Subsidiary Guarantors (Tables)

6 Months Ended

Jun. 30, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Condensed Consolidating Income Statement

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

Three Months Ended June 30, 2018

(In millions)	Mylan N.V.			Mylan Inc.			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Net sales	$	—		$	—		$	—	$	2,755.5		$	—		$	2,755.5
Other revenues	—			—			—		52.8			—			52.8
Total revenues	—			—			—		2,808.3			—			2,808.3
Cost of sales	—			—			—		1,845.8			—			1,845.8
Gross profit	—			—			—		962.5			—			962.5
Operating expenses:
Research and development	—			—			—		206.7			—			206.7
Selling, general and administrative	9.7			119.4			—		494.2			—			623.3
Litigation settlements and other contingencies, net	—			—			—		(46.4		)	—			(46.4		)
Total operating expenses	9.7			119.4			—		654.5			—			783.6
(Loss) earnings from operations	(9.7		)	(119.4		)	—		308.0			—			178.9
Interest expense	88.6			41.1			—		9.5			—			139.2
Other (income) expense, net	(49.6		)	(68.3		)	—		138.9			—			21.0
(Loss) earnings before income taxes	(48.7		)	(92.2		)	—		159.6			—			18.7
Income tax (benefit) provision	(8.0		)	13.1			—		(23.9		)	—			(18.8		)
Earnings of equity interest subsidiaries	78.2			82.2			—		—			(160.4		)	—
Net earnings (loss)	$	37.5		$	(23.1	)	$	—	$	183.5		$	(160.4	)	$	37.5

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

Six Months Ended June 30, 2018

(In millions)	Mylan N.V.			Mylan Inc.			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Net sales	$	—		$	—		$	—	$	5,405.9		$	—		$	5,405.9
Other revenues	—			—			—		86.9			—			86.9
Total revenues	—			—			—		5,492.8			—			5,492.8
Cost of sales	—			—			—		3,546.0			—			3,546.0
Gross profit	—			—			—		1,946.8			—			1,946.8
Operating expenses:
Research and development	—			—			—		411.6			—			411.6
Selling, general and administrative	19.5			250.1			—		961.2			—			1,230.8
Litigation settlements and other contingencies, net	—			7.0			—		(37.2		)	—			(30.2		)
Total operating expenses	19.5			257.1			—		1,335.6			—			1,612.2
(Loss) earnings from operations	(19.5		)	(257.1		)	—		611.2			—			334.6
Interest expense	182.1			68.0			—		20.8			—			270.9
Other (income) expense, net	(163.6		)	(126.0		)	—		324.1			—			34.5
(Loss) earnings before income taxes	(38.0		)	(199.1		)	—		266.3			—			29.2
Income tax benefit	(15.3		)	(4.6		)	—		(75.5		)	—			(95.4		)
Earnings of equity interest subsidiaries	147.3			73.9			—		—			(221.2		)	—
Net earnings (loss)	$	124.6		$	(120.6	)	$	—	$	341.8		$	(221.2	)	$	124.6

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

Three Months Ended June 30, 2017

(In millions)	Mylan N.V.			Mylan Inc.			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Net sales	$	—		$	—		$	—	$	2,926.5		$	—		$	2,926.5
Other revenues	—			—			—		35.7			—			35.7
Total revenues	—			—			—		2,962.2			—			2,962.2
Cost of sales	—			—			—		1,736.8			—			1,736.8
Gross profit	—			—			—		1,225.4			—			1,225.4
Operating expenses:
Research and development	—			—			—		181.1			—			181.1
Selling, general and administrative	13.3			136.8			—		470.4			—			620.5
Litigation settlements and other contingencies, net	—			—			—		(50.0		)	—			(50.0		)
Total operating expenses	13.3			136.8			—		601.5			—			751.6
(Loss) earnings from operations	(13.3		)	(136.8		)	—		623.9			—			473.8
Interest expense	94.7			25.7			—		15.9			—			136.3
Other (income) expense, net	(113.5		)	(59.5		)	—		185.8			—			12.8
Earnings (loss) before income taxes	5.5			(103.0		)	—		422.2			—			324.7
Income tax provision	0.6			2.5			—		24.6			—			27.7
Earnings of equity interest subsidiaries	292.1			444.9			—		—			(737.0		)	—
Net earnings	$	297.0		$	339.4		$	—	$	397.6		$	(737.0	)	$	297.0

