Subsidiary Guarantors (Tables)

12 Months Ended

Dec. 31, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Condensed Consolidating Balance Sheet

CONDENSED CONSOLIDATING BALANCE SHEET

As of December 31, 2015

(In millions)	Mylan N.V. (Parent Guarantor)		Mylan Inc. (Issuer)		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Assets
Current assets:
Cash and cash equivalents	$	—	$	870.5	$	—	$	365.5	$	—		$	1,236.0
Accounts receivable, net	—		14.4		—		2,674.7		—			2,689.1
Inventories	—		—		—		1,951.0		—			1,951.0
Intercompany receivables	1,097.5		283.2		—		8,936.4		(10,317.1		)	—
Other current assets	0.3		244.8		—		351.5		—			596.6
Total current assets	1,097.8		1,412.9		—		14,279.1		(10,317.1		)	6,472.7
Property, plant and equipment, net	—		324.4		—		1,659.5		—			1,983.9
Investments in subsidiaries	9,947.7		8,007.7		—		—		(17,955.4		)	—
Intercompany notes and interest receivable	—		9,704.4		—		18.7		(9,723.1		)	—
Intangible assets, net	—		0.5		—		7,221.4		—			7,221.9
Goodwill	—		17.1		—		5,363.0		—			5,380.1
Other assets	—		135.3		—		1,073.8		—			1,209.1
Total assets	$	11,045.5	$	19,602.3	$	—	$	29,615.5	$	(37,995.6	)	$	22,267.7
LIABILITIES AND EQUITY
Liabilities
Current liabilities:
Trade accounts payable	$	—	$	33.5	$	—	$	1,076.1	$	—		$	1,109.6
Short-term borrowings	—		—		—		1.3		—			1.3
Income taxes payable	—		—		—		92.4		—			92.4
Current portion of long-term debt and other long-term obligations			1,010.1		—		66.9		—			1,077.0
Intercompany payables	283.2		10,033.9		—		—		(10,317.1		)	—
Other current liabilities	2.0		320.1		—		1,519.8		—			1,841.9
Total current liabilities	285.2		11,397.6		—		2,756.5		(10,317.1		)	4,122.2
Long-term debt	994.5		5,298.4		—		2.7		—			6,295.6
Intercompany notes payable	—		18.7		—		9,704.4		(9,723.1		)	—
Other long-term obligations	—		122.2		—		1,961.9		—			2,084.1
Total liabilities	1,279.7		16,836.9		—		14,425.5		(20,040.2		)	12,501.9
Total equity	9,765.8		2,765.4		—		15,190.0		(17,955.4		)	9,765.8
Total liabilities and equity	$	11,045.5	$	19,602.3	$	—	$	29,615.5	$	(37,995.6	)	$	22,267.7

CONDENSED CONSOLIDATING BALANCE SHEET

As of December 31, 2014

(In millions)	Mylan Inc. (Issuer)		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Assets
Current assets:
Cash and cash equivalents	$	112.9	$	—	$	112.6	$	—		$	225.5
Accounts receivable, net	16.6		—		2,251.9		—			2,268.5
Inventories	—		—		1,651.4		—			1,651.4
Intercompany receivables	—		—		7,973.6		(7,973.6		)	—
Other current assets	2,008.1		—		287.7		—			2,295.8
Total current assets	2,137.6		—		12,277.2		(7,973.6		)	6,441.2
Property, plant and equipment, net	283.6		—		1,502.1		—			1,785.7
Investments in subsidiaries	11,422.9		—		—		(11,422.9		)	—
Intercompany notes and interest receivable	5,897.7		—		18.2		(5,915.9		)	—
Intangible assets, net	—		—		2,347.1		—			2,347.1
Goodwill	17.1		—		4,032.2		—			4,049.3
Other assets	120.9		—		1,076.3		—			1,197.2
Total assets	$	19,879.8	$	—	$	21,253.1	$	(25,312.4	)	$	15,820.5
LIABILITIES AND EQUITY
Liabilities
Current liabilities:
Trade accounts payable	$	31.4	$	—	$	874.2	$	—		$	905.6
Short-term borrowings	—		—		330.7		—			330.7
Income taxes payable	—		—		160.7		—			160.7
Current portion of long-term debt and other long-term obligations	2,404.6		—		68.3		—			2,472.9
Intercompany payables	7,973.6		—		—		(7,973.6		)	—
Other current liabilities	352.9		—		1,081.2		—			1,434.1
Total current liabilities	10,762.5		—		2,515.1		(7,973.6		)	5,304.0
Long-term debt	5,699.9		—		—		—			5,699.9
Intercompany notes payable	18.2		—		5,897.7		(5,915.9		)	—
Other long-term obligations	123.2		—		1,417.4		—			1,540.6
Total liabilities	16,603.8		—		9,830.2		(13,889.5		)	12,544.5
Total equity	3,276.0		—		11,422.9		(11,422.9		)	3,276.0
Total liabilities and equity	$	19,879.8	$	—	$	21,253.1	$	(25,312.4	)	$	15,820.5

