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Acquisitions and Other Transactions (Tables) | 12 Months Ended
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Dec. 31, 2021
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | During the year ended December 31, 2021, adjustments were made to the preliminary purchase price recorded at December 31, 2020, and are reflected as “Measurement Period and Other Adjustments” in the table below. The allocation of the $10.73 billion purchase price to the assets acquired and liabilities assumed under the Combination is as follows:
(In millions) | Preliminary Purchase Price Allocation as of December 31, 2020 (a) |  | Measurement Period and Other Adjustments (b) |  | Purchase Price Allocation as of December 31, 2021 (as adjusted)
Current assets (excluding inventories and net of cash acquired) | $ | 2,841.9 |  |  | $ | (38.7) |  |  | $ | 2,803.2 |
Inventories | 2,588.9 |  |  | (34.2) |  |  | 2,554.7 |
Property, plant and equipment | 1,394.1 |  |  | (5.0) |  |  | 1,389.1 |
Identified intangible assets | 18,040.0 |  |  | — |  |  | 18,040.0 |
Goodwill | 2,107.5 |  |  | 295.6 |  |  | 2,403.1 |
Deferred income tax benefit | 1,481.9 |  |  | 196.3 |  |  | 1,678.2 |
Other assets | 792.1 |  |  | (7.4) |  |  | 784.7 |
Total assets acquired | $ | 29,246.4 |  |  | $ | 406.6 |  |  | $ | 29,653.0 |
Current liabilities | 2,760.2 |  |  | 419.7 |  |  | 3,179.9 |
Long-term debt, including current portion | 13,076.2 |  |  | — |  |  | 13,076.2 |
Deferred tax liabilities | 1,656.9 |  |  | 1.0 |  |  | 1,657.9 |
Other noncurrent liabilities | 1,441.5 |  |  | (14.1) |  |  | 1,427.4 |
Net assets acquired (net of $415.8 of cash acquired) | $ | 10,311.6 |  |  | $ | — |  |  | $ | 10,311.6 |
____________ (a)As previously reported in Viatris’ Annual Report on Form 10-K for the fiscal year ended December 31, 2020. (b)The measurement period adjustments are primarily for 1) certain working capital adjustments, an increase in litigation reserves to reflect facts and circumstances that existed as of the date of the Combination, and other adjustments and 2) the tax implications of these and other adjustments. These adjustments did not have a significant impact on the Company’s previously reported consolidated financial statements and accordingly, the Company has not retrospectively adjusted those consolidated financial statements.
Business Acquisition, Pro Forma Information | Accordingly, the unaudited pro forma results are not necessarily indicative of the results that actually would have occurred had the acquisitions been completed on the stated date above, nor are they indicative of the future operating results of Viatris and its subsidiaries.
| Year Ended December 31,
(Unaudited, in millions, except per share amounts) | 2020 |  | 2019
Total revenues | $ | 18,284.8 |  |  | $ | 21,582.7 |
Net earnings | $ | 1,483.7 |  |  | $ | 1,873.5 |
Earnings per share: |  |  |
Basic | $ | 1.23 |  |  | $ | 1.55 |
Diluted | $ | 1.23 |  |  | $ | 1.55 |
Weighted average shares outstanding: |  |  |
Basic | 1,206.8 |  |  | 1,205.6 |
Diluted | 1,207.7 |  |  | 1,206.4 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472 + Details
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