Condensed Consolidating Statement of Comprehensive Earnings

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE EARNINGS

Three Months Ended June 30, 2018

(In millions)	Mylan N.V.			Mylan Inc.			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net earnings (loss)	$	37.5		$	(23.1	)	$	—	$	183.5		$	(160.4	)	$	37.5
Other comprehensive (loss) earnings, before tax:
Foreign currency translation adjustment	(1,088.7		)	—			—		(1,088.7		)	1,088.7			(1,088.7		)
Change in unrecognized gain and prior service cost related to defined benefit plans	2.8			—			—		2.8			(2.8		)	2.8
Net unrecognized (loss) gain on derivatives in cash flow hedging relationships	(62.2		)	1.9			—		(64.1		)	62.2			(62.2		)
Net unrecognized gain on derivatives in net investment hedging relationships	119.1			0.6			—		—			(0.6		)	119.1
Net unrealized gain (loss) on marketable securities	0.3			0.6			—		(0.3		)	(0.3		)	0.3
Other comprehensive (loss) earnings, before tax	(1,028.7		)	3.1			—		(1,150.3		)	1,147.2			(1,028.7		)
Income tax benefit	(20.9		)	(0.4		)	—		(20.5		)	20.9			(20.9		)
Other comprehensive (loss) earnings, net of tax	(1,007.8		)	3.5			—		(1,129.8		)	1,126.3			(1,007.8		)
Comprehensive loss	$	(970.3	)	$	(19.6	)	$	—	$	(946.3	)	$	965.9		$	(970.3	)

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE EARNINGS

Six Months Ended June 30, 2018

(In millions)	Mylan N.V.			Mylan Inc.			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net earnings (loss)	$	124.6		$	(120.6	)	$	—	$	341.8		$	(221.2	)	$	124.6
Other comprehensive (loss) earnings, before tax:
Foreign currency translation adjustment	(826.8		)	—			—		(826.8		)	826.8			(826.8		)
Change in unrecognized (loss) gain and prior service cost related to defined benefit plans	(1.5		)	0.1			—		(1.6		)	1.5			(1.5		)
Net unrecognized (loss) gain on derivatives in cash flow hedging relationships	(94.2		)	3.8			—		(98.0		)	94.2			(94.2		)
Net unrecognized gain on derivatives in net investment hedging relationships	59.9			0.6			—		—			(0.6		)	59.9
Net unrealized loss on marketable securities	(0.1		)	—			—		(0.1		)	0.1			(0.1		)
Other comprehensive (loss) earnings, before tax	(862.7		)	4.5			—		(926.5		)	922.0			(862.7		)
Income tax benefit	(32.1		)	(0.8		)	—		(31.3		)	32.1			(32.1		)
Other comprehensive (loss) earnings, net of tax	(830.6		)	5.3			—		(895.2		)	889.9			(830.6		)
Comprehensive loss	$	(706.0	)	$	(115.3	)	$	—	$	(553.4	)	$	668.7		$	(706.0	)

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE EARNINGS

Three Months Ended June 30, 2017

(In millions)	Mylan N.V.			Mylan Inc.			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net earnings	$	297.0		$	339.4		$	—	$	397.6		$	(737.0	)	$	297.0
Other comprehensive earnings, before tax:
Foreign currency translation adjustment	974.7			—			—		974.7			(974.7		)	974.7
Change in unrecognized gain and prior service cost related to defined benefit plans	1.1			0.1			—		1.0			(1.1		)	1.1
Net unrecognized gain (loss) on derivatives in cash flow hedging relationships	1.3			1.8			—		(0.5		)	(1.3		)	1.3
Net unrealized loss on derivatives in net investment hedging relationships	(121.2		)	—			—		—			—			(121.2		)
Net unrealized gain (loss) on marketable securities	4.7			4.8			—		(0.1		)	(4.7		)	4.7
Other comprehensive earnings, before tax	860.6			6.7			—		975.1			(981.8		)	860.6
Income tax provision (benefit)	3.1			(2.4		)	—		5.5			(3.1		)	3.1
Other comprehensive earnings, net of tax	857.5			9.1			—		969.6			(978.7		)	857.5
Comprehensive earnings	$	1,154.5		$	348.5		$	—	$	1,367.2		$	(1,715.7	)	$	1,154.5

