Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Components Of Income Before Income Tax By Geography

The components of our (loss) income from continuing operations before income tax by geography for the years ended December 31 are as follows (in thousands):

	2016			2015			2014
United States	$	(4,309,211	)	$	(626,740	)	$	(33,459	)
International	385,355			(811,124		)	133,334
Total (loss) income from continuing operations before income tax	$	(3,923,856	)	$	(1,437,864	)	$	99,875

Schedule of Income Tax

Income tax from continuing operations consists of the following for the years ended December 31 (in thousands):

	2016			2015			2014
Current:
U.S. Federal	$	18,369		$	(308,909	)	$	30,385
U.S. State	9,501			(5,600		)	16,270
International	22,851			16,722			(2,550		)
Total current income tax	$	50,721		$	(297,787	)	$	44,105
Deferred:
U.S. Federal	$	(661,484	)	$	(779,757	)	$	(31,922	)
U.S. State	(239		)	(70,221		)	(7,740		)
International	(83,619		)	(9,376		)	(620		)
Total deferred income tax	$	(745,342	)	$	(859,354	)	$	(40,282	)
Excess tax benefits of stock compensation exercised	$	(5,463	)	$	19,676		$	33,501
Valuation allowance	—			—			943
Total income tax	$	(700,084	)	$	(1,137,465	)	$	38,267

Schedule Of Reconciliation Of Income Tax At Federal Statutory Income Tax Rate To Total Income Tax Provision

A reconciliation of income tax from continuing operations at the U.S. federal statutory income tax rate to the total income tax provision from continuing operations for the years ended December 31 is as follows (in thousands):

	2016			2015			2014
Notional U.S. federal income tax provision at the statutory rate	$	(1,373,350	)	$	(503,271	)	$	34,956
State income tax, net of federal benefit	5,182			(45,823		)	10,095
Research and development credit	(3,549		)	(5,549		)	(2,535		)
Uncertain tax positions	(18,111		)	30,974			2,494
Residual tax on non-U.S. net earnings	(301,666		)	(359,831		)	(52,246		)
Effects of outside basis differences	(636,134		)	(786,130		)	—
Non-deductible goodwill impairment	926,881			248,403			—
Change in valuation allowance	762,604			278,339			952
Intra-entity transfers of assets	(92,859		)	—			—
Effect of permanent items:
Branded prescription drug fee	4,090			10,753			16,336
Domestic production activities deduction	—			—			5,468
Transaction-related expenses	229			9,872			5,889
Excise tax	—			—			15,398
Executive compensation limitation	—			467			3,590
Extinguishment of debt	—			—			(5,802		)
Share based compensation	614			950			2,227
Audit settlements	—			—			(1,875		)
Other	25,985			(16,619		)	3,320
Income tax	$	(700,084	)	$	(1,137,465	)	$	38,267

Schedule of Deferred Tax Assets and Liabilities

The components of the net deferred income tax liability were as follows, excluding assets and liabilities held for sale, shown on the balance sheets for the years ended December 31 are as follows (in thousands):

	2016			2015
Deferred tax assets:
Accrued expenses and customer allowances	$	232,101		$	286,620
Compensation related to stock options	24,246			22,532
Deferred interest expense	57,440			290,600
Fixed assets and intangible assets	55,473			—
Loss on capital assets	9,904			7,210
Net operating loss carryforward	4,410,386			635,030
Other	30,262			7,564
Research and development credit carryforward	4,244			56,489
Tax credit carryforwards	4,520			96,952
Uncertain tax positions	10,562			8,211
Total gross deferred income tax assets	$	4,839,138		$	1,411,208
Deferred tax liabilities:
Fixed assets and intangible assets	$	—		$	(1,759,009	)
Other	—			(25,978		)
Outside basis difference	(182,409		)	(59,434		)
Prepaid royalties	—			(413		)
Total gross deferred income tax liabilities	$	(182,409	)	$	(1,844,834	)
Valuation allowance	(4,841,209		)	(426,991		)
Net deferred income tax liability	$	(184,480	)	$	(860,617	)

Summary of Tax Credit Carryforwards

At December 31, 2016, the Company had the following significant deferred tax assets for certain tax credits net of unrecognized tax benefits (in thousands):

Jurisdiction	2016		Begin to Expire
Canada
Investment tax credits	$	9,072	2022
United States
Research and development credits	$	4,244	2026

Summary of Operating Loss Carryforwards

At December 31, 2016, the Company had the following significant deferred tax assets for net operating and capital loss carryforwards for tax purposes net of unrecognized tax benefits (in thousands):

Jurisdiction	2016		Begin to Expire
Ireland	$	11,758	Indefinite
Luxembourg	$	4,246,531	Indefinite
United States:
Federal ordinary losses	$	41,087	2020
State-capital losses	$	5,044	2026
State-ordinary losses	$	98,645	2017

Summary of Valuation Allowance

At December 31, 2016, the Company had the following significant valuation allowances for tax purposes (in thousands):

Jurisdiction	2016
Canada	$	2,692
Ireland	$	66,983
Luxembourg	$	4,246,531
Mexico	$	1,063
Netherlands	$	1,367
South Africa	$	26,240
United States	$	521,064

Schedule Of Reconciliation Of Change In Uncertain Tax Benefits

The following table summarizes the activity related to unrecognized income tax benefits (in thousands):

	Unrecognized Tax Benefit Federal, State, and Foreign Tax
UTB Balance at January 1, 2014	$	58,629
Gross additions for current year positions	6,008
Gross additions for prior period positions	873
Gross reductions for prior period positions	(6,647		)
Decrease due to lapse of statute of limitations	(5,067		)
Decrease due to settlements	(597		)
Additions related to acquisitions	54,750
Currency translation adjustment	(2,619		)
UTB Balance at December 31, 2014	$	105,330
Gross additions for current year positions	65,439
Gross reductions for prior period positions	(234		)
Gross additions for prior period positions	3,460
Decrease due to lapse of statute of limitations	(75		)
Additions related to acquisitions	150,152
Currency translation adjustment	(7,825		)
UTB Balance at December 31, 2015	$	316,247
Gross additions for current year positions	142,778
Gross reductions for prior period positions	(35,888		)
Gross additions for prior period positions	2,111
Decrease due to lapse of statute of limitations	(3,085		)
Additions related to acquisitions	2,350
Currency translation adjustment	88
UTB Balance at December 31, 2016	$	424,601
Accrued interest and penalties	18,981
Total UTB balance including accrued interest and penalties	$	443,582
Current portion	$	—
Non-current portion	$	443,582

Summary of Income Tax Examinations

As of December 31, 2016, under applicable statutes, the following tax years remained subject to examination in the major tax jurisdictions indicated:

Jurisdiction	Open Years
Canada	2011 through 2016
India	2011 through 2016
Ireland	2013 through 2016
Luxembourg	2013 through 2016
Mexico	2011 through 2016
South Africa	2010 through 2016
United States - federal, state and local	2006 through 2016