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Other Consolidated Financial Statement Detail (Tables) | 9 Months Ended
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Sep. 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 September 30, |  | For the Nine Months Ended September 30,
(In millions) |  | 2021 |  | 2020 |  | 2021 |  | 2020
Interest income |  | $ | 2.6 |  |  | $ | 6.0 |  |  | $ | 8.2 |  |  | $ | 38.0 |
Interest expense |  | (66.3) |  |  | (56.3) |  |  | (187.3) |  |  | (166.5) |
Gain (loss) on investments, net |  | (424.5) |  |  | (82.1) |  |  | (707.2) |  |  | (52.6) |
Foreign exchange gains (losses), net |  | (13.7) |  |  | 3.1 |  |  | (23.1) |  |  | (5.4) |
Other, net |  | (1.0) |  |  | 0.7 |  |  | (4.0) |  |  | 0.4 |
Total other income (expense), net |  | $ | (502.9) |  |  | $ | (128.6) |  |  | $ | (913.4) |  |  | $ | (186.1) |
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 September 30, 2021 and 2020:
|  | For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
(In millions) |  | 2021 |  | 2020 |  | 2021 |  | 2020
Net gains (losses) recognized during the period on equity securities |  | $ | (424.2) |  |  | $ | (82.3) |  |  | $ | (705.9) |  |  | $ | (40.3) |
Less: Net gains (losses) realized during the period on equity securities |  | 2.7 |  |  | — |  |  | 9.3 |  |  | — |
Unrealized gains (losses) recognized during the period on equity securities |  | $ | (426.9) |  |  | $ | (82.3) |  |  | $ | (715.2) |  |  | $ | (40.3) |
Accrued expenses and other | Accrued expense and other consists of the following:
(In millions) |  | As of September 30, 2021 |  | As of December 31, 2020
Revenue-related reserves for discounts and allowances |  | $ | 982.4 |  |  | $ | 1,080.6 |
Collaboration expense |  | 289.3 |  |  | 389.9 |
Employee compensation and benefits |  | 299.2 |  |  | 333.8 |
Royalties and licensing fees |  | 238.9 |  |  | 218.5 |
Derivative liabilities |  | 27.7 |  |  | 181.5 |
Current portion of contingent consideration obligations |  | — |  |  | 149.6 |
Other |  | 713.2 |  |  | 791.4 |
Total accrued expense and other |  | $ | 2,550.7 |  |  | $ | 3,145.3 |

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