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Sale of Equity Interests in Theravance Respiratory Company, LLS and Discontinued Operations (Details)
12 Months Ended
Jul. 20, 2022
USD ($)
shares
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Theravance Respiratory Company, LLC      
Fair value of contingent consideration   $ 194,200,000 $ 194,200,000
Royalty Pharma | Disposed of by Sale | TRC      
Theravance Respiratory Company, LLC      
Consideration received $ 1,301,600,000    
Proceeds from the sale of equity interest in TRC, LLC 1,107,400,000    
Equity method investments 136,700,000    
Transaction costs 23,800,000    
Fair value of contingent consideration 194,200,000    
Investment Amount $ 136,700,000    
Royalty Pharma | Disposed of by Sale | TRC | Measurement Input, Discount Rate [Member]      
Theravance Respiratory Company, LLC      
Equity method investment, contingent consideration 0.0783    
Royalty Pharma | Purchase Agreement to Sell Units in Theravance Respiratory Company, LLC      
Theravance Respiratory Company, LLC      
Percentage of Right to Receive Royalty Transferring 85    
Proceeds from sale of units. $ 1,100,000,000    
Consideration Receivable at closing $ 250,000,000.0    
Consideration received   $ 200,000,000.0  
Royalty Pharma | Class B Units | Purchase Agreement to Sell Units in Theravance Respiratory Company, LLC      
Theravance Respiratory Company, LLC      
Units issued | shares 2,125    
Royalty Pharma | Class C Units | Purchase Agreement to Sell Units in Theravance Respiratory Company, LLC      
Theravance Respiratory Company, LLC      
Units issued | shares 6,375    
TRC      
Theravance Respiratory Company, LLC      
Percentage of equity interest   85.00%  
Percentage of economic interest   85.00%  
Number of fiscal quarters   4  
Theravance      
Theravance Respiratory Company, LLC      
Consideration Receivable at closing $ 1,326,600,000