |  |  |  |  |
Unrealized gains (losses) recognized during the period on equity securities |  | $ | (442.3) |  |  | $ | (60.9) |  |  |  |  |
Accrued expenses and other | Accrued expense and other consists of the following:
(In millions) |  | As of March 31, 2021 |  | As of December 31, 2020
Revenue-related reserves for discounts and allowances |  | $ | 993.0 |  |  | $ | 1,080.6 |
Collaboration expense |  | 390.7 |  |  | 389.9 |
Royalties and licensing fees |  | 212.5 |  |  | 218.5 |
Employee compensation and benefits |  | 207.4 |  |  | 333.8 |
Derivative liabilities |  | 88.6 |  |  | 181.5 |
Current portion of contingent consideration obligations |  | — |  |  | 149.6 |
Other |  | 700.1 |  |  | 791.4 |
Total accrued expense and other |  | $ | 2,592.3 |  |  | $ | 3,145.3 |

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