XML 42 R23.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Share-based Payments | 3 Months Ended
--- | ---
Mar. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Share-based Payments | Share-based Compensation Expense The following table summarizes share-based compensation expense included in our condensed consolidated statements of income:
|  | For the Three Months Ended March 31, |  |
(In millions) |  | 2024 |  | 2023 |  |  |  |
Research and development |  | $ | 27.4 |  |  | $ | 31.3 |  |  |  |  |
Selling, general and administrative |  | 44.0 |  |  | 50.1 |  |  |  |  |
Subtotal |  | 71.4 |  |  | 81.4 |  |  |  |  |
Capitalized share-based compensation costs |  | (3.3) |  |  | (3.3) |  |  |  |  |
Share-based compensation expense included in total cost and expense |  | 68.1 |  |  | 78.1 |  |  |  |  |
Income tax effect |  | (12.9) |  |  | (14.7) |  |  |  |  |
Share-based compensation expense included in net income attributable to Biogen Inc. |  | $ | 55.2 |  |  | $ | 63.4 |  |  |  |  |
The following table summarizes share-based compensation expense associated with each of our share-based compensation programs:
|  | For the Three Months Ended March 31, |  |
(In millions) |  | 2024 |  | 2023 |  |  |  |
Time-vested restricted stock units |  | $ | 57.3 |  |  | $ | 61.7 |  |  |  |  |
Performance stock units settled in stock |  | 10.5 |  |  | 9.5 |  |  |  |  |
Employee stock purchase plan |  | 4.5 |  |  | 4.7 |  |  |  |  |
Performance stock units settled in cash |  | (2.1) |  |  | 2.5 |  |  |  |  |
Stock options |  | 0.9 |  |  | 0.8 |  |  |  |  |
Market stock units |  | 0.3 |  |  | 2.2 |  |  |  |  |
Subtotal |  | 71.4 |  |  | 81.4 |  |  |  |  |
Capitalized share-based compensation costs |  | (3.3) |  |  | (3.3) |  |  |  |  |
Share-based compensation expense included in total cost and expense |  | $ | 68.1 |  |  | $ | 78.1 |  |  |  |  |
We estimate the fair value of our obligations associated with our performance stock units settled in cash at the end of each reporting period through expected settlement. Cumulative adjustments to these obligations are recognized each quarter to reflect changes in the stock price and estimated outcome of the performance-related conditions.

X
- Definition The entire disclosure for share-based payment arrangement. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//718/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2)(i) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (l) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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