Condensed Consolidating Statement of Operations

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

Year Ended December 31, 2015

(In millions)	Mylan N.V. (Parent Guarantor)			Mylan Inc. (Issuer)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Net sales	$	—		$	—		$	—	$	9,362.6		$	—		$	9,362.6
Other revenues	—			—			—		66.7			—			66.7
Total revenues	—			—			—		9,429.3			—			9,429.3
Cost of sales	—			—			—		5,213.2			—			5,213.2
Gross profit	—			—			—		4,216.1			—			4,216.1
Operating expenses:
Research and development	—			—			—		671.9			—			671.9
Selling, general and administrative	106.1			572.1			—		1,502.5			—			2,180.7
Litigation settlements, net	—			—			—		(97.4		)	—			(97.4		)
Total operating expenses	106.1			572.1			—		2,077.0			—			2,755.2
Earnings from operations	(106.1		)	(572.1		)	—		2,139.1			—			1,460.9
Interest expense	58.3			217.9			—		63.2			—			339.4
Other expense (income), net	41.1			—			—		165.0			—			206.1
(Losses) earnings before income taxes and noncontrolling interest	(205.5		)	(790.0		)	—		1,910.9			—			915.4
Income tax (benefit) provision	—			(23.2		)	—		90.9			—			67.7
Earnings (losses) of equity interest subsidiaries	1,053.2			1,814.8			—		—			(2,868.0		)	—
Net earnings	847.7			1,048.0			—		1,820.0			(2,868.0		)	847.7
Net earnings attributable to noncontrolling interest	(0.1		)	—			—		(0.1		)	0.1			(0.1		)
Net earnings attributable to Mylan N.V. ordinary shareholders	$	847.6		$	1,048.0		$	—	$	1,819.9		$	(2,867.9	)	$	847.6

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

Year Ended December 31, 2014

(In millions)	Mylan Inc. (Issuer)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Net sales	$	—		$	—	$	7,646.5		$	—		$	7,646.5
Other revenues	—			—		73.1			—			73.1
Total revenues	—			—		7,719.6			—			7,719.6
Cost of sales	—			—		4,191.6			—			4,191.6
Gross profit	—			—		3,528.0			—			3,528.0
Operating expenses:
Research and development	—			—		581.8			—			581.8
Selling, general and administrative	608.8			—		1,016.9			—			1,625.7
Litigation settlements, net	—			—		47.9			—			47.9
Other operating income, net	—			—		(80.0		)	—			(80.0		)
Total operating expenses	608.8			—		1,566.6			—			2,175.4
Earnings from operations	(608.8		)	—		1,961.4			—			1,352.6
Interest expense	273.4			—		59.8			—			333.2
Other expense (income), net	—			—		44.9			—			44.9
(Losses) earnings before income taxes and noncontrolling interest	(882.2		)	—		1,856.7			—			974.5
Income tax (benefit) provision	(39.7		)	—		81.1			—			41.4
Earnings (losses) of equity interest subsidiaries	1,775.6			—		—			(1,775.6		)	—
Net earnings	933.1			—		1,775.6			(1,775.6		)	933.1
Net earnings attributable to noncontrolling interest	—			—		(3.7		)	—			(3.7		)
Net earnings attributable to Mylan N.V. ordinary shareholders	$	933.1		$	—	$	1,771.9		$	(1,775.6	)	$	929.4

