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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Earnings Per Common Share Attributable To Mylan
Basic and diluted earnings per ordinary share attributable to Mylan N.V. are calculated as follows:
 
Year Ended December 31,
(In millions, except per share amounts)
2018
 
2017
 
2016
Basic earnings attributable to Mylan N.V. ordinary shareholders (numerator):
 
 
 
 
 
Net earnings attributable to Mylan N.V. ordinary shareholders
$
352.5

 
$
696.0

 
$
480.0

Shares (denominator):
 
 
 
 
 
Weighted average ordinary shares outstanding
514.5

 
534.5

 
513.0

Basic earnings per ordinary share attributable to Mylan N.V. ordinary shareholders
$
0.69

 
$
1.30

 
$
0.94

 
 
 
 
 
 
Diluted earnings attributable to Mylan N.V. ordinary shareholders (numerator):
 
 
 
 
 
Net earnings attributable to Mylan N.V. ordinary shareholders
$
352.5

 
$
696.0

 
$
480.0

Shares (denominator):
 
 
 
 
 
Weighted average ordinary shares outstanding
514.5

 
534.5

 
513.0

Share-based awards and warrants
2.0

 
2.2

 
7.5

Total dilutive shares outstanding
516.5

 
536.7

 
520.5

Diluted earnings per ordinary share attributable to Mylan N.V. ordinary shareholders
$
0.68

 
$
1.30

 
$
0.92
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
The cumulative effect of the changes made to our consolidated January 1, 2018 balance sheet for the adoption of ASU 2014-09, ASU 2016-01 and ASU 2017-12 were as follows:
(In millions)
Balance as of December 31, 2017
 
Adjustments Due to ASU 2014-09
 
Adjustments Due to ASU 2016-01
 
Adjustments Due to ASU 2017-12
 
Balance as of January 1, 2018
Consolidated Balance Sheet
 
 
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
 
 
Prepaid expenses and other current assets
$
766.1

 
$
9.2

 
$
—

 
$
—

 
$
775.3

 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
Deferred income tax liability
2,012.4

 
3.0

 
—

 
—

 
2,015.4

 
 
 
 
 
 
 
 
 
 
Equity
 
 
 
 
 
 
 
 
 
Retained earnings
5,644.5

 
6.2

 
10.0

 
(2.5
)
 
5,658.2

Accumulated other comprehensive loss
(361.2
)
 
—

 
(10.0
)
 
2.5

 
(368.7
)
During the fourth quarter of 2018, the Company has revised the cumulative effect of the adoption of ASU 2014-09 which reduced the adjustment to beginning retained earnings by approximately $6.6 million, net of tax. In accordance with ASU 2014-09, the disclosure of the impact of adoption on our consolidated statement of operations and balance sheet was as follows: 
 
For the Year Ended December 31, 2018
(In millions)
As Reported
 
Balances Without Adoption of ASC 606
 
Effect of Change Increase (Decrease)
Consolidated Statement of Operations
 
 
 
 
 
Revenues
$
11,433.9

 
$
11,588.4

 
$
(154.5
)
Cost of sales
7,432.3

 
7,593.9

 
(161.6
)
Income tax benefit
(54.1
)
 
(56.4
)
 
2.3

Net earnings
352.5

 
347.7

 
4.8

 
 
 
 
 
 
 
December 31, 2018
(In millions)
As Reported
 
Balances Without Adoption of ASC 606
 
Effect of Change Increase (Decrease)
Consolidated Balance Sheet
 
 
 
 
 
Prepaid expenses and other current assets
$
518.4

 
$
511.3

 
$
7.1

Income taxes payable
121.5

 
119.2

 
2.3

Retained earnings
6,010.7

 
6,005.9

 
4.8