Condensed Consolidating Balance Sheet

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

As of June 30, 2018

(In millions)	Mylan N.V.		Mylan Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Assets
Current assets:
Cash and cash equivalents	$	0.2	$	6.0	$	—	$	324.0	$	—		$	330.2
Accounts receivable, net	—		8.6		—		2,809.6		—			2,818.2
Inventories	—		—		—		2,561.0		—			2,561.0
Intercompany receivables	346.5		508.8		—		12,116.6		(12,971.9		)	—
Prepaid expenses and other current assets	13.5		65.5		—		509.4		—			588.4
Total current assets	360.2		588.9		—		18,320.6		(12,971.9		)	6,297.8
Property, plant and equipment, net	—		272.7		—		1,913.5		—			2,186.2
Investments in subsidiaries	19,021.8		12,878.1		—		—		(31,899.9		)	—
Intercompany notes and interest receivable	6,680.9		10,498.8		—		2,707.2		(19,886.9		)	—
Intangible assets, net	—		—		—		14,152.8		—			14,152.8
Goodwill	—		17.1		—		9,863.5		—			9,880.6
Other assets	4.4		51.9		—		697.8		—			754.1
Total assets	$	26,067.3	$	24,307.5	$	—	$	47,655.4	$	(64,758.7	)	$	33,271.5
LIABILITIES AND EQUITY
Liabilities
Current liabilities:
Accounts payable	$	—	$	61.0	$	—	$	1,281.1	$	—		$	1,342.1
Short-term borrowings	39.0		—		—		186.4		—			225.4
Income taxes payable	—		—		—		26.7		—			26.7
Current portion of long-term debt and other long-term obligations	1,132.6		0.1		—		64.0		—			1,196.7
Intercompany payables	847.9		12,124.0		—		—		(12,971.9		)	—
Other current liabilities	51.3		243.0		—		1,778.0		—			2,072.3
Total current liabilities	2,070.8		12,428.1		—		3,336.2		(12,971.9		)	4,863.2
Long-term debt	9,528.4		3,785.9		—		5.7		—			13,320.0
Intercompany notes payable	2,259.4		2,769.7		—		14,857.8		(19,886.9		)	—
Other long-term obligations	—		50.6		—		2,829.0		—			2,879.6
Total liabilities	13,858.6		19,034.3		—		21,028.7		(32,858.8		)	21,062.8
Total equity	12,208.7		5,273.2		—		26,626.7		(31,899.9		)	12,208.7
Total liabilities and equity	$	26,067.3	$	24,307.5	$	—	$	47,655.4	$	(64,758.7	)	$	33,271.5

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

As of December 31, 2017

(In millions)	Mylan N.V.		Mylan Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Assets
Current assets:
Cash and cash equivalents	$	—	$	0.2	$	—	$	291.9	$	—		$	292.1
Accounts receivable, net	—		1.0		—		3,611.4		—			3,612.4
Inventories	—		—		—		2,542.7		—			2,542.7
Intercompany receivables	317.2		462.1		—		11,828.5		(12,607.8		)	—
Prepaid expenses and other current assets	5.6		171.1		—		589.4		—			766.1
Total current assets	322.8		634.4		—		18,863.9		(12,607.8		)	7,213.3
Property, plant and equipment, net	—		294.1		—		2,045.0		—			2,339.1
Investments in subsidiaries	19,736.5		13,683.3		—		—		(33,419.8		)	—
Intercompany notes and interest receivable	7,822.6		10,271.2		—		2,186.3		(20,280.1		)	—
Intangible assets, net	—		—		—		15,245.8		—			15,245.8
Goodwill	—		17.1		—		10,188.6		—			10,205.7
Other assets	4.9		56.5		—		741.0		—			802.4
Total assets	$	27,886.8	$	24,956.6	$	—	$	49,270.6	$	(66,307.7	)	$	35,806.3
LIABILITIES AND EQUITY
Liabilities
Current liabilities:
Accounts payable	$	—	$	45.3	$	—	$	1,407.2	$	—		$	1,452.5
Short-term borrowings	—		—		—		46.5		—			46.5
Income taxes payable	—		—		—		112.9		—			112.9
Current portion of long-term debt and other long-term obligations	1,097.8		649.1		—		62.0		—			1,808.9
Intercompany payables	664.7		11,911.5		—		31.6		(12,607.8		)	—
Other current liabilities	35.5		397.0		—		2,532.0		—			2,964.5
Total current liabilities	1,798.0		13,002.9		—		4,192.2		(12,607.8		)	6,385.3
Long-term debt	10,614.3		2,244.5		—		6.5		—			12,865.3
Intercompany notes payable	2,166.9		3,312.7		—		14,800.5		(20,280.1		)	—
Other long-term obligations	—		57.3		—		3,190.8		—			3,248.1
Total liabilities	14,579.2		18,617.4		—		22,190.0		(32,887.9		)	22,498.7
Total equity	13,307.6		6,339.2		—		27,080.6		(33,419.8		)	13,307.6
Total liabilities and equity	$	27,886.8	$	24,956.6	$	—	$	49,270.6	$	(66,307.7	)	$	35,806.3