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

Year Ended December 31, 2013

(In millions)	Mylan Inc. (Issuer)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Net sales	$	—		$	—	$	6,856.6		$	—		$	6,856.6
Other revenues	—			—		52.5			—			52.5
Total revenues	—			—		6,909.1			—			6,909.1
Cost of sales	—			—		3,868.8			—			3,868.8
Gross profit	—			—		3,040.3			—			3,040.3
Operating expenses:
Research and development	—			—		507.8			—			507.8
Selling, general and administrative	521.0			—		887.5			—			1,408.5
Litigation settlements, net	—			—		(14.6		)	—			(14.6		)
Other operating income, net	—			—		3.1			—			3.1
Total operating expenses	521.0			—		1,383.8			—			1,904.8
Earnings from operations	(521.0		)	—		1,656.5			—			1,135.5
Interest expense	259.7			—		53.6			—			313.3
Other expense (income), net	—			—		74.9			—			74.9
(Losses) earnings before income taxes and noncontrolling interest	(780.7		)	—		1,528.0			—			747.3
Income tax (benefit) provision	(29.8		)	—		150.6			—			120.8
Earnings (losses) of equity interest subsidiaries	1,377.4			—		—			(1,377.4		)	—
Net earnings	626.5			—		1,377.4			(1,377.4		)	626.5
Net earnings attributable to noncontrolling interest	—			—		(2.8		)	—			(2.8		)
Net earnings attributable to Mylan N.V. ordinary shareholders	$	626.5		$	—	$	1,374.6		$	(1,377.4	)	$	623.7

Condensed Consolidating Statement of Comprehensive Earnings

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE EARNINGS

Year Ended December 31, 2015

(In millions)	Mylan N.V. (Parent Guarantor)			Mylan Inc. (Issuer)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net earnings	$	847.7		$	1,048.0		$	—	$	1,820.0		$	(2,868.0	)	$	847.7
Other comprehensive (loss) earnings, before tax:
Foreign currency translation adjustment	(790.9		)	—			—		(790.9		)	790.9			(790.9		)
Change in unrecognized gain and prior service cost related to defined benefit plans	3.1			0.4			—		2.7			(3.1		)	3.1
Net unrecognized gain on derivatives	16.7			23.4			—		(6.7		)	(16.7		)	16.7
Net unrealized loss on marketable securities	(2.0		)	(1.3		)	—		(0.7		)	2.0			(2.0		)
Other comprehensive (loss) earnings, before tax	(773.1		)	22.5			—		(795.6		)	773.1			(773.1		)
Income tax provision (benefit)	4.2			8.7			—		(4.5		)	(4.2		)	4.2
Other comprehensive (loss) earnings, net of tax	(777.3		)	13.8			—		(791.1		)	777.3			(777.3		)
Comprehensive earnings	70.4			1,061.8			—		1,028.9			(2,090.7		)	70.4
Comprehensive earnings attributable to the noncontrolling interest	(0.1		)	—			—		(0.1		)	0.1			(0.1		)
Comprehensive earnings attributable to Mylan N.V. ordinary shareholders	$	70.3		$	1,061.8		$	—	$	1,028.8		$	(2,090.6	)	$	70.3

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE EARNINGS

Year Ended December 31, 2014

(In millions)	Mylan Inc. (Issuer)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net earnings	933.1			—		1,775.6			(1,775.6		)	933.1
Other comprehensive (loss) earnings, before tax:
Foreign currency translation adjustment	(622.9		)	—		(622.9		)	622.9			(622.9		)
Change in unrecognized (loss) gain and prior service cost related to defined benefit plans	(11.8		)	—		(7.4		)	7.4			(11.8		)
Net unrecognized (loss) gain on derivatives	(182.6		)	—		30.4			(30.4		)	(182.6		)
Other comprehensive (loss) earnings, before tax	(817.3		)	—		(599.9		)	599.9			(817.3		)
Income tax (benefit) provision	(70.4		)	—		10.0			(10.0		)	(70.4		)
Other comprehensive (loss) earnings, net of tax	(746.9		)	—		(609.9		)	609.9			(746.9		)
Comprehensive earnings (loss)	186.2			—		1,165.7			(1,165.7		)	186.2
Comprehensive earnings attributable to the noncontrolling interest	(3.7		)	—		(3.7		)	3.7			(3.7		)
Comprehensive earnings attributable to Mylan N.V. ordinary shareholders	$	182.5		$	—	$	1,162.0		$	(1,162.0	)	$	182.5

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE EARNINGS

Year Ended December 31, 2013

(In millions)	Mylan Inc. (Issuer)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net earnings	$	626.5		$	—	$	1,377.4		$	(1,377.4	)	$	626.5
Other comprehensive (loss) earnings, before tax:
Foreign currency translation adjustment	(273.7		)	—		(273.7		)	273.7			(273.7		)
Change in unrecognized gain (loss) and prior service cost related to defined benefit plans	8.2			—		7.5			(7.5		)	8.2
Net unrecognized gain (loss) on derivatives	180.4			—		(34.5		)	34.5			180.4
Net unrealized loss on marketable securities	(1.1		)	—		(1.2		)	1.2			(1.1		)
Other comprehensive (loss) earnings, before tax	(86.2		)	—		(301.9		)	301.9			(86.2		)
Income tax provision (benefit)	67.4			—		(10.0		)	10.0			67.4
Other comprehensive (loss) earnings, net of tax	(153.6		)	—		(291.9		)	291.9			(153.6		)
Comprehensive earnings (loss)	472.9			—		1,085.5			(1,085.5		)	472.9
Comprehensive earnings attributable to the noncontrolling interest	(2.8		)	—		(2.8		)	2.8			(2.8		)
Comprehensive earnings attributable to Mylan N.V. ordinary shareholders	$	470.1		$	—	$	1,082.7		$	(1,082.7	)	$	470.1

