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Other Consolidated Financial Statement Detail (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, |  | For the Six Months Ended June 30,
(In millions) |  | 2021 |  | 2020 |  | 2021 |  | 2020
Interest income |  | $ | 2.7 |  |  | $ | 7.6 |  |  | $ | 5.6 |  |  | $ | 32.0 |
Interest expense |  | (56.4) |  |  | (66.0) |  |  | (121.1) |  |  | (110.3) |
Gain (loss) on investments, net |  | 153.9 |  |  | 106.8 |  |  | (282.7) |  |  | 29.5 |
Foreign exchange gains (losses), net |  | (0.8) |  |  | 10.4 |  |  | (9.4) |  |  | (8.5) |
Other, net |  | (3.0) |  |  | 4.2 |  |  | (2.9) |  |  | (0.2) |
Total other income (expense), net |  | $ | 96.4 |  |  | $ | 63.0 |  |  | $ | (410.5) |  |  | $ | (57.5) |
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 June 30, 2021 and 2020:
|  | For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
(In millions) |  | 2021 |  | 2020 |  | 2021 |  | 2020
Net gains (losses) recognized during the period on equity securities |  | $ | 154.3 |  |  | $ | 102.9 |  |  | $ | (281.8) |  |  | $ | 42.0 |
Less: Net gains (losses) realized during the period on equity securities |  | 0.4 |  |  | — |  |  | 6.6 |  |  | — |
Unrealized gains (losses) recognized during the period on equity securities |  | $ | 153.9 |  |  | $ | 102.9 |  |  | $ | (288.4) |  |  | $ | 42.0 |
Accrued expenses and other | Accrued expense and other consists of the following:
(In millions) |  | As of June 30, 2021 |  | As of December 31, 2020
Revenue-related reserves for discounts and allowances |  | $ | 1,042.1 |  |  | $ | 1,080.6 |
Collaboration expense |  | 383.4 |  |  | 389.9 |
Employee compensation and benefits |  | 242.5 |  |  | 333.8 |
Royalties and licensing fees |  | 240.3 |  |  | 218.5 |
Derivative liabilities |  | 72.4 |  |  | 181.5 |
Current portion of contingent consideration obligations |  | — |  |  | 149.6 |
Other |  | 760.3 |  |  | 791.4 |
Total accrued expense and other |  | $ | 2,741.0 |  |  | $ | 3,145.3 |

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