Condensed Consolidating Statement of Cash Flows

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

Six Months Ended June 30, 2018

(In millions)	Mylan N.V.			Mylan Inc.			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net cash (used in) provided by operating activities	$	(111.4	)	$	(644.2	)	$	—	$	1,807.6		$	—		$	1,052.0
Cash flows from investing activities:
Capital expenditures	—			(11.2		)	—		(64.7		)	—			(75.9		)
Purchase of available for sale securities and other investments	—			—			—		(44.4		)	—			(44.4		)
Proceeds from the sale of marketable securities	—			36.3			—		29.0			—			65.3
Cash paid for acquisitions, net	—			—			—		(63.3		)	—			(63.3		)
Investments in affiliates	—			(13.2		)	—		—			13.2			—
Dividends from affiliates	61.0			—			—		—			(61.0		)	—
Loans to affiliates	(434.7		)	—			—		(3,739.1		)	4,173.8			—
Repayments of loans from affiliates	1,689.0			—			—		2,867.3			(4,556.3		)	—
Payments for product rights and other, net	—			(0.3		)	—		(614.1		)	—			(614.4		)
Net cash provided by (used in) investing activities	1,315.3			11.6			—		(1,629.3		)	(430.3		)	(732.7		)
Cash flows from financing activities:
Payments of financing fees	—			(18.3		)	—		(0.1		)	—			(18.4		)
Purchase of ordinary shares	(432.0		)	—			—		—			—			(432.0		)
Change in short-term borrowings, net	39.0			—			—		140.0			—			179.0
Proceeds from issuance of long-term debt	496.5			2,079.2			—		1.5			—			2,577.2
Payments of long-term debt	(1,446.5		)	(1,150.0		)	—		(2.1		)	—			(2,598.6		)
Proceeds from exercise of stock options	13.7			—			—		—			—			13.7
Taxes paid related to net share settlement of equity awards	(10.1		)	—			—		—			—			(10.1		)
Contingent consideration payments	—			—			—		(0.2		)	—			(0.2		)
Capital contribution from affiliates	—			—			—		13.2			(13.2		)	—
Capital payments to affiliates	—			—			—		(61.0		)	61.0			—
Payments on borrowings from affiliates	(1,173.7		)	(2,772.6		)	—		(610.0		)	4,556.3			—
Proceeds from borrowings from affiliates	1,309.4			2,476.5			—		387.9			(4,173.8		)	—
Other items, net	—			—			—		(0.5		)	—			(0.5		)
Net cash (used in) provided by financing activities	(1,203.7		)	614.8			—		(131.3		)	430.3			(289.9		)
Effect on cash of changes in exchange rates	—			—			—		(15.1		)	—			(15.1		)
Net increase (decrease) in cash, cash equivalents and restricted cash	0.2			(17.8		)	—		31.9			—			14.3
Cash, cash equivalents and restricted cash — beginning of period	—			23.8			—		346.1			—			369.9
Cash, cash equivalents and restricted cash — end of period	$	0.2		$	6.0		$	—	$	378.0		$	—		$	384.2