Condensed Consolidating Statement of Cash Flows

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

Year Ended December 31, 2015

(In millions)	Mylan N.V. (Parent Guarantor)			Mylan Inc. (Issuer)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net cash (used in) provided by operating activities	$	(57.5	)	$	(707.2	)	$	—	$	2,773.2		$	—		$	2,008.5
Cash flows from investing activities:
Capital expenditures	—			(85.4		)	—		(277.5		)	—			(362.9		)
Change in restricted cash	—			(3.6		)	—		25.4			—			21.8
Cash paid for acquisitions, net	—			—			—		(693.1		)	—			(693.1		)
Proceeds from sale of property, plant and equipment	—			—			—		2.3			—			2.3
Purchase of marketable securities	—			—			—		(62.1		)	—			(62.1		)
Proceeds from sale of marketable securities	—			—			—		33.1			—			33.1
Investments in affiliates	—			(607.9		)	—		—			607.9			—
Loans to affiliates	(1,097.5		)	(5,856.4		)	—		(7,682.2		)	14,636.1			—
Repayments of loans from affiliates	—			358.5			—		1,198.5			(1,557.0		)	—
Payments for product rights and other, net	—			(1.5		)	—		(507.3		)	—			(508.8		)
Net cash (used in) provided by investing activities	(1,097.5		)	(6,196.3		)	—		(7,962.9		)	13,687.0			(1,569.7		)
Cash flows from financing activities:
Payment of financing fees	(104.4		)	(26.0		)	—		—			—			(130.4		)
Purchase of ordinary shares	(67.5		)	—			—		—			—			(67.5		)
Change in short-term borrowings, net	—			—			—		(329.2		)	—			(329.2		)
Proceeds from convertible note hedge	—			1,970.8			—		—			—			1,970.8
Proceeds from issuance of long-term debt	999.2			2,540.0			—		—			—			3,539.2
Payment of long-term debt	—			(4,484.1		)	—		—			—			(4,484.1		)
Proceeds from exercise of stock options	44.4			53.3			—		—			—			97.7
Taxes paid related to net share settlement of equity awards	—			(25.9		)	—		(5.9		)	—			(31.8		)
Capital contribution from affiliates	—			—			—		607.9			(607.9		)	—
Payments on borrowings from affiliates	—			(1,198.5		)	—		(358.5		)	1,557.0			—
Proceeds from borrowings from affiliates	283.2			8,779.7			—		5,573.2			(14,636.1		)	—
Acquisition of noncontrolling interest	—			—			—		(11.7		)	—			(11.7		)
Other items, net	—			51.8			—		—			—			51.8
Net cash provided by (used in) financing activities	1,154.9			7,661.1			—		5,475.8			(13,687.0		)	604.8
Effect on cash of changes in exchange rates	—			—			—		(33.1		)	—			(33.1		)
Net (decrease) increase in cash and cash equivalents	(0.1		)	757.6			—		253.0			—			1,010.5
Cash and cash equivalents — beginning of period	0.1			112.9			—		112.5			—			225.5
Cash and cash equivalents — end of period	$	—		$	870.5		$	—	$	365.5		$	—		$	1,236.0
Supplemental disclosures of cash flow information —
Non-cash transactions:
Contingent consideration	$	—		$	—		$	—	$	18.0		$	—		$	18.0
Ordinary shares issued for acquisition	$	6,305.8		$	—		$	—	$	—		$	—		$	6,305.8

