Balance Sheet Components (Tables)

9 Months Ended

Sep. 30, 2020

Balance Sheet Components [Abstract]

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

Cash and restricted cash

(In millions)	September 30, 2020		December 31, 2019		September 30, 2019
Cash and cash equivalents	$	664.5	$	475.6	$	358.9
Restricted cash, included in prepaid expenses and other current assets	2.6		15.5		15.5
Cash, cash equivalents and restricted cash	$	667.1	$	491.1	$	374.4

Inventories

Inventories

(In millions)	September 30, 2020		December 31, 2019
Raw materials	$	892.6	$	886.8
Work in process	426.6		417.2
Finished goods	1,702.8		1,366.9
Inventories	$	3,022.0	$	2,670.9

Prepaid Expenses and Other Current Assets

Prepaid and other current assets

(In millions)	September 30, 2020		December 31, 2019
Prepaid expenses	$	189.1	$	156.7
Restricted cash	2.6		15.5
Available-for-sale fixed income securities	39.1		26.8
Fair value of financial instruments	51.1		43.3
Equity securities	40.9		39.0
Other current assets	361.3		270.7
Prepaid expenses and other current assets	$	684.1	$	552.0

Property, Plant and Equipment

Property, plant and equipment, net

(In millions)	September 30, 2020		December 31, 2019
Machinery and equipment	$	2,603.1	$	2,523.7
Buildings and improvements	1,219.8		1,197.3
Construction in progress	271.9		277.3
Land and improvements	125.5		124.6
Gross property, plant and equipment	4,220.3		4,122.9
Accumulated depreciation	2,162.0		1,973.3
Property, plant and equipment, net	$	2,058.3	$	2,149.6

Other Assets

Other assets

(In millions)	September 30, 2020		December 31, 2019
Equity method investments, clean energy investments	$	57.6	$	92.2
Operating lease right-of-use assets	227.9		254.6
Other long-term assets	123.4		58.2
Other assets	$	408.9	$	405.0

Trade Accounts Payable

ccounts payable

(In millions)	September 30, 2020		December 31, 2019
Trade accounts payable	$	900.8	$	1,061.9
Other payables	547.0		466.2
Accounts payable	$	1,447.8	$	1,528.1

Other Current Liabilities

Other current liabilities

(In millions)	September 30, 2020		December 31, 2019
Accrued sales allowances	$	697.9	$	796.5
Legal and professional accruals, including litigation accruals	117.5		138.2
Payroll and employee benefit liabilities	503.2		467.1
Contingent consideration	124.8		120.4
Accrued interest	179.1		59.1
Restructuring	17.1		26.0
Equity method investments, clean energy investments	50.1		47.7
Fair value of financial instruments	17.1		12.9
Operating lease liability	68.5		76.7
Other	470.9		575.3
Other current liabilities	$	2,246.2	$	2,319.9

Other Noncurrent Liabilities

Other long-term obligations

(In millions)	September 30, 2020		December 31, 2019
Employee benefit liabilities	$	412.2	$	408.9
Contingent consideration	88.4		130.3
Equity method investments, clean energy investments	13.5		57.2
Tax related items, including contingencies	137.3		109.6
Operating lease liability	156.9		175.7
Other	92.6		79.1
Other long-term obligations	$	900.9	$	960.8