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

Six Months Ended June 30, 2017

(In millions)	Mylan N.V.			Mylan Inc.			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net cash (used in) provided by operating activities	$	(190.0	)	$	(235.4	)	$	—	$	1,446.1		$	—		$	1,020.7
Cash flows from investing activities:
Capital expenditures	—			(26.6		)	—		(82.7		)	—			(109.3		)
Purchase of available for sale securities and other investments	—			—			—		(6.2		)	—			(6.2		)
Proceeds from the sale of assets	—			—			—		31.1			—			31.1
Proceeds from the sale of marketable securities	—			—			—		6.2			—			6.2
Cash paid for acquisitions, net	(71.6		)	—			—		—			—			(71.6		)
Investments in affiliates	—			(16.0		)	—		—			16.0			—
Dividends from affiliates	106.4			—			—		—			(106.4		)	—
Loans to affiliates	(119.2		)	(224.4		)	—		(1,734.1		)	2,077.7			—
Repayments of loans from affiliates	1,051.2			0.3			—		533.2			(1,584.7		)	—
Payments for product rights and other, net	—			(0.2		)	—		(478.8		)	—			(479.0		)
Net cash provided by (used in) investing activities	966.8			(266.9		)	—		(1,731.3		)	402.6			(628.8		)
Cash flows from financing activities:
Payments of financing fees	(8.1		)	—			—		—			—			(8.1		)
Change in short-term borrowings, net	—			—			—		(42.7		)	—			(42.7		)
Proceeds from issuance of long-term debt	554.5			—			—		1.2			—			555.7
Payments of long-term debt	(1,325.0		)	—			—		(1.6		)	—			(1,326.6		)
Proceeds from exercise of stock options	8.9			—			—		—			—			8.9
Taxes paid related to net share settlement of equity awards	(7.4		)	—			—		—			—			(7.4		)
Contingent consideration payments	—			—			—		(10.1		)	—			(10.1		)
Capital contribution from affiliates	—			—			—		16.0			(16.0		)	—
Capital payments to affiliates	—			—			—		(106.4		)	106.4			—
Payments on borrowings from affiliates	—			(1,254.0		)	—		(330.7		)	1,584.7			—
Proceeds from borrowings from affiliates	—			1,753.1			—		324.6			(2,077.7		)	—
Other items, net	—			(7.3		)	—		6.8			—			(0.5		)
Net cash (used in) provided by financing activities	(777.1		)	491.8			—		(142.9		)	(402.6		)	(830.8		)
Effect on cash of changes in exchange rates	—			—			—		40.7			—			40.7
Net decrease in cash, cash equivalents and restricted cash	(0.3		)	(10.5		)	—		(387.4		)	—			(398.2		)
Cash, cash equivalents and restricted cash — beginning of period	0.3			85.4			—		1,061.3			—			1,147.0
Cash, cash equivalents and restricted cash — end of period	$	—		$	74.9		$	—	$	673.9		$	—		$	748.8

Schedule of Cash, cash equivalents, and restricted cash [Table Text Block]

Cash and restricted cash

(In millions)	June 30, 2018		December 31, 2017		June 30, 2017
Cash and cash equivalents	$	330.2	$	292.1	$	612.8
Restricted cash, included in prepaid expenses and other current assets	54.0		77.8		136.0
Cash, cash equivalents and restricted cash	$	384.2	$	369.9	$	748.8

The following tables provide a reconciliation of cash and cash equivalents, as reported on our unaudited condensed consolidating balance sheets, to cash, cash equivalents and restricted cash, as reported on our unaudited condensed consolidating statements of cash flows (in millions):

	June 30, 2018
	Mylan N.V.		Mylan Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Cash and cash equivalents	$	0.2	$	6.0	$	—	$	324.0	$	—	$	330.2
Restricted cash, included in prepaid expenses and other current assets	—		—		—		54.0		—		54.0
Cash, cash equivalents and restricted cash	$	0.2	$	6.0	$	—	$	378.0	$	—	$	384.2

	December 31, 2017
	Mylan N.V.		Mylan Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Cash and cash equivalents	$	—	$	0.2	$	—	$	291.9	$	—	$	292.1
Restricted cash, included in prepaid expenses and other current assets	—		23.6		—		54.2		—		77.8
Cash, cash equivalents and restricted cash	$	—	$	23.8	$	—	$	346.1	$	—	$	369.9

	June 30, 2017
	Mylan N.V.		Mylan Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Cash and cash equivalents	$	—	$	1.8	$	—	$	611.0	$	—	$	612.8
Restricted cash, included in prepaid expenses and other current assets	—		73.1		—		62.9		—		136.0
Cash, cash equivalents and restricted cash	$	—	$	74.9	$	—	$	673.9	$	—	$	748.8