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

Year Ended December 31, 2014

(In millions)	Mylan Inc. (Issuer)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net cash (used in) provided by operating activities	$	(705.1	)	$	—	$	1,719.9		$	—		$	1,014.8
Cash flows from investing activities:
Capital expenditures	(72.1		)	—		(253.2		)	—			(325.3		)
Change in restricted cash	—			—		(5.1		)	—			(5.1		)
Cash paid for acquisitions, net	—			—		(50.0		)	—			(50.0		)
Proceeds from sale of property, plant and equipment	—			—		8.9			—			8.9
Purchase of marketable securities	(2.8		)	—		(17.1		)	—			(19.9		)
Proceeds from sale of marketable securities	1.6			—		18.6			—			20.2
Investments in affiliates	(64.1		)	—		—			64.1			—
Loans to affiliates	(5,901.0		)	—		(6,857.5		)	12,758.5			—
Repayments of loans from affiliates	5.8			—		20.2			(26.0		)	—
Payments for product rights and other, net	(1.9		)	—		(427.2		)	—			(429.1		)
Net cash (used in) provided by investing activities	(6,034.5		)	—		(7,562.4		)	12,796.6			(800.3		)
Cash flows from financing activities:
Payment of financing fees	(5.8		)	—		—			—			(5.8		)
Change in short-term borrowings, net	—			—		(107.8		)	—			(107.8		)
Proceeds from issuance of long-term debt	2,235.0			—		—			—			2,235.0
Payment of long-term debt	(2,295.8		)	—		—			—			(2,295.8		)
Proceeds from exercise of stock options	53.8			—		—			—			53.8
Taxes paid related to net share settlement of equity awards	(17.3		)	—		(10.4		)	—			(27.7		)
Payments for contingent consideration	—			—		(150.0		)	—			(150.0		)
Capital contribution from affiliates	—			—		64.1			(64.1		)	—
Proceeds from borrowings from affiliates	6,857.5			—		5,901.0			(12,758.5		)	—
Payments on borrowings from affiliates	(20.2		)	—		(5.8		)	26.0			—
Other items, net	30.9			—		—			—			30.9
Net cash provided by (used in) financing activities	6,838.1			—		5,691.1			(12,796.6		)	(267.4		)
Effect on cash of changes in exchange rates	—			—		(12.9		)	—			(12.9		)
Net increase (decrease) in cash and cash equivalents	98.5			—		(164.3		)	—			(65.8		)
Cash and cash equivalents — beginning of period	14.4			—		276.9			—			291.3
Cash and cash equivalents — end of period	$	112.9		$	—	$	112.6		$	—		$	225.5

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

Year Ended December 31, 2013

(In millions)	Mylan Inc. (Issuer)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net cash (used in) provided by operating activities	$	(420.1	)	$	—	$	1,526.7		$	—		$	1,106.6
Cash flows from investing activities:
Capital expenditures	(108.1		)	—		(226.5		)	—			(334.6		)
Change in restricted cash	(23.5		)	—		(204.5		)	—			(228.0		)
Cash paid for acquisitions, net	—			—		(1,261.9		)	—			(1,261.9		)
Proceeds from sale of property, plant and equipment	—			—		25.3			—			25.3
Purchase of marketable securities	(3.5		)	—		(15.8		)	—			(19.3		)
Proceeds from sale of marketable securities	—			—		10.6			—			10.6
Investments in affiliates	(874.8		)	—		—			874.8			—
Loans to affiliates	(4,143.2		)	—		(4,928.7		)	9,071.9			—
Repayments of loans from affiliates	17.9			—		17.0			(34.9		)	—
Payments for product rights and other, net	(3.8		)	—		(57.1		)	—			(60.9		)
Net cash (used in) provided by investing activities	(5,139.0		)	—		(6,641.6		)	9,911.8			(1,868.8		)
Cash flows from financing activities:
Payment of financing fees	(34.6		)	—		—			—			(34.6		)
Purchase of common stock	(1,000.0		)	—		—			—			(1,000.0		)
Change in short-term borrowings, net	—			—		141.4			—			141.4
Proceeds from issuance of long-term debt	4,974.7			—		—			—			4,974.7
Payment of long-term debt	(3,480.3		)	—		—			—			(3,480.3		)
Proceeds from exercise of stock options	76.2			—		—			—			76.2
Capital contribution from affiliates	—			—		874.8			(874.8		)	—
Proceeds from borrowings from affiliates	4,928.7			—		4,143.2			(9,071.9		)	—
Payments on borrowings from affiliates	(17.0		)	—		(17.9		)	34.9			—
Other items, net	15.5			—		—			—			15.5
Net cash provided by (used in) financing activities	5,463.2			—		5,141.5			(9,911.8		)	692.9
Effect on cash of changes in exchange rates	—			—		10.6			—			10.6
Net (decrease) increase in cash and cash equivalents	(95.9		)	—		37.2			—			(58.7		)
Cash and cash equivalents — beginning of period	110.3			—		239.7			—			350.0
Cash and cash equivalents — end of period	$	14.4		$	—	$	276.9		$	—		$	291.3
Supplemental disclosures of cash flow information —
Non-cash transactions:
Contingent consideration	$	—		$	—	$	250.0		$	—